Now amidst the connected economy, Amazon is reportedly getting a page from TikTok as it tests the app’s new live stream shopping feature.
Also, as customers flock to same-day deliveries, Target doubled down on investments in local sorting centers, and Sen. Pat Toomey criticized the FDIC’s actions against cryptocurrencies.
Amazon wants to ‘inspire’ consumers to shop TikTok-style
Amazon is testing the app’s ability to display product images and videos to shoppers. This is similar to his TikTok, a popular video social media platform.
The portal, called “Inspire,” has so far been visible only to a handful of employees at the retail giant, according to a Wall Street Journal report.
Inspire provides users with a feed containing a stream of product images and videos, enabling them to like, comment on, and instantly purchase products.
Target doubles down on sorting centers as demand for same-day delivery surges
Target wants to double its investment in local sorting centers because demand for same-day delivery is so high.
The company’s CEO, Brian Cornell, said the company’s intensified efforts to meet demand for same-day and in-store order pick-up are a result of changing consumer habits and the 90 million It said it was due to the increase in traffic to its stores and website, which added 10,000 new customers.
“Our industry-leading same-day service has transformed our business in a short period of time,” Cornell said on the retailer’s second quarter earnings call.
Toomey: FDIC “improperly” restricts crypto trading amid US crackdown
Senator Pat Toomey (Republican) has sent a letter to the Federal Deposit Insurance Corporation (FDIC) urging regulators to “inappropriately” pressure banks to “dissuade them from doing business with legitimate cryptocurrency-related companies.” I demanded to know if I was on the phone. To “dissuade banks from extending credit to crypto-related companies,” he said.
Referring to what he called a “whistleblower” report, the top Republican on the Senate Banking Committee, Toomey, said the FDIC’s regional offices would “refrain from expanding ties with cryptocurrency-related companies.” I learned that I had sent letters to multiple banks requesting that I do so.” Provide a legal basis for sending such letters. ”
Toomey said some of those “planned to provide customers with access to the trading platforms of crypto-related companies via the bank’s mobile or internet banking apps.” He planned a “clear disclosure” that such investments would not be insured by the FDIC.
Checkout.com Boosts Authentication Tools to Reduce Abandoned Carts
Payments company Checkout.com is launching enhancements to its authentication products to help online businesses reduce abandoned carts as new strong customer authentication (SCA) requirements come into force in Europe.
Rami Josef, Product Director at Checkout.com, said: blog post.
Joseph added that consumers in Europe were abandoning their carts before completing purchases because of the additional authentication requirements.
Sezzle and Klaviyo join forces to combat cart abandonment
Sezzle, a buy now pay later (BNPL) company, has launched a direct integration with marketing automation platform Klaviyo.
Rich Gardner, Vice President of Global Strategic Partnerships at Klaviyo, said:
“Sezul’s purpose-driven approach to payments and financial freedom mandate aligns directly with Klaviyo’s vision of empowering creators to shape their own destinies.