Tagged: commerce

Walmart backed Fintech OnePay Achieves $4 Billion Valuation Milestone

OnePay, the fintech company supported by retail giant Walmart Inc. (NYSE:WMT), has reached a valuation of more than $4 billion, marking a significant leap in its growth trajectory. This new milestone came through a recent share buyback program for employees, which priced the company’s shares at… Read More

Alphabet owned Wing to Expand Drone Delivery Service to More Walmart Stores

Alphabet‘s (aka Google) (NASDAQ:GOOG) drone subsidiary, Wing, unveiled plans on Sunday to broaden its rapid delivery network in partnership with retail giant Walmart (NYSE:WMT). This year alone, the service is set to reach an extra 150 Walmart outlets, bringing ultrafast, on-demand drone shipments to shoppers… Read More

BNPL Fintech Affirm’s Chief Revenue Officer Shares Insights on Cost of Credit Card Interest on Future Purchases

In the cutthroat world of retail, where billions are poured into marketing campaigns, sleek websites, and frictionless in-store experiences, an unseen force is undermining these efforts. Wayne Pommen, Chief Revenue Officer at Affirm (NASDAQ: AFRM), recently highlighted this “invisible headwind”: the staggering cost of credit… Read More

Akamai, Visa Partner to Focus on Streamlining Agentic Commerce

Akamai Technologies, Inc. (NASDAQ: AKAM), the cybersecurity and cloud computing company that protects business online, announced a collaboration with Visa (NYSE: V) to bring identity, user recognition, and security controls to the world of agentic commerce. Via its integration of Visa’s Trusted Agent Protocol with… Read More

Fintech Klarna Introduces Agentic Product Protocol

Klarna (NYSE:KLAR), the global digital bank and flexible payments provider, announced the launch of its Agentic Product Protocol, which is described as being a new open standard that makes every product on the internet discoverable as well as more understandable by AI agents. As AI becomes… Read More

Checkout.com Adopts OpenAI backed ACP to Enable Agentic Commerce for Enterprise Merchants

Checkout.com, a digital payments company, announced its support for the Agentic Commerce Protocol (ACP), which is described as an open standard for AI commerce that lets AI agents, businesses work to complete purchases, powering agentic commerce for enterprise merchants. Checkout.com will support ACP, allowing merchants… Read More

Payments and Commerce Platform Bilt Rewards Announces Acquisition of Banyan

Bilt Rewards, the payments and commerce platform transforming the $2.1 trillion housing payments market, announced the acquisition of Banyan, the platform for item-level receipt data. This acquisition—Bilt’s first— expands Bilt’s ability to create innovative, frictionless experiences that drive “neighborhood commerce and deliver  value to residents… Read More

Identity Fraud Set to Peak During Shopping Surge – Experian Report

Identity fraud rose by more than a fifth this year, “amid warnings that fraudulent activity is set to peak over the Christmas shopping period.” New analysis from Experian reveals “that identity fraud rose by 22% in 2023, when compared to 2022, with the trend expected… Read More

Global Fintech Klarna Reports Steady Growth in Canada, with 640k Active Consumers, 2M Orders Processed

Klarna, the AI powered global payments network and shopping destination, announced its continued momentum in Canada. Since launching in the market in February 2022 less than 18 months ago, Klarna claims it has achieved “a rapidly expanding network of over 640,000 active consumers; processed over… Read More

Fintech Croissant Launches with $24M in Funding, Aims to Streamline Global Commerce

Choice Options Decision Croissant Food Breakfast

Croissant, a Fintech platform with a mission to empower intentional commerce, launched today with $24 million in seed funding from a suite of top investors, including Portage and KKR co-founders George Roberts and Henry Kravis. Initial funding was used “to accelerate Croissant’s MVP launch via… Read More

Digital Banking: Nubank, Casas Bahia to Offer New In-App Shopping Experience

One year after launching its marketplace, Nubank (NYSE:NU), one of the world’s largest digital financial services platforms, is partnering with the traditional retail chain Casas Bahia in order “to implement a new shopping experience in its app.” Now, Nu customers will “have an even more… Read More

Fintech Finaro, Mastercard, Northmill, NMI to Support Cloud Commerce Deployment in Europe

Finaro, the global cross-border payment provider and fully licensed bank, has announced its European Cloud Commerce deployment with payments technology company Mastercard, Nordic neobank and POS provider, Northmill, and full commerce enablement technology company, NMI. Following Mastercard’s launch in the U.S. in 2021, this partnership… Read More

J.P. Morgan to Test Biometrics-based Payments for Merchants

J.P. Morgan (NYSE: JPM) will begin piloting biometrics-based payments with select retailers in the U.S. This is the first pilot solution to launch from J.P. Morgan Payments’ new Commerce Solutions suite of products, “dedicated to helping merchants adapt to the rapidly evolving payments landscape.” Its… Read More

Rally Commerce Partners, Swell to Empower Small Merchants, Create Easy Checkout Experiences

Rally Commerce, the headless, one-click checkout solution for digital merchants, announces a partnership with Swell in order “to give merchants better control over their business and deliver a seamless checkout experience for customers.” Swell’s infrastructure “coupled with Rally’s checkout empowers small merchants to scale their… Read More

Juni, the Financial Platform Built for Commerce, Says Businesses Need to Carefully Determine Marketing Budget

Instead of dealing with different platforms and currencies, receipts and invoices, and arguing with banks over spend limits, you can consider using services provided via Juni. The company explains that with automatic receipt generation, real-time spend insights and Google Ads invoices auto-pulled into your account,… Read More

Crypto-Powered Commerce Platform Launched by FASTAF via Solana, Stripe Partnerships

FASTAF, which claims to be an ultrafast delivery startup supported by former NBA star Baron Davis, launches one of the “first” cryptocurrency-powered commerce platforms through partnerships with Stripe and Solana. As noted in the update shared with CI, FastAF says it is the “first” and… Read More

WEX Brings Flume Platform to $25T Accounts Payable Market

WEX (NYSE: WEX), the global commerce platform that simplifies the business of running a business, announced the public launch of Flume, an FDIC-insured digital wallet uniquely designed “to bridge the digital divide for millions of small-and-medium-sized businesses (SMBs) in the U.S.” Flume is provided by… Read More

Thought Machine, Trade Ledger Provide Cloud-Native Infrastructure for Corporate Lenders

Trade Ledger, the data-driven lending technology provider, has partnered with Thought Machine, the cloud-native banking technology company and developer of core banking engine Vault Core, “to provide a fully integrated technology stack for commercial lenders and banks.” API-driven data exchange between the two companies will… Read More

Alterrage Teams Up with Boson Protocol to Open Phygital Web3 Store

Web3’s commerce layer Boson Protocol is partnering with Alterrage, a DAO-led fashion label leveraging blockchain technology, “to create interoperable collections across physical, augmented, and digital spaces.” The partnership will see Alterrage “open a phygital Web3 store where buyers will be able to purchase the unique… Read More

Research from Fintech Paysafe Reveals How Retailers are “Missing Out” by Not Taking Crypto Payments

Research released by specialized payments platform Paysafe (NYSE: PSFE) reveals how retailers “may be missing out by not accepting payments in crypto.” A significant 80% of crypto owners “want to pay for goods with their crypto balances but are held back by a lack of… Read More

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