New York Community Bancorp (NYCB) shares closed down 38% Wednesday (Jan. 31) following its announcement of a dividend cut and an unexpected loss. This news surprised investors who had considered NYCB one of the winners of the 2023 crisis that saw the downfall of Signature Bank,...
Temu reportedly spent $3 billion in 2023 on online advertising in the United States for its eCommerce marketplace. This move by Temu, which was introduced to the U.S. by Shanghai-based eCommerce giant PDD Holdings in September 2022, positions it as one of the largest online advertisers in the...
When it comes to rewards preferences, older generations tend to want to receive perks for their grocery and restaurant spending, but they don’t necessarily want to be rewarded for many other kinds of purchases. By the Numbers The PYMNTS Intelligence report “The Credit Economy: The...
Shopify plans to expand its range of artificial intelligence (AI)-powered tools for sellers to include a media editor and a commerce assistant. These are among more than 100 updates the company will add to its eCommerce platform, Shopify said in a Wednesday (Jan. 31) product news release....
Biometrics startup Incognia has raised $31 million to develop its location identity offerings. The funding, announced in a Wednesday (Jan. 31) press release, will also help the company expand its presence in North America, Europe, Africa and the Middle East, while also delving into the consumer internet, financial services...
Car buying is increasingly moving online, and scammers who target car buyers are following suit. With that in mind, Experian has debuted Fraud Protect, a tool to help auto dealers detect and prevent fraud attempts against their customers. “As fraudsters become more sophisticated and opportunistic, automotive dealers need to...
More than 80 years ago, Winston Churchill said war would be waged on multiple fronts: the beaches, the fields, the streets and in the air. In today’s digital age, the battle for eCommerce is waged, similarly, across several areas of engagement — the online search,...
Metronome has secured $43 million in a Series B funding round to simplify and streamline usage-based billing for Software-as-a-Service (SaaS) companies. The company aims to address the challenges faced by businesses in building and maintaining usage-based and subscription billing infrastructure, Metronome said in a Wednesday (Jan....
TikTok and GoTo, the largest digital ecosystem in Indonesia, announced the formation of a strategic partnership in Indonesia. With this deal, GoTo’s eCommerce company Tokopedia and TikTok Shop Indonesia have combined under the PT Tokopedia entity that is now jointly owned by GoTo and TikTok, the companies said in a Wednesday...
