Commerce

Commerce
82% of Merchants Don’t Have the Data to Pinpoint Why Payments Fail
August 28, 2024

In an era where flawless transactions are critical for customer loyalty, merchants are adopting payment vaulting not just for security, but as a strategic tool to enhance retention, reduce costs and personalize service. A PYMNTS Intelligence report, “Into the Vault: Optimizing Payments,” created in collaboration...

Commerce
43% of FIs and FinTechs Say Using Receipt Data Improves Customer Experience
October 24, 2023

As businesses continue to seek ways to improve customer experiences and drive operational efficiency, one strategy that is gaining traction is the use of item-level receipt data, which provides detailed information about individual purchases.  In “Meeting the Need for Item-Level Receipt Data: Why Data Infrastructure...

Commerce
Major Economies Report Falling Trade Volumes in July
September 25, 2023

Global trade has reportedly experienced a significant decline in recent months, with trade volumes falling at the fastest pace since the pandemic began.  The slowdown in global trade can be attributed to various factors, including rising inflation, higher interest rates and a shift in consumer...

Commerce
Truzo Launches Africa-Focused Digital Escrow Service in UK
March 03, 2023

Truzo has launched its Africa-focused digital escrow service in the United Kingdom. Already established in South Africa, and approved by the Financial Conduct Authority (FCA) in the U.K., the service can now add safety and reliability to transactions between the U.K. and South Africa, Truzo...

Commerce
UK Electronic Documents Bill Marks Major Gain for Trade Digitization
October 13, 2022

The United Kingdom government on Thursday (Oct. 13) passed the Electronic Trade Documents Bill in parliament, ending the legal requirement for certain business documents, such as bills of exchange, promissory notes, warehouse receipts, and marine and cargo insurance certificates, to be printed on paper. Learn...

Commerce
B2B Marketplaces Digitize Corporate Procurement, Tackle Africa’s Inefficient Supply Chains
October 13, 2022

Online marketplaces are among the defining features of contemporary eCommerce, which has been shaped by the likes of global heavyweights such as Amazon and eBay. But just as direct-to-consumer retail has been transformed by the marketplace model, the world of wholesale and commercial trade has...

Commerce
AI and Biometrics Give Sellers Confidence to Do Business Globally
September 30, 2022

When businesses go global, they are often exposed to new risks such as exposure to cybercriminals seeking to exploit their lack of familiarity with the idiosyncrasies of regional payments processes. Key tasks like as ensuring that payment sources and payment recipients are legitimate can be...

Commerce
NEW REPORT: Ukraine Banker Says Fast Digital Payments Critical in Times of Crisis
August 05, 2022

As the world faces multiple instances of business disruption and marketplace uncertainty, small- to medium-sized businesses (SMBs) may be at even greater risk of financial harm than larger businesses when payments are late or difficult to manage. The digital modernization of payments was once thought...

Commerce
Grocers Fight Food Waste, Inflation With Mobile App Partnerships
July 26, 2022

As food prices rise, the cost of food waste for grocers — a significant issue in the best of times — becomes an all-the-more pressing matter. Pittsburgh-based grocer Giant Eagle, for one, which has more than 470 stores across five U.S. states, is monetizing its...