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PYMNTS.com 02/25/2020 18:56
Travel site Expedia has announced that it will cut 3,000 workers in an attempt to streamline its “bloated” company after the exit of its CFO and CEO, according to a report in the Financial Times. In an email to its staff, Expedia said it plans to “reduce and eliminate certain projects, activities, teams and roles […]
PYMNTS.com 02/25/2020 18:44
Mall landlords strike again. In a good way, of course, as alt-VC firm Fifth Wall closes on a $100 million fund to help eCommerce pure plays expand to brick-and-mortar locations, as reported by The Wall Street Journal. The fund’s investors include retail landlords like Acadia Realty Trust and Macerich. Those companies will be the middlemen […]
PYMNTS.com 02/25/2020 17:34
A study of how consumers in different nations value their personal data found that German users of Facebook would want the company to pay them roughly $8 a month for providing their contact data. Users in the United States, however, reportedly would only ask for $3.50, Reuters reported. The Technology Policy Institute (TPI) study is […]
PYMNTS.com 02/25/2020 16:23
As Walmart aims to grow profits at its online shopping business and cut discord between units, the retailer is bringing together its store and eCommerce product-buying teams, The Wall Street Journal reported. Manufacturers that sold items in Walmart’s physical locations and on Walmart.com had to pitch two distinct buying teams, and groups sometimes had discordant opinions […]
PYMNTS.com 02/25/2020 15:19
The consumer confidence index, which measures people’s assessment of the business and labor environment, rose less than expected for the month of February, according to a report by CNBC. Data released by The Conference Board on Tuesday (Feb. 25) shows that the index came in at 130.7, which is a slight increase from 130.4 in […]
PYMNTS.com 02/25/2020 14:51
After four consecutive quarters of progressively declining results, Macy’s managed to surprise the markets on Tuesday (Feb. 25) with an unexpected beat on earnings, gaining a boost from late holiday season sales strength. As it turned out, last-minute shoppers brought the Christmas miracle Macy’s needed. “Taken as a whole, 2019 did not play out as we […]
PYMNTS.com 02/25/2020 13:35
Southeast Asia’s ride-hailing giants Gojek and Grab are holding discussions about a possible merger, The Information reported on Tuesday (Feb. 25), citing sources, but the companies are denying that those talks are taking place. A merger would create one of the world’s most highly valued startups, with Gojek valued at $9 billion and Grab valued […]
PYMNTS.com 02/25/2020 13:04
Retailers are facing a personalization paradox. Recent studies are showing counter trends right now that are proving the adage that consumers want what they want — even if it’s a contradiction. That paradox is evident between the appeal of personalization and a stepped-up need for privacy. It’s illustrated in a new report from Episerver, which […]
PYMNTS.com 02/25/2020 12:40
Mastercard has expanded its partnership with Rakuten Viber to bring peer-to-peer (P2P) payments to Romania via Moneytou, which makes transferring money easy, quick and secure, Mastercard announced on Tuesday (Feb. 25). Moneytou harnesses the Mastercard Send platform to authorize real-time money transfers to any eligible card. Mastercard Send lets users send and receive money how, […]
PYMNTS.com 02/25/2020 12:16
Silicon Valley-based micromobility startup Bird is launching an in-app payments feature that enables its electronic scooter (eScooter) riders to buy from local merchants, Bird announced on Tuesday (Feb. 25). Bird Pay links its riders with local businesses to help drive purchases. The new payments feature is currently being trialed with select merchants in Los Angeles […]

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