Merchant Innovation

Merchant Innovation
Square Inc. is Now Block; Brand to Remain
December 01, 2021

Payments company Square will now be called Block, establishing the latter name as its corporate entity, according to a press release Wednesday (Dec. 1). The Square name is still a part of the company’s seller business, and the company says this name change will let...

Merchant Innovation
Thirstie Debuts Branded Gift Cards for Liquor Industry
November 23, 2021

White-label eCommerce firm Thirstie is launching gift cards for liquor brands, the first offering of its kind in the U.S., according to a press release emailed to PYMNTS on Tuesday (Nov. 23). Thirstie connects alcohol brands with consumers, and its gift card solution will feature...

Merchant Innovation
EVO Payments Expands Partnership With Oracle
November 16, 2021

The payments technology company EVO Payments has expanded its partnership with Oracle to offer Oracle’s enterprise payment solutions to EVO’s retail and hospitality merchants. The company announced the new arrangement in a news release Tuesday (Nov. 16), saying it would also offer acquiring services to...

Merchant Innovation
Airbase Offering Free Access To Spend Management Tools Plus More Cash Back
November 09, 2021

Spend management platform Airbase is expanding its corporate card offerings with a new Airbase Essentials package, the company announced in a press release Tuesday (Nov. 9). Through Airbase Essentials, the company is offering cash back rates for corporate cards, ranging from 2.25% for a pre-funded...

Merchant Innovation
About 5% of Sotheby’s, Christie’s Contemporary Art Auctions Are NFTs
November 08, 2021

Non-fungible tokens (NFTs) have taken off in 2021 and so have auction houses’ sales of them, with Sotheby’s and Christie’s respectively selling $65 million and $100 million of NFTs this year, Reuters reported Monday (Nov. 8). These sales account for roughly 5.5% of the houses’...

Merchant Innovation
Transact Debuts Contactless Tech for Colleges: Delivery Robots, Food Lockers
October 07, 2021

Transact has rolled out new software integrations for a sweeping slate of improvements to college campuses, a press release says. Transact works in credential and payment solutions. The new partnerships include software integrations with Apex Order Pickup Solutions and Panasonic Smart Lockers for better automated,...

Merchant Innovation
New RV Lending Model Offers Big Drop In Borrowing Costs For Owners Who Rent Them...
October 04, 2021

For owners who list their recreational vehicles (RVs) on Outdoorsy, a global online RV rental and outdoor travel marketplace, the monthly note for the loan value is the most expensive part of owning the vehicle, even those most owners don’t comparison shop before they buy. A typical owner with...

Merchant Innovation
LinkedIn Explores Hosting Paid Events on Its Platform
September 27, 2021

LinkedIn is deciding whether it will let users charge for virtual events hosted on the social media job site, Bloomberg reported. A test will incorporate a small group of users, and the company doesn’t know yet if it will be rolled out on a larger...

Merchant Innovation
FedEx Goods to be Hauled by Autonomous Big Rigs in Pilot Program
September 22, 2021

Driverless trucks have begun hauling freight this week down the I-45 between Dallas and Houston, marking the start of a two-year autonomous shipping pilot program that’s being called an industry first.   Although a safety driver will be on board during the initial testing period, the so-called “Class 8” big rigs will...