As on-demand delivery aggregators look to automation to reduce labor costs, Uber sees the opportunity to roll out autonomous sidewalk robots in dense cities worldwide — but only for certain kinds of orders. In an interview with PYMNTS, Noah Zych, Uber’s global head of autonomous mobility...
Regions Financial is shortening the tenors of certificates of deposits (CDs). This is part of an effort by the bank to manage deposit costs in preparation for the Federal Reserve to start cutting interest rates, Seeking Alpha reported Wednesday (Feb. 21), citing comments made by Regions Financial Chief...
Consumers’ hesitancy to buy themselves nice things amid ongoing economic challenges is taking a hit on Etsy. Now, the eCommerce marketplace is turning its focus to gifting, where many are still willing to be generous. The company reported Wednesday (Feb. 21) in its fourth quarter...
For eCommerce giants — Walmart, Amazon and Shopify are among the most visible examples — the continued surge in online shopping has given momentum to efforts to craft merchant marketplaces. Earnings reports from these companies show that more merchants are taking advantage of fulfillment services...
Roblox game developers earned a record $741 million in 2023. This marks an increase of roughly 19% from the previous year, Bloomberg reported Wednesday (Feb. 21), citing a Roblox filing with the Securities and Exchange Commission (SEC). Since its inception in 2006, Roblox has provided a platform for developers to create millions...
As merchants look to attract eCommerce customers, offering a simple, convenient checkout journey can be key to shopper acquisition and loyalty. By the Numbers For the study “The Online Features Driving Consumers to Shop With Brands, Retailers or Marketplaces,” PYMNTS Intelligence surveyed more than 3,500...
Spektr came out of stealth and announced it raised 5 million euros (about $5.4 million) in a seed round. The company offers advanced automation for compliance teams worldwide and can “turn ongoing due diligence into a revenue-generating asset for compliance,” according to a Wednesday (Feb....
According to data from Counterpoint Research, U.S. consumer demand for smartphones fell 10% in January. Budget-constrained consumers are waiting longer to upgrade their mobile devices, and U.S. smartphone sales last month were nearly half of the record levels during the same period in 2017, the research...
Simetrik, a B2B financial automation platform founded in Colombia in 2019, raised $55 million in a Series B funding round. The new capital will help strengthen the company’s position in the evolving financial sector and expand its global reach, Alejandro Casas, the company’s co-founder and...
