Businesses have long relied on debit and credit card transactions, but digitization is ushering a new era of more secure electronic payment options, such as virtual cards, in the business-to-business (B2B) payment landscape. Findings detailed in a PYMNTS Intelligence report titled “B2B Digital Payments: Virtual...
Breezit has raised $2 million to help couples use artificial intelligence to plan their nuptials. The pre-seed round, announced Thursday (Sept. 28), was led by Practica Capital and will help Breezit further develop generative artificial intelligence (AI) and machine-learning capabilities for its venue and vendor marketplace. “An estimated 80% of...
TikTok’s plan to invest heavily in Indonesian eCommerce is apparently hitting a roadblock. As Bloomberg News reported Thursday (Sept. 28), the company is now subject to new rules in Indonesia that block social media platforms from handling direct payments for online purchases, a distinction that so far applies...
Much like their American counterparts, consumers in Poland are trading down. However, that apparently hasn’t stunted the growth of Allegro, that country’s largest eCommerce platform, as Reuters reported Thursday (Sept. 28). The company said it expects core earnings growth to speed up at home as wages in Poland...
X CEO Linda Yaccarino has reportedly expressed optimism about the platform’s future profitability. Speaking Wednesday (Sept. 27) at Vox Media’s Code conference, Yaccarino, who has been leading X for 100 days, defended the company’s progress under owner Elon Musk, Reuters reported Wednesday. Yaccarino said X could reach profitability early in 2024,...
According to affluent shoppers, quiet luxury — understated refinement, subtlety, and minimalist elegance — is out. So what exactly does that mean for retailers, especially this holiday season? State of Quiet Luxury According to Fashionphile, luxury shoppers are abandoning subtlety in handbags from renowned brands. In...
Last week, Amazon announced plans to increase its hiring for the holiday season. It now looks like it might be the only big company in the retail/fulfillment space to do so. As The Wall Street Journal (WSJ) reported Thursday (Sept. 28), most logistics and fulfillment companies are keeping their...
Amazon has teamed with Shift4 to widen the use of its “Just Walk Out” payment technology. The partnership, announced Thursday (Sept. 28) combines payments and technology firm Shift4’s VenueNext solution with Just Walk Out, Amazon’s check-out free shopping tool. Beginning Thursday, the companies said in a press release provided to...
Automation is predicted to become the centerpiece of the campus of the future, transforming various aspects of university life. As detailed in the “The Automated Campus: Enabling the Future of Higher Education,” a collaboration between PYMNTS Intelligence and American Express, higher education has evolved significantly from...
