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Postmates Raises $100M As Online Food Delivery Heats Up

PYMNTS

But consolidation looms, according to some observers, and online food delivery services will eventually have to shift more focus away from consumers and toward restaurant operators in order to thrive in a crowded marketplace. Partnerships and technology are becoming increasing important in the delivery space. Postmates Funding.

Online 176
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Are Online Resale Sites Rife With Counterfeits?

PYMNTS

Online Resale. Online resale has become all the rage — even for retailers like Neiman Marcus — from a little bit of everything on OfferUp to fashion-focused Poshmark and high-end The RealReal and 1stdibs. Sales of counterfeit goods through online marketplaces are expected to hit $1.8 billion per year to fake online sales.

Online 101
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Chatbots Bringing On Business Operations Revolution?

PYMNTS

Like all new technologies, chatbots are facing challenges. It wasn’t until 2016 that we saw the introduction of artificial intelligence (AI)–enabled chatbots bring about a necessary aspect of the technology via a conversational interface. car insurance comparison tool that’s now being made available via Facebook Messenger.

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Data Shows 42 Pct Of Small Cap US Businesses Failing To Turn Profit

PYMNTS

The Russell 2000 index shows 42 percent of small-caps are either just breaking even or operating a loss. Bigger companies have been faring better by comparison, with investors taking solace in large caps and the Russell 1000 index down only 3.3 Technology groups have powered the buoyancy of those firms, the Financial Times reported.

US 175
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Why Goodwill Regions Are Tapping Into Digital Marketplaces

PYMNTS

More than 100 Goodwill store locations ranging from New York to San Francisco are uploading products like collectibles, clothing and furniture to the platform to drive in-store and online sales. Price Comparison Shopping. Goodwill organizations have worked with other tech companies to help sell their merchandise online.

Regional 145
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iPrice Group Notches $10M In Series B Investment

PYMNTS

With a round led by ACA Investments, comparison shopping platform iPrice Group has notched $10 million in Series B funding. million items from over 1,500 online shopping partners. The core iPrice unit ran at a 30 percent EBITDA margin and comprised about half of its revenue. It now purports to bring together over 1.5

Groups 130
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How UK Restaurants Are Coping With Delivery Aggregators

PYMNTS

One of the biggest questions that promises to play out in the larger world of restaurants — whether quick-service operations or others — is who will ultimately own their customers, and whether those businesses can get them back once they are lost to third-party delivery services and aggregators. But that comparison goes only so far.

Mobile 148