Businesses have long been phasing out manual processes in favor of digital systems that improve efficiency, deepen relationships with suppliers and better serve customers. The trend gained new focus during the pandemic when businesses throughout the United States economy needed to upgrade their payment platforms...
Mercedes-Benz has begun using Visa technology to enable native in-car payments. With Mercedes pay+, which is being rolled out on select new vehicle models beginning this month, the automaker’s customers in Germany can now pay for digital services and on-demand hardware upgrades in the Mercedes...
Local and alternative payment methods — including digital wallets; online bank transfers; buy now, pay later (BNPL); and direct debit — are the most common means for consumers to buy goods online. Shoppers in Europe, for example, spend more than $388 billion online annually using...
Three-quarters of global eCommerce is conducted using local payment methods, but offering such a diversity of payments may be difficult for merchants to do on their own, says Spreedly’s Andy McHale.
Merchants are expanding their operations abroad on a grand scale, taking advantage of the eCommerce boom to market in new regions and demographics. While industry giants such as Alibaba and Amazon dominate most of the scene, the growing popularity of aggregated marketplaces has also allowed...
International movie theater chain Cinépolis has increased its transaction success rate by 6% with a Click to Pay program. The program — which features Mastercard Click to Pay and was implemented by Payments Orchestration platform Spreedly — lets customers pay securely without having to manually...
DataMesh Group has raised $30 million in a Series A funding round to expand globally. The Australian firm also plans to pursue large-scale domestic opportunities for its Unify “all-in-one” payments-processing system that provides card present and eCommerce capability, settlement and terminal functionality that adapts to...
Money is evolving beyond Jeffersons, Jacksons and Benjamins, as digital solutions transform the landscape. This, as more than 4 in 10 Americans (41%) say they don’t use cash to pay for their typical weekly purchases. Credit cards and cell phones have already been disrupting the...
Many businesses have gone through several stages of technology spending since the start of the COVID-19 pandemic. Initially, retailers and manufacturers focused on investing in the digital shifts that would keep them in business. As 2022 drew to a close and economic uncertainty became more...
