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PYMNTS.com 07/03/2020 11:09
At a time when retail revenue is precious and the shift to Digital 3.0 is white-hot, eCommerce media is becoming a bigger factor in the advertising world. The practice is a trade name for simply advertising on eCommerce sites. Last year, Amazon did $4.8 billion in eCommerce media in 2019. The selling point is compelling, […]
PYMNTS.com 07/03/2020 11:00
The pandemic continues to put usual business operations on unsteady ground across several industries, bringing about disastrous financial effects. Small to medium-sized businesses (SMBs) are especially grappling with a loss of revenue, which has led to a number of them to close down in the U.S. And the pandemic is creating some dark days for department stores domestically and […]
PYMNTS.com 07/03/2020 11:00
Virtual shopping is having a pandemic-driven moment. Several retail brands as well as designers have taken this twist on personal shopping to a new application. For example, Tanger Outlets last week announced the launch of a virtual shopping concierge service that takes shoppers to its outlets without leaving home. Now that its outlets are open, the […]
PYMNTS.com 07/03/2020 09:30
If there’s one thing credit union (CU) members are known for, it’s their loyalty. Since most CUs start life as an economic affinity group of some kind, loyalty is often baked into the business relationship pre-inception. It’s a rare, fair feature in an impersonal business world. When it comes to loyalty, though, it’s best not […]
PYMNTS.com 07/03/2020 08:00
Open banking is shaking up the financial industry and is poised to revolutionize the way banks share data with each other as well as with third-party app developers, FinTechs and payment providers. Open banking — a system in which banks allow third parties to freely access their data to develop new apps and services and provide bank customers with greater transparency — […]
PYMNTS.com 07/03/2020 07:30
The shuttering and reopening of states' economies are causing seismic shifts in consumer behaviors. Tried and tested ways of catching fraudsters, such as comparing consumers' activities against their 90-day transaction histories, are now resulting in false positives, says Carlos Mejia, chief digital executive at Pacific National Bank. In this month’s Next-Gen Debit Tracker, Mejia explains how creating short-term-only customer behavior profiles can help banks uncover bad actors.
PYMNTS.com 07/03/2020 04:02
The ability for companies to immediately respond to the need to support a work-from-home environment depended, in large part, upon where those firms were already in terms of their digitization journeys. For some, the shift was relatively easy, thanks to an existing embrace of cloud-based platforms and systems. For others, not so much: Continued reliance […]
PYMNTS.com 07/03/2020 04:00
Robert Morris, founder and CEO of agricultural-imaging company TerrAvion Inc., is bringing modern technology to what’s perhaps the world’s oldest business — farming. All with the simple goal of helping farmers more precisely grow the food that consumers want to eat — and grocery stores want to buy. “Agriculture is the original high-tech industry,” Morris […]
PYMNTS.com 07/03/2020 04:00
Not planes. Not trains. Automobiles. The question becomes: What happens once we get where we are wheeling — amid the great summer trek of 2020? You may not be reading this because you are on the road, possibly bumper to bumper, cursing the pandemic for making holiday travel feel nothing like the getaway you and […]
PYMNTS.com 07/03/2020 01:00
OPay, the SoftBank-backed African eCommerce and payments company, has suspended its Nigerian operation, citing the coronavirus pandemic and also a government ban, Bloomberg reports. The operations affected include ride-hailing services ORide and OCar, and logistics service OExpress, Bloomberg reports. The government ban happened when Lagos, the government hub of Africa’s largest economy, banned motorbike passenger […]
PYMNTS.com 07/02/2020 23:54
Almost 3,600 businesses filed for Chapter 11 bankruptcy in the first half of 2020, marking a rise of 26 percent, The Wall Street Journal reported. The rise comes as more companies succumb to the financial ills of the pandemic and are looking for protection against creditors, according to legal services firm Epiq Services. In 2019, […]
PYMNTS.com 07/02/2020 23:37
In China, crypto over-the-counter (OTC) traders are being arrested in an attempt to crack down on illegal transactions, according to a report from CoinDesk. Prominent OTC trader Zhao Dong, of crypto lending platform RenrenBit, was held up by police in the city of Hangzhou, the report says. Zhao has a prominent status among the community, […]

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