News

Retail
Brands Realize They Can’t Go It Alone, Overhaul D2C Focus 
July 11, 2023

The direct-to-consumer (D2C) playbook really had a moment. It even had staying power through the pandemic as it provided brands with a way to reach consumers directly, bypassing traditional distribution channels and establishing a closer connection with their audience. D2C strategies enabled companies to control...

Retail
Is Resale Losing Its Appeal as Consumers Cut Back on Spending? 
July 11, 2023

Despite being in operation for 12 years, The RealReal has yet to achieve profitability. However, other brands and retailers have observed the popularity of resale and are embracing it. This leads to the question of whether the efforts put into resale initiatives are truly worthwhile.  ...

Payment Methods
Flutterwave Launches Tuition to Pay School Fees in Local Currencies
July 11, 2023

Flutterwave has launched a product to help African students pay school fees when studying abroad and at home. The new payment product, Tuition, will enable African users to conveniently pay fees to educational institutions both within Africa and overseas by using their local currencies, the payments technology...

Regulation
EU and US Reach Much-Anticipated Data-Sharing Accord
July 11, 2023

In a victory for companies like Google and Meta, Europe and the U.S. have reached a data-sharing agreement. The European Commission announced Monday (July 10) the finalizing of the EU-U.S. Data Privacy Framework after concluding that the U.S. offers a level of data protection in line with...

B2B Payments
Company Data Silos Hinder Spend Management Success
July 11, 2023

There exists one golden rule of business operations: Any process can be streamlined. And quite frequently, it can be combined with other operations for a more efficient result. That’s because no matter the method or how long it has existed as status quo, it will...

Retail
Software-as-a-Service Will Simplify Move to Self-Service Checkout, Says LS Retail
July 11, 2023

When consumers are shopping in stores in the post-pandemic age, they seek new checkout experiences that offer the same benefits they’ve grown accustomed to online. Kristjan Johannsson, general manager at LS Retail, told PYMNTS that unified point-of-sale (POS) technologies and software-as-a-service (SaaS) could help bring...

Regulation
Cato Institute: Policymakers Must Tread Carefully When It Comes to Regulating AI
July 11, 2023

Jennifer Huddleston, technology policy research fellow at the Cato Institute, told PYMNTS that regulators must take a careful approach as they examine artificial intelligence (AI). “We’ve seen a sudden advance in AI — and a sudden advance, too, in the conversations about policy surrounding artificial...

Delivery
USPS Steps Up Competition for Small Packages With New Option
July 10, 2023

The U.S. Postal Service (USPS) has launched a new shipping offering designed to let customers send packages within a delivery window of two to five days across the continental United States. The new USPS Ground Advantage is a part of the Postal Service’s 10-year “Delivering America”...

Retail
Walgreens Woos Cautious Consumers With ‘MyW Days’
July 10, 2023

As consumers struggle with high prices, Walgreens is working to woo its loyalty program members. The pharmacy chain on Monday (July 10) announced “myW Days,” a weeklong event — July 23-29 — for members of its myWalgreens program offering rewards and savings on all items in-store, online and...