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In eCommerce news: The tug-of-war game just got a bit tighter, and Amazon may be in the crosshairs. Walmart’s Jet.com is helping to push the envelope with its new “ try before you buy ” approach. Approximately 300,000 online product samplings and exclusive offers will be included in monthly eCommerce packages. Through this new promotional effort, Jet.com is hoping to enhance its customer engagement process and is likely to continue to increase its status as a tier one eCommerce company.
The digital retail revolution is well underway. Fusing technology into in-store experiences has officially gone mainstream, and retailers are looking for ways to go beyond the traditional mobile app. As we’ve reported in the past, places like Sephora have installed various tablets with embedded augmented reality (AR) features to help customers pick and choose what makeup shades look best on their skin tone.
In a classic scene from the 1967 Mike Nichols film The Graduate , protagonist Benjamin Braddock is pulled aside and given advice for his future that can be condensed to a single word: “Plastics.” If the film were remade today, it’s not hard to imagine that one-word piece of advice would be “APIs” instead. To address customers’ needs as commerce goes digital, financial services giant Mastercard is weighing the benefits of APIs over plastic after several decades of heavy investment in the latter.
In the climb from contributor to leader, the rules quietly change. But if you’re aiming for the summit, the air gets thinner, and what got you here won’t be enough to get you to the top. 🗻 What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level. The higher you go, the more your effectiveness depends on how you connect, adapt, and communicate.
Selling goods across borders is a big opportunity for small businesses in the U.S. and around the world. That’s not lost on them. The trouble is in how to get started — so most just don’t. According to new figures released by PayPal about the growing digital footprint of American SMBs in the global digital marketplace, less than 5 percent of all U.S. small businesses import.
Searching for a different kind of lodging or the perfectly priced graphic designer to help give a startup the right look? These days, the best place to look may just be on an online platform. The July PYMNTS Payments Powering Platforms Tracker™ , powered by WePay, features a roundup of last month’s headlines on how payments are powering new businesses in industries from freelancing to financing, and everything in between.
Working in the ATM business can be dangerous. From potentially getting robbed when reloading the ATM with money to installing the heavy machine, it’s possible to sustain severe injuries. However, it’s being reported out of Corpus Christi, Texas, that a repair man accidentally locked himself inside an ATM he was working on. The room located behind the machine that allows workers to repair it was the place where the man was stuck.
Working in the ATM business can be dangerous. From potentially getting robbed when reloading the ATM with money to installing the heavy machine, it’s possible to sustain severe injuries. However, it’s being reported out of Corpus Christi, Texas, that a repair man accidentally locked himself inside an ATM he was working on. The room located behind the machine that allows workers to repair it was the place where the man was stuck.
B2B FinTech venture capitalists are finally in the full swing of summer, with one of the hottest weeks in the industry so far. More than $167 million was funneled into the industry, with the enterprise cybersecurity space taking home the gold for most money raised. But — surprise! — one startup operating in a B2B FinTech industry rarely seen on the VC roundup landed the second-largest investment round of the week.
Albertsons still wants to go public, two years after first mulling and tabling an initial public offering, Bloomberg reports. Yet once again, the grocer is going to have to put that dream on hold as it struggles to get its same-store sales back into the black. Same-store sales dropped into the negative in fiscal 2016 and have yet to recover. It’s not doing Albertsons any favors that, between the popularity of grocery pickup and delivery services, cheap groceries at Walmart and the debut of Germa
Electronic procurement and the rise of a B2C-like shopping experience for corporate buyers has turned the buying process into a strategic function for many organizations. But for others, simply digitizing the procurement process in the first place remains a challenge. Government procurement is struggling to streamline and automate many tasks, forcing some executives to feel overworked, new research finds.
Who doesn’t love a free trial? PYMNTS CEO Karen Webster knows a guy who loves them so much that he keeps an Excel spreadsheet outlining how he will eat for free for the next year using trials of meal kit delivery services. That’s great for the guy, but someone is paying for those meals. Somewhere, those unconverted free trials are getting rolled into an astronomical acquisition budget that those companies are paying to win over new customers.
The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.
The WannaCry ransomware in May crippled hospitals, railways and government in more than 150 countries: the biggest cyberattack on the books, affecting hundreds of thousands of computers. Few paid up, but with systems down for days or weeks, bottom lines certainly suffered regardless. A month later, the Petya worm exploited the same Microsoft Windows vulnerability – both despite the fact that Microsoft had patched the bug in March.
The eCommerce battle between Amazon and Walmart has been brewing for quite some time, with each of the online retail giants working tirelessly to expand its reach. The consumer shopping environment is evolving, and Amazon and Walmart seem to be leading the charge. Following Nike’s decision to sell on Amazon and Walmart’s announcement that Jet.com would be working with BrandShare to send more than 300,000 samples in its monthly packages, the lines have clearly been drawn in the compet
Amazon’s Echo is getting an overhaul for the first time in more than two years since the voice-activated speaker powered by virtual assistant Alexa hit the marketplace. According to a news report in Engadget , citing an unnamed source, the eCommerce giant is working on improving the Echo in an effort to steal some of Apple’s thunder with the HomePod, which is coming out later this year.
If the Data Dive can be said to have a theme this past week, that theme would be mobile. At least a bit, and at least in terms of two of the bigger headlines in the payments space. One was a big deal – literally…. Worldpay: OK, we all know the price tag by now: $9.9 billion. That’s how much Vantiv is ponying up to boost its presence round the globe in payments, with an eye on the U.K. and on Europe, branching from its U.S. home base.
Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.
Just a few weeks ago, the Global Payments Innovation Jury – a group of 70 payments executives across 37 countries – published a new report on the expected future of the payments industry. The report had some big news for B2B payments in particular: “Overall, the jury considers the business payments sector to have the best profit potential going forward,” the report stated.
From alcohol to food and more, there are a variety of delivery services available for today’s tech-savvy consumer. One of the more popular choices for on-demand delivery is in the alcohol industry, with the likes of Drizly, Thirstie and Swill. Los Angeles-based, alcohol delivery startup Saucey just announced news of its $5.4 million Series A round of venture capital (VC) funding led by Bullpen Capital.
Accelerated payments initiatives like the U.K.’s Faster Payments Scheme (FPS) are only valuable when financial institutions and other players can actually access the service. That’s not so easy, even for the largest banks, says Steve Clarke, sales director for PayPort , the gateway service run by Vocalink to help financial institutions link into Faster Payments.
Visa wants SMBs nationwide to go cashless. It also thinks better education about the benefits of doing so is the key to making it happen. The multinational financial services corporation recently announced it is ramping up its educational efforts — particularly those directed at small restaurants — in hopes of offering a push toward the more efficient, cashless future.
Great leadership development is the key to sustainable business growth. Are you ready to design an effective program? HR can use Paycor’s framework to: Set achievable goals. Align employee and company needs. Support different learning styles. Empower the next generation of leaders. Invest in your company’s future with a strong leadership development program.
The tug-of-war between Amazon and Walmart wages on in eCommerce news this week. As rumors start to spread of Amazon’s alleged blocking of other bidders in its Whole Foods acquisition deal, the eCommerce giant is ramping up on its Prime Membership numbers and sales. Meanwhile, Walmart’s Jet.com shared news of its new partnership with BrandShare to help provide samples in its monthly eCommerce customer packages.
Corporate travel is a necessity for companies seeking to expand their top lines and bottom lines and customer bases. It’s also a hotbed of inefficiency — as employees who have to travel feel that part of the trade-off for doing so is being comfortable while on the road — and racks up the dollars along the way, dimming profits. In the latest Topic TBD, Dan Ruch, founder and CEO of Rocketrip tells Karen Webster that the key to saving corporate dollars comes down to finding out, illuminating and us
Love is in the air, and wedding season is officially upon us. As brides try on dresses, flowers are picked and grooms are inevitably dragged to endless venues, the retail industry is also gearing up. eCommerce company Wayfair decided to dig into its registry data to uncover how the tastes of couples today are shifting from the baby boomer generation.
Shaping the future of retail is not a concept that shoots to the top of the list when the industry thinks of senior citizens. When it comes to senior citizens, the retail industry typically has reached out to share discounts , what stocks to buy or alerting them to various scams. SNL did a skit this year that specifically featured senior citizens and their interactions with Amazon’s Alexa.
Distributed finance teams are rewriting how the back-office runs, and attackers are taking notes. Disconnected workflows, process blind spots, and rising cyber threats are more than just growing pains—they’re liabilities. The challenge isn’t just going remote. It’s building resilient systems that protect accuracy, control, and speed across every transaction and touchpoint.
The International Chamber of Commerce Banking Commission recently released a report that found an imbalance between supply and demand of trade finance services. Its Global Survey on Trade Finance, which surveyed financial institutions across 98 countries, found that 61 percent of banks say they face greater demand for trade finance than they can supply.
Experian recently reported that it has unveiled Text for Credit, a credit application initiated and completed via text message. The company said in a release that the methodology helps reduce application time and also eliminates the risk associated with paper-based processes. In one cited use case, an applicant “interested in taking advantage of a store credit card incentive” could secure the card using Text for Credit through his mobile device.
Citigroup results came in better than expected for the second quarter, the firm said Friday, buoyed by growth in emerging markets and its overall loan portfolio. Earnings were $1.28, compared with the Street at $1.21, and revenue was also above the Street at $17.9 billion, versus $17.5 billion expected. The overall revenue growth came as North America’s top line was up five percent and emerging markets were up 10 percent.
A new study by J.D. Power has found that while more Canadians are utilizing and happy with mobile banking, customer satisfaction with other banking channels and services is on the decline. According to a press release announcing the news, the J.D. Power 2017 Canadian Retail Banking Satisfaction Study, in conjunction with the J.D. Power 2017 Canadian Banking App Satisfaction Study, found that mobile banking usage among customers has nearly doubled over the past three years, with 43 percent of re
Documents are the backbone of enterprise operations, but they are also a common source of inefficiency. From buried insights to manual handoffs, document-based workflows can quietly stall decision-making and drain resources. For large, complex organizations, legacy systems and siloed processes create friction that AI is uniquely positioned to resolve.
The mobile industry today encompasses so much more than it did 20 years ago, and even just 10 years ago. From hailing a cab to finding a pet sitter and more, mobile has helped to, for lack of better words, mobilize nearly every other industry around it. In today’s Today in Data piece, we focus on the various announcements attached to mobile-related endeavors.
When is a business model less than a model business? When red ink stretches in waves far as the eye can see. Red ink might be OK for startups. It is OK for firms that have seed capital, that anticipate growth in sales that need to support staff and machines and servers … ‘til scale comes into play, and red ink turns black. At least that’s what investors were told.
JPMorgan Chase posted results that helped kick off earnings season Friday morning. The firm showed traction in its loan book, mobile efforts and credit card portfolio. The headline numbers showed the largest U.S. bank (as measured by its asset base) beat Wall Street expectations. In remarks delivered in tandem with the earnings release, CEO Jamie Dimon said, “The U.S. consumer remains healthy, evidenced in our strong underlying performance in Consumer & Community Banking.
It’s summer. So of course you are thinking about work. Maybe about playing hooky. But even when you are thinking hooky you are thinking about work, in a derivative way. But then again, think about this: You’re wasting your life. Maybe in many ways. But we’re not here to get all existential on you. You’re wasting your life – on the daily commute. First, some stats: The U.S.
Speaker: Claire Grosjean, Global Finance & Operations Executive
Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.
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