Mastercard is predicting a “rebalancing” in consumer spending for the 2023 holiday season. The company on Tuesday (Sept. 19) announced that its SpendingPulse shows retail sales increasing 3.7% for the period between Nov. 1 and Dec. 24. That figure — for in-store and online sales across all...
Mastercard and Oracle have announced a partnership to automate B2B payments for enterprise customers. The collaboration will integrate Mastercard’s virtual card platform into the Oracle Fusion Cloud Enterprise Resource Planning (ERP), automating the B2B finance and payment process, the companies said in a Tuesday (Sept. 19) press release....
With Instacart going public Tuesday (Sept. 19) via initial public offering (IPO), grocers are rethinking their direct delivery businesses. Some are investing more in their in-house delivery offerings. For instance, Wakefern Food Corp., which spans hundreds of grocery stores over a range of banners, announced...
Visa and Swift have announced a collaboration aimed at streamlining international B2B payments. The joint effort will provide financial institutions and their customers with more choice, speed and transparency when sending money across borders, the companies said in a Tuesday (Sept. 19) press release. One of the key features...
Three large retailers’ hiring plans for the upcoming holiday season are similar to those they announced last year. A fourth retailer, Macy’s plans to hire 3,000 fewer workers for seasonal positions than last year, Reuters reported Tuesday (Sept. 19). The three retailers that have announced...
Google has debuted several features for its artificial intelligence (AI) tool Bard. “Bard now integrates with Google apps and services for more helpful responses,” Yury Pinsky, director of product management for Bard, wrote in a Google blog post Tuesday (Sept. 19). “We’ve also improved the...
IKEA has entered the buy now, pay later (BNPL) space with the help of Afterpay. The world’s largest furniture retailer announced Tuesday (Sept. 19) that Afterpay’s “Pay in 4” service was now available at its stores and website for customers in the U.S. The program, which lets...
Labor Day has come and gone, and the holiday season is just around the corner. But current economic and financial conditions are forcing consumers to face some tough choices about buying what they want, while having the means to fund it. That’s why PYMNTS CEO...
Stitch Fix is leaning into personalized styling services as it aims to revolutionize the way customers shop. By combining advanced technology with human stylists, the online personal style platform delivers a convenient and tailored shopping experience that sets it apart from other retailers, Stitch Fix CEO Matt...
