Payments News
nbsp;

Deals

Weengs, the UK Logistics Startup for Online Retailers, Collects £6.5M Series A

April 18 2019

““Our business is part of the rising omnichannel opportunity we are seeing in retail,” says Pier Ronzi, Weeng’s more recently added co-founder and CEO. “Increasingly, it makes sense for retailers to ship-from-store. Basically cities and stores are becoming distributed inventories that retailers can leverage to increase their business and Weengs helps them [by] offering a […]

On The Web

nbsp;

Domains

US Ecommerce Sales Grow 15.0% in 2018

February 28 2019

“Consumers spent $517.36 billion online with U.S. merchants in 2018, up 15.0% from $449.88 billion spent the year prior, according to a new Internet Retailer analysis of industry data and historical U.S. Commerce Department figures. That’s a slight slowdown from 2017, when online sales grew 15.6% year over year, according to Commerce Department figures. Total retail sales, […]
nbsp;

Domains

POS Developer Adds Stripe Terminal Support for Card-Present Transactions

February 26 2019

“SuiteRetail, a Wilmington, Del.-based point-of-sale software developer, completed integration of  Stripe Inc.’s merchant-processing services into its apps, giving merchants the ability to use Stripe for their in-store and online transactions. Merchants using SuiteRetail’s SuitePOS for NetSuite or Salesforce now can complete their online processor and store set-up for Stripe. The integration also enables them to use Stripe Terminal in stores […]
nbsp; nbsp;

Deals

PayPal to Invest $750M, and Dragoneer $100M Into MercadoLibre, Argentina’s E-commerce Powerhouse

March 12 2019

“It’s not only SoftBank that’s eyeing up the opportunity to tap into the quickly expanding market for e-commerce in Latin America. MercadoLibre, a marketplace and financial services powerhouse based out of Argentina and serving 18 countries across the region, has announced that PayPal is investing $750 million, and VC Dragoneer another $100 million, as part of a $1.8 billion equity […]
nbsp;

Domains

Instagram Checkout Tests Power of Social Media for Mobile Commerce

April 2 2019

“Now, with Instagram Checkout, which went live March 19, Instagram is definitely in the faces of consumers by melding discovery and purchase. To use Checkout, an Instagram member stores a credit card or PayPal data and a shipping address within Checkout. The app also lets shoppers initiate returns, cancel orders and get shopping support, according […]
nbsp;

Domains

4 New Ways to Pay for Canadian Merchants

April 5 2019

“To capitalize on the opportunity, successful retailers minimize friction during the mobile purchasing process, especially at checkout. Checkout is the moment when consumers part with their money but have not yet seen, touched, or received their product — any friction can give the consumer an opportunity to reconsider their purchase and abandon their cart. In […]
nbsp;

Domains

Instagram Shopping Checkout: Simple, Convenient and Secure Shopping

April 2 2019

“Checkout enhances the shopping experience by making the purchase simple, convenient and secure. People no longer have to navigate to the browser when they want to buy. And with their protected payment information in one place, they can shop their favorite brands without needing to log in and enter their information multiple times.”
nbsp; nbsp;

Domains

Adobe Launches Its Commerce Cloud, Based on Its Magento Acquisition

March 27 2019

“Adobe today announced the launch of its Commerce Cloud, the newest part of the company’s Experience Cloud . Unsurprisingly, the Commerce Cloud builds on the company’s $1.68 billion acquisition of Magento last May. Indeed, at its core, the Adobe Commerce Cloud is essentially a fully managed cloud-based version of the Magento platform that is fully […]