ecommerce

eCommerce (also known as electronic commerce) is a process of buying and selling of products or services, making money transfers, and transferring data over an electronic medium (Internet). This network allows people to do business with no barrier of distance and time.
FBI: More Than $12 Billion Lost to Online Fraud in 2023
FBI: More Than $12 Billion Lost to Online Fraud in 2023
April 08, 2024  |  Security & Fraud

American consumers and business owners lost a record $12.5 billion last year to online scammers, marking a 22% spike in cybercrime over 2022, according to...

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Klarna Boosts Profits With ChatGPT as BNPL Firms Tap AI
Klarna Boosts Profits With ChatGPT as BNPL Firms Tap AI
April 08, 2024  |  Buy Now Pay Later

Klarna is seeing generative artificial intelligence improve its margins, as buy now, pay later (BNPL) firms turn to new digital capabilities to address their profitability challenges....

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Consumers Want to Buy Retail Products via a Super App
Consumers Want to Buy Retail Products via a Super App
April 08, 2024  |  Consumer Insights

The majority of consumers in the United States and Australia want the option to buy retail products online from a single, unified platform that spans...

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The Vitamin Shoppe COO: Rise of Click-and-Mortar™ Is Transforming Wellness Retail
The Vitamin Shoppe COO: Rise of Click-and-Mortar™ Is Transforming Wellness Retail
April 08, 2024  |  Retail

As retailers adapt to consumers’ increasingly digitally integrated lifestyles, The Vitamin Shoppe is targeting its offerings to today’s Click-and-Mortar™ shoppers. Most of the company’s customers are engaging across digital...

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3DS 2.0 Demands More Attention as Fraud Defense From Issuers and Merchants
3DS 2.0 Demands More Attention as Fraud Defense From Issuers and Merchants
April 08, 2024  |  Security & Fraud

Dewald Nolte, chief strategy officer at Entersekt, said 3-D Secure (3DS), the security protocol that was refreshed seven years ago, is an essential tool in fighting...

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Lack of BNPL Threatens Bridge Millennials’ Brand Loyalty
Lack of BNPL Threatens Bridge Millennials’ Brand Loyalty
April 05, 2024  |  Buy Now Pay Later

With consumers forced to make budgeting decisions amid ongoing economic challenges, older millennials and younger Generation X consumers are seeing buy now, pay later (BNPL)...

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Funds Pour in for D2C Wine as Millennials Seek Boozy Subscriptions
Funds Pour in for D2C Wine as Millennials Seek Boozy Subscriptions
April 05, 2024  |  Subscriptions

With younger generations getting more of their day-to-day needs met via direct-to-consumer (D2C) subscriptions, investors are backing eCommerce wine platforms by the millions. Most recently,...

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Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
April 05, 2024  |  eCommerce

Vroom completed the previously announced wind-down of its eCommerce and used vehicle dealership businesses. The company ended transactions through vroom.com, completed previously contracted transactions, sold “substantially all”...

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Nearly 41% of UK Consumers Are Considered ‘Digital Enthusiasts’ 
Nearly 41% of UK Consumers Are Considered ‘Digital Enthusiasts’ 
April 05, 2024  |  Consumer Insights

In compiling the “U.K. Edition of the 2024 Global Digital Shopping Index,” PYMNTS Intelligence found that when compared to consumers in other regions, U.K. consumers...

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