Thursday , March 28, 2024

E-Commerce

Eye On BNPL: Adyen Partners With Radial; WooCommerce Woos Affirm; Splitit Recruits BlueSnap

In a move to streamline its payment options for enterprise clients in the United States and Canada, Belgium-based omni-commerce logistics provider Radial Inc. is rolling out Adyen for Platforms, Adyen NV’s end-to-end payment solution for peer-to-peer marketplaces, on-demand services, and crowdfunding platforms.  Adyen for Platforms is aimed at enabling platform …

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Five-Year-Old Paysend Looks to a Big Year After Its Expansion to 7 Million Users

Digital alternatives to the long-time money-transfer services from The Western Union Co. and MoneyGram International Inc. are developing fast, a fact underscored by an announcement Tuesday by Paysend Group that its user count in the U.S. market now stands at more than half a million, up by two-thirds over the …

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Paddle Acquires Profitwell for $200 Million and other Digital Transactions News briefs from 5/25/22

Payments-technology provider Paddle announced it has acquired ProfitWell, a vendor of software for subscription metrics and retention automation. The deal is valued at more than $200 million in cash and equity.Apple Inc.’s tap-to-pay on iPhone is rolling out to its retail stores today, according to a Twitter post from Bloomberg reporter Mark Gurman. The …

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E-commerce Sales Through Marketplaces Are on a Roller Coaster Ride

The wave that lifted sales through e-commerce marketplaces during the initial stages of the Covid-19 pandemic is losing energy, according to data from Extensiv, a provider of omnichannel fulfillment solutions. Growth in average orders per merchant through Shopify Inc. has decreased 12% year to date, while other marketplaces—including eBay, Etsy, …

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EVO Payments Acquires North49 and other Digital Transactions News briefs from 5/23/22

Payments provider EVO Payments Inc. announced it has acquired North49 Business Solutions Inc., to enable integrated payment services for businesses using the Sage accounting system. Terms were not announced.Restaurant specialist SpotOn released a report on the impact of inflation on restaurants that found the biggest average price increase was in seafood restaurants, up 19% …

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Open Banking in the U.S. Is Moving Ahead, But Not Without Some Debate About Standards

With open banking fast becoming the backbone of today’s payments landscape, the need for an industry standard to ensure protection of consumer data is moving front and center. In the United States, where no such standard currently exists, the payments industry is at odds over whether the country should adopt …

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Outdoorsy Picks PayPal’s Pay in 4 and other Digital Transactions News briefs from 5/20/22

Outdoorsy, a company that arranges rental of recreation vehicles, said it will accept payments through PayPal Holdings Inc.’s buy now, pay later service, Pay in 4.Klarna AB initiated a three-day event called “Dream Deal Days” to observe hitting 150 million users and 400,000 merchant partners. The event, held across 19 markets around …

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Square’s New Tools Aim to Keep Restaurants a Step Ahead in the Technology Arms Race

Block Inc.’s Square unit late Thursday unveiled a suite of hardware and software tools the company says is aimed at helping restaurants manage orders, payments, and their overall business more efficiently as they wrestle with worker shortages and other fallout from the pandemic. The new technology also comes as competition …

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How Mobile Apps Have Become the Preferred Shopping Channel for Young and Old

When it comes to shopping, it’s becoming a mobile world. A report released on Thursday by omnichannel-platform provider NewStore Inc. reveals that 88% of consumers surveyed have at least one shopping app on their phone, 50% of respondents have more than four shopping apps, and 9% have more than 10. …

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SpotOn Raises $300 Million in Funding and other Digital Transactions News briefs from 5/19/22

SpotOn, a payments-technology provider serving restaurants and retailers, raised $300 million in a Series F funding round led by Dragoneer Investment Group LLC. The round, which comes just eight months after a Series E funding, values the company at $3.6 billion.Sphere, a healthcare payments and security software company, launched a …

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Digital Transactions