News

Payment Methods
GoDaddy Bundles Payment Technology and Domains to Create Pay Links
February 23, 2023

GoDaddy has bundled payment technology and domains to create branded pay links. With these new Payable Domains, businesses with a newly registered or existing domain can start accepting payments even if they don’t have a website or an online store or publish content, GoDaddy said in...

Retail
Amazon Invests in Online Grocery as Supermarkets Boost In-Store Tech
February 23, 2023

This week in grocery, Amazon backs an online grocery startup, Giant leverages video and self-checkout evolves. In Amazon’s ongoing efforts to grow its share of perishables, the company has invested in a direct-to-consumer (D2C) company in India, FreshToHome, which sells meat and fish online to delivery to consumers’...

Regulation
Transactive Systems’ Growth Reportedly Slows Upon Bank of Lithuania Review
February 23, 2023

Transactive Systems’ growth has reportedly slowed after the Bank of Lithuania imposed limits on it. The Bank of Lithuania said Jan. 20 that the electronic money institution (EMI), which is licensed by regulators in Lithuania and the United Kingdom, cannot take on new customers or...

Retail
Mytheresa Sees Widening Gap Among Luxury Shoppers
February 23, 2023

For Mytheresa, the high-end retail segment is diverging. This, as the newly listed luxury brand marketplace says it sees a difference between what it calls “aspirational” customers and “wardrobing” shoppers, who frequent its upscale eCommerce site. Where the former saw weakness, the latter saw strength...

Retail
Alibaba’s Growth Slows Due to COVID Disruptions
February 23, 2023

Chinese eCommerce giant Alibaba is still suffering the effects of COVID-19. The company released earnings results Thursday (Feb. 23) showing growth of 2%, a slower pace than its last quarter, as the retailer dealt with the continued impact of the pandemic in China. “We delivered...

Retail
Dollar General Blames Winter Storm for Slowing Q4 Same-Store Sales Growth
February 23, 2023

Dollar General said a December storm kept it from meeting its expected financial results. The retailer said in a Thursday (Feb. 23) press release that its same-store sales increased 5.7% in the fourth quarter, below its previous expectation of 6% to 7%, and increased 4.3%...

Retail
Etsy Continues Search Investments Following Record Revenue
February 23, 2023

Etsy is continuing to upgrade its search function after seeing record revenue during the holidays. The eCommerce marketplace released earnings results Wednesday (Feb. 22) that showed revenues increasing 12.6% in the last quarter of 2022, driven in part by the holiday shopping season. “We had...

Security & Fraud
Report: Mysterious ‘Nevada Group’ Launches Mass Ransomware Attack
February 23, 2023

Hackers dubbed the “Nevada Group” have reportedly launched one of the largest ever ransomware attacks. The goal of the as-yet-unidentified group is to paralyze computer networks of nearly 5,000 victims in Europe and the U.S., the Financial Times (FT) reported Thursday (Feb. 23). These attacks...

Retail
Rebranded Rent-A-Center Sees BNPL as Complementary to Long-Term Growth at Upbound
February 23, 2023

A tough economy hits hardest for those with lower incomes and poor to no credit, which is where rent-to-own and lease-to-own can be a lifesaver — and in many ways, they are — even as the biggest players in the space keep a hand on...