News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Online Grocery Shopping is Growing, But Not as Quickly as Retail
Online Grocery Shopping is Growing, But Not as Quickly as Retail
October 05, 2023  |  eCommerce

Consumers may be engaging more with eGrocery, but the sector continues to grow more slowly than online shopping overall, PYMNTS Intelligence indicates. By the Numbers...

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Grocers Push for Direct Fulfillment Amid Industry’s Digitization
Grocers Push for Direct Fulfillment Amid Industry’s Digitization
October 05, 2023  |  eCommerce

This week in grocery news, Ahold Delhaize USA grocers adopt new direct ordering apps, Ocado reportedly doubles down on automation, and online discount grocer Martie...

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Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
Central Banks, BIS and FI Projects Point to Growing Embrace of Tokenized Deposits
October 05, 2023  |  Banking

The Bank for International Settlements, central banks and traditional financial institutions (FIs) are in the midst of tackling various ways and means of creating and...

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Apple Executive Says Firm Considered Bing Acquisition to Challenge Google
Apple Executive Says Firm Considered Bing Acquisition to Challenge Google
October 05, 2023  |  Apple

Unsealed testimony from an Apple senior vice president has revealed that the tech giant considered acquiring Microsoft’s search engine, Bing, as a potential competitor to Google’s search dominance. This...

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Walmart Promotes Upcoming Deals as It Prepares ‘Holiday Kickoff’ Event
Walmart Promotes Upcoming Deals as It Prepares ‘Holiday Kickoff’ Event
October 05, 2023  |  Retail

Walmart has shared with the public some of the deals it will offer as it works to get a jump on its competitors by helping shoppers...

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27% of CFOs Say They ‘Definitely’ Need More AR Automation 
27% of CFOs Say They ‘Definitely’ Need More AR Automation 
October 05, 2023  |  Accounts Receivable

Chief financial officers (CFOs) are looking at automation to improve their accounts receivable (AR) processes. Sixty-seven percent of CFOs say their firms “probably” need more...

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Constellation Brands: Budget-Strapped Consumers Are Buying Less Alcohol, More Often
Constellation Brands: Budget-Strapped Consumers Are Buying Less Alcohol, More Often
October 05, 2023  |  Earnings

As consumers deal with inflation and other economic challenges, Constellation Brands is seeing shoppers make more frequent alcohol purchases but buying less per trip. The...

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Birkenstock May Struggle to Find Footing in Rocky IPO Market
Birkenstock May Struggle to Find Footing in Rocky IPO Market
October 05, 2023  |  IPO

Birkenstock may need a bigger toe-hold in the direct-to-consumer market before it goes public. That’s according to a Thursday (Oct. 5) report by Reuters, citing comments from...

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AI-Generated Ads Could Damage 2024 Election, Lawmakers Say
AI-Generated Ads Could Damage 2024 Election, Lawmakers Say
October 05, 2023  |  artificial intelligence

A pair of Democratic lawmakers want social media platforms to regulate artificial intelligence (AI)-generated election ads. U.S. Sen. Amy Klobuchar of Minnesota and U.S. Rep. Yvette Clarke of...

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