Leveraging the deep engagement of streaming entertainment to make their core commerce platforms stickier, Amazon Prime and Walmart+ are taking different routes to the same destination: more subscribers spending more time and money within their ecosystems. This, as Amazon announced Tuesday (Nov. 1) that Prime...
Bath & Body Works has found its new CEO in Gina Boswell, a 30-year veteran of the beauty and personal care industry. The company announced her appointment in a news release Wednesday (Nov. 2), saying she would take the job beginning Dec. 1. She will...
While reporting the company’s earnings Wednesday (Nov. 2), CVS CEO Karen Lynch noted that this year has also been important for expanding its digital presence. Speaking to investors, Lynch said the pharmacy giant had added about 1 million digital customers in its third quarter, bringing...
ShopRunner, a subsidiary of FedEx, has launched a new mobile app that gives shoppers a single platform from which they can discover, order, track and return products from multiple brands and retailers. The new ShopRunner app offers a streamlined alternative to visiting several online shopping...
The pandemic has been a time of change in many areas, particularly the rise of eCommerce for all categories of shopping. For example, 15% of consumer purchases are now made via eCommerce compared to 11% prior to the pandemic. PYMNTS’ data shows there have been...
The payments pull and tug between buyers and suppliers has long favored those doing the buying, but that’s changing as technology takes friction and cost out of B2B transactions. Speaking with PYMNTS Karen Webster for the “Executive Insight Series — The Next Three Years,” Boost...
The promise of cross-border commerce is always the opportunity to tap into new markets. But no two countries, or even markets within a given country, are quite the same, especially when it comes to B2B payments. And therein lies the peril of cross-border commerce, Payoneer...
Early results show that Uber’s investments in its grocery offerings are paying off, by both driving adoption and strengthening the platform’s cross-vertical engagement, company executives shared in prepared remarks Tuesday (Nov. 1) discussing the company’s third quarter financial results. “We are … seeing encouraging consumer...
The number of ransomware attacks reported by financial institutions (FIs) and occurring in 2021 was double the number that occurred during the previous year. The number leapt 108% from 602 in 2020 to 1,251 in 2021, the Financial Crimes Enforcement Network (FinCEN) reported Tuesday (Nov....
