News

Retail
Apple Retail Preps for Home Delivery
July 24, 2023

Apple retail stores are gearing up to provide a home delivery service for customers. The company is developing a new mode of delivery known as EasyPay Online Ordering, Bloomberg reported Sunday (July 23). It will enable customers to make in-store purchases and have their products delivered to their...

Faster Payments
TCH Reports RTP Network Has Topped Half a Billion Instant Payments
July 24, 2023

The Clearing House (TCH) has reported that its RTP instant payments network surpassed the 500 million payment milestone on Saturday (July 22). The RTP network has been providing instant payments to millions of consumers and businesses for more than five years, TCH noted. The RTP...

Payment Methods
Mastercard Debuts Receivables Manager as Virtual Card Use Increases
July 24, 2023

Mastercard has launched a tool designed to streamline virtual card payments. The company’s Receivables Manager, announced Monday (July 24), comes at a time when businesses are turning to virtual cards to replace paper-based payments. “However this shift towards emerging tech has also left accounts receivable teams...

Payment Methods
Consumers ‘Leading the Way’ on Real-Time Payments, According to Bank of America
July 24, 2023

As consumer behavior goes, the corporate response follows. Miyoshi Lee, head of U.S. real-time payments at Bank of America, told PYMNTS that consumers have become used to instant gratification. That’s setting the stage, she said, for faster payments — and, specifically, instant payments — to...

Retail
Walmart+ Week Shoppers Went for Groceries; Amazon Prime Members Went for Everything Else
July 24, 2023

What happens when you throw a party and nobody comes? Certainly, it can be a disappointing and disheartening experience — yet still it presents an opportunity to learn, grow and find new ways to connect. Although that is not exactly what happened with Walmart+ Week,...

Payment Methods
MONEI CEO Says Click to Pay Poised to Gain Ground in Europe
July 24, 2023

According to Alex Saiz Verdaguer, founder and CEO of MONEI, Click to Pay is set to find wider berth in Europe. Discover® Global Network recently struck a partnership with MONEI, where the latter is taking on the role of secure remote commerce (SRC) initiator, enabling...

Social Commerce
Musk to ‘Bid Adieu’ to Twitter’s Longtime Bird Logo
July 23, 2023

Twitter’s iconic bird logo could soon fly the coop. Owner Elon Musk said Sunday (July 23) that the social media platform would soon swap the blue bird that’s been its symbol since its inception to an “X.” “If a good enough X logo is posted tonight,...

Retail
Champagne Sales Fizzling as Sober Bars Spark
July 22, 2023

In-person events are a thing now, with COVID-19 in our rear-view mirror. But with consumers celebrating occasions together once more, why are Champagne sales down? Whether the pandemic has played a role in this shift, or if younger generations are emphasizing health and wellness over...

Payment Methods
Rising Use of Amex Cards Shows Credit Appeals to Savvy Younger Consumers
July 21, 2023

Younger consumers — Gen Z and millennials among them — boosted American Express’ results, as disclosed on Friday (July 21). But beyond the confines of an earnings report, the continued embrace of the cards out in the field in a landscape where 73% of millennials...