Adding RTP-powered Instant Payouts to its Transfer product helps position Plaid for FedNow’s July launch.
The UK’s cost of living crisis takes a bite out of Tesco’s profits: The company’s profits halved from roughly £2 billion to £1 billion in fiscal 2022 / 2023.
US retail sales will hit $7.334 trillion this year, according to our forecast, a growth of 3.3% YoY. “Where we’re headed is something of a new normal of slower growth,” said our analyst Zak Stambor.
Amazon sees growth opportunities amid economic challenges: That's CEO Andy Jassy's key message in an optimistic letter to shareholders about navigating difficult terrain. (This article was written with the assistance of ChatGPT.)
While retail as a whole is looking for ways to deploy generative AI to support operations and enhance customer experience, fashion ecommerce is likely to see some of the biggest impacts.
Rent the Runway improved its value proposition: Adding an extra item to every shipment helped the company reach 141,205 active subscribers, the highest count in its history.
US consumers' appetite for luxury is beginning to fade: But rapidly recovering demand from Chinese consumers will allow LVMH, Prada, Kering, and others to maintain their strong momentum.
Visa+ will connect Venmo and PayPal before expanding to other wallets. Here's what it means for P2P apps.
Mastercard’s latest cross-border tool targets SMBs: The payments giant wants to stay ahead of the curve as cross-border payments gain steam.
Walmart is shuttering four stores in Chicago: The retail giant says that the stores lose “tens of millions of dollars a year,” and their annual losses nearly doubled in the last five years.
Inflation eased for the ninth straight month in March: But falling grocery prices may not be enough to restore consumers’ declining confidence.
eBay is giving merchants more opportunities to advertise: The marketplace nearly doubled the amount of premium search ad inventory as it tries to make up for falling sales volumes.
Brazil’s tax crackdown could deal a serious blow to Asian ecommerce giants’ growth ambitions: The government plans to eliminate exemptions for international orders under $50. (This article was written with the assistance of ChatGPT. )
Lemon8 makes a splash in US as lawmakers mull TikTok ban: New app quickly gains followers, but Chinese ownership could raise concern.
An outage Monday downed Apple Music, Radio, and iTunes Match for users in the US, Europe, and Asia. Are persistent outages due to infrastructure or possible cyberattacks?
Rivals are likely to spring up for Bloomberg’s recently unveiled generative AI platform. But they won’t have access to its Terminals' data.
If the deal is terminated, one of the largest retail portfolios could turn into an industry-leading digital innovation opportunity.