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.

56% of US Consumers Experienced a False Payment Decline in Last 90 Days
56% of US Consumers Experienced a False Payment Decline in Last 90 Days
October 08, 2024  |  Payments Innovation

In an era of evolving consumer preferences, merchants face mounting pressure to streamline payment processes. As payment methods diversify and the costs of transaction processing...

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Amazon’s Prime Big Deal Days: Early Indicator for Holiday Shopping Trends
Amazon’s Prime Big Deal Days: Early Indicator for Holiday Shopping Trends
October 07, 2024  |  Amazon

As Amazon kicks off its Prime Big Deal Days on Tuesday (Oct. 8), the 48-hour event will serve as an early referendum on holiday spending...

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Richemont Hands Off YNAP to Mytheresa for $608 Million
Richemont Hands Off YNAP to Mytheresa for $608 Million
October 07, 2024  |  eCommerce

Cartier owner Richemont is selling its luxury eCommerce platform Yoox Net-a-Porter to online retailer Mytheresa. The $608 million deal, announced Monday (Oct. 7), ends a...

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Can Levi’s Win the D2C Game? Brand Bets Big on Direct Connection With Consumers
Can Levi’s Win the D2C Game? Brand Bets Big on Direct Connection With Consumers
October 07, 2024  |  Earnings

Levi Strauss & Co. is evaluating the possible sale of its Dockers brand amid its transformation to a direct-to-consumer (D2C)-first retailer. Once a dominant name...

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Judge Rules FTC Antitrust Lawsuit Against Amazon Can Proceed
Judge Rules FTC Antitrust Lawsuit Against Amazon Can Proceed
October 07, 2024  |  ANTITRUST

A judge unsealed a Sept. 30 ruling that the Federal Trade Commission’s (FTC) antitrust lawsuit against Amazon can proceed, while the claims of some states...

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TikTok Shop Turns to Storfund to Improve Seller Cash Flow
TikTok Shop Turns to Storfund to Improve Seller Cash Flow
October 07, 2024  |  eCommerce

TikTok Shop has teamed with Storfund to offer sellers an embedded cash flow solution. The new offering, dubbed Daily Advance, is the first of its kind in a...

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Amazon and Temu Copy Each Other in Battle for Sellers
Amazon and Temu Copy Each Other in Battle for Sellers
October 06, 2024  |  eCommerce

Temu’s attempt to attract Amazon’s merchants has transformed the way both companies do business. That’s according to a report Sunday (Oct. 6) by The Wall...

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A Master Class on Helping SMBs Thrive in an Omnichannel World
A Master Class on Helping SMBs Thrive in an Omnichannel World
October 04, 2024  |  SMBs

The small businesses that are the backbone of each community across the United States are, collectively, the mainstay of everyday life. They employ millions who...

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35% of Cardholders Abandon Merchant After a Card Decline
35% of Cardholders Abandon Merchant After a Card Decline
October 04, 2024  |  Credit Cards

Striking the right balance between seamless payments and strong security is crucial for merchants. As eCommerce continues to flourish, a PYMNTS Intelligence report, “Why Network...

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