Temu Parent’s Merchandise Sales Fall 29% Amid China’s Slow Recovery
Temu Parent’s Merchandise Sales Fall 29% Amid China’s Slow Recovery
March 20, 2023  |  Retail

China’s PDD Holdings is the latest company feeling the effects of the country’s COVID recovery. On Monday (March 20), the eCommerce firm released quarterly and full-year earnings showing its...

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Small Retailers Fall Behind Enterprises in Digital Features and Shopping Experiences
Small Retailers Fall Behind Enterprises in Digital Features and Shopping Experiences
March 20, 2023  |  Retail

According to new research, small and medium-sized businesses (SMBs) must embrace the shift to digital features more deeply if they hope to stay relevant and...

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Aéropostale to Launch Immersive Shopping and Perks in Metaverse
Aéropostale to Launch Immersive Shopping and Perks in Metaverse
March 20, 2023  |  Retail

Aéropostale has partnered with MetaversePlus to offer immersive shopping, socializing and gaming in the metaverse. The first of four major phases of the fashion retailer’s...

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Rite Aid Teams With Amazon to Offer 2-Hour Delivery
Rite Aid Teams With Amazon to Offer 2-Hour Delivery
March 20, 2023  |  Retail

Amazon has added another retailer to its stable of home-delivery partners. The eCommerce giant has teamed up with pharmacy chain Rite Aid to offer two-hour...

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SVB Parent Wants Access to Bank’s Records
SVB Parent Wants Access to Bank’s Records
March 20, 2023  |  Banking

The parent company of Silicon Valley Bank says it’s been locked out of the lender’s books. SVB Financial, which declared bankruptcy soon after its bank...

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PYMNTS Intelligence: How Organizations Deliver on Faster Payments
PYMNTS Intelligence: How Organizations Deliver on Faster Payments
March 20, 2023  |  News

Real-time payments have reached unprecedented levels of demand over the past five years, yet they are still available to just a small number of businesses...

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Mastercard Bolsters Cybersecurity With Baffin Bay Purchase
Mastercard Bolsters Cybersecurity With Baffin Bay Purchase
March 20, 2023  |  Mastercard

Mastercard has acquired security firm Baffin Bay Networks to help its business clients fend off cyberattacks. Based in Sweden, Baffin Bay “adds to Mastercard’s multi-layered...

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Small Merchants Focus on Digital to Capture Sales From Enterprise Rivals
Small Merchants Focus on Digital to Capture Sales From Enterprise Rivals
March 20, 2023  |  SMBs

Small to mid-sized businesses (SMBs) are sometimes portrayed as the underdogs in a fight against larger companies to win customers. It is said that the...

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Silicon Valley Bank Collapse: A Banking Drama in Three Acts
Silicon Valley Bank Collapse: A Banking Drama in Three Acts
March 20, 2023  |  Digital-First Banking

Amias Gerety, partner at FinTech VC firm QED Investors, watched the collapse of Silicon Valley Bank just like the rest of us. His assessment of...

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