While Macy’s is making its plans public to enhance its private business, Amazon is reducing its focus on private-label operations. This summer, Macy’s announced its plans to launch four private brands by the end of 2025. The first brand, called “On 34th,” is scheduled to...
South African telecom MTN now counts Mastercard among its investors. The company announced Monday (Aug. 14) that the payments giant had agreed to a minority investment in its FinTech group, valuing that side of the company’s business at $5.2 billion. At the same time, MTN made a commercial agreement with Mastercard...
Have you received an unexpected package lately? It might be from Amazon, Home Depot, or any other retailer you can think of. While receiving an unsolicited package might seem like a pleasant and cost-free surprise, it’s important to keep in mind that nothing truly comes...
Andy McHale, senior director of product and market strategy at Spreedly, told PYMNTS in an interview that in the age of digital commerce, dynamic routing can be key to customers’ loyalty to merchants. And to get there, it helps to differentiate payments orchestration from payments optimization....
TikTok is apparently attempting to integrate with Lemon8, its sister social media platform. That’s according to a report Friday (Aug. 11) by TechCrunch, citing information by product intelligence company Watchful.ai. The collaboration appears to involve TikTok creating a feature that lets users sync Lemon8 posts to TikTok, and...
Is Amazon’s palm payments method a serious challenger to Apple and Google? Or is it a “solution in search of a problem?” A report Friday (Aug. 11) by The Wall Street Journal (WSJ) examines those questions as Amazon prepares to launch its Amazon One palm scanning payment method at more than...
Food meets apparel. It’s an interesting twist that many restaurants, specifically quick-service-restaurants (QSRs), have pursued in a bid to diversify their offerings, tapping into a wider audience and expanding their reach. QSRs are looking to engage customers beyond their dining tables or screens, and fashion...
It has been a failure to launch for business travel coming out of the pandemic. The year 2019 is still the one to beat from a profit and volume standpoint, but many airlines and third-party firms are debuting a new strategy to spur growth: targeting...
Enterprise blockchain and crypto solutions provider Ripple is among the members of a cross-border payments task force recently formed by the Bank for International Settlements (BIS). As part of the cross-border payments interoperability and extension task force, Ripple will work with other organizations, including Mastercard and SWIFT, in fulfilling BIS’ goal to “enhance cross-border...
