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Securing The Growing Digital Opportunity

PYMNTS

But even the most enthusiastic futurist or technologist couldn’t have forecast that by the first week of May 2020 the world would no longer be going digital so much as gone digital in response to black swan events that radically hit reset on our working, commerce and personal lives nearly overnight.

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Retail Sales Numbers Predict A Cruel April

PYMNTS

With some analysts estimating a 4 to 24 percent drop the number was surprisingly low. While the overall number broke records on the negative side, binge-buying put food and beverage at a record 25.6 However, the unprecedented nature of the COVID-19 crisis make these numbers difficult to act on. Overall sales fell 8.7

Numbers 52
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Petco Aims At $4 Billion Valuation In IPO

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Petco will file its initial public offering (IPO) with a valuation of almost $4 billion, according to a registration statement filed with the Securities and Exchange Commission (SEC) Wednesday (Jan. eCommerce was a fast-growing channel for pet-related shopping even before the pandemic, making $12.2

Valuation 102
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Poshmark Prepares To IPO

PYMNTS

The company filed a draft registration statement with the Securities and Exchange Commission (SEC) in order to do so. The number of shares to be sold and the price range haven't been determined yet, the release stated. It found that the desire for such social shopping has fueled brand discovery and eCommerce transactions.

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How High-Tech And High-Touch Can Help Merchants And FIs Grapple With Chargebacks

PYMNTS

In the age of eCommerce, chargebacks are on the rise. That amount is leagues above the original forecast of $225,000. Jankowski noted that the pandemic had played havoc with a significant number of merchants. Leveraging advanced technologies like 3-D Secure and tokenization add more levels of protection amid the eCommerce boom.

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Return Season Hits Hard; Some Retailers See Bright Side Of Customer Experience

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With Mastercard putting a 49 percent tag on the eCommerce spike for the holidays, this year will be the toughest on record for handling what is a resource- and capital-intensive task. In a worst-case scenario forecast, according to commercial real estate firm CBRE, the take will be much lower at about $70.5

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Today In Payments: Enova To Aquire OnDeck In $90M Deal; PayPal Reports Record Quarter

PYMNTS

Report: India’s National Payments Corp Vulnerable To Security Breaches. of India (NPCI) discovered over three dozen security risks in 2019. Shipt forecast pre-pandemic that eCommerce grocery delivery would reach approximately $20 billion around 2025. National Payments Corp.