pymnts Profile:
Target (NYSE: TGT)
Target Corporation is the eighth-largest department store retailer in the United States, and is a component of the S&P 500 Index.
Virgin’s Richard Branson Raising Capital For Acquisition Opportunities
September 17, 2020
A company recently created by billionaire Virgin Atlantic Founder Richard Branson plans to raise between $400 million and $460 million to acquire a yet-to-be identified business that is available at ... Read moreDecision Expected Soon On TikTok-Oracle Deal
September 16, 2020
President Donald Trump is expected to decide shortly whether the sale of TikTok, the China-based short video-sharing app, to Oracle Corp. is a go, The Wall Street Journal reported.
The president ... Read moreKohl's Reduces Corporate Workforce By Approximately 15 Pct
September 16, 2020
Kohl’s Corporation decreased its corporate headcount by roughly 15 percent as it took different measures to “further align its cost base” in response to the impact of the coronavirus on ... Read moreVeem Ends Funding Round With $31M
September 16, 2020
Global payments network Veem has closed a funding round with $31 million in new capital, a press release says.
Truist Ventures, the corporate venture capital division of Truist Financial Corporation, the ... Read moreReport: TikTok, Oracle Deal Could Be Signed Tuesday
September 15, 2020
The President Donald Trump administration has given the green light for TikTok to become a U.S. company, and the White House could approve the deal as soon as Tuesday afternoon ... Read moreRTP, Blockchain Make Inroads Within Corporations
September 15, 2020
As if the coronavirus crisis wasn’t enough of a challenge for organizations still printing, cutting and mailing paper checks, the ongoing slowdowns at the U.S. Postal Service have added yet ... Read moreWhy Mexico’s SMBs Need A FinTech Operating System And Not Another Bank
September 15, 2020
Emerging markets have their own challenges when it comes to banking, where big, traditional financial institutions (FIs) are anything but efficient.
In an interview with Karen Webster, Vilash Poovala, founder and ... Read moreVerizon To Purchase Prepaid Cellular Firm TracFone For $7B
September 14, 2020
Verizon Communications Inc. has reached an agreement to buy TracFone, a wireless prepaid service provider, in a deal worth up to $7 billion in cash and stock, The Wall Street Journal ... Read moreAlibaba Eyes $3B Investment In Ride-Hailing Giant Grab
September 14, 2020
Alibaba Group, the Chinese eCommerce behemoth, is reportedly in talks to invest $3 billion in Singapore-based Grab Holdings, which is best known for its ride-hailing business.
Part of Alibaba’s investment would ... Read moreMnuchin Mum On Oracle, TikTok Deal
September 14, 2020
U.S. Treasury Secretary Steven Mnuchin declined to provide much detail on Oracle Corp.’s winning bid for TikTok’s U.S. operations.
The secretary failed to answer questions about the terms of the Sunday ... Read more
New Data: How Online Merchants Build Consumer Trust In The Digital 3.0 Economy
September 4, 2020
It has now been six months since the coronavirus outbreak was declared a pandemic on March 11, and consumers are more likely than ever to shop and pay online, not ... Read moreNew Data: The Role Of Touchless Payments In Shaping Consumer Merchant Choice
September 2, 2020
When the World Health Organization (WHO) first declared the COVID-19 outbreak a pandemic on March 11, no one could have foreseen how it would ultimately alter United States consumers’ daily ... Read moreInnovative Business Models For Groceries, Payment Plans
July 24, 2020
Misfits Market has transformed “rescued” produce into a quickly expanding digital grocery platform. Its growth has been so successful prior to and during the pandemic that it has brought in new funding to ... Read moreUSDA's SNAP Benefits Can Used In 25 States, DC To Buy Groceries From Amazon
May 29, 2020
Amazon customers can now use Supplemental Nutrient Assistance Program (SNAP) benefits in more states, according to a statement from the eCommerce giant.
As of this week, customers with SNAP in the ... Read moreNEW DATA: How We Will Change: Consumers And Life After COVID-19
April 22, 2020
California became the first state to issue a stay-at-home order on March 19. All 50 states have since issued social distancing guidelines, with consumers everywhere wondering when the mandates will ... Read moreUber Expands Delivery Options
April 20, 2020
Uber is introducing an expanded roster of delivery options to provide on-demand and scheduled last-mile delivery solutions for consumers and businesses alike.
Uber Direct will roll out in select cities, Uber ... Read moreGroceries Enlist Robots For Stocking, Deliveries
April 8, 2020
With the coronavirus’ multi-faceted threats to health and funds for people everywhere, grocery stores have tried to mediate the former by introducing more robots in stores.
By doing so, grocery stores ... Read moreFood Delivery Companies Turn To Grocery Delivery
April 2, 2020
As the coronavirus makes it more difficult for people to go out due to fear of infection, delivery services like Uber Eats and competitors are expanding to add grocery delivery ... Read moreIndia’s Quarantine Prompts Walmart’s Flipkart To Halt Operations
March 25, 2020
Walmart’s Flipkart has stopped all services in India as the government orders people to stay inside for at least three weeks due to the coronavirus, a Reuters report indicated on ... Read moreYandex, The Russian Google, Has 15-Minute Grocery Delivery
January 28, 2020
Russia’s biggest technology firm, Yandex NV, launched an online service that uses bike couriers to bring groceries to Moscow residents in 15 minutes, Bloomberg reported on Tuesday (Jan. 27).
The free ... Read more
Grocery Round-Up: Amazon Fresh Opens, Whole Foods Cuts Prices And The US Grocery Sales Boom Slows Down
September 17, 2020
The only constant in the world of selling groceries of late seems to be the constant change. The long-awaited first Amazon Fresh brick-and-mortar store officially opened for business in Los ... Read moreEuropean Mall Operator Citycon Works On BOPIS Service
September 17, 2020
To enable customers to shop from the complete selection of multiple mall offerings and retrieve their purchases from one place, European mall operator Citycon is creating a buy-online-pick-up-in-store (BOPIS) service. ... Read moreToday In Payments: NYC Approves Restaurant Surcharge; SWIFT To Create New Cross-Border Real-Time Rails
September 17, 2020
In today’s top news, New York City changed a rule banning restaurant surcharges, and SWIFT announced plans to retool its platform to enable instant transactions. Plus, the combined value of ... Read moreRent The Runway Updates Subscription Tiers Amid COVID-19 Pressures
September 17, 2020
Rent the Runway, which gives members a way to don thousand-dollar dresses for special occasions without buying them, is updating its business model to cope with the effects of COVID-19.
The ... Read moreFacebook: Digital Sales Can Mitigate Pandemic’s Negative Effects On SMBs
September 17, 2020
Small to medium-sized businesses (SMBs) can help lessen the negative effects of COVID-19 on their firms by selling more through digital channels, according to the results of Facebook’s Global State ... Read moreIs This The Last Year For The Xbox/PlayStation Console Wars?
September 17, 2020
As America heads into a holiday shopping season that will be unlike anything that has ever come before, we can all at least look forward to one piece of returning ... Read moreRetailers Look To Redefine Holidays For Q4
September 17, 2020
What a difference a day makes – or doesn’t make. While the retail industry waits for Amazon to officially announce Prime Day, some other events are starting to take their ... Read moreDigital Drive: PartsHawk Turbocharges Its Data
September 17, 2020
It’s not often that eCommerce companies critique the products they’re aligned with. After all, Dick’s Sporting Goods doesn’t rate NFL players, and Best Buy doesn’t wax poetic about the beauties ... Read morePet Spend Shifts Online With Pandemic
September 17, 2020
Americans spent $95.6 billion in 2019 feeding and caring for their pets. To provide some perspective on how big that number is, if the pet industry was a country it ... Read moreThe Rise Of Subscriptions Amid The Pandemic
September 17, 2020
Consumers who are remaining in their residences and looking for low-contact ways to shop during COVID-19 tend to enjoy having essential products regularly delivered to them. This preference appears to ... Read more
dlocal CEO: Helping Global Merchants Tap Emerging-Market Opportunities
September 18, 2020
Launching into an emerging market can be a risky move for any global business. While spend in developing markets isn’t typically as high as, say, in the U.S., consumers in ... Read moreMusicians Pick Up The Tempo On Adopting Digital Payments
September 18, 2020
The conventional wisdom may hold that creative types — musicians among them — are not the savviest of business mavens.
Anecdotes abound, of course, in the popular music industry of artists ... Read moreThe Great Digital Shift In Accounts Payables Is Just Beginning
September 18, 2020
Beyond the great digital shift in consumer payments lies fertile ground for a shift in how businesses pay one another.
To that end, Corporate Spending Innovations (CSI) President David Disque said ... Read moreJacksonville Jaguar Fans Can Now Pay Via QR Codes
September 17, 2020
The Jacksonville Jaguars are now allowing QR-based mobile payments at retailers and concessions at the TIAA Bank Field Stadium through a mobile Jags Pay wallet in the official team app, ... Read moreWhy The Customer Experience Is A Program, Not A Project
September 17, 2020
The pandemic has reshaped how we interact with merchants — and what we expect, as customers, from those increasingly digital interactions.
Call it the transformation of CX, shorthand for the customer ... Read moreOdds Are That Online Sportsbook Wins Big Post-COVID
September 16, 2020
It’s been said that “gamblers find things to gamble on.” Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and ... Read moreCircle, Dapper Labs Team To Add Stablecoin Payments For Digital Collectibles
September 16, 2020
Dapper Labs will be partnering with peer-to-peer firm Circle to help add payment methods for digital collectibles using credit and debit card payments to settle in the stablecoin USD Coin ... Read moreToday In How We Eat: Starbucks Sweetens Loyalty And Meal Kit Subscriptions Soar
September 16, 2020
Consumers’ appetite for change as to how they feed themselves has been particularly busy of late, pushing Starbucks to sweeten its loyalty offerings to customers and meal kits to rise ... Read morePayPal’s Jim Magats: How The Last Six Months Has Changed The Future Of How Consumers Will Shop
September 16, 2020
When stay-at-home orders first went out in mid-March, consumers didn’t really see it as the start of a major shift in their lives. Most thought the pandemic was going to ... Read moreStandard Chartered, Amazon To Offer Installment Payments In UAE
September 15, 2020
Standard Chartered and Amazon.ae, the company’s United Arab Emirates website, are launching a new installment payments method for customers, according to The Fintech Times.
Standard Chartered cardholders will now be able ... Read more