TikTok is establishing a warehouse and fulfillment network to boost its eCommerce operations. As a report Tuesday (Nov. 7) by The Wall Street Journal (WSJ) noted, this move shows the social media platform both taking a page from Amazon while writing its own story. On one hand, the report says,...
Payment facilitators (PayFacs) are entities that enable their customers to accept electronic transactions using the payment facilitator’s platform, which has control of the end-to-end transactions. Examples of PayFacs include Square, Stripe and PayPal. A recent study conducted by PYMNTS Intelligence in collaboration with Carat from Fiserv, “Platform Business Survey:...
Consumers are becoming increasingly connected on social media, and retailers are taking notice. In a bid to grow engagement and sales, merchants have taken to social media platforms to promote their wares. In turn, these platforms have made it increasingly easy for consumers to buy...
Luxury consignment is a thriving niche within the fashion industry, offering a sustainable and cost-effective way for consumers to access high-end, designer products at more affordable prices. While the brick-and-mortar approach to luxury consignment has its advantages of personalization and in-store experience, it often lacks...
In today’s modern commerce landscape, convenience-driven shoppers increasingly desire a frictionless checkout experience and are embracing the ability to use stored credentials for seamless payments. In “Payments And Credentials Vaults: Gauging Consumer Interest,” PYMNTS Intelligence drew on a survey of more than 2,000 consumers to...
The RealReal has been doing a lot of cleanup in 2023, and the luxury consignment shop is hopeful to see the fruits of its labor in the first half of 2024. This update comes directly from the company, which released its earnings report on Tuesday...
EBay is finding that its investments in artificial intelligence (AI) are leading to happier customers. On Tuesday (Nov 7), the company revealed during its latest earnings call that its investments in AI have enhanced the way customers perceive its shipping capabilities. “In Q4...
Artificial intelligence (AI) startup Black Ore emerged from stealth after raising $60 million. The company, founded by FinTech entrepreneurs Eyal Shinar and Pavel Kapovski, rolled out its first product, Tax Autopilot, which uses AI to study tax law and simplify tax preparation for accountants, according...
A leading financial regulator in the United States is issuing a warning about stablecoins. Michael Barr, vice chair for supervision at the Federal Reserve, told an audience at a Washington, D.C. FinTech Week event Tuesday (Nov. 7) that stablecoins could function as a form of...
