The digital age might make the bank run a bit like a flash mob. For those of us less than up to date on the concept, a flash mob is what happens when emails, tweets or other electronic activities spur large groups of people to...
J.P. Morgan says it will begin testing biometric-based payments at some U.S. retailers. The pilot program, announced Thursday (March 23) includes palm and face identification to approve in-store transactions and comes at a time when consumers are increasingly embracing biometrics for authentication. “J.P. Morgan Payments’...
Luxury resale platform Kream has secured $168 million in a Series C funding round, valuing the company at approximately $742 million, doubling its previous value of $306 million as of October 2021. Kream’s total funding to date is now over $266 million, according to TechCrunch on Friday (March 23). ...
Levi Strauss & Co.’s focus on digital now extends to the models wearing its jeans. The clothing retailer announced Wednesday (March 22) it was working with Lalaland.ai, a Dutch digital fashion studio that makes customized models generated by artificial intelligence (AI), allowing shoppers to see...
Block saw its stock tumble Thursday (March 20) after a short seller accused it of misleading investors. A report by Hindenburg Research, which the firm said is the result of a two-year investigation, said the payments company inflated the user base of its Cash App...
Flash has launched an email domain designed for online shoppers. By downloading the Flash app and establishing an @flash.co email account, shoppers can keep their inbox free of emails that aren’t related to their purchases and related information, view order tracking, get spam protection and...
In a bid to double its sales, candymaker Mars is upping its focus on pets. The maker of brands such as Snickers and M&Ms now derives 20% of its revenue from its pet care business, the Financial Times (FT) reported Thursday (March 23) in a...
American Express and payments firm Cuscal have teamed to help Australian customers repay charges in minutes. The partnership, announced Thursday (March 23), involves what American Express (Amex) says is the first card bill PayID service in Australia, using the country’s New Payments Platform (NPP) real-time...
Following a 15% increase in beauty and perfume sales last year, luxury fashion house Hermès is expanding its beauty category with all-new products. The luxury retailer noted that today, its perfume segment only contributes 4% of the total revenue, with leather goods reportedly making up...
