At the intersection of digital channels and inflationary pressures, consumers are demanding more value from merchants. And it’s not all about price. Banyan CEO Jehan Luth said the great digital shift has shifted the definition of “value,” and merchants need to offer a better value...
We’ve reached a milestone with interest rates — and by extension, retailers may find it tougher to sell their inventories. As the world knows by now, the Federal Reserve boosted the target range for its benchmark interest rate by 0.25%. And we’ve crossed a threshold,...
PacWest Bancorp has reportedly been considering a sale, a breakup or a capital raise. The regional bank has been considering these options, but hasn’t made a decision, as its stock price has fallen after the collapse of three other regional banks, Bloomberg reported Wednesday (May...
Prizeout and Tandem have partnered to boost the purchasing power of couples who split expenses. With this new collaboration, couples who use the expense-sharing app Tandem can choose to “settle up” through Prizeout, where they will see money-saving offers from merchants that are customized for...
MercadoLibre says it’s taking advantage of growth opportunities in Latin America. The Latin American eCommerce giant saw its net revenues rise 58% year over year during the quarter ended March 31, MercadoLibre said in a Wednesday (May 3) letter to shareholders. “MercadoLibre has had a...
As consumers weigh where to buy their groceries, ease and convenience are the top priorities. By the Numbers Research from PYMNTS’ study “Consumer Inflation Sentiment Report: Higher Prices Fuel a Deal-Seeking Competition,” which drew from a survey of more than 2,100 U.S. consumers in February,...
The Federal Trade Commission (FTC) has proposed several restrictions on Meta. Saying the firm has violated a 2020 privacy order issued when it was still called Facebook, the regulator has proposed a blanket prohibition against monetizing data of children and teens under 18 and a...
With restaurant aggregator customers typically ordering from the same few spots, eateries are missing out on a valuable opportunity to build direct digital relationships with consumers. Research from PYMNTS’ study “Connected Dining: Third-Party Restaurant Aggregators Keep the Young and Affluent Engaged,” which drew from a...
BioCatch says investment firm Permira has acquired a “significant” stake in its fraud detection company. The company, which has offices in New York and Tel Aviv, announced Permira’s acquisition Wednesday (May 3), noting it was now BioCatch’s third largest shareholder after Bain Capital and Maverick...
