April 27, 2023
Amazon’s Third-Party Seller Services Segment Logs 20% Growth
Amazon’s results showed slowing eCommerce growth, but the firm logged double-digit gains in third-party seller services as it continues to build out its ecosystem. As detailed in the company’s earnings...
April 27, 2023
Mondelēz: Chocolate Sales Jump 18% as Consumers Seek Affordable Comforts
Amid consumers’ economic anxieties, Mondelēz is seeing chocolate sales rise significantly. Chicago-based multinational snack and confectionery giant Mondelēz International, parent company of a wide range of popular brands including Cadbury, Oreo, Ritz, shared in...
April 27, 2023
Mastercard: US Consumers Boost Spending on Credit Cards by Nearly...
Mastercard’s earnings results show that U.S. consumers continue to embrace credit cards for everyday spending. The supplemental materials provided by the payments network showed that gross dollar volumes were up...
April 27, 2023
Global Processing Services Rebrands as Thredd, Aims to Expand
Global Processing Services (GPS) has rebranded as Thredd. The new name reflects the global payments platform’s role in “weaving together” different elements of the payments ecosystem, Thredd said in a...
April 27, 2023
Colombian Regulator Green Lights Avianca-Viva Air Merger
Colombia’s regulator, Aerocivil, has approved the controversial combination of Avianca and bankrupt Viva Air. This merger unites country’s first and third largest airlines. The merger had been delayed by Aerocivil...
April 26, 2023
Consumers Shun Big Purchases as Confidence Falls
Americans are planning fewer vacations and major purchases as consumers prepare for worsening conditions. That’s according to the Conference Board’s monthly Consumer Confidence Index, which fell to 101.3 for April,...
April 26, 2023
Away Luggage Quiets Talks of Buyout, Shifts Focus to Retail...
In February, Away luggage toyed with the idea of selling. Now, it’s expanding its physical footprint with its latest store opening in San Jose, California, this week. See also: Luggage...
April 26, 2023
Interoperability Will Define Winners in a Digital Payments World, Says...
The conventional wisdom may have been that once consumers could get back into the physical world, payments behaviors would revert to pre-pandemic norms. That hasn’t been the case. In fact,...
April 25, 2023
Visa CEO: Tokenized Credentials Grew 90% From Year Ago Levels
Visa’s fiscal second quarter shows that new payment flows and B2B loom large, but plenty of room remains to capture the share of consumer payments as debit and credit spending...
