(source: en.wikipedia.org)
Consumers continue to spend more on their debit cards, although the rate of growth has slowed. Total debit card transaction volume and value both grew at an average rate of 4.6% per year from 2021 to 2023, the Federal Reserve Board said in its latest...
Coupang faces an investor class action lawsuit alleging that it violated securities laws after a data breach. The lawsuit was filed in California and alleges that the eCommerce company, which is operates globally and is South Korea’s biggest online retailer, misled investors about its data...
Consumers are increasingly comfortable completing purchases directly inside artificial intelligence (AI) platforms, signaling a potential shift in how digital commerce journeys are structured. A new PYMNTS Intelligence survey of 1,425 U.S. adult consumers conducted from Oct. 14 to Oct. 29 shows that more than half...
TikTok and parent company ByteDance have signed agreements with Oracle, Silver Lake and MGX to form a new TikTok U.S. joint venture that will enable the app to continue operating in the United States, according to TikTok CEO Shou Zi Chew. The transaction is set to close on Jan. 22, Chew said in...
Digital analytics platform Contentsquare has launched a new partnership with Shopify. The collaboration, announced Wednesday (Dec. 17), is designed to combine Shopify’s eCommerce platform and Contentsquare’s behavioral insights to offer businesses an “end-to-end view of the customer experience — from first interaction through post-purchase.” eCommerce,...
Temu has launched an app that enables Shopify merchants to list products on Temu’s marketplace directly from their Shopify accounts. The app allows these merchants to access Temu’s Local Seller Program in more than 30 markets, while managing their product listings, inventory and fulfillment in...
What should have been a Cyber Monday victory lap for Shopify turned into a midday nightmare as merchants worldwide lost access to their admin dashboards and point‑of‑sale systems on one of the busiest online shopping days of the year. Storefronts kept taking orders, but merchants...
Mercado Libre is reportedly investing more than ever before in coupons for this week’s Black Friday sale amid heightened competition in Latin America from other online retailers such as Amazon, Shein, Shopee and Temu. The Latin American firm’s investment in coupons amounts to nearly $19...
Shopify reportedly fired fewer than 10 employees after they faked sales projections to increase their commissions. After the employees’ fraud had lasted more than a year, Shopify saw that new merchants going live on its platform failed to deliver the numbers projected by its sales...