On The Web

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Domains

Amazon, Walmart Tell Consumers to Skip Returns of Unwanted Items

January 12 2021

• in
• Remote Commerce

“Retailers have a new message for consumers looking to return an item: Keep it. Amazon.com Inc., Walmart Inc. and other companies are using artificial intelligence to decide whether it makes economic sense to process a return. For inexpensive items or large ones that would incur hefty shipping fees, it is often cheaper to refund the […]

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Deals

Checkout.com Raises $450 Million and Reaches $15 Billion Valuation

January 12 2021

• in
• Remote Commerce

“Payments company Checkout.com is raising once again. The company has closed a $450 million Series C round with Tiger Global Management leading the round — Greenoaks Capital and all existing investors are also participating. If you’re not familiar with the company, Checkout.com wants to build a one-stop shop for all things related to payments, such […]

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Domains

PayPal and Shopify Remove Trump-related Accounts

January 8 2021

• in
• Remote Commerce

“Online commerce and payment services have stopped the flow of money to Trump-related accounts in light of Wednesday’s insurrection at the US Capitol. Software maker Shopify removed stores affiliated with President Donald Trump from its platform, and payment processor PayPal shut down an account raising funds for Trump supporters who traveled to Washington, DC.”

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Deals

Nets’ Subsidiary Paytrail to Acquire Checkout Finland

January 5 2021

• in
• Remote Commerce

“Nets Group’s Finnish online payment subsidiary Paytrail is to acquire fellow e-commerce specialist Checkout Finland from OP Financial. Checkout Finland, serving both ecommerce and physical stores with a wide array of payment options, has around 8,000 ecommerce merchants on its customer list and is expecting close to EUR12m of revenues in 2020, up from a […]

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Deals

Alphabet-backed fintech GoCardless nears $1 billion valuation amid digital payments boom

December 17 2020

• in
• Remote Commerce

“British financial technology start-up GoCardless is one step closer to reaching a $1 billion valuation thanks to accelerated demand for digital payments during the coronavirus pandemic…Founded in 2011, GoCardless processes direct debit payments — recurring transactions withdrawn directly from a customer’s bank account for things like subscriptions, invoices and installments — for its business clients.”

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Domains

E-Commerce to Total a Quarter of Global Retail by 2024, GroupM Forecasts

December 16 2020

• in
• Remote Commerce

“Online retail sales are expected to reach new heights in 2020, as the global coronavirus pandemic has forced many homebound consumers to shop online. That is not changing anytime soon. E-commerce spending is expected to grow by low-double-digit percentages through the next six years even after the end of social distancing measures forced by the […]

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Deals

Modal Raises $15M Series A To Rev Up The Online Car-Buying Experience

December 14 2020

• in
• Remote Commerce

“Buying a car can be a daunting experience, but Modal is out to make the process easier and in a way that can be accomplished from the comfort of your couch. “We aim to be the ‘ Shopify ’ for vehicle retail,” Modal founder and CEO Aaron Krane told Crunchbase News. “There has been a […]

On The Wires

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Domains

Online payment method iDEAL is renewed and gets new CEO

December 18 2020

• in
• Remote Commerce

“The popular online payment method iDEAL, that allows consumers to pay via their own bank, is being radically revamped. Currence, brand owner of iDEAL, will invest considerably to modernise the underlying technology and add value to iDEAL with new services.”

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Domains

Fast Opens Up Payments Technology to WooCommerce, Enabling One-Click Checkout for Millions of New Online Sellers

December 14 2020

• in
• Remote Commerce

“Fast , the world’s fastest online login and checkout experience, today announced a major expansion by making its one-click Fast Checkout product available to the four million e-commerce stores on the WooCommerce platform. When Fast Checkout was released in September, the product was made exclusively available to sellers on the BigCommerce platform. With today’s move […]

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Domains

UnionPay International Launches UnionPay PaybyLink to Help Small and Micro Merchants Start Online Retail

December 11 2020

• in
• Remote Commerce

“UnionPay International (UPI) announced today the launch of UnionPay PaybyLink, a link-based payment service, to provide merchants with a minimalist digital sales solution. With this solution, merchants are able to sell their products in just a few minutes by offering online payment service to UnionPay cardholders via means such as SMS and e-mail, without the […]