On The Web

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Companies

Square Introduces New Developer Tools for Square Online And Online Selling

May 14 2021

• in
• Remote Commerce
• Square

“At its fifth annual partner and developer conference, Square Inc. on Thursday announced three new tools for software developers: Snippets API for Square Online, Loyalty API, and the Web Payments software development kit (SDK). The new tools arrive as e-commerce volume has exploded in the past year and as larger sellers account for a greater […]

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Companies

PayPal to Buy Online Returns Start-up in Its Latest Run at the Retail Shopping Space

May 14 2021

• in
• PayPal
• Remote Commerce

“PayPal is making another acquisition in the e-commerce space as it moves beyond payments and into physical and online retail. The digital payments giant announced a deal to acquire start-up Happy Returns on Thursday for an undisclosed amount. The 120-person Santa Monica-based company lets people return things they bought online, in person…The acquisition will help […]

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Deals

Stampli Raises $50 Million in Series C to Help Companies Intelligently Manage Invoices

May 13 2021

• in
• B2B

“This morning Stampli , a software platform that optimizes corporate invoice management, announced a $50 million Series C financing round, led by Insight Partners with participation from Signalfire and Nextworld Capital. The company launched in 2015 with the goal of simplifying the process of invoice management. Why is that needed? Services and software are purchased […]

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Domains

Hong Kong Looks to Expand Cross-Border Tests of Digital Yuan

May 13 2021

• in
• Central bank digital currencies (CBDC)
• Cross-border payments

“Hong Kong is in talks with China to expand cross-border testing of the digital yuan after the first phase proceeded smoothly, another step toward wider adoption of the currency. The Hong Kong Monetary Authority recently conducted tests with the Digital Currency Institute of the People’s Bank of China, involving a bank designated by the mainland […]

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Deals

German Payments Software Firm Serrala Put up for Sale -sources

May 12 2021

• in
• B2B

“German payments software firm Serrala has been put up for sale as its private equity owner Waterland hopes to benefit from high sector valuations, people close to the matter said…Payment technology firms have seen a surge in business as people switch to digital transactions, raising their values…The fintech company makes software that manages all inbound […]

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Domains

TikTok Begins Testing In-App Shopping to Challenge Facebook

May 12 2021

• in
• Remote Commerce
• Social media

“ByteDance Ltd. ’s TikTok is working with brands including streetwear label Hype to test in-app sales in Europe, a move that will intensify its competition with Facebook Inc. and further blur the line between social media and online shopping. The popular video app is hoping to replicate abroad the success of its Chinese-only cousin Douyin, […]

On The Wires

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Domains

Bolt Launches Bolt SSO Commerce™: Redefining the Login Layer for Commerce to End Guest Checkout

May 12 2021

• in
• Remote Commerce

“Bolt , the leading checkout experience platform, today announced the launch of Bolt SSO Commerce™, the first single sign-on checkout experience that helps retailers engage directly with their customers by turning anonymous, guest shoppers into logged-in account holders whose insights and feedback brands can use to offer more personalized shopping experiences…With Bolt SSO Commerce, a […]

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Domains

Paymode-X Expands Network With Billtrust’s Business Payments Network

May 12 2021

• in
• B2B

“Billtrust (NASDAQ: BTRS), a B2B accounts receivable automation and integrated payments leader, announced today that Bottomline Technologies (NASDAQ: EPAY), a leading financial technology provider, will connect its Paymode-X payers to new card acceptance endpoints via Billtrust’s Business Payments Network (BPN). Bottomline customers are now able to use BPN’s connected platform of suppliers to quickly and […]

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Domains

Fiserv and State Farm® Speed Fire and Auto Claim Payments With Digital Payout Solution

May 11 2021

• in
• Payouts

“State Farm , the largest insurer of cars and homes in the nation, is accelerating the claims payout process for customers with technology from Fiserv, Inc. (NASDAQ: FISV), a leading global provider of payments and financial services technology solutions. State Farm is incrementally deploying digital payout technology from Fiserv, which will enable the company to […]

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Deals

Remitly Receives Investment From Visa to Help Accelerate Expansion of Cross-Border Money Transfer Network in Emerging Markets

May 11 2021

• in
• Remittances

“Remitly , the mobile-first provider of remittances and financial services for immigrants, today announced new funding from Visa, a world leader in digital payments. On the heels of a meaningful year for Remitly, Visa has made an equity investment in the digital provider, showcasing confidence in the quality and continuity of Remitly’s vision to provide […]