Elon Musk has reportedly outlined his vision for Twitter: a $250 billion payments company. As The Wall Street Journal (WSJ) reported Saturday (April 1), Musk recently told his employees he sees Twitter’s current value of around $20 billion ballooning to more than 10 times that...
Finverity has raised $5 million to expand its trade and supply chain finance technology. The United Kingdom-based firm will use the new funding to increase its headcount from 40 to 60, meet the demand for its solutions, and finish opening its offices in Dubai, Poland and...
This week in grocery, Kroger, Natural Grocers and Giant Eagle all step up personalization efforts. In a ShopTalk 2023 discussion, Yael Cosset, Kroger’s chief information officer and senior vice president, spoke to the company’s data efforts, per an announcement Wednesday (March 29). “Investment in data and innovation during the last two decades...
Storing payment credentials is a practice increasing by leaps and bounds from streaming services to food delivery, with PYMNTS research finding that 60% of consumers on average store payment credentials. The question is, whom do they truly trust with these credentials? Examining this in the...
Investors are rapidly shifting their assets into money market funds. They moved $508 billion into these cash funds during the first quarter of 2023, the largest amount to be moved into these funds in a single quarter since the start of the pandemic three years...
Influencer marketing platform LTK now enables brands to deliver social media advertising from content creators’ accounts. In pilot programs completed before the general launch of this new LTK Boost offering, brands saw click through results that were 80% greater than social media averages and sales...
Omnichannel commerce has been a work in progress stretching across decades. Adding digital capabilities to on-premise, brick-and-mortar activities has proven to be a hit-or-miss process. In the past, retailers used technology in a “bolt on” fashion. Websites didn’t connect fully to the brick-and-mortar settings to...
When it comes to the fight for consumer spending, especially retail consumer spending, the two giant retailers Amazon and Walmart are immersed in a fierce head-to-head battle where one’s winnings are another’s losses. But in this competition to increase sales and win consumers’ loyalty, the...
Although Europe lacks a pan-regional scheme to rival international card networks, building and igniting one means giving consumers and merchants a reason to get on board — something that is lacking today, says Gijs Boudewijn, general manager at the Dutch Payments Association. “There is hardly...
