March 16, 2023
Inflation and Double-Digit Volume Declines Push FedEx to Realign Its...
In the face of macro headwinds, FedEx is pulling on the operational levers it can pull. And that involves throttling back on some operations — including air and international activity....
March 16, 2023
Corporate Card Startup Parker Emerges From Stealth
Parker has emerged from stealth with a corporate card offering net terms and higher limits. The startup emerged with $157 million in equity and debt funding, much of which was...
March 16, 2023
Deliveroo’s Layoffs Speed Food Delivery Firm’s Path to Profitability
Shortly after announcing widespread layoffs, Deliveroo has pulled ahead of its profitability goals. The United-Kingdom-based multinational aggregator reported in its full-year 2022 financial results Thursday (March 16) that it is...
March 16, 2023
SVB’s Failure Could Doom Affordable Housing Projects
Silicon Valley Bank’s collapse could have grim implications for Bay Area affordable housing projects. While the bank was known for funding tech startups, it also invested more than $2 billion...
March 16, 2023
Amazon Sets 2024 Launch Date for Internet-From-Space Broadband Service
The prospects for global broadband connectivity are looking up, quite literally. This, as Amazon on Tuesday (March 14) revealed a first look of the latest progress in its planned constellation network of...
March 16, 2023
SVB Collapse May Be the Final Nail in Boxed’s Coffin
Boxed may file for bankruptcy as the SVB collapse exacerbates existing economic challenges. The bulk eCommerce grocer and retailer (which also has a software and services arm) stated in a recent 8-K...
March 16, 2023
StoryStream Taps Into Video Commerce Trend With Live Shopping Tool
Visual commerce platform StoryStream is tapping into a growing consumer demand for live video shopping. The London-based company announced the launch of its video shopping tool Thursday (March 16), saying...
March 16, 2023
Stripe Valued at $50 Billion Following New Funding Round
Stripe has raised $6.5 billion in a funding round that values the payments firm at $50 billion. The valuation, announced by the privately-owned company Wednesday (Mar. 15), is down from...
March 15, 2023
Grocers Capitalize on Americans’ Love of Curbside Delivery
Curbside pickup is popular with U.S. consumers, and grocers are seizing on the sales opportunity. The Context United States grocers are doing everything in their power to expand curbside availability....
The U.S., U.K. and Europe are intensifying their efforts to develop and deploy the policies and infrastructure necessary to advance the use cases and real time payments volume of their domestic networks. This month’s “Real-Time Payments World Map,” a collaboration with The Clearing House, explores the progress and future developments of real-time payments across these regions.
The United Arab Emirates boasts a robust digital market, with 89% of retail shoppers leveraging digital tools in physical stores and the second highest ranking in customer satisfaction among the six countries studied. A new 31-page PYMNTS Intelligence report, “2024 Global Digital Shopping Index: UAE Edition,” commissioned by Visa Acceptance Solutions, examines the state of digital shopping in this country where merchants are challenged to keep pace with shopper’s digital needs.