News

Retail
Driving Sales Through Exclusivity Takes Time, Says Brunello Cucinelli  
August 30, 2023

Quiet luxury is the epitome of exclusivity, transcending ostentatious displays of wealth, and that’s a realm Brunello Cucinelli is determined to stay in.  “Exclusivity and rarity will allow a company to last a century. It’s not easy, but this is what we believe in,” said...

Artificial Intelligence
AI or Human? It Can Be Hard to Tell
August 30, 2023

How do we decide whether a piece of text was created by a human, artificial intelligence (AI) or a combination of the two? Some studies find that more than half of individuals cannot accurately identify content made by AI chatbots. That percentage jumps to 66%...

Retail
Gen Z Shifts Product Discovery From the Storefront to the Streaming Platform
August 30, 2023

Consumer search and shopping habits have transformed over time. With platforms ranging from Google and Pinterest to TikTok — according to Google’s own data, nearly 40% of Gen Z consumers use TikTok and Instagram for search instead of Google — individuals now have a variety...

Investments
JPMorgan Boosts Investment in Brazil’s C6 Bank
August 29, 2023

J.P. Morgan Chase & Co. has boosted its stake in Brazilian digital bank C6 Bank from 40% to 46%. The financial terms of the deal were not disclosed, Reuters reported Tuesday (Aug. 29), citing a statement released by the banks. This expanded investment comes after J.P. Morgan initially bought...

Delivery
Restaurant Customers Spend Twice as Much on Delivery Food Than Pickup
August 29, 2023

Restaurant inflation may have many consumers shifting away from restaurant delivery toward pickup, but when diners do order delivery, they are spending more than ever. By the Numbers PYMNTS research for the Connected Dining series found that, as of the start of this year, consumers...

Retail
Walmart Channels Walgreens With COVID, Flu and Strep Throat Testing in Pharmacies
August 29, 2023

Walmart has launched a new program called Testing and Treatment at its pharmacies in 12 states, according to the retailer Tuesday (Aug. 29). The program allows Walmart pharmacists to test customers for strep throat, the flu and COVID-19 and then provide appropriate treatments. The program is available...

Investments
TruLite Health Secures $7 Million in Funding for Health Equity Solutions
August 29, 2023

TruLite Health, a company focused on health equity solutions, has closed a $7 million Series A financing round. The funding will be used to accelerate the organization’s commercial growth, enhance client support resources and expand product offerings, the company said in a Tuesday (Aug. 29) press...

Investments
MoonPay Launches Investment Arm to Drive Web3 Adoption
August 29, 2023

Web3 infrastructure company MoonPay has launched an investment arm that aims to support and collaborate with startups in the Web3 and FinTech ecosystems. The new MoonPay Ventures will provide capital and access to resources, mentorship and industry expertise to early-stage companies, with the goal of driving industry-wide value...

B2B Payments
ShipEngine Launches Solution for Embedding Shipping Experiences Within Platforms
August 29, 2023

ShipEngine, a shipping application programming interface (API), has unveiled a new offering that allows eCommerce platforms to incorporate unified shipping directly within their own services. By using the new ShipEngine for Platforms to embed pre-integrated shipping components, platforms can provide merchants with a shipping experience without the need for...