PYMNTS

OCTOBER 19, 2020

In a quest to dominate online food shopping in China, Alibaba invested $3.6 billion for a controlling stake in the hypermarket operator Sun Art Retail Group , Alibaba said in a statement on Monday (Oct. 19) CNN report. 19) CNN report. As part of the deal, Alibaba will acquire a 70.94% equity interest — worth about $3.6

Online 231

Online Retail Groups Operations 231

PYMNTS

SEPTEMBER 18, 2020

Online marketplaces are the digital storefronts helping small to mid-sized businesses survive — but adding real-time settlement into the mix can help them thrive. And 60 percent of surveyed firms selling across online marketplaces would take their business to one that offers real-time settlement.

Online 354

Online Survey Maine Study 354

PYMNTS

SEPTEMBER 28, 2020

Saudi Arabia and the United Arab Emirates are attempting to square away increasing consumer use of online channels with their privacy and banking standards. Why Pandemic-Driven Online Payment Spikes Are Pushing Middle Eastern Regulators To Confront Privacy Questions.

Online 151

Online Report Payments Regulation 151

PYMNTS

OCTOBER 1, 2020

online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. That deal was seen as instrumental in Kroger competing with Amazon , Reuters reported. s online delivery pool. Although Ocado only claims 1.7

Online 234

Online Florida Retail Course 234

PYMNTS

APRIL 9, 2020

million ransom to get their systems back online, The Wall Street Journal reported. ” Travelex , whose machines are located in airports worldwide, said they began to reboot some of its operations in January and February. Sodinokibi, the alleged perpetrators of the cyberattack, claimed responsibility for the breach.

Report 279

Report Groups Data Cards 279

PYMNTS

MAY 22, 2020

reported total Q1 sales of $1.8 The retailer said it wasn’t reporting comparable-store sales, as its shops were open for less than seven weeks of the 13-week period, per an announcement. Additionally, the company reported a net loss for Q1 2020 of $306 million compared to net income of $421 million in 2019. Net sales were $4.4

Report 240

Report Retail Operations Trends 240

PYMNTS

DECEMBER 18, 2020

Criminals seeking to exploit unmet demand for the COVID-19 vaccine are selling doses – many presumably fake – on the "dark web," the portion of the internet dominated by merchants who operate beyond easy reach of law enforcement agencies, the Financial Times reported on Friday (Dec.

Report 274

Report United States social media Guidelines 274

PYMNTS

DECEMBER 10, 2020

TSYS , a payment processing company, has suffered a ransomware attack and had some data posted online, according to a report from Krebs on Security. We immediately contained the suspicious activity and the business is operating normally. Krebs said the attackers have said they plan to publish more in the coming days.

Online 226

Online Data Columbus Cards 226

PYMNTS

JUNE 5, 2020

Citi ‘s Treasury and Trade Solutions (TTS) customers have increased their utilization of the firm’s digital banking technology, while firms globally implemented continuity plans and telecommuting to stay in operation amid the pandemic. million this March from 3.7 million in the same month last year.

Report 132

Report Online National Taxes 132

PYMNTS

JUNE 22, 2020

How Customer Reviews Provide Lifeblood To Restaurant Operations. Details gleaned online — including menus and reviews — carry a lot of weight when consumers are deciding where to dine. That focus has only grown amid the takeout- and delivery-only operational shifts due to COVID-19-related social-distancing efforts.

Operations 156

Operations social media Online Survey 156

PYMNTS

NOVEMBER 26, 2019

The result came with a 15 percent rise in domestic eCommerce sales, The Wall Street Journal reported. In this next chapter, our focus continues to be top-line growth,” Best Buy CFO Matt Bilunas said per reports in September. “We With a boost from eCommerce orders, Best Buy Co.

Report 151

Report Online United States Retail 151

PYMNTS

AUGUST 13, 2020

The Philippines government has confirmed that Christopher Bauer, a former executive of the bankrupt German payments company Wirecard AG , has died, Reuters reported. . In March, the Financial Times investigated two Wirecard partners, Centurion Online Payment International and PayEasy Solutions, located in Manila Bay in the Philippines.

Report 157

Report Operations Online Fraud 157

PYMNTS

OCTOBER 28, 2020

In the November edition of the Payments Orchestration Playbook , PYMNTS examines how payments orchestration is emerging as an effective way to help bring firms up to speed as they find their digital operations wanting. Adding new payment gateways and automating payments operations are only half the battle, however. About The Playbook.

Payments 257

Payments Report Operations United States 257

PYMNTS

MAY 7, 2020

reported a net loss of $402 million for the first quarter of 2020. Maddox said per the report that the company’s casinos could potentially reopen late this month. This is bringing about heightened revenue for online gambling platforms in states such as New Jersey — trends in growth that may continue beyond the health crisis.

Online 210

Online Las Vegas New Jersey Nevada 210

PYMNTS

JUNE 4, 2020

The eCommerce company is in the early stages of exploring a deal to take a $2 billion stake in Bharti Airtel , India’s third-largest telecom operator, Reuters reported , citing three sources with knowledge of the talks. Meanwhile, Google is exploring its own Indian telecom play. Amazon has already laid out $6.5

Operations 132

Operations Mobile Google Conference 132

PYMNTS

JUNE 3, 2019

Online retail has had a tremendous impact on logistics, further evidence of which emerged on Monday (June 3). and other retailers to fulfill orders from online shoppers.” Blackstone is making the deal with Singapore-based GLP, according to the report. based online supermarket operation. industrial footprint.”.

Retail 198

Retail Online Groups America 198

PYMNTS

OCTOBER 8, 2020

To that end, in Europe, Czech firm Nulisec has debuted an online B2B marketplace focused on European retailers — geared toward improving sales and procurement processes. As reported in eCommerce.com , there is a digital storefront that allows sellers to display their wares, makes them a bit more visible to buyers.

Online 195

Online Retail Marketing System 195

PYMNTS

MAY 16, 2019

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

Retail 218

Retail Online Cards Data 218

PYMNTS

JANUARY 21, 2021

In terms of customers going online to bank, BofA added that digital sales accounted for 45 percent of all consumer banking sales for the quarter. Citibank can now open accounts online in 50 countries and in the year 2020 it opened 14 million accounts digitally — a 200 percent increase over 2019. million during the quarter.

Mobile 252

Mobile Report Trends Digital Banking 252

PYMNTS

JUNE 18, 2020

The pandemic is having monumental impacts on restaurants’ operations and interactions with potential diners, pushing to the forefront services that offer quick and seamless online ordering tools to reach customers stuck in their homes. locations to allow customers who have placed online orders to conveniently and safely grab them.

Report 189

Report Online Strategy social media 189

PYMNTS

OCTOBER 8, 2020

And the company has continued implementing new machine-learning tech and filing new patents in areas such as deep learning, model fairness operations, active learning, transaction graph representations and more, the release says. Co-founder and CEO Nuno Sebastiao contrasted his company’s experience with those of others. And meanwhile, 35.7

Report 247

Report Fraud Risk Management America 247

PYMNTS

AUGUST 23, 2019

As reported by The Business Times , in Singapore, Tin Men Capital, a venture capital firm focused on B2B tech startups, led a $5 million Series A funding round to invest in RateIt. Ratelt operates as a real-time customer experience management platform, according to reports. million in venture capital. percent upon conversion.

Online 179

Online Metro Capital Customer Experience 179

PYMNTS

JANUARY 3, 2021

MGM Resorts International is trying to acquire Entain , the British parent of major online-gambling player Ladbrokes , the Wall Street Journal reports. Online gaming already was a growing threat to MGM and other brick-and-mortar casino operators before COVID-19 forced the closing of gambling halls.

Company 168

Company Report New York Online 168

PYMNTS

MAY 31, 2020

FNE made the approval “without conditions,” according to a Reuters report. The FNE said it was originally worried that Uber’s purchase of the app would stifle online delivery competition and launched an investigation, Reuters reported. The agency ultimately decided the acquisition would not affect competition.

Online 163

Online Regulation Retail Regional 163

PYMNTS

JULY 6, 2020

Buenos Aires-based eCommerce market MercadoLibre has seen a boost thanks to the pandemic, with shares climbing above $1,000 and sales spiking, Bloomberg reported. Some of them had never used eCommerce at all, Bloomberg reported. UBS Group’s analysts were led by Gustavo Piras Oliveira, Bloomberg reported.

Online 150

Online America Groups Analysis 150

PYMNTS

JULY 8, 2020

Ant Group, the online payment service affiliate of China’s Alibaba Group Holding Ltd, is looking to go public as early as this year, Reuters reported. . The news service reports that the world’s most valuable tech “unicorn” had been looking to sell shares in Hong Kong and mainland China simultaneously, according to sources.

Groups 175

Groups Report Capital Regulation 175

PYMNTS

MAY 27, 2020

Among the numerous ways small businesses have been affected by the global pandemic, the sudden race to launch online operations has been among the most profound — and may ultimately be among the most long-lasting changes to the SMB community. “It does seem absolutely logical, up until the point that you start calculating costs.”

Online 179

Online Payments User Experience How To 179

PYMNTS

DECEMBER 8, 2020

Many of these processes had begun to shift to digital channels within the past several years, however, and the health crisis has caused the online shift to pick up steam at an incredible pace. Brazil-based facial recognition and identification technologies provider Acesso Digital recently reported that more than 5.2 About The Tracker

Video 211

Video Report Meeting United States 211

PYMNTS

DECEMBER 10, 2020

This month’s Deep Dive examines how mobile and contactless payment options are poised to reshape the corporate payments ecosystem as well as how virtual cards can help businesses adapt their operations to the digital-first payments ecosystem that has emerged. . Reshaping Business Payments . Adapting To A Mobile, Contactless Normal .

Operations 192

Operations Payments Cards Mobile 192

PYMNTS

AUGUST 10, 2020

IAC , the New York-based global media and internet giant, is betting that an investment of $1 billion in MGM Resorts International will pay off in online gambling, according to a press release. Diller and Levin said research revealed MGM’s revenue in online gambling revenue is essentially zero.

Online 146

Online New York Groups Report 146

PYMNTS

DECEMBER 30, 2019

Small businesses continue to flock to online platforms to find much-needed financing, with banks still failing to fill the demand for small to medium-sized business (SMB) loans despite economic growth in the U.S. But recent reports in the Wall Street Journal Monday (Dec. are operated by sole proprietors with no other employees.

Lending 131

Lending Online California New York 131

PYMNTS

MAY 12, 2020

Many companies are quickly pivoting their business models and adjusting services to maintain some of their revenues during the outbreak and prepare themselves for comebacks once the crisis ends,” according to the new report. Such concerns never troubled operators before. Others are even operating as payment hubs.

Report 131

Report Examples Payments Operations 131

PYMNTS

OCTOBER 2, 2020

With more consumers than ever going online to shop and pay, merchants are building and expanding their digital capabilities to meet this demand for digital commerce. This puts pressure on merchants to find ways to make their operations PCI compliant, and fast. Around The Pa yments Orchestration Ecosystem. About The Playbook.

Compliance 243

Compliance Data Report Meeting 243

PYMNTS

JULY 5, 2020

Federal workers, through partnerships with several online retailers, will now be able to purchase equipment like desks or office supplies through an eCommerce network for the first time, The Washington Post reports. Leaders at Overstock said the new GSA initiative would help them with their retail operation.

Online 149

Online Retail Washington Fraud 149

PYMNTS

MAY 14, 2020

Every online wine company that reports sales has noted big spikes during the pandemic. The latest to report, Wine.com – which bills itself as the nation’s leading online wine retailer – earned $165 million in revenue and saw 25 percent growth for fiscal 2020, ending March 31. With sales of $3.2

Online 164

Online Retail Millennials Analytics 164

PYMNTS

MAY 8, 2020

Online gambling or gaming is one possible outlet, and the sector may even make it through the pandemic with less financial damage than other industries. Online Gambling Changes . The pandemic is sweeping through an already critical year for online betting. Such sites are expecting major growth in the U.S.,

Online 176

Online Industry New Jersey Pennsylvania 176

PYMNTS

JANUARY 27, 2020

The shop owners are looking to see if automation can make deliveries quicker while keeping costs down, as they work with a new roster of companies that seek to increase the efficiency of online order fulfillment in a small amount of space, The Wall Street Journal reported. Online orders still comprise a small portion of the U.S.

Online 141

Online Regional New York Retail 141