(source: en.wikipedia.org)
Carvana has revived a deal to sell $4 billion in used-car loan receivables to Ally Financial. The yearlong arrangement, announced Monday (Jan. 6), comes days after a report by short seller Hindenburg Research claiming that Ally was stepping back from its partnership with the online...
This year, the holiday shopping season belonged to digitally savvy consumers. New data from Mastercard showed that while total retail sales from Nov. 1 to Dec. 24 rose 3.8%, online shopping was up 6.7%, according to a Thursday (Dec. 26) press release. Those figures, from...
The world’s most populous country is also one of the most attractive for eCommerce investors. “It’s the tip of the spear of growth,” for that sector, EMQQ Global Founder Kevin Carter told CNBC in an interview Sunday (Dec. 22), “not just in emerging markets, but...
Bluesky’s rising popularity in the social media space is not without growing pains. The platform, seen as an alternative to Twitter/X, now has close to 25 million users, NBC News reported Sunday (Dec. 22), citing data from ClearSky. But with this new success, the report...
Credit and debit cards still dominate the eCommerce arena, yet alternative payment methods such as digital wallets and buy now, pay later (BNPL) plans have gained popularity as online payment options. Key reasons why include the ease and convenience they provide. As a result, most...
TikTok asked the Supreme Court on Monday (Dec. 16) for an emergency injunction of the U.S. law that would force the app’s owner to sell it or see it banned in the country. The company is seeking an emergency injunction pending a Supreme Court appeal...
To improve customer satisfaction, revenue growth and competitiveness, payment facilitators (PayFacs), independent software vendors (ISVs) and marketplaces from the logistics and wholesale trade industry have set their sights on enhancing their embedding finance capabilities. More than half of PayFacs and marketplaces in this sector view...
When it comes to succeeding in eCommerce, conversion is king. Yet online merchants widely report having problems in delivering a high-quality checkout experience to their customers. In fact, more merchants encounter trouble in this area than in payment processing. This is a global problem. PYMNTS...
Stitch Fix, the online personal styling service, began its fiscal year 2025 with a clear vision to reinvigorate its business and return to growth by the end of FY 2026. Despite some challenges in its first-quarter financial performance, CEO Matt Baer said the company is making...