The Federal Trade Commission (FTC) reportedly unveiled details of a lawsuit against Amazon Thursday (Nov. 2), accusing the eCommerce giant of employing strategies to enhance its profits. The FTC alleges that Amazon used a secret algorithm, internally known as “Project Nessie,” to raise prices for specific products, resulting...
Shopify, a leading provider of software and services to online sellers, has been turning to artificial intelligence (AI) to give its merchants a competitive edge. When the company reports results on Thursday (Nov. 2), investors will be looking to see if these tools will drive...
European digital bank N26 has integrated the popular local payment service iDEAL into its banking experience in the Netherlands. This move aims to enhance the banking experience for N26 customers in the country by providing a seamless and localized payment solution, the company said in a Thursday (Aug. 24) press release. With...
Phillips, an auction house known for handling the work of up-and-coming artists, is reportedly entering the world of eCommerce. The house will begin selling fine art directly to collectors through its new online platform, Dropshop, on Aug. 20, Bloomberg reported Monday (Aug. 7). The launch is part of...
September 05, 2018
As Sam Cooke sang: “It’s been a long time comin’ … but I know a change is gonna come.” Commerce changes slowly, at a glacial pace, it seems, until — all of a sudden — things are different. Aisles give way to clicks, and cash gives way to plastic, which gives way to digital wallets … and […]
August 27, 2018
It is often a flexible, rarely precise concept, around which centuries of philosophical, political and artistic debates have revolved: trust. In business (specifically digital business that relies on consumer data),...
August 24, 2018
There’s a lot of sizzle in marketplaces. In fact, they have made tiny businesses into big ones, as even the tiniest one-man operation can gain the chance to jump from a...
August 23, 2018
Commerce is everywhere, which means barcodes are everywhere. Smart devices? They’re everywhere, too. Internet of Things (IoT) — well, by now, everything is going to be connected, or is already....
November 09, 2023
Meta has unveiled a feature that enables Facebook and Instagram users to connect their accounts with Amazon for a seamless shopping experience. This move aims to keep users within the apps while making purchases on Amazon, eliminating the need to navigate away from their feeds, CNBC reported Thursday (Nov. 9). Reached by PYMNTS, an Amazon spokesperson provided an emailed statement: “For the first […]
November 02, 2023
The Federal Trade Commission (FTC) reportedly unveiled details of a lawsuit against Amazon Thursday (Nov. 2), accusing the eCommerce giant of employing strategies to enhance its profits. The FTC alleges that Amazon used...
November 01, 2023
Shopify, a leading provider of software and services to online sellers, has been turning to artificial intelligence (AI) to give its merchants a competitive edge. When the company reports results...
August 25, 2023
European digital bank N26 has integrated the popular local payment service iDEAL into its banking experience in the Netherlands. This move aims to enhance the banking experience for N26 customers in the country by providing a...
