Новости за 03.12.2021

Supply chains continue groaning under the weight of material shortages and shipping delays leading to historic out-of-stock (OOS) positions, and are steering consumers to substitutions. At best, it’s a lose-lose-win scenario. Customers don’t get desired brands, and brands lose the sale. The retailer wins — but only if the shopper accepts a substitute. If not, […]

It’s 1957. Russia just launched the Sputnik satellite, so everyone’s on edge. “Doctors” in TV commercials tell us cigarette smoking is okay. Elvis Presley’s “Too Much” is the No. 1 song, “Around the World in 80 Days” wins the Oscar for best picture, and a new fast-food item known as “The Whopper” has just appeared […]

United States and Canadian firms’ days sales outstanding (DSO) measurements are getting longer, but these businesses have the power to change course. Investing in digital innovations like virtual cards can help them receive payments faster and also provide a number of additional efficiencies. Thirty-nine percent of firms now use virtual cards for B2B payments, according to Accelerating The […]

Predicting the Consumer Financial Protection Bureau’s agenda for 2022 based on this year’s rulemaking isn’t quite as easy this year, as the bureau was without a permanent director until mid-October, when Rohit Chopra was sworn in. The CFPB was fairly open about that, noting in its Spring 2021 Regulatory Agenda statement that it expected “that […]

In recent weeks, the European Union has slapped hefty fines on some of the world’s largest technology companies while putting in place rules to limit how Big Tech companies like Amazon, Apple, Facebook, Google and Microsoft stifle competition with anticompetitive practices. Related: EU Competition Chief Urges Final Push To Pass Big Tech Rules Earlier this […]

There is a game that generations of American kids play when they go to the beach that goes something like this: If we dig deep enough, I wonder if we can make it all the way to China? It’s a fun little endeavor that usually gets curtailed by hunger, boredom or the incoming tide, but […]

Advised to separate its eCommerce business from its physical stores, Macy’s is debating how best to approach the concept without alienating its online shoppers who depend on the retail shops for pickups and returns, Reuters reported on Friday (Dec. 3), citing sources familiar with the talks. The iconic retailer has been in talks with consulting […]

Ulta Beauty, Inc. added seven new stores, relocated two existing locations, remodeled three others and closed one store in the third quarter of fiscal 2021 ending Oct. 30 — giving the beauty brand 42 new stores, four relocated ones, eight remodeled shops and four closed locations for the year so far. The new stores in […]

Starting Friday (Dec. 3), Britain’s regulatory body, the Financial Conduct Authority (FCA), will enforce a series of new listing rules in a move that is expected to strengthen the financial center’s ability to compete with New York and the European Union following Brexit. According to a statement released by the FCA, the revised listings rules […]

China-based ride-hailing group Didi Global won’t be listing in the U.S. after all, pursuing a listing in Hong Kong instead, the company announced Thursday (Dec. 2). The release says that the company board supports that course of action, adding that Didi “will organize a shareholders meeting to vote on the above matter at an appropriate […]

Welcome to the first of PYMNTS’ eight-part series on decentralized finance (DeFi). Over the coming days, we’ll be looking at every part of DeFi — the biggest, hottest, most rewarding and risky part of the blockchain revolution. At the end of it, you’ll know what DeFi is, how it works, and the risks and rewards […]

Goldman Sachs is currently undergoing an education on how to use bitcoin as collateral for cash loans, according to a Thursday (Dec. 2) report from Coindesk. Goldman doesn’t plan to touch crypto spot markets; instead, the bank, and others like it, plan to rely more on synthetic crypto products like future. The banks are trying […]

Openpay, the diversified payment and POS lending FinTech, has teamed with American Express to help offer more access to lending and payments for bigger purchases, a press release says. The partnership will see American Express card members able to make purchases through their cards, funding through the Opy Buy Now, Pay Smarter (BNPS) product. The […]

Coinbase has had some grandiose things to say about its Coinbase Cloud division in the past year. Expect that to increase now that the turnkey infrastructure's clients have more than $30 billion staked on the 60,000 hosted nodes it manages for more than 30 blockchains. “By empowering current and future builders of the crypto-economy,” Coinbase […]

Grab has seen its shares lose over a fifth of their value on its first day in trading in New York, per a Wall Street Journal (WSJ) report Thursday (Dec. 2). The ride-hailing and delivery company has been set back shortly after its merger with a special purpose acquisition company (SPAC). The WSJ notes that […]

In today’s top Europe, Middle East and Africa (EMEA) news, the U.K. revises listing rules for exchanges; Facebook could face potential litigation over alleged European Union privacy violations; the U.K.’s Financial Conduct Authority (FCA) scraps a 90-day reauthentication open banking rule; Wirex launches a $1 million token holiday giveaway; Verto and Banking Circle partner on […]

Both tech giants and governments have been debuting new rules that could throw off the flow of user data that is used by companies for targeting with online ads, The Wall Street Journal (WSJ) reported Thursday (Dec. 2). Apple, for example, has changed things on its devices to restrict how users can be tracked, and […]

Collection agencies can now reach out to debtors by text, email and social media following new rules enacted by the Consumer Financial Protection Bureau (CFPB), according to multiple reports. Changes to the 1977 Fair Debt Collection Practices Act are the first since its inception and were deemed a necessary update, Kathleen L. Kraninger, the former […]

Treasury Secretary Janet Yellen says she doesn’t know whether or not the Federal Reserve should make a digital version of the dollar, Reuters reported Thursday (Dec. 2). However, such a move would need a broad agreement among Congress, the U.S. central bank and the White House. In a Reuters Next conference, Yellen said there were […]

In today’s top retail news, U.S. consumers plan to do half of their remaining holiday shopping online, while Dollar General executives say they don’t plan to raise core product prices in contrast to rival Dollar Tree. Also, Apple is warning suppliers that demand for the new iPhone is slower as customers postpone upgrades, and direct-to-consumer […]

Wa’ed, the entrepreneurship arm of Saudi Aramco, has invested in the Riyadh-based FinTech startup Lamaa, the companies announced Thursday (Dec. 2). Lamaa focuses on supply chain finance and buy now, pay later (BNPL) services for small- to medium-sized businesses (SMBs). The SAR 19 million ($5 million) Pre-Series A funding will help out with developing Lamaa’s […]

Feel like ordering takeout? With this month’s PYMNTS Provider Ranking of Mobile Order-Ahead Apps, which compares restaurant apps based on data about their ordering capabilities, their loyalty offerings, the amount of time users spend on the app and the number of active users, Domino’s held onto the crown, while other leaders in the space did not […]

The COVID-19 pandemic is pushing global B2B firms to eCommerce channels and marketplaces, and the payments and processes that go with them. B2C firms adapted to digital years ago, but B2B was slower to adapt.  That changed with the pandemic, however, as more businesses began migrating to digital channels to keep their operations functioning in […]

Update: Grab shares dropped 21% to $8.75 on the company’s first day of trading on the Nasdaq, Thursday (Dec. 2). The slump gives Grab a market capitalization of about $34.6 billion, The Wall Street Journal (WSJ) reported. Previous: Grab’s Nasdaq debut Thursday (Dec. 2) is off to a bumpy start, with shares falling throughout the […]

The on-demand grocery delivery market in New York City continues to grow more competitive. Boxed, the New York City-based online wholesale retailer, announced Monday (Nov. 29) its acquisition of MaxDelivery, another New York-based grocery eTailer that provides one hour grocery deliveries. The deal is expected to close later this month. “This acquisition of MaxDelivery will […]