News

Retail
Amazon Leverages Membership Surge With October Prime Day Push
September 26, 2022

Any doubts that deep and early discounting would be the theme of thus year’s holiday shopping season were laid to rest Monday (Sept. 26) as Amazon responded to recent moves by rival retailers with the announcement of a second Amazon Prime Day to be held...

Retail
Estée Lauder Teams With Balmain to Tap High-End Beauty Spending
September 26, 2022

The Estée Lauder Companies and Balmain are partnering on a line of beauty products meant for luxury consumers around the world. With this new licensing agreement, the companies will work together to develop, produce and distribute the product line called Balmain Beauty, according to a...

Investments
Checkmate Raises $5M for New Smart Shopping Tool
September 26, 2022

Smart shopping tool startup Checkmate has raised $5 million in a seed funding round to drive product development and build out its new personalized solution for online shoppers. The tool, available as a mobile app and a web extension, aims to make it easier for...

Retail
Dick’s, Macy’s Join Mounting Retail Seasonal Hiring Trend; Staffing Shortages Loom
September 26, 2022

Fast access to pay is one of the benefits retail chains are offering as they compete for employees to fill seasonal positions for the upcoming holiday season. Dick’s Sporting Goods is offering potential candidates its optional DailyPay, the company said in a Monday (Sept. 26)...

Payment Methods
Data Brief: 52% Shopping Carts Originating in APAC Get Abandoned
September 26, 2022

With roughly 4.3 billion people living in the Asia-Pacific (APAC) region, stretching across more than a dozen countries, and with internet connectivity growing by leaps and bounds, it’s no secret that merchants desire to tap these markets to satisfy demand for eCommerce. But making the...

Delivery
Instacart IPO Prep Includes Staff, Spending Reductions
September 25, 2022

Instacart has been laying off staff and cutting down on new hires as it heads toward an initial public offering (IPO), a report from The Information said Saturday (Sept. 24). The company has fired some of its over 3,000 employees after it had midyear performance...

B2B Payments
iControl, MarginEdge Team on B2B Alcohol Payments
September 25, 2022

B2B food and beverage payment solution iControl is partnering with MarginEdge, a restaurant management software solution, to help solve the problems restaurants face when purchasing and serving alcohol. In a press release Saturday (Sept. 24), MarginEdge CEO Bo Davis said some of the difficulties restaurants...

Retail
Smart Retail Brands Drive Hybrid Shopping Experience in the UAE
September 25, 2022

In the United Arab Emirates (UAE), retailers are increasingly denying the distinction between online and in-store shopping, and the country has emerged as one of the world’s most advanced in terms of the “phygital” retail experience. Consumers in the UAE are among the most willing...

Payment Methods
Report: Uzbek Firm Says Tech Issues Halted Processing Russian Mir Cards
September 23, 2022

Uzbekistan’s inter-bank processing center UZCARD has reportedly paused its processing of payments via the Bank of Russia’s National Card Payment System (NSPK)-issued Mir payment cards.  UZCARD said the pause was caused by technical issues and was not in response to U.S. sanctions imposed last week...