On the surface, Flip, a shopping social network, provides consumers with brutally honest reviews — an element of the shopping experience that has been scarce in the retail industry. But that’s what TikTok’s for, right? Generation Z craves anything with an authentic baseline and isn’t...
Bed Bath & Beyond is reportedly within days of declaring bankruptcy following a failed fundraising effort. A Chapter 11 filing by the struggling home goods retailer could come as soon as this weekend, The Wall Street Journal (WSJ) reported Wednesday (April 19), citing sources close...
Expectations for faster payments are rising, thanks to increased banking innovation and accelerated eCommerce adoption. As the United States readies for the Federal Reserve’s FedNow Service rollout, the speed of payments is moving toward instant transactions. Speed-seeking consumers are growing used to the added convenience...
SeatGeek has reportedly filed confidentially for an initial public offering (IPO). The event ticketing firm is making the move as people continue to return to concerts and sporting events after the pandemic, and it expects its revenue to top $500 million this year, The Information...
The Consumer Financial Protection Bureau (CFPB) has told lawmakers that it suffered a data breach. A CFPB employee, who no longer works there, forwarded to a personal email account personal information on 256,000 consumers and confidential supervisory information on 45 financial institutions, The Wall Street...
Restaurant aggregators’ audiences are skewed toward younger consumers by a wide margin, PYMNTS data reveals. By the Numbers Research from PYMNTS’ new exclusive report “Connected Dining: Third-Party Restaurant Aggregators Keep the Young and Affluent Engaged,” which draws from a survey of narly 2,300 United States...
NICE Actimize has added Suspicious Activity Monitoring (SAM-10) to its Anti-Money Laundering (AML) solutions. The new SAM-10 features artificial intelligence (AI)-based AML transaction monitoring and multilayered analytics to detect more suspicious activity, reduce false positives and complement the company’s other AML solutions for financial institutions,...
Even the largest ultrafast grocers are taking a hit as economic challenges rack the industry. Now, even Turkey-based multibillion-dollar quick-commerce firm Getir, which seemed to have largely escaped the challenges that other players in the space have faced, has been dealt a major blow. On...
Toshiba Global Commerce Solutions has opened a new center to provider retailers with enhanced intelligence. The company on Wednesday (April 19) announced the launch of its Global Services Command Center at its headquarters in Durham, North Carolina. “The ‘mission control’ site for the company’s Proactive...
