Shopify & Twitter Team Up Twitter’s foray into e-commerce intensified with the announcement that it has partnered with commerce platform Shopify. Shopify merchants can now simplify their customers’ buying process on Twitter. DCA Insight: Both companies benefit by boosting their social-commerce offerings. Enabling more shopping via social media drives engagement and revenue. This move helps Twitter be more on par...

Retailers Trim Sales Forecasts Large retailers including Target, Walmart and Kohls are increasing sales at slower rates than they did at the height of the pandemic. Rising rates of inflation are driving shoppers to curb purchases of discretionary items in favor of staples like groceries. DCA Insight: Spending pull-back has been sharper than predicted. Consumer wallets are being squeezed, driving...

AI Helps FinTech Firms Reach More Borrowers  Fintech lenders including Pentadata Inc., OppFi Inc. and LoanSnap are helping traditionally underserved borrowers get loans. These companies feed a wider range of data and use AI to determine credit eligibility, giving more people access to the credit market. It has been crucial for these fintechs to be able to have access to...

Russia’s Financial System: Visa & Mastercard Sanctions Western economic sanctions disrupted Russia’s financial system, with one exception, the WSJ reported. Russian consumers continued to use their Mastercard and Visa cards, even though these two organizations exited the country as the war began. Why? Payments made by these cards issued in Russia aren’t processed via U.S. networks, but rather through a...

[image_with_animation image_url=”22378″ animation=”Fade In” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”100%” max_width_mobile=”default”] Farfetch Invests $200 Million Into Neiman Marcus Online luxury retail platform Farfetch Ltd. is investing in Neiman Marcus. The investment will enable the luxury retailer to expand its brands overseas digitally, as well as more closely associate its e-commerce business with its in-store experience. DCA Insight: While consumers of...

Quotient and Figg Partnership to Bring New Product Savings to 100M+ Shoppers Quotient’s product-level rebates will be deployed through Figg’s card-linked offer programs MOUNTAIN VIEW, Calif. – September 14, 2021 – Quotient (NYSE: QUOT), the leading digital media and promotions technology company, today announced its digital, product-level promotions will now be available to more than 100M+ enrolled cardholders through a...

Digital Payments Giants Vie for In-Store Sales PayPal announced it’s bringing its Zettle product to the US. It will offer point-of-sale hardware and related services such as invoicing to small- and medium-sized merchants—estimated to be a $4 trillion market. Other digital payments players, i.e. Stripe, Square and Fiserv’s Clover are addressing the small business/in-store market as well. DCA Insight: As...

Largest US Companies Boosted Numbers of Black & Latino Board Directors This spring, S&P 500 companies tripled the share of new directors who are Black and more than doubled the share who are Latino, according to a recent article in the WSJ. Approximately 75% of the new directors are women, or belong to a racial or ethnic minority, up from...

Google Postpones Plans to Remove Cookies to Late 2023 Google’s plan to remove web-tracking cookies from Chrome has generated discord among the competition, regulators, privacy zealots, and the digital-media industry. In response, the Alphabet Inc. unit announced its browser Chrome would delay plans to stop supporting user-tracking technology (third-party cookies) from early 2022 to late 2023 to understand implications better....

[image_with_animation image_url=”20471″ animation=”Fade In” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”100%” max_width_mobile=”default”] Visa Acquiring Swedish Open Platform Tink The largest credit card company in the world, Visa, announced its plan to acquire Tink, a consumer-empowering open banking platform, and APIs, for $2.1 billion. The announcement comes after Visa backed out of a $3.5 billion deal to buy Plaid, a Silicon Valley...

[image_with_animation image_url=”20475″ animation=”Fade In” hover_animation=”none” alignment=”” border_radius=”none” box_shadow=”none” image_loading=”default” max_width=”100%” max_width_mobile=”default”] Google Postpones Plans to Remove Cookies to Late 2023 Google’s plan to remove web-tracking cookies from Chrome has generated discord among the competition, regulators, privacy zealots, and the digital-media industry. In response, the Alphabet Inc. unit announced its browser Chrome would delay plans to stop supporting user-tracking technology (third-party...

DCA Member Collinson Signs Largest US Bank Chase for Airport Lounges JPMorgan Chase is introducing travelers to a new airport lounge: Chase Sapphire Lounge® by The Club. Built and managed by DCA Member Collinson’s Airport Dimensions, this new loyalty offering will elevate the travel experience with a fresh approach to airport lounges. The new lounges will be announced in select...