Author: Sarim Pixako

In a move that caught much of the world off guard, athleisure giant Lululemon announced plans this week to buy home-exercise technology startup Mirror for an impressive $500 million. The deal comes as the global pandemic has shut down gyms nationwide, leaving U.S. consumers finding ways to digitally transplant their gym workouts into their homes — a real boon … Continue reading Why Lululemon’s $500M Mirror Deal Is A Muscular Move Into ‘Contextual Commerce’ Continue Reading →

B2B payments account for $25 trillion in the United States each year, but these transactions are often fraught with frustrations and challenges. Studies have found that B2B invoices take an average of 37.4 days to settle, a pace that is largely due to the business world’s lingering reliance on analog payment methods like paper checks. Digitizing these payments … Continue reading U.S. Bank: How Legacy Systems Impede Open Banking Adoption Continue Reading →

Tokens are incredibly powerful tools to secure data and safely transport it from one point to another. Now is the time to take a broader look at them in the pandemic’s wake and the emphasis on touchless and digital commerce, CyberSource Vice President of Global Acceptance and Processing Mark Norris told PYMNTS in a MasterClass discussion. He said tokens … Continue reading Tokenization And Getting A 360-Degree View Into Consumer Spending Continue Reading →

COVID-19 showed up unbidden, unwanted and unexpected, frustrating the best-laid plans of companies, financial institutions (FIs) and more with little warning. But for credit-union servicer CO-OP Financial Services, an 18-month effort to stand up a 150,000-person call center came to fruition in mid-March, just days before shutdowns began going into effect nationwide. So, while knowingly preparing for … Continue reading Credit Unions, ATMs And The Great Digital Banking Shift Continue Reading →

For one of his first assignments early in his consulting career, Alex Ramirez was given a task in warehouse operations, and the client was a retailer called Walmart. From this auspicious beginning, Ramirez — now CEO of warehouse management platform CognitOps — has been working on and innovating in an essential-but-underappreciated part of eCommerce, bringing data and artificial intelligence (AI) into the … Continue reading Using Data And AI To Power The Brain And The Brawn Of The Warehouse Continue Reading →

Stay-at-home mandates have consumers spending more on subscriptions, ranging from streaming services to buying retail products for day-to-day use. It is perhaps not surprising that merchants that are offering subscription services are flourishing. Yet, these services are still not immune to experiencing churn. Both consumers and businesses are tightening their belts in the face of … Continue reading NEW DATA: The Five Subscription Features That Could Keep Millions From Clicking ‘Cancel’ Continue Reading →

Partnerships of legacy financial institutions (FIs) and FinTechs are bringing forth some of the coolest experiences in banking. It’s a trend exemplified by open banking — the European invention that’s circling the globe, making news and putting some flash back into money. New open banking options are inevitably attracting fans on the evil side of … Continue reading Open Banking Takes On Financial Crime Big Time Continue Reading →

To let agricultural suppliers in its supply chain roll out bolstered versions of their online shopping websites, Chipotle Mexican Grill unveiled the Shopify-powered Chipotle Virtual Farmers’ Market. The quick-service restaurant (QSR) chain’s suppliers will have the ability to provide dairy, meat and grain items — as well as other products — directly to shoppers throughout the nation, … Continue reading Chipotle Mexican Grill Unveils Virtual Farmers’ Market Featuring Suppliers Continue Reading →

The shift to “Digital 3.0” is bringing a new technology into focus. Get ready for composable commerce. The term has a lot to do with technical infrastructure, but it is essential knowledge for all online retailers. As companies of all sizes try to keep up and stay ahead of the digital consumer, composable commerce will … Continue reading ‘Composable Commerce’ Enables Shift To Digital 3.0 Continue Reading →

The Facebook ad boycott – which first found traction with retailers – gained momentum on Monday (June 29), as more brands joined the list of companies that have hit “pause” on the social media platform. Among the companies joining retailers REI, Patagonia, The North Face and Eileen Fisher on Monday were some significant Facebook spenders, including Coca-Cola, … Continue reading Facebook Responds To Advertiser Boycott Continue Reading →