Новости за 29.11.2021

For decades, fashion followed a wholesale model, with brands serving as the creative houses and the retailers holding most of the power in the customer relationship, marketing and selling products and collecting data on consumer preferences. As customer loyalty to individual brands plummets, though, companies’ focus has shifted to trying to be “the next Supreme,” […]

The uptick in fraudulent activity during the pandemic has forced cybersecurity professionals to rethink traditional user authentication methods. Digital platforms historically have relied on knowledge-based authentication (KBA) and passwords to do the job, but consumers’ poor digital habits have made these systems easier to scam. Consumers view these verification methods as cumbersome, with friction-filled onboarding […]

They’re volatile, yes, but the overall trend in cryptocurrency prices — at least over time — has been up and to the right. Not all that long ago, for example, bitcoin flirted with $68,000, though more recently traded at about $58,000. But that’s leagues above the fractions of a penny that it first fetched in […]

Black Friday kicked the 2021 holiday season off with a bang. Not only did roughly 22 million more consumers spend the day checking holiday purchases off their wish lists this year than in 2020, but 23% of them spent more on those Black Friday purchases than they did just one year ago. While it remains […]

Tech is changing treasury — and, by extension, global payments. “Fundamentally the bar has been raised across the board,” Shahmir Khaliq, global head of treasury and trade solutions at Citi, told PYMNTS’ Karen Webster. The massive shift of consumer payments to online conduits — where frictionless, seamless B2C transactions are hallmarks — has set expectations […]

Subscription commerce’s turbo-charged growth, unsurprisingly, has been fueled by the pandemic. Trace Galloway, chief strategy officer at Vindicia, a software-as-a-service (SaaS) subscription-billing and revenue recovery platform, told PYMNTS the model is making inroads into verticals well beyond streaming media and same-day delivery. The double-digit growth rates that earnings reports from the likes of Netflix have […]

As consumers learn more about the costs of accepting credit cards, they’re getting more comfortable with the practice of paying surcharges for the sake of convenience — as well as a chance to help small businesses stay afloat. More and more merchants are adopting the practice, James Derby, senior vice president of enterprise sales at […]

Amazon is seeing “record-breaking” Black Friday sales, with Dave Clark, Amazon Worldwide Consumer CEO, saying customers were engaged. Clark, speaking on CBS’s “Face the Nation,” said Sunday (Nov. 28), customers had spent on a myriad of items, including clothes, holiday decor and children’s toys. He said there had been fewer electronics purchases than expected — […]

Walmart, in attempting to grow its instant delivery service, has hit some hurdles, according to The Wall Street Journal (WSJ) on Sunday (Nov. 28). The recent switch to more digital, quick forms of eCommerce has seen the popular retailer moving items from stores to homes directly, utilizing workers from food delivery apps like Uber Eats […]

Banking groups in the Eurozone want access to the London derivatives trading market — a multi-trillion dollar market — and other major markets. Finance trade bodies are positing that the bloc is at a “cliff edge” unless it moves to further extensions letting European Union trades go forth in the U.K. and other major markets. […]

Carzam, the used car site, has raked in £112 million toward its business to keep selling used cars, a report from The Telegraph says. According to chief executive Kirk O’Callaghan, the funding will let the company keep on improving tech and “continue to grow our customer and remarketing services in preparation to increase our unit […]

The National Bank of Egypt (NBE) has launched a B2B electronic payment service that includes collection and payment tools meant for use by businesses of all sizes, The Daily News Egypt reported Saturday (Nov. 27).  NBE’s new platform includes corporate credit cards, corporate debit cards, and automated payments and receipts, and is meant to help businesses’ transactions with wholesalers, retailers and […]

El Salvador’s move to make bitcoin a legal tender could end up causing problems at tax time elsewhere in the world, a report from The Telegraph says. A report says that the U.K.'s HMRC could face a legal challenge from investors who want to cut down on tax bills through a loophole for foreign currency. […]

Slice, the India-based FinTech providing credit cards, has become a unicorn as of a new $220 million Series B, which values the company at over $1 billion. Slice originally began as a Buy Now, Pay Later product but has changed to offer credit cards in an attempt to close a gap in the market. With […]

The European Parliament Committee on Internal Market and Consumer Protection (IMCO) has approved the Digital Markets Act (DMA) to put more stringent rules about big social media platforms in place. The new rules would require social media companies, or any platform with more than 45 million monthly end users, to answer more for unfair business […]

The U.K. will be looking at making its regulators help boost growth and competition in finance, in addition to their other tasks, a Wall Street Journal (WSJ) report says. Their normal duties like maintaining financial stability and consumer protection will still be first priority. But the changes, if they go through, will help give more […]