In immediately’s prime information, the chair of the U.S. Securities and Exchange Commission (SEC) stated cryptocurrency wants extra regulation, and Walmart has acquired telehealth agency MeMD. Plus, Square’s earnings report confirmed optimistic developments in in-person and on-line purchases.
SEC Chair: Congress Should Regulate Crypto Exchanges
In his first public listening to as chair of the SEC, Gary Gensler stated that Congress ought to take an even bigger function in bringing regulatory readability to cryptocurrency proceedings, particularly relating to crypto exchanges.
Walmart Health Acquires Telehealth Provider MeMD
Walmart has expanded its omnichannel well being companies with the acquisition of multispecialty telehealth supplier MeMD. In the subsequent few months, Walmart will use the acquisition to present extra entry to digital care across the nation, together with pressing, behavioral and first care.
Square’s Card Not Present GPV Surges 34 Percent
Many observers could have been centered on bitcoin. And sure, that enterprise was buoyant at Square. But the standard enterprise noticed surging gross funds quantity (GPV) and transaction development — in individual and over digital channels. Management pointed to energy in eCommerce and midmarket sellers.
eCommerce Fraud Prevention Firm Riskified Mulls IPO
Amid a COVID-fueled growth in eCommerce—and its accompanying fraud—Riskified is contemplating an preliminary public providing (IPO) that might come this yr. The startup makes use of machine studying to battle eCommerce fraud and stop chargebacks.
NEW REPORT: How Online Merchants Build Trust With First-Time Customers
Keeping information safety entrance and middle may help retailers put first-time prospects comfortable — and hold them coming again. In The Trust Quotient: How Merchant Trust Drives Shopping Behaviors, PYMNTS surveys 2,563 U.S. shoppers to higher perceive what visible cues shoppers search — and have to construct belief — when deciding to take a look at with a service provider they’ve by no means shopped earlier than.
Fashion Wholesalers Walk The Runway Into The Digital-First Economy
Before the pandemic, it was exhausting to think about style shopping for with out the runway, cool lighting and cocktails. Now, Joor CEO Kristin Savilia informed PYMNTS that not solely is the style purchaser doing her shopping for on-line however has dragged paper invoices and the analog Excel sheet alongside for the digital journey.
Retail’s (Margin) Conundrum Hinges On eCommerce Surges
Higher delivery prices, on the highway. Higher container prices, over the seas. Even increased field prices. Retailers have loved the top-line torque of eCommerce. But prices are inching increased, which interprets to increased client costs — this towards, after all, the endless battle with Amazon. PYMNTS breaks it down.
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NEW PYMNTS STUDY: SUBSCRIPTION COMMERCE CONVERSION INDEX – APRIL 2021
About The Study: One third of shoppers who signed up for subscription companies inside the previous yr had been simply in it for the free trial. In the 2021 Subscription Commerce Conversion Index, PYMNTS surveys 2,022 U.S. shoppers and analyzes greater than 200 subscription commerce suppliers to zero in on the important thing options that flip the “subscription curious” into sticky, long run subscribers.
