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Five Key Takeaways From Poshmark’s IPO Filing 

PYMNTS

Social media-focused clothing reseller Poshmark became the latest platform company to file for an initial public offering (IPO) this week, hoping to catch an IPO wave that saw big first-day pops recently for Airbnb and DoorDash. In doing so, we bring the power of community to buying and selling online. Active buyers placed 6.3

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American Express Survey: As Diners Change, So Do Restaurants

PYMNTS

A recent survey by American Express shows that, unsurprisingly, millennials have the biggest appetite for digital dining experiences, from ordering take-out through a mobile app to ordering and paying through a kiosk at their table to tweeting what they’re eating. For a full report, see the survey summary from American Express.

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Frightful Five: The Apple Update That Pays

PYMNTS

Amazon takes another swing at Etsy, Apple catches up in the proprietary Pay game and Facebook matriculates a new generation of social media users with its new Messenger product for kids — this and more of the latest news from the Frightful Five, just in case you missed it.

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How Banks Can Stay More Connected Like Amazon

Gonzobanker

It’s not a “Millennial thing.” According to a recent study by Ellie Mae, 92% of all home borrowers research online before applying. Most of the time, self-service on-demand is more convenient because it’s on the customer’s terms. It’s now the primary way the purchasing process begins, if not finishes.

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Chinese Tourists Are Driving Global Payment And Retail Change

PYMNTS

According to tourism officials, the changes undertaken by Marriott and other companies in that space are being driven — more specifically and in large part — by the same factor fueling China’s embrace of mobile payments, social media and eCommerce: The desires of younger consumers. Expanding Payment Methods. So is WeChat.

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Upscale UK Retailers Look To Land In US Market

PYMNTS

And also in training our retail staff to offer the customer a fantastic service.”. percent fall in sales in November and December when online sales rose by 2.6 Weston said part of Primark’s success has come from social media, according to reports. People now research online and then go to the store to buy,” he said.

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Seeking Banking Balance Between Physical And Digital

PYMNTS

But, while closing physical bank branches might appear to be a wise cost-saving measure, the move comes with risks that could hurt banks’ relations with new millennial customers. Armistead also spoke to the lesson the bank is learning from smartphone apps to better serve its customers online and in brick-and-mortar locations.