In today’s top news, merchants will now be able to use Walmart’s tech solutions, and Visa’s earnings revealed a rebound in consumer spending. Plus, Apple’s latest earnings report beat expectations.
Walmart To License Its Digital Tech
Walmart will offer businesses and brands the use of some of its technologies. The retailer also teamed up with Adobe to integrate Walmart’s Marketplace, eCommerce and in-store fulfillment and pickup technologies with Adobe Commerce, which offers solutions for merchants.
Visa Payments Volume Up 34 Pct, With Debit ‘The Engine Of Cash Digitization’
Visa’s third-quarter earnings report revealed an uptick in consumer and business spend. Payments volume grew 34 percent to $2.7 trillion, and while credit is slowly increasing — just above pre-pandemic levels — debit spending is about 140 percent of pre-pandemic levels.
Apple’s Paid Subscriptions Hit 700M; Up 150M Since Last Year
It wasn’t just a good third quarter for Apple, but was, in fact, its best ever as the tech giant blasted past analyst forecasts for revenue, earnings, iPhone sales and services that saw Apple nearly double its profits.
Rising Ad Spend On YouTube, Search, Shopping Drive Record Q2 Results At Google
In its second-quarter earnings report, Alphabet booked its highest revenues ever, hauling in a total $61.9 billion boosted by consumer online activity and advertising spend.
NEW DATA: Two-Thirds Of Consumers Find Restaurant Rewards Impersonal
When done right, loyalty programs are a proven driver of increased restaurant spending. When done wrong, two-thirds of consumers say they are left feeling flat and frustrated due to the impersonal nature and lack of mobile features. PYMNTS’ new Delivering On Restaurant Rewards report has the details.
Twitter’s Social Commerce Ambitions Expose Need For Better ID Verification, Biometrics
As social media sites transform from messaging platforms to payment-processing social commerce hubs, Twitter’s Sudan Sethuramalingam updates PYMNTS on his company’s push to boost biometrics to improve identity and security. You’ll find that, and more, in the latest Future Of Identity Report.
Tesla’s Revolving Bitcoin Acceptance Policy Comes With Accounting Headaches
Tesla’s impact from the flow and fluctuation of the bitcoin it carries on its balance sheet may have been modest this quarter, but volatility and pending regulatory changes could increase the cost and diminish the benefits of large public companies dealing in anything but dollars.
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