Payments News

On The Web

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Domains

PayPal Opens up Access to E-commerce Platform That’s Already Used by Instagram and Facebook

“PayPal is rolling out a new e-commerce platform that gives small businesses the same access to the online shopping infrastructure as tech giants like Facebook. The new platform brings together existing parts of PayPal’s payments business — letting merchants accept money online and shoppers to check out through PayPal. It also opens up back-end systems […]
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Domains

IKEA to Revamp App As Store Strategy Shifts

“IKEA is launching a new app to allow customers to shop remotely for products they can visualize in the context of their own homes, lessening the need for them to travel to its vast network of self-service, out-of-town stores. The world’s biggest furniture retailer is shifting its business model away from pushing customers through its suburban […]
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Domains

MercadoLibre Soars to Record as Payments Growth Impresses Street

“Latin American e-commerce retailer MercadoLibre Inc . is getting a boost from its payments push .    American depositary receipts for the Buenos Aires-based company jumped as much as 20 percent to a record high on Friday after first-quarter revenue beat the highest analyst estimates . “Strong” payments growth overshadowed a slowdown in gross merchandise […]
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Domains

Walmart Emphasizes Omnichannel With Canadian ‘Urban Superstore’

“Walmart will update an existing Toronto location with a new “Urban Superstore Concept” designed to meet the needs of young city-dwelling families. The location will feature tighter e-Commerce integration, more in-store technology and an improved product assortment, among other enhancements. One of the store’s key features is Fast Lane checkout technology, which leverages the My […]
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Domains

Shopify Announces New Partner and Developer Tools, Plus an AI-powered Fulfillment Network

“Shopify today announced a slew of enhancements to its direct-to-consumer platform for brands. The company announced a new Shopify Plus for enterprise, unveiled its next-generation Point of Sale (POS) software, and added more language, payment, and store capabilities. The company also gave developers a handful of new tools. But the biggest news was arguably the […]
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Companies

Walmart’s Q2 E-commerce Growth Bolstered by Online Grocery, Prime Day Sales Bump | ZDNet

“Walmart’s e-commerce business continues to be a bright spot in the company’s sales growth, with online grocery contributing significantly to its gains in digital. Walmart also gave a nod to its “four-day July sales event” that countered Amazon Prime Day for giving its Q2 e-commerce sales a boost. Overall, the world’s largest retailer reported comparable […]
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Domains

After a Quarter Century, E-Commerce Heads Into New Territory

“Hard to believe, but e-commerce is a quarter-century old. Along the way, e-commerce radically changed retailing and payments, and now it’s heading into a future with more growth certain but where payments are more in the background. Visa Inc. this week reported in a blog post that the first e-commerce payment was made on Aug. […]

On The Wires

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Domains

Shopify to Acquire 6 River Systems

“With the acquisition of 6 River Systems, Shopify will add a team with decades of experience in fulfillment software and robotics, including experienced leaders from Kiva Systems (now Amazon Robotics). Adding 6 River Systems’ cloud-based software and collaborative mobile robots called “Chuck” to the Shopify Fulfillment Network will increase the speed and reliability of warehouse […]
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Domains

LimeLight Launches New Mastercard Compliance Toolkit to Protect ECommerce Sellers & Subscribers

“LimeLight , the leading end-to-end eCommerce engine designed to maximize revenue for subscription businesses, today launched a new toolkit built to quickly and easily help online merchants operate within Mastercard’s new Continuity Regulations. This new toolkit enhances LimeLight’s unified eCommerce engine, which provides flexible billing, advanced analytics, fraud protection and more than 400 partner integrations.”