B2B gift card concierge firm GlobeTopper has launched a partnership with payment processor Knox Wire to power instant cross-border payouts. Orchestrated by Zed Network, the collaboration will facilitate same-day payouts in more than 190 countries for GlobeTopper, according to a Saturday (Nov. 26) news release....
Logistics firms DHLink and Shopline have formed a partnership designed to solve logistical issues in eCommerce. The partnership will take advantage of both firms’ direct mail channels, warehousing and freight transportation to simplify the logistics process, eliminate connection problems and improve transport efficiency, the companies...
Machine learning (ML) firm Applied AI Company (AAICO) has secured $42 million in funding to help companies in Europe and the U.S. reduce their reliance on manual business processes. “We are humbled by the support of our investors in current market conditions,” Arya Bolurfrushan, the...
To further expand and improve its new eCommerce platform, social media company TikTok is bringing in tech startups with experience in optimizing digital commerce platforms. In a Financial Times report on Saturday (Nov. 26), it was found that TikTok’s recent shift into eCommerce has been...
Tech investor Tiger Global Management has reportedly slashed the value of its private funds by nearly 25% this year, leading to one of the industry’s largest-ever declines in assets at $42 billion. That’s according to a recent report by Bloomberg News, which says that Stripe,...
In an effort to make sure digital payment transactions are regulated in India, the country’s reserve bank has issued a request for digital payments banking platform Paytm Payments Bank to reapply for its license to operate in India. A Saturday (Nov. 26) press release detailed the...
In spite of inflation, American consumers spent the day of Thanksgiving shopping — both online and off — and dining out, leading to double-digit sales growth. That’s according to Mastercard’s SpendingPulse report for Black Friday. Issued on Saturday (Nov. 26), it showed increases in spending...
With all due respect to Alec Baldwin’s legendary “Always Be Closing” monologue from the film Glengarry Glen Ross, the ABCs of holiday shopping have gotten an upgrade this year in response to the unique mix of economic conditions currently roiling consumers and businesses alike. Just...
Six weeks after Amazon’s Early Access Sale and three weeks into Walmart’s month of Deals for Days events, and Black Friday — the mother of all holiday shopping occasions — has arrived. But rather than opening to her usual standing ovation, Black Friday takes the stage...
