News

Delivery
Carvana Adds Indiana to Its Same-Day Delivery Roster
August 23, 2023

Online used-car platform Carvana says it has added same-day delivery to a second state. First rolled out in Arizona, the service is now also available for customers in Indiana, the company announced Wednesday (Aug. 23), letting them receive their new vehicle the same day they order it.  “Dozens of...

eCommerce
Giant Food Closes Three eCommerce Facilities as Grocers Rethink Fulfillment
August 23, 2023

As merchants look for ways to improve the margins of online grocery, Giant Food is backpedaling, reportedly closing three delivery fulfillment centers to find a better model. Grocery store chain Giant Food, the Landover, Maryland-based Ahold Delhaize subsidiary spanning 165 stores in the DMV region and Delaware, is...

Banking
Citi Streamlines Retail Offering as Personal Banking Income Grows 11%
August 23, 2023

Citi has introduced a series of new offerings designed to streamline its retail banking business. The new services, announced Wednesday (Aug. 23), come weeks after the banking giant reported a jump in revenue from its personal banking business. Among these services is something called “Relationship Tiers,” which Citi...

eCommerce
Solana Pay Integrates With Shopify to Enable Decentralized Payments
August 23, 2023

Solana Pay, a decentralized payments protocol built on the Solana blockchain network, has integrated with Shopify, offering millions of businesses a new payment solution. This collaboration allows merchants to have real-time access to their funds and greater control over working capital, liquidity and liability protection, the Solana...

B2B Payments
Bold Moves Bring Bright Futures When Firms Embrace Failing Fast
August 23, 2023

Tough decisions are critical to business success, and they don’t get any easier the longer they are put off. “The origin of decide, the Latin etymology, means ‘to cut off,’” Placer.ai Chief Financial Officer Dean Neese told PYMNTS as part of the new series Tough Calls. “It means to...

Investments
Corporate Wellness Platform Gympass Accelerates Expansion With $85 Million Funding
August 23, 2023

Corporate wellness platform Gympass has secured $85 million in Series F funding to accelerate its growth globally. The investment comes as the company increased its customer base in July by 80% to more than 15,000 corporate customers and surpassed 2 million employee subscribers across its network of more than...

Loyalty & Rewards
Station Casinos Teams With Trustly for Open Banking Payments
August 23, 2023

Trustly says it has been named payments provider for Station Casinos’ NFT loyalty marketplace. The open banking payments company announced the partnership Wednesday (Aug. 23), saying it aimed to help the Las Vegas-based Station revamp its loyalty program, STN Charms. “With STN Charms, players now receive digital charms...

B2B Payments
Having the Right Innovations Can Complete the Customer Acquisition Puzzle
August 23, 2023

Business innovation typically follows consumer expectations, and products are nothing without a consumer-market fit. A perfect solution, service or product should be able to be scaled up and commercialized via successful customer engagements, Connatix Chief Financial Officer Joseph Pergola told PYMNTS. “The one thing I’m asked by clients is...

Retail
How Estée Lauder’s 1950s Retail Innovation Wrote Beauty’s Sales Playbook
August 23, 2023

Free items, giveaways, goodie bags, and “gift with purchase” — whatever you choose to call them, all radiate an allure within the retail sphere as they entice consumers into making purchases and exploring new products.  It’s a strategy that has been employed since the mid-20th...