- The National Retail Federation predicts total industry sales this year will increase 3.8% to 4.4% over 2017’s levels, with online and other non-store retail sales rising 10% to 12%.
- A startup called WeTravel, which streamlines travel planning, booking, and payments for small businesses, has closed a $2 million funding round.
- Visa Inc. said it has acquired Fraedom, a London-based company whose cloud services help financial institutions and their corporate customers manage payments. Terms of the deal, which is expected to close by the end of March, were not disclosed.
In the hotly contested market for person-to-person transactions, PayPal Holdings Inc.’s Venmo unit has rarely …