As consumers step up their engagement with online grocery channels, they have a lot of different options to choose from, ranging from third-party marketplaces to brick-and-mortar grocers’ direct digital channels to digitally native eGrocers. Among all these options, PYMNTS research suggests, grocers’ curbside delivery businesses...
Regulators have grown uneasy about the risk that the cloud poses to the financial system. That’s according to a Thursday (June 15) opinion piece by Gillian Tett of the Financial Times (FT). The piece cited a May U.S. Treasury report that found that 90% of...
A hacking group known as Clop reportedly continues to steal sensitive data from companies around the world. The group — taking its name from the Russian word for “bedbugs” — says it has hacked companies that included the capital management firm Putnam Investments and German...
As fashion brands continue to lean into virtual try-on (VTO) to drive sales and reduce order returns, Google has looked to call dibs within the space with the launch of its artificial intelligence (AI)-driven VTO feature. The new feature provides a competitive alternative as it...
Fast-fashion retailer Shein has expanded its third-party marketplace to include home appliances and smart home products. The extended product categories now include items such as portable washing machines, remote control lighting and a selection of home improvement products like bathroom fixtures and wallpaper, according to...
Historically, businesses have viewed payments vaults as a security and compliance cost of doing business, but with advancements in areas such as tokenization and life-cycle management, vaults can already help merchants save time and money. PYMNTS examines how third-party vault automation can drive new sources...
Consumer expectations have shifted dramatically post-pandemic. People now want the same level of service across all channels, whether shopping online, in a store or via a mobile app. This has led to a growing demand for better omnichannel commerce solutions from large merchants. In a...
Government data pointing to cooling inflation helped buoy FinTech IPO names this past week. Retail sales data Thursday (June 15) showed that consumer spending remains resilient, which helped give the rally some tailwind. For the month of May, retail sales were up 0.3% compared to...
Sometimes it is a selective and focused sales strategy instead of broad appeal that may see overwhelming results. Amazon’s current standing as a player in higher-end fashion sales has been years in the making. In 2016, the company deliberately pivoted past the concept of simply...
