News

eCommerce
Cart.com Launches Order Management Software for Merchants
February 21, 2024

Cart.com now offers its order management software solution as a standalone product. The Constellation Order Management System (OMS) allows merchants to unify orders and inventory across multiple channels, the company said in a Wednesday (Feb. 21) press release. It was previously available only as part of Cart.com’s unified commerce...

B2B Payments
BVNK Gets Electronic Money License to Expand Operations and Customer Support
February 21, 2024

B2B payments platform BVNK announced that its electronic money institution (EMI) license is now live in Europe. The move is expected to enhance the company’s ability to support its customers and expand its operations in the region, BVNK said in a Wednesday (Feb. 21) news...

Retail
Marc Lore’s Wonder Opens in Walmart as Supermarkets Seize Restaurant Occasions
February 21, 2024

Wonder is opening a store-in-store within a Walmart, a move that comes as grocery retailers increasingly seek out opportunities to capture more of consumers’ mealtime spending. The omnichannel food hall company, founded by Jet.com Co-founder Marc Lore, stated in an email that on Wednesday (Feb....

Regulation
Germany’s Financial Regulator BaFin Set to Relax Crackdown on FinTechs
February 21, 2024

Germany’s financial regulator, BaFin, is reportedly set to relax its crackdown on FinTechs. The move comes after several firms improved their controls, BaFin Executive Director Birgit Rodolphe told Bloomberg in a report posted Wednesday (Feb. 21). “We are seeing progress at individual firms, but not...

Investments
Fabric Raises $60 Million to Grow Conversational AI-Powered Healthcare Platform
February 21, 2024

Fabric, a health technology company, raised $60 million in a Series A round to expand its care enablement platform for healthcare providers. The platform increases provider productivity by streamlining in-person and virtual visits with tools like conversational artificial intelligence, according to a Wednesday (Feb. 21)...

B2B Payments
Buy Side, Supply Side: Winning the B2B Payments Fraud War
February 21, 2024

Fraud is a costly and common problem in payments. In B2B payments, both of those elements are scaled up to a degree that is impossible to ignore. To a bad actor, the big-ticket transactions that power global commerce are an attractive target. The B2B landscape...

Regulation
Competitors Say Apple’s Plans Don’t Comply With Digital Markets Act
February 21, 2024

Apple is reportedly facing pushback from rivals like Meta and Microsoft over its plans to comply with the Digital Markets Act in the European Union (EU). The tech giant is under scrutiny from regulators who are preparing to fine it 500 euros million ($541 million)...

Cross-border Payments
Failed Cross-Border Payments Cost US Merchants an Estimated $3.8B
February 21, 2024

Many U.S. eCommerce merchants prioritize international markets, but see higher failed payment rates in cross-border transactions than in domestic ones. These payment failures significantly impact their bottom line. PYMNTS Intelligence estimates that failed cross-border payments cost U.S. merchants at least $3.8 billion in lost sales...

Retail
D2C Brands Find Quicker Checkout May Cause Friction for High-Value Purchases
February 21, 2024

While direct-to-consumer brands may generally find that less is more when it comes to consumers’ checkout experiences, Sonos has found that for the high-consideration items it sells, adding more steps to the process can help consumers feel more confident in their purchases. Sean Knotts, director...