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.

Canadian Retailer Hudson’s Bay Splits In-Store, eCommerce Sales Into 2 Businesses
Canadian Retailer Hudson’s Bay Splits In-Store, eCommerce Sales Into 2 Businesses
August 12, 2021  |  Retail

Hudson’s Bay on Thursday (Aug. 12) announced the separation of its business into separate entities, one for in-store sales and another for eCommerce, as part...

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Amazon Trending Toward $120B Spending On US-Based Supplies And Services This Year
Amazon Trending Toward $120B Spending On US-Based Supplies And Services This Year
August 12, 2021  |  Amazon

Amazon could spend more than $120 billion on supplies and services from more than 200,000 U.S.-based businesses this year, from electric vehicle manufacturers to cardboard...

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Data Is The Oil For Revved-Up eCommerce Car Sales
Data Is The Oil For Revved-Up eCommerce Car Sales
August 12, 2021  |  Data

Data, they say, is the new oil. More specifically, data is the new oil that powers the engine behind eCommerce car sales. Get the Full Story...

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eBay Transformation Runs Up Against Increased eCommerce Competition
eBay Transformation Runs Up Against Increased eCommerce Competition
August 12, 2021  |  Retail

Three months into his job as eBay CEO in July 2020, Jamie Iannone laid out a plan for eBay to become “the best global marketplace...

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New Research Shows Instant Authentication Key To Open Banking Success
New Research Shows Instant Authentication Key To Open Banking Success
August 12, 2021  |  Banking

Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

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Report: Crypto Exchanges Turn To Sanction Screening, Transaction Monitoring To Root Out Cybercrime
Report: Crypto Exchanges Turn To Sanction Screening, Transaction Monitoring To Root Out Cybercrime
August 12, 2021  |  AML

The past year has ushered in record growth for the eCommerce industry. Consumers around the globe are going online to buy everyday essentials and more...

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Coupang Keeps Eye On Expanded Offerings Despite Near-Term Trouble
Coupang Keeps Eye On Expanded Offerings Despite Near-Term Trouble
August 11, 2021  |  Earnings

While U.S. eCommerce growth rates descend with consumers doing more shopping in stores, South Korean eCommerce platform Coupang is benefitting from a spike in COVID-19...

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Vroom eCommerce Sales Jump 172 Pct As Data Enables Lower Prices, Rapid Turnover
Vroom eCommerce Sales Jump 172 Pct As Data Enables Lower Prices, Rapid Turnover
August 11, 2021  |  Earnings

Vroom posted results that showed continued traction in buying and selling vehicles online, particularly through the platform model. Get the Full Story Complete the form...

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With Resale Booming, Platforms Get Aggressive About Attracting Consumers
With Resale Booming, Platforms Get Aggressive About Attracting Consumers
August 11, 2021  |  Retail

The secondhand market continues to boom, as resale platforms Poshmark and thredUP reported in separate earnings announcements on Tuesday (Aug. 10), with both companies doubling...

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