PYMNTS-MonitorEdge-May-2024

ecommerce

eCommerce (also known as electronic commerce) is a process of buying and selling of products or services, making money transfers, and transferring data over an electronic medium (Internet). This network allows people to do business with no barrier of distance and time.

Amazon Adds GenAI Shopping Guides to Personalize eCommerce Experience 
Amazon Adds GenAI Shopping Guides to Personalize eCommerce Experience 
October 10, 2024  |  Amazon

Amazon has implemented new generative artificial intelligence (GenAI) technology in an attempt to improve product research and personalize shopping recommendations on its eCommerce platform, joining...

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AI Tools and Independent Sellers Key at Record Amazon Sales Event
AI Tools and Independent Sellers Key at Record Amazon Sales Event
October 10, 2024  |  eCommerce

Amazon says customers saved more than $1 billion during its October shopping event. The eCommerce giant touted this statistic in a Thursday (Oct. 10) press release in the...

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Mastercard CPO Calls for ‘Rethink’ of Payments Technology With Tokenization
Mastercard CPO Calls for ‘Rethink’ of Payments Technology With Tokenization
October 10, 2024  |  Cybersecurity

Among the meteoric rise of payments innovation, tokenization’s widening adoption has been among the most notable. It’s been around for more than a decade, but...

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Mercado Libre Sells Record 20 Million Products in August as Argentina Recovers
Mercado Libre Sells Record 20 Million Products in August as Argentina Recovers
October 09, 2024  |  eCommerce

Mercado Libre is witnessing a consumption recovery in Argentina amid a period of “profound economic transition.” The Latin American eCommerce/FinTech platform announced Tuesday (Oct. 8)...

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Instacart Expands Shoppable TV Partnership With Roku
Instacart Expands Shoppable TV Partnership With Roku
October 09, 2024  |  eCommerce

Instacart says it is expanding its advertising partnership with streaming TV platform Roku.  As the food delivery company noted in a news release Wednesday (Oct....

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Amazon to Deploy AI-Powered Technology That Helps Drivers Find Packages
Amazon to Deploy AI-Powered Technology That Helps Drivers Find Packages
October 09, 2024  |  Amazon Technology

Amazon is preparing to roll out technology that uses artificial intelligence and lights to help delivery drivers find the packages they need in their trucks....

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FreedomPay Partners With Stripe to Help Businesses ‘Unify Commerce’
FreedomPay Partners With Stripe to Help Businesses ‘Unify Commerce’
October 09, 2024  |  Partnerships

Commerce technology firm FreedomPay launched a partnership with financial infrastructure platform Stripe. The collaboration aims to “unify commerce” by allowing businesses to use Stripe for...

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Amazon Pharmacy to Expand Same-Day Delivery to 20 More Cities
Amazon Pharmacy to Expand Same-Day Delivery to 20 More Cities
October 09, 2024  |  Amazon

Amazon Pharmacy plans to open pharmacies and offer same-day delivery of prescription medications in 20 more U.S. cities in 2025. This move will more than...

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70% of Shoppers Say Payment Options Influence Where They Shop Online
70% of Shoppers Say Payment Options Influence Where They Shop Online
October 09, 2024  |  Payment Methods

Retailers continue to grapple with shopping cart abandonment. A February report by PYMNTS Intelligence and Adobe reveals insights that could help online merchants boost conversion...

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