News

eCommerce
Study Finds Payment Choice More Important Than 33 Other Features When Choosing a Merchant
May 16, 2023

More than 80% of consumers use digital features as part of their shopping experiences, online and in-store. These “digital enthusiasts” and “digital mainstream” shoppers are younger and more affluent than most, making up 92% of the country’s millennials and 88% of the country’s high-income consumers....

B2B Payments
ServiceNow Launches Digital Workflows for Finance and Supply Chain
May 16, 2023

ServiceNow has launched new artificial intelligence (AI)-powered workflows for finance, supply chain and procurement leaders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Faster Payments
ACI Worldwide Teams With Corporate One for FedNow Launch
May 16, 2023

ACI Worldwide says it is among the first payments firms certified for the U.S. Federal Reserve’s FedNow instant payments service, due to launch in July. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Artificial Intelligence
Washington Races to Develop and Implement Effective AI Policy
May 16, 2023

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to receive marketing communications from PYMNTS and...

Retail
Selfridges Launches Pop-up Shop Devoted to Pre-Owned Clothing and Accessories
May 16, 2023

Selfridges has launched a pop-up shop at which consumers can resell or restore pre-owned clothing and accessories. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily...

Retail
Elizabeth Arden Launches Shoppable Virtual Store to Reach New Generation
May 16, 2023

Elizbeth Arden has launched a virtual store that enables browsing, gameplaying and shopping. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this...

Retail
Century 21 and Macy’s Embrace Inventory Lightness as Premium Label Stores Downsize
May 16, 2023

Inspired by Macy’s, Century 21, the department store chain celebrated for its deeply discounted designer clothing, is staging a comeback following its closure in 2020. With a renewed strategy, it is embracing a more streamlined approach to retail as it strives to reclaim its prominent...

Social Commerce
As Meta Exits, Can Amazon, Google and Reddit Get Social Commerce Right? 
May 16, 2023

The realm of social commerce is undergoing remarkable advancements with key players such as Google, Amazon and Reddit venturing into the trend of integrating eCommerce within their platforms. But what does that mean for the state of social commerce? Particularly in light of Meta’s influential...

Retail
Home Depot’s Sales Fall as Consumers Hold Off on Renovations
May 16, 2023

The Home Depot missed Wall Street revenue expectations for the second quarter in a row. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...