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.

WEX Introduces Digital Commerce Solution for Medicare Platform
WEX Introduces Digital Commerce Solution for Medicare Platform
November 21, 2024  |  eCommerce

Global commerce platform WEX added a digital shopping solution to its Medicare Advantage supplemental benefits platform. The Medicare Advantage marketplace expands the brick-and-mortar merchant network...

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Temu Opens Online Marketplace to All US Sellers
Temu Opens Online Marketplace to All US Sellers
November 21, 2024  |  eCommerce

Temu now allows any U.S. seller to join its online marketplace. “Whether small businesses or individual entrepreneurs, [U.S. sellers] can now connect directly with millions of...

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Alibaba Merges Global and Domestic eCommerce Businesses
Alibaba Merges Global and Domestic eCommerce Businesses
November 21, 2024  |  eCommerce

Chinese conglomerate Alibaba is combining its domestic and international eCommerce businesses into one unit. According to a Thursday (Nov. 21) securities filing, the new Alibaba E-commerce Business Group...

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Target CEO Says Consumer Budgets Are Being ‘Stretched’
Target CEO Says Consumer Budgets Are Being ‘Stretched’
November 20, 2024  |  Earnings

As economic uncertainty and rising costs continue to impact consumers, shoppers are more cautious with their spending, according to Target CEO Brian Cornell. Faced with...

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High-Income Shoppers Load Up Their Grocery Carts at Walmart
High-Income Shoppers Load Up Their Grocery Carts at Walmart
November 19, 2024  |  Walmart

During the latest conference call with analysts, Walmart’s management observed that that, in a quarter where same-store sales were up 5.3% in the United States,...

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European AI Search Engines Plan New Index With Merchant Rankings
European AI Search Engines Plan New Index With Merchant Rankings
November 19, 2024  |  Connected Economy

Ecosia and Qwant have unveiled plans to create their own artificial intelligence (AI)-powered European search index, which could reshape online commerce by offering merchants an...

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Google’s Revamped Platform Brings AI Insights, Price Comparisons to In-Store and Online Retail
Google’s Revamped Platform Brings AI Insights, Price Comparisons to In-Store and Online Retail
November 19, 2024  |  Google

Google introduced new tools to elevate online and in-store shopping experiences through artificial intelligence-powered features in Google Lens, Google Maps and Google Pay. Following the...

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eCommerce Growth Outpaces General Retail Sales, Hits 15.6%
eCommerce Growth Outpaces General Retail Sales, Hits 15.6%
November 19, 2024  |  eCommerce

Digital continued to take a larger slice of retail spending in the third quarter of 2024. However, a slowing pace of overall spending may send...

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Amazon Has No Plans to Hike Fulfillment and Referral Fees in 2025
Amazon Has No Plans to Hike Fulfillment and Referral Fees in 2025
November 19, 2024  |  Amazon

Amazon says it doesn’t intend to raise its merchant fulfillment and referral fees next year. In a message to its sellers published Tuesday (Nov. 19),...

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