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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
Teikametrics Debuts AI Tool to Assist Retailers
8+ mon, 3+ week ago (406+ words) attention, the company said Wednesday (Dec. 17) in a news release. ARI, the release added, is Teikametric’s...Merritt Robinson, Bain’s global head of design, in a news release. Meanwhile, PYMNTS spoke earlier this year...
Target Says Shifting Order Fulfillment to Slower Stores Speeds Delivery and Reduces Costs
9+ mon, 1+ week ago (409+ words) Target is reportedly testing new ways to provide next-day delivery. The new models the retailer is testing include shifting fulfillment from busy stores to ones that are less busy, opening a new facility focused on overnight deliveries, and having gig…...
TikTok Shop Draws Buyers and Sellers of Luxury Goods
9+ mon, 2+ week ago (429+ words) policies, according to the report. The company’s TikTok Live video streams and live auctions have also been adopted by luxury resellers,...
Holiday Shoppers Increase Their Use of Cross-Channel Shopping and AI Tools
8+ mon, 2+ week ago (422+ words) Mastercard SpendingPulse found that U.S. retail sales excluding automotive increased 3.9% year over year from Nov. 1 through Dec. 21, according to a Tuesday (Dec. 23) press release. Visa Consulting and Analytics (VCA) reported that holiday retail spending increased 4.2% during the seven weeks from Nov....
Cross-Border Payment Goals Stall Despite Banking, FinTech and Stablecoin Innovations
10+ mon, 4+ week ago (528+ words) The G20’s 2027 cross-border payments goals are stalling as costs stay high, transfers remain slow and progress is fragmented across regions. Red tape and regulatory chaos, from clashing AML rules to data silos and capital controls, are choking global interoperability. Breakthroughs…...
OpenAI Puts Etsy and Shopify Inside ChatGPT’s Shopping Cart
11+ mon, 1+ week ago (450+ words) effectively does not exist.” That dynamic is now live, and it could fundamentally reorder how value flows...
Target Details Consumer Strain and Unveils Its Chatbot Plans
9+ mon, 3+ week ago (502+ words) Target says consumers remain “choiceful,” stretching budgets and prioritizing value as economic pressures build. Holiday spending may be cautious, with Target guiding to a low-single-digit decline in comparable sales. Target is leaning into AI partnerships, including OpenAI, and expanding digital tools…...
Pattern IPO Shows Brands Still Need a Tech-Savvy Storefront
11+ mon, 2+ week ago (592+ words) Pattern’s $2 billion-plus revenue run rate underscores the scale of its tech-driven marketplace model. The company invested $142 million in proprietary AI and logistics systems to help brands grow, CEO Dave Wright tells PYMNTS CEO Karen Webster. Its IPO validates a technology-first…...
Etsy Adds AI-Powered Writing and Search Tools for Sellers
11+ mon, 3+ week ago (410+ words) Etsy has added artificial intelligence (AI)-powered title suggestions and writing assistance to its tools for sellers. These tools are among several new offerings the company has added to its eCommerce platform ahead of the holiday shopping season, according to…...
Amazon Uses AI to Turn Missed Searches Into Seller Gold
11+ mon, 3+ week ago (424+ words) more efficiently.” That acceleration is critical in today’s eCommerce environment, where sellers face increasing...