News

B2B Payments
From Transactions to Ecosystems: Reimagining the Future of B2B Payments
October 08, 2024

It wasn’t too many years ago that a monthlong event to discuss issues, trends and opportunities in B2B payments would have been hard to imagine. It was a sector dominated by paper checks and invoices and legacy back-office systems. And at its simplest it was...

eCommerce
Richemont Hands Off YNAP to Mytheresa for $608 Million
October 07, 2024

Cartier owner Richemont is selling its luxury eCommerce platform Yoox Net-a-Porter to online retailer Mytheresa. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Retail
Instacart Says Smart Cart Gamification Features Make Shopping ‘an Adventure’
October 07, 2024

Instacart has added new gamification features to its smart carts, saying they will make grocery shopping “feel like an adventure” and encourage shoppers to earn rewards and credits, earn savings and discover new products. Get the Full Story Complete the form to unlock this article...

Retail
Sam’s Club Prepares to Open First All-Digital Store
October 07, 2024

Sam’s Club is reportedly preparing to launch its first store without checkout lanes. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

CFPB
CFPB Targets Wrongful Car Repossessions and Service Fees
October 07, 2024

The Consumer Finance Protection Bureau (CFPB) says it’s taking action against improper automobile repossessions. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Investments
Zepz Raises $267 Million to Grow Global Cross-Border Remittance Solutions
October 07, 2024

Zepz has raised $267 million in a Series F funding round to continue growing its global cross-border remittance solutions, WorldRemit and Sendwave. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...

eCommerce
TikTok Shop Turns to Storfund to Improve Seller Cash Flow
October 07, 2024

TikTok Shop has teamed with Storfund to offer sellers an embedded cash flow solution. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Artificial Intelligence
AI Explained: Transformer Models Decode Human Language
October 07, 2024

Transformer models are changing how businesses interact with customers, analyze markets and streamline operations by mastering the intricacies of human language. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...

Point of Sale
71% of Merchants Expect Software to Replace Traditional Point-of-Sale Terminals
October 07, 2024

As digital payment technology evolves, software point-of-sale (SoftPOS) solutions are emerging as a transformative force in payments. With the potential to democratize payment acceptance, SoftPOS is set to revolutionize how merchants — both small and large — conduct transactions. Get the Full Story Complete the...