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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
The Hidden Cost of Checkout Gaps: What 56 Million Abandoned Carts Mean for U.S. Merchants and How Agentic AI is Changing What Comes Next
23+ hour ago (164+ words) PYMNTS.com The Hidden Cost of Checkout Gaps: What 56 Million Abandoned Carts Mean for U.S. Merchants and How Agentic AI is Changing What Comes Next They’ve picked the product and are ready to pay. Then their preferred digital wallet is missing,…...
Apple Enables One-Tap Gift Card Redemption in Upcoming iOS Update
2+ day, 10+ hour ago (228+ words) Apple’s upcoming mobile operating system, iOS 27, will enable users to redeem Apple gift cards by tapping them on a compatible iPhone, MacRumors reported Wednesday (Sept. 9). The iPhone will scan a security chip in Apple’s gift cards to verify that the…...
Rent the Runway Names Nordstrom Veteran Paige Thomas CEO
2+ day, 11+ hour ago (326+ words) Rent the Runway appointed its chief commercial officer and Nordstrom veteran, Paige Thomas, as CEO, president and member of the board of directors, the company said in a Friday (Sept. 11) press release. Thomas joined the company as CCO in June....
Cash App Pilots No-Fee Business Tools for Sole Proprietors
3+ day, 12+ hour ago (319+ words) Cash App is piloting a new experience that helps eligible sole proprietors accept peer-to-peer payments and manage their earnings in their personal Cash App account, the company said in a Thursday (Sept. 10) press release. This experience does not require a…...
Instacart???s Clementine AI Turns One Message Into a Grocery Cart
3+ day, 12+ hour ago (341+ words) Instacart launched Clementine on Wednesday (Sept. 9) in the United States and Canada, an AI assistant that turns a message like “high-protein easy dinners for two” into a ready-to-buy cart, built on 1.6 billion lifetime orders and 10 million daily inventory signals. It’s…...
Target Turns App AI Features Into Bigger Orders and Faster Checkout
3+ day, 14+ hour ago (371+ words) Target is seeing results from the artificial intelligence-powered shopping features it added to its app over the past year, the retailer said in a Tuesday (Sept. 8) press release. “Guests move naturally between our stores and digital channels, and we’re using…...
Macy???s Raises Outlook as Premium Goods Drive Sales Growth
3+ day, 15+ hour ago (458+ words) Adding higher-priced products and catering to middle- and high-income consumers helped drive sales growth across the Macy’s, Inc. brands in the second quarter, executives said Thursday (Sept. 10) during an earnings call. Macy’s, Inc. saw growth across all its brands, including…...
Walmart Expands Tap to Pay as Amazon Builds Its AI Capacity
3+ day, 16+ hour ago (714+ words) Walmart is loosening control at checkout to strengthen the broader customer relationship, betting that payments can become more open as long as identity, loyalty, data and engagement stay inside its ecosystem. Amazon is pushing retail competition upstream into AI infrastructure,…...
Walmart Adds Papa John???s to Restaurant Delivery Partner List
3+ day, 16+ hour ago (418+ words) Walmart is reportedly expanding its restaurant delivery program with a new partnership with Papa John’s. As Bloomberg News reported Thursday (Sept. 10), Walmart says food from the pizza chain can be delivered in 30 minutes or less from the retailer’s website or…...
AI Takes the First Step in Shopping While Consumers Keep the Buy Button
4+ day, 14+ hour ago (733+ words) Nearly 50 million U.S. adults begin retail product research with AI, and 39 million have moved away from the channel where they started. AI changed at least one purchase decision for 83% of retail researchers who used it, including the price, brand, product or…...