As evolving regulations change the economics of third-party restaurant delivery, DoorDash is rolling back certain driver perks in New York City in response to the increased minimum wage for delivery workers. The United States’ leading aggregator announced Monday (Dec. 4) that it is making changes...
Amazon is going to adjust its fulfillment fee structure to provide more transparency to sellers by creating separate fees for specific capabilities. Beginning Jan. 15, 2024, the company will specify different fees for sending products into its fulfillment network and for shipping products out of...
Data privacy firm Mine has raised $30 million with the help of PayPal Ventures. The Series B funding round, co-led by Battery Ventures, will help the Israeli company scale MineOS, its B2B enterprise-grade product, Mine said in a news release provided to PYMNTS Tuesday (Dec. 5). According to the...
Mondu and Mangopay have partnered to support B2B marketplace businesses across Europe by offering them a modular payments infrastructure that can be tailored to meet their specific needs. This new collaboration brings together Mondu’s B2B payments solutions and Mangopay’s modular and flexible payment infrastructure for...
B2B payments and invoicing network TreviPay has introduced an all-in-one payments solution. The new offering, announced Tuesday (Dec. 5) is part of a series of new features designed to help merchants build loyalty with their buyers. “By providing payment choice, convenience and customization, merchants across different industries, including retail,...
Uber’s delivery business is expanding beyond restaurants to include courier service from merchants not partnered with the company — a move that comes as aggregators race to capture consumers’ loyalty outside of mealtimes. The company announced Tuesday (Dec. 5) the launch of its “Store Pickup”...
Hudson Hill Capital has made a “significant” majority investment in B2B wholesale platform MarketTime. The private investment firm announced the funding Tuesday (Dec. 5), describing MarketTime as a Software-as-a-Service (SaaS) platform whose tools help facilitate more than $6 billion in wholesale retail commerce between brands,...
Terry O’Neil, head of connected commerce and strategic growth for Citi Retail Services at Citi, said that connected commerce needs to move quickly. In fact, it needs to move at the speed of retail, as merchants must onboard new payment methods and options to meet...
It’s no surprise that businesses and consumers continue to seek alternatives to traditional, costly and time-consuming methods for international payments, driving a growing demand for faster, cheaper and more efficient cross-border payment solutions. As their needs evolve, both consumers and corporates want their cross-border payment...
