When consumers shop on social media apps, PYMNTS Intelligence research has found, they are often making impulse purchases, buying items that strike their fancy in the moment. By the Numbers The PYMNTS Intelligence report “Tracking the Digital Payments Takeover: Monetizing Social Media,” created in collaboration...
As eCommerce merchants compete to secure couples’ Valentine’s Day spending, Amazon introduced a new option targeting last-minute gifting occasions. The retail giant shared via email that it is adding a “Get it by Tomorrow” filter to its Valentine’s Day Shop, a move to secure the...
Elon Musk offered financial support to a project that aims to use artificial intelligence to read ancient Roman scrolls that were damaged by a volcano’s eruption nearly 2,000 years ago. “Musk Foundation will support this,” he said in a Wednesday (Feb. 7) post on X,...
DoorDash has launched a new delivery agreement with grocery group Ahold Delhaize. The partnership makes an additional on-demand grocery delivery marketplace available to customers of Ahold brands like Food Lion, Giant and Stop & Shop, with service expected to be available to customers of all its brands by March....
Unimarket has launched the “Virtual Mailroom,” a product that automates and simplifies the processing of invoices, whether they are electronic, PDF or paper. The Virtual Mailroom digitizes supplier invoices of all formats and enables customers to process them at a low fixed cost within 48 hours,...
Canadian FinTech Nuvei has launched an enhanced omnichannel payments solution for merchants and platforms. The unified commerce offering, being made available to customers outside of North America for the first time, lets businesses “develop new customer payments experiences with greater control and unified analytics effortlessly,” the company said...
Target is reportedly mulling a paid membership plan similar to Amazon Prime and Walmart+. The new program, known as “Project Trident” within the company, could launch as soon as this year, Bloomberg reported Wednesday (Feb. 7), citing unnamed sources. While the retailer already has its...
New York Community Bank (NYCB) has had its credit rating cut to “junk.” The downgrade late Tuesday (Feb. 6) by Moody’s Investment Services marks the latest setback for the lender, which last week announced a dividend cut and an unexpected loss, leading its shares to...
As companies increasingly set their sights on international markets, the need for a comprehensive understanding of the principles guiding global expansion is becoming increasingly essential. Juan Franco, senior vice president of eCommerce for the Asia-Pacific (APAC) region at Nuvei, highlighted some of these factors in...
