The global eCommerce market is a juggernaut, containing up to 24 million sellers and 2 billion digital buyers, with sales expected to reach $4.13 trillion in 2020. These staggering figures belie the challenges faced by smaller industry players, however, with only 35 percent of small-...
Is it a Buick or an Alexa? That’s the question a new Buick commercial poses as it shows a couple out on the town, debating whether they’re riding in a “Buick” or an “Alexa” as they use the car’s voice-activated features to aid them on...
Facebook, Alphabet/Google, Apple and Amazon are under the microscope these days as politicians and regulators the world over accuse them of anticompetitive behaviors. In our new Big Tech Compliance Tracker, we’ll look at the latest compliance news regarding the four Big Tech behemoths. Here are the latest...
If America ever needed a digital estate sale — or even a garage sale, for that matter — it’s right now. Tens of millions of financially strapped or suddenly unemployed people are seeing rent and bill payments locked in the form of gifts and purchases...
As virtual marketplaces displace (and replace) the physical variety at a dizzying pace, payments speed and security are paramount concerns. When transactions and payments occur cross-border, those concerns are doubled. Companies want and need more visibility into cross-border payments, and with the blastoff of eCommerce...
Many shoppers who make purchases online rely on eCommerce marketplaces to discover items and connect with trusted sellers. Fifty-eight percent of worldwide eCommerce transactions were made using these platforms in 2018, for example, and consumers have since become even more accustomed to them. Platforms that...
Work from home opens the virtual doors for gig workers and employers in need of help, including beyond their national borders. Shany Malbin, director of payments at gig platform Fiverr, says that can get tricky when it comes to compliance, fraud and other payments complexities....
The eCommerce marketplaces have been a lifeline for businesses and consumers who want to transact under stay-at-home orders and while safely social distancing. These marketplaces need to have strong security approaches in place, however, to ensure they do not accidentally onboard any fraudulent sellers or...
Digital grocery shopping has mushroomed due to the pandemic, and there’s a stickiness to the COVID-induced changes that cannot be swept away like a spill on aisle five. Providing detailed intelligence and road-mapping for the immediate future, PYMNTS’ June Commerce Connected series done in collaboration...