News

View the latest news and breaking news today for Payments, Commerce, Retail, Mobile Order, and Technology at PYMNTS.com

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Alibaba Raises $1.3B For Push Into Online Pharmacy Business
Alibaba Raises $1.3B For Push Into Online Pharmacy Business
August 05, 2020  |  Healthcare

Alibaba Health Information Technology plans to pump the $1.3 billion it raised in a secondary offering on the Hong Kong stock exchange to expand its...

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ADP Reports Disappointing Private Sector Job Growth In July
ADP Reports Disappointing Private Sector Job Growth In July
August 05, 2020  |  Economy

Private sector employment rose by 167,000 in July, but the numbers are a far cry from June, when private-sector employment increased by nearly 2.4 million jobs,...

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eBay, LendingPoint Partner On US Seller Credit
eBay, LendingPoint Partner On US Seller Credit
August 05, 2020  |  Alternative Credit

EBay is teaming up with LendingPoint to give the eCommerce giant’s U.S. sellers access to funding to help them build up and sustain their businesses....

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Liquor Sales Up, But Glass Is Still Half Empty
Liquor Sales Up, But Glass Is Still Half Empty
August 05, 2020  |  Retail

Diageo — the world’s largest spirits maker and the firm behind Johnny Walker, Tanqueray Gin and Smirnoff Vodka — has taken a 1.3 billion pound...

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Mastercard Targets European Banks With New Research Platform
Mastercard Targets European Banks With New Research Platform
August 05, 2020  |  Mastercard

Mastercard is rolling out a new “business intelligence” platform that will provide research and analysis on the payments sector in Europe. Mastercard on Wednesday (Aug....

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CVS Reports Strong Quarterly Earnings Amid COVID-19 Efforts
CVS Reports Strong Quarterly Earnings Amid COVID-19 Efforts
August 05, 2020  |  Retail

CVS posted strong second-quarter earnings, upped its estimates for 2020 profits and renewed its commitment to fighting COVID-19, the company reported on Wednesday (Aug. 5). Total...

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The Digital Shift In Retail And Payment Methods
The Digital Shift In Retail And Payment Methods
August 05, 2020  |  Today In Data

Social shopping is the newest hot trend fueled by the pandemic, as new startups are emerging and established brands such as Macy’s are catching up to capture this...

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Alexa, What’s The Future Of Voice Commerce?
Alexa, What’s The Future Of Voice Commerce?
August 05, 2020  |  Retail

The present tense for voice commerce shows an eager and accelerated installed base with 90 million devices in the U.S. But as with everything digital...

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Digital Shift Puts Its Feet Up On Furniture Business
Digital Shift Puts Its Feet Up On Furniture Business
August 05, 2020  |  Retail

The digital shift is definitely extending to online furniture sales, with two companies — Wayfair and Blueport — reporting stratospheric increases in sales. Wayfair announced...

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