In a move to streamline its payment options for enterprise clients in the United States and Canada, Belgium-based omni-commerce logistics provider Radial Inc. is rolling out Adyen for Platforms, Adyen NV’s end-to-end payment solution for peer-to-peer marketplaces, on-demand services, and crowdfunding platforms. Adyen for Platforms is aimed at enabling platform …
Read More »E-commerce Sales Through Marketplaces Are on a Roller Coaster Ride
The wave that lifted sales through e-commerce marketplaces during the initial stages of the Covid-19 pandemic is losing energy, according to data from Extensiv, a provider of omnichannel fulfillment solutions. Growth in average orders per merchant through Shopify Inc. has decreased 12% year to date, while other marketplaces—including eBay, Etsy, …
Read More »Eye On Restaurant POS: New Tech From Toast, Squirrel System, Revel Systems, And Tray
As restaurants bounce back from the major blow delivered at the outset of the Covid 19 pandemic, restaurant point-of-sale technology has become a competitive advantage. The trend is evidenced by new applications from several restaurant POS technology providers, announced over the weekend, along with deals they are cutting with third-party …
Read More »Open Banking in the U.S. Is Moving Ahead, But Not Without Some Debate About Standards
With open banking fast becoming the backbone of today’s payments landscape, the need for an industry standard to ensure protection of consumer data is moving front and center. In the United States, where no such standard currently exists, the payments industry is at odds over whether the country should adopt …
Read More »Square’s New Tools Aim to Keep Restaurants a Step Ahead in the Technology Arms Race
Block Inc.’s Square unit late Thursday unveiled a suite of hardware and software tools the company says is aimed at helping restaurants manage orders, payments, and their overall business more efficiently as they wrestle with worker shortages and other fallout from the pandemic. The new technology also comes as competition …
Read More »How Mobile Apps Have Become the Preferred Shopping Channel for Young and Old
When it comes to shopping, it’s becoming a mobile world. A report released on Thursday by omnichannel-platform provider NewStore Inc. reveals that 88% of consumers surveyed have at least one shopping app on their phone, 50% of respondents have more than four shopping apps, and 9% have more than 10. …
Read More »Eye on Fraud: Fraudsters Earn More Than CEOs; Fraugster Launches BNPL Risk Model
Criminals are cashing in on cybercrime in a big way. A new report from Arkose Labs reveals that experienced or “master” fraudsters can pull down up to $7.2 million annually and that rookie fraudsters can earn as much as $20,000 per month with an investment of as little as $5 …
Read More »Eye On BNPL: Splitit’s Twist on BNPL; Zilch Enters the U.S.; Flexiti And Michael Hill
Looking to add a new twist on buy now, pay later loans, provider Splitit Payments Ltd. Tuesday announced a new BNPL-style loan that will leverage a consumer’s open-to-buy on their payment cards to pre-qualify them for an installment loan at the point-of-sale. To qualify for the loan, merchants run a pre-authorization …
Read More »Paysafe Extends Its North American iGaming Reach Through a Deal With Strive Gaming
Paysafe Ltd. continues to immerse itself in the online-gaming industry, announcing Monday a partnership with Strive Gaming, a player-account management platform designed to meet multi-state iGaming requirements in North America. With an integration of Paysafe’s payments technology into Strive Gaming’s PAM platform, Strive’s clients will enable gamers to deposit funds into …
Read More »Square Unveils New Developer Tools Aimed at Enhancing Checkout and Reducing Friction
Aiming to help developers address friction at checkout, Block Inc.’s Square unit late Thursday announced several new tools for its Square payments platform. The announcement was made at Square Unboxed, Block’s annual developer and partner conference. The centerpiece of the new tools is Cash App Pay for Developers, which enables …
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