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India’s Future Group Cuts eCommerce Venture, Lays Off About 400

PYMNTS

Future Group , the Indian conglomerate headquartered in Mumbai, is downsizing its eCommerce division Retail 3.0 The layoffs affected sales, product development, marketing and ground operations and took place over the last few months, two sources said. By 2018 the company had 500-600 employees developing digital assets for Retail 3.0.

Groups 101
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Floating The Next Big Idea For Social Commerce

PYMNTS

For example, say you’re in the market for a new car. Each of the 50 states has different rules and regulations regarding lotteries, contests and bidding, which is one of the reasons Rizvi believes that potentially huge competitors like Amazon and eBay will think hard before entering this space. They will accept 76 floats at $500.00

Hawaii 141
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15 Twitter accounts every bank executive should follow

Abrigo

3) @JohnRBarlow – John Barlow is president of Barlow Research, which provides market research for commercial banks. His Tweets mix news about middle market, small business and business internet banking with occasional pop culture references. It often Tweets columns tied to breaking news and statistics.

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A Bundle Of Contradictions: The Online Privacy Landscape

PYMNTS

Europe’s General Data Protection Regulation (GDPR), California’s similar law , Facebook’s ongoing costs and stock price plunge in the aftermath of the Cambridge Analytica scandal — all point to a new, stricter attitude about keeping online data private. Overall, 69 percent of consumers favor GDPR-like regulations in the United States.

Online 101
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The New Financial Paradigm

Cisco

The dramatic change of habit in the behavior of banking customers, digital natives or not, has brought adoption of digital payment methods and new interaction channels. Various regulations, PIX, Open Banking and hundreds of innovations are completely changing the rules of the game in this industry.

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Wine Consumers Get A Healthy Pour Out Of The Pandemic

PYMNTS

The pandemic has brought a surge in eCommerce wine orders, which has been both advantageous and challenging for wine suppliers and retailers. There are always adjustments that we need to look at in our business that may not be apples-to-apples to traditional retail, but we expect to see solid growth year over year.

Retail 141
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Airbnb’s IPO, Amazon Pharmacy, Mobile Banking Top This Week’s News

PYMNTS

Retailers around the country are reinstating measures to limit shopping crowds and prevent product shortages, all intended to counter the spread of COVID-19. Chipotle Personalizes Loyalty Program, Digital Ordering Experience. The news sent ripples through the entire pharmacy ecosystem, particularly in the stock market.

Mobile 160