News

International
Alibaba Buys Stake in Ocean Liner Company Transfar Shipping 
October 18, 2021

Chinese eCommerce platform Alibaba last year bought just over 10% of Singapore-based ocean liner operator Transfar Shipping, which sails between China and the west coast of the U.S., according to a report in The Loadstar on Monday (Oct. 18).  Get the Full Story Complete the...

International
Scottish Students’ Faces Scanned for Contactless Lunch Payments
October 18, 2021

Nine schools in the North Ayrshire area of Scotland started using facial recognition on Monday (Oct. 18) to verify the identities of children for lunch payments as a way to speed the process as well as make it contactless. Get the Full Story Complete the...

IPO
Bakkt’s IPO Signals Connected Economy Growth, Aided by Platforms 
October 18, 2021

Cryptocurrency exchange Bakkt, having completed a special purpose acquisition company (SPAC) combination with VPC Impact Acquisition Holdings, saw its shares slip early in its first day of trading. At this writing, the stock was down a bit more than 1%. Get the Full Story Complete...

Bitcoin
Square Considering Bitcoin Mining System, Dorsey Says
October 18, 2021

The payment processing company Square is considering developing a bitcoin mining system based on “custom silicon and open source” for people and businesses all over the world. That’s according to published reports and a series of tweets from Twitter/Square CEO Jack Dorsey over the weekend....

Cross-border Payments
Mastercard, Previse Partner on Cross-Border Payment Services  
October 18, 2021

Mastercard and British artificial intelligence-powered payments FinTech company Previse have joined forces on the integration of Mastercard Cross-Border Services, according to a Monday (Oct. 18) press release. The collaboration enables funds to be sent securely to any account as part of Previse’s InstantPay platform. Get the Full...

Retail
Walmart+ Members to Get Early Access to Black Friday Deals
October 18, 2021

Walmart said on Monday (Oct. 18) that it is bringing back its Black Friday Deals for Days promotion this year, spreading the discounts that are usually restricted to one day over a month of special deals and savings events. Get the Full Story Complete the...

Retail
Saks eCommerce IPO Plans Show Allure of Retail’s Digital Shift 
October 18, 2021

For the traditional retailers – the brick-and-mortar marquee names – the great digital shift during the pandemic has been a necessity to meet consumers where they want to be met, and to ensure the survival of those firms. Get the Full Story Complete the form...

Delivery
Two-Hour Delivery Becoming ‘One of the Expectations’ for Consumers
October 18, 2021

As Amazon, Walmart and other huge online marketplaces take more of consumers’ spending and offer faster delivery options, some consumers are increasingly coming to expect that their order will arrive within a day, if not the same afternoon. Get the Full Story Complete the form...

B2B Payments
The Revolution Is Here for B2B Buyers
October 18, 2021

“In a digital-first world, B2B companies must also address the revolutionary changes in customer expectations brought on by both a new generation of buyers and the permanent shifts from COVID-19 impacts,” says Eric Christensen, chief payments officer for Digital River. Read more of his insights...