A major focus for Shopify has been ensuring its merchants are equipped to reach consumers wherever they are, Shopify President Harley Finkelstein noted Tuesday (Nov. 12) during the company’s third-quarter earnings call. By streamlining the shopping experience, Shopify officials want to connect its platform to key...
Alibaba reportedly unveiled an artificial intelligence (AI)-powered search engine designed to help small businesses in Europe and the Americas source supplies. Dubbed Accio, the search engine finds wholesale products in response to businesses’ text or image prompts, CNBC reported Tuesday (Nov. 12), saying it had viewed demonstrations of...
Mastercard and Tap Payments have partnered to introduce a Click to Pay with Payment Passkey service for eCommerce transactions. The companies plan to launch the service in the United Arab Emirates (UAE) and then expand it to other markets across Eastern Europe, the Middle East and Africa, they...
The European Commission and the Consumer Protection Cooperation Network said Monday (Nov. 11) that Apple may face enforcement measures if it does not stop its geo-blocking practices on certain Apple Media services. The tech giant has one month to propose how it will address these...
London-based startup Fleek reportedly raised $20.4 million to expand its secondhand clothing platform. Fleek works with roughly 10,000 resellers and retailers in 70 countries, moving 2.5 million secondhand clothing items from 1,000 wholesale suppliers, TechCrunch reported Tuesday (Nov. 12. The company was founded by friends...
Mastercard has introduced a new platform designed to help financial and service providers offer their small business customers a way to consolidate the digital tools they use to run and grow their businesses. The Mastercard Biz360 platform provides a “one-stop shop” that allows business owners...
In the post-COVID world, corporates are faced with what should be an easy decision: creating better value for the organization, speeding time to new markets and creating new business models. AWS Global Head of Institutional Payments Nilesh Dusane and FIS General Manager of Enterprise Payments...
Tokens use encryption to protect sensitive payment information while allowing merchants and payment service providers (PSPs) to easily store this customer data for smoother, safer transactions. This provides numerous benefits including better customer experiences, more successful transactions and improved ability to store payment and...
As earnings season draws to a close, we’ve seen wide-ranging discussions of the consumer, of spending trends, lending trends, tap to pay and BNPL, of cross-border payments and remittances. The digital innovations and momentum are showing up in the business-to-business (B2B) space, too, particularly as...
