As grocery slowly catches up to other retail categories in digital adoption, Thrive Market is seeing mobile gain share. In an interview with PYMNTS following the online grocer’s recent launch of Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) acceptance, Thrive Market Co-founder and...
Digital insurance platform Lemonade said artificial intelligence helped it improve its loss ratio. The figure, the ratio of losses to premiums earned, improved by 12 points year over year, the company said in a Tuesday (Feb. 27) letter to shareholders announcing quarterly earnings results. “Our...
Wendy’s wants diners to know it’s not raising prices, despite what they may have heard. When reports emerged recently that the fast-food chain was going to test dynamic pricing — or surge pricing, the practice of hiking prices when demand is at its highest level — a social...
For online car platforms, the road to profitability has been volatile and oftentimes elusive. “Inventory’s been lumpy, aging and — in the age of (still) high interest rates — tough to afford for many consumers, as the spate of recent earnings reports from the online...
Backpack, a cryptocurrency exchange led by former FTX and Alameda Research employees, raised $17 million. The Series A funding round values Backpack — whose offerings also include a crypto wallet and NFT collection — at $120 million, Bloomberg reported Wednesday (Feb. 28). Members of the...
With consumers increasingly expecting their shoppable media experiences to flow more seamlessly between entertainment and commerce, traditional shopping networks such as HSN and QVC are seeing revenue declines. Qurate Retail, parent company of QVC, HSN and other brands, reported in its fourth-quarter and full-year 2023...
Mastercard is preparing to launch a new digital account opening experience for select U.S. debit and prepaid products. The program will use open banking solutions to streamline and secure the account opening process, Mastercard said in a Wednesday (Feb. 28) press release. It is expected...
Is the tide turning in America’s war on money laundering? Writing in the Financial Times Tuesday (Feb. 27), Casey Michel of the Human Rights Foundation argues that the U.S. has made a concerted effort to stop being a “vector” for global money laundering and offshore financing....
Creativity is inherent to the media industry and crucial to understanding the industry’s openness to and enthusiasm for experimentation and innovation. Its mission to offer engaging content also drives it to explore ways of enhancing creative capabilities while simultaneously streamlining elements of production processes, reflecting...
