PYMNTS

SEPTEMBER 16, 2020

Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. Under the scam, alleged cybercriminals make the online purchases while the same sum is then credited to their gambling account.

eCommerce 124

eCommerce Currencies Banking Securities 124

PYMNTS

MARCH 14, 2020

With the coronavirus putting eCommerce front and center, it has unfortunately been joined by its cousin: online retail fraud. According to online security company Signal Sciences , eCommerce retailers deal with an average of 206,000 web attacks per month. percent of all eCommerce fraud , is still account takeover.

eCommerce 92

eCommerce Accounting Retail Securities 92

PYMNTS

NOVEMBER 19, 2020

As more seller organizations embrace the B2B eCommerce model, they're quickly coming to realize that for buyers, the B2B payment experience begins right at the moment of onboarding. But onboarding isn't just about obtaining bank account or payment details of a potential buyer. Onboarding Optimization. Emerging Business Models.

B2B 105

B2B eCommerce B2C Prioritization 105

PYMNTS

DECEMBER 21, 2020

Customers don't have to enter a billing address and the mobile experience is no-scroll and above the fold, with a post-checkout registration model letting customers wait until after checkout to sign up for an account. Data from the IBM U.S. billion, the report says.

eCommerce 98

eCommerce Valuation Currencies Accounting 98

PYMNTS

JUNE 17, 2020

The dramatic consumer shift to Digital 3.0 — predicted months ago by the PYMNTS COVID-19 tracker work — is accounting for almost half of the retail growth in the US. It found that eCommerce growth as of May 1 was up 68 percent, surpassing 40 percent of total retail sales. In China the pandemic appears to have created pent-up spending.

eCommerce 92

eCommerce Retail Sales Forecasting 92

PYMNTS

JANUARY 20, 2021

eCommerce Soars. But perhaps most conspicuous of all was the nearly 50 percent spike P&G has seen in its eCommerce business over the past six months, which it said now accounts for over 14 percent of its total global sales, and presumably on its way to 20 percent in the not so distant future.

eCommerce 117

eCommerce Sales Construction Forecasting 117

PYMNTS

SEPTEMBER 22, 2020

With the pandemic accelerating businesses' digital shift , small retail buyers have shifted their buying operations to the B2B eCommerce realm, and for many, the online marketplace operates in lieu of a procurement solution. We saw a change in the last few years towards the credit card away from open account terms," he said.

B2B 94

B2B eCommerce Prioritization Securities 94

PYMNTS

NOVEMBER 10, 2020

Atlanta payments encryption firm Bluefin is partnering with New York mobile payments processor PAAY to advance eCommerce security. Further, online sellers have been tackling chargeback fraud, which could account for about 86 percent of all chargebacks. Each $1 of fraud costs retailers $3.13. . also known as 3DS 2.0

eCommerce 93

eCommerce Securities Compliance Technology 93

PYMNTS

MAY 13, 2020

The bad actors are eyeing eCommerce and specifically card not present transactions as promising attack vectors. In terms of mechanics, the tokens replace cardholders’ 16-digit Visa account numbers with tokens that only the payments network can unlock for one-time or recurring transactions.

eCommerce 100

eCommerce Securities Manufacturing Technology 100

PYMNTS

MAY 19, 2020

For India, in particular, the coronavirus has exposed some challenges for eCommerce giants such as Flipkart and Amazon – and now, there’s a new initiative to spur consumers to “buy local.”. The pandemic has spurred any number of efforts across various countries to restart economies as they emerge from lockdown.

eCommerce 86

eCommerce Economics Retail Numbers 86

PYMNTS

AUGUST 12, 2020

The eCommerce industry is trying to find balance as more consumers purchase via digital channels while overall customer spending is dipping during the pandemic. Keeping verification safe as well as seamless is essential, even as eCommerce marketplaces respond to customers’ changing needs and payment behaviors during the pandemic.

eCommerce 79

eCommerce Sales Banking Securities 79

PYMNTS

OCTOBER 7, 2020

The solution allows for an in-the-moment B2B eCommerce experience natively in Salesforce Commerce Cloud, according to a Wednesday (Oct. In a move that lets its clients benefit from a new pre-constructed integration offering, enosix rolled out an SAP integration technology on Salesforce AppExchange. 7) announcement.

SAP 80

SAP B2B eCommerce Reconciliations 80

PYMNTS

OCTOBER 16, 2020

[A recent] survey of 7,000 North American and European consumers indicated that 92 percent expect digital retail experiences to be fast, frictionless and secure, and 73 percent believe account creation or online transactions should happen instantly.”. That doesn’t leave a whole lot of room for error, customer experience-wise.

eCommerce 75

eCommerce Securities Accounting Retail 75

PYMNTS

DECEMBER 30, 2020

There were several notable rounds, including high-value deals for supply chain management, B2B eCommerce and small business banking. Snap Accounts Payable, otherwise known as SnapAP, has announced the completion of the first stage of funding from angel investors as it continues on its way toward a planned $2 million seed investment round.

B2B 84

B2B eCommerce Banking Accounts Payable 84

PYMNTS

NOVEMBER 24, 2020

While the business-to-consumer (B2C) eCommerce boom has arguably already occurred, the global pandemic is introducing a second wave of digital commerce adoption. Indeed, business-to-business (B2B) eCommerce is a thriving market that, today, is growing even more quickly as a result of the coronavirus crisis.

B2B 72

B2B eCommerce B2C Reconciliations 72

PYMNTS

MARCH 10, 2020

To solve the healthcare payments puzzle — look to eCommerce. And in setting up the bundling, he told Webster that the eCommerce model addresses the bad debt crisis that has bedeviled healthcare for years and is only getting worse. People just like to think there is.”.

Healthcare 80

Healthcare eCommerce Planning Sales 80

PYMNTS

APRIL 13, 2020

While scammers and speculators are proliferating throughout the eCommerce ecosystem, trying to gain from a bad situation, businesses now have the ability to add on layers of defense. A decade ago, bad actors were stealing card numbers for digital fraud, and now they’re taking over whole accounts. Spotting And Stopping Speculators .

Securities 129

Securities eCommerce Concentration Accounting 129

PYMNTS

APRIL 15, 2020

Japanese eCommerce customers use credit to make online purchases roughly 55 percent of the time, with the remaining 45 or so percent divided between COD or carrier billing set-ups — and for two main reasons. of them — yet their use in making online purchases is quite low.

eCommerce 79

eCommerce Budgeting Planning Securities 79

PYMNTS

NOVEMBER 26, 2020

Then the purchaser is given a request for pre-populated payments, and upon authorization, an "instant and irrevocable credit" is applied to the seller's account. HSBC also just recently introduced a new global payments tool, which PYMNTS reports will let international customers transfer funds through a single account anywhere in the world.

eCommerce 91

eCommerce Cash Management Accounting Banking 91

PYMNTS

OCTOBER 19, 2020

The Mastercard Track Card to Account Transfer, the release says, will let businesses use commercial cards to pay suppliers even if the suppliers don't take card payments. The new payment facility will help to boost cash flow management and automate payments.

B2B 75

B2B Accounting Startups eCommerce 75

PYMNTS

JULY 30, 2020

30%: Share of Gen Z consumers opting for online-only bank accounts. Data: 50K: Minimum number of users who attended the Shopify Reunite virtual event. 182M: Number of global buyers on eBay’s platform. 41.4%: Portion of credit union execs who believe challenger banks will be a significant competitive threat in the near future.

eCommerce 76

eCommerce Banking Numbers Accounting 76

PYMNTS

SEPTEMBER 16, 2020

In today’s top news, Chinese authorities have made several arrests alleging cybercriminals laundered $2 billion through faux eCommerce purchases, and Square announced the launch of two real-time payment features. Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money. Square Launches On Demand Payroll.

eCommerce 71

eCommerce Budgeting Communication Retail 71

PYMNTS

JANUARY 19, 2021

Olivier Schott , co-founder of Scalefast , told PYMNTS that many firms pivoting to eCommerce channels may not have the resources on hand to meet those challenges. When you have local bank accounts, you can have local acquire, which will increase your acceptance rate,” Schott said.

eCommerce 128

eCommerce Compliance Invoicing Retail 128

PYMNTS

DECEMBER 24, 2020

eCommerce spiked because consumers demanded it and drove it. Adore Me, for example, was a thriving eCommerce brand before the pandemic. It’s a challenging business model when compared to agile world of an eCommerce pure play. Q3 increase in eCommerce sales: Walmart, 79 percent; Target, 154 percent. D2C Explodes.

Retail 118

Retail eCommerce Numbers Transportation 118

PYMNTS

SEPTEMBER 18, 2020

But getting funds settled more quickly into their accounts can make all the difference in giving them the cash cushions they need to expand, weather economic shocks and even get their suppliers paid in a timely manner. The settlement wait can be several days in length, with even longer lag times over a holiday weekend.

Sales 141

Sales Prioritization eCommerce Invoicing 141

PYMNTS

AUGUST 17, 2020

While the enterprise resource planning (ERP) system is often viewed as the hub of key back-office processes, from accounting to inventory management, the technology has historically been out of reach for small businesses with limited resources. The Logistics-Accounting Connection. Surging Volumes.

Finance 87

Finance eCommerce SAP Accounting 87

PYMNTS

NOVEMBER 6, 2020

As eCommerce and B2B payments expand across borders, time zones and currencies, virtual international bank account numbers (IBANS) can pave the way for firms to capture online sales efficiently — and bypass the frictions of traditional banking relationships. . Customizing The Accounts. .

B2B 98

B2B Currencies eCommerce Compliance 98

PYMNTS

SEPTEMBER 21, 2020

Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed. Merchants, quite logically, want to keep transaction conversion rates high.

eCommerce 124

eCommerce Currencies Securities Accounting 124

PYMNTS

NOVEMBER 3, 2020

Amazon has to keep up fighting off price gouging on its eCommerce platform, as a new wave of COVID-19 infections has prompted more panic buying, Fox Business reported. Fox Business reported that Amazon is stepping up its efforts to remove offending seller accounts and offers for putting the prices too high.

eCommerce 107

eCommerce Accounting Planning Retail 107

PYMNTS

SEPTEMBER 14, 2020

"The Amazon experience" is now a worn-out catchphrase in the world of B2B eCommerce. But B2B eCommerce is not the same beast as B2C. You must think, 'How can we make our buyers' jobs easier through eCommerce?'" B2B payments aren't the only shift that the pandemic has initiated in the world of B2B eCommerce. noted King.

B2B 107

B2B B2C Manufacturing eCommerce 107

PYMNTS

AUGUST 17, 2020

The Census will release its Q2 eCommerce sales results today, but we’ve been using our own methodology to forecast eCommerce sales for some time, given the lag in Census reporting. PepsiCo said its Q2 eCommerce sales doubled quarter over quarter. percent and quarter-over-quarter growth of 1.6 General Mills reported that its U.S.

eCommerce 134

eCommerce Retail Sales Numbers 134

PYMNTS

JUNE 21, 2020

That will allow businesses to eliminate the cumbersome old ways, which required them to sign onto their bank accounts to set up a direct debit instruction and then wait several days before it was ready. The API will assist Futu with processing incoming funds in a more streamlined way.

B2B 143

B2B Cash Management eCommerce Securities 143

PYMNTS

OCTOBER 1, 2020

By beating Barclays in the deal, Goldman now has access to the over 1 million cardholders who account for roughly $8.5 In their pitches to GM, both Goldman and Barclays promoted the idea of cars as eCommerce portals, a notion supported by auto makers and card networks like Visa and Mastercard.

eCommerce 105

eCommerce Accounting Investments Planning 105

PYMNTS

SEPTEMBER 16, 2020

Finance and bookkeeping smart app Snyder is integrating with a variety of big eCommerce companies, including Shopify , Amazon , eBay and Ecwid , to help eCommerce businesses with accounts receivable (AR) and accounting automation, according to a press release.

Invoicing 77

Invoicing eCommerce Accounting Finance 77

PYMNTS

SEPTEMBER 30, 2020

Merchants are optimizing their eCommerce operations, but this is posing challenges for some, including luxury merchants. Luxury retailers are also targeting millennial and Generation Z consumers to expand their customer bases, with one report showing that millennials accounted for 35 percent of high-end retail purchases, for example.

Planning 111

Planning eCommerce Retail Leverage 111

PYMNTS

DECEMBER 28, 2020

Digital-first economy: The Mastercard report showed eCommerce accounted for 19.7 It was driven by a 49 percent spike in eCommerce, which shows the expected dramatic increase in the digital-first economy. For example, ad research firm GroupM predicted eCommerce would account for 17 percent of total retail spend.

eCommerce 104

eCommerce Retail Sales Numbers 104

PYMNTS

SEPTEMBER 27, 2020

The Tracker notes that one in three eCommerce retailers is expected to offer some type of BNPL payment plan by the end of 2021. Sezzle has seen some wins this year, such as the appointment of Reid Bork, former PayPal senior director of accounts, to join its leadership team.

Leadership 120

Leadership eCommerce Retail Planning 120