News

Retail
GNC Adds Free Healthcare Products and Services to Loyalty Program
July 20, 2023

GNC has added free healthcare products and services to its loyalty program. With the new GNC Health added to the upgraded GNC PRO Access membership, which has a fixed fee of $39.99 per year, customers can now receive access to free telehealth appointments, 40 generic versions of urgent care medications...

Retail
Macy’s, Nike Launch Inclusive Fits for Decreased Returns
July 20, 2023

If a coat or a pair pants were tailored to your body, what’s the likelihood of you returning it? Probably slim. But what if tailoring wasn’t an option and relying on what the retail industry has to offer for your body type was the only...

Retail
Kim Kardashian’s Skims Captures $4 Billion Valuation
July 20, 2023

Kim Kardashian’s business empire is now worth $4 billion more. The influencer/mogul’s apparel company Skims has been valued at $4 billion following a $270 million funding round, The New York Times reported Wednesday (July 19). “It has grown quickly, and we’re so proud of that,” Kardashian told the newspaper....

Retail
How ‘Get the Look’ Contextual Commerce Drives Product Discovery and Conversions
July 20, 2023

As artificial intelligence (AI) runs rampant in the retail industry, augmented reality (AR) solutions, high-quality imagery, relevant product recommendations and all attempts to get personalized are ramping up — making uber personalization the new normal.  One element to personalization on eCommerce that often gets overlooked...

Delivery
DoorDash Beats Out Uber Eats and Grubhub in Food Delivery Race
July 19, 2023

Much like other highly competitive sectors, the aggregator market is dominated by the top three leaders and then the rest when it comes to usage. A closer look, however, reveals that over the past year, the three leaders — DoorDash, Uber Eats and Grubhub — have...

Faster Payments
Payments Execs Debate the FedNow Launch: Instant Uptake or Tough Slog Ahead?
July 19, 2023

And now comes the real test. Almost four years ago, the Federal Reserve announced that it would develop a “round the clock real time payment and settlement service” that would underpin faster payments. Enabling the instant transfer of funds 365/24/7 is, and has been, a...

Cross Border Commerce
TerraPay and Safaricom Team on Cross-Border Payments
July 19, 2023

Payments infrastructure TerraPay has launched a cross-border remittance partnership with Kenyan telecommunications firm Safaricom. The collaboration, announced Wednesday (July 19), will operate through TerraPay’s remittance provider Mobex and let more than 30 million M-PESA mobile wallet-holders in Kenya send real-time payments to Bangladesh and Pakistan,...

eCommerce
DRINKS CEO: Alcohol eCommerce Market Poses Multibillion-Dollar Opportunity
July 19, 2023

As consumers increasingly turn to eCommerce platforms to get their day-to-day needs met alcohol remains largely left out of the digital shift, leaving a significant opportunity for those that can navigate the tangle of rules and regulations. In an interview with PYMNTS, Zac Brandenberg, co-founder and...

Banking
Banks Losing Net Interest Income as Big Deposits Look Elsewhere
July 19, 2023

America’s banks are under increasing pressure as their corporate and institutional clients seek greater rates on deposits. It’s a situation that is putting a strain on banks’ profit margins and a sign that lenders will have a tougher time generating revenue as monetary policies tighten,...