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Grocers Pilot Micro-Fulfillment Centers To Speed Up Online Orders

PYMNTS

The shop owners are looking to see if automation can make deliveries quicker while keeping costs down, as they work with a new roster of companies that seek to increase the efficiency of online order fulfillment in a small amount of space, The Wall Street Journal reported. Online orders still comprise a small portion of the U.S.

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Eastern Europe Online Retail Sales Continue Double-Digit Growth

PYMNTS

According to the Eastern Europe B2C E-Commerce and Online Payment Market 2019 report, online retail sales in Eastern European countries continue a trend of double-digit growth rates this year, a release said. Cards are the most common means of online payment in Turkey, Russia and a few other Eastern European countries.

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NY Dept Financial Services: Online Lenders Need Oversight

PYMNTS

New York’s Department of Financial Services is recommending that online lenders are subjected to the same scrutiny and regulations that traditional banks face. Cuomo on June 1, 2017, required DFS to study online lending in New York State and submit a report of its findings. A bill signed by Governor Andrew M. Superintendent Maria T.

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South Korea FinTech Gets Initial Approval For Online Bank

PYMNTS

Since its launch in 2015, Toss has become the only FinTech unicorn in Korea. The bank is expected to start operating during the first six months of 2021 after it gets the final nod for a license. Toss Bank will become South Korea’s third digital bank operating without a physical location. Valued at $2.2

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How An Online Automotive Deal Is Fueling A Retail Trend

PYMNTS

Automotive sales are increasing going digital — and more consumers are buying more used products of all types online. Carro, which operates in Singapore, Thailand and Indonesia, said more than $500 million worth of vehicles were sold last year on its platform, up from $250 million in 2017 and $120 million the year before.”.

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EMV’s Online Fraud Attack Push

PYMNTS

Though the industry knew it was coming, the sharp migration of fraud from in-store to online channels with the growing adoption of EMV is still enough to keep any online merchant up at night. The data show that since the October 2015 EMV liability shift, United States fraud attacks have jumped by 11 percent.

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Barn2Door Lands $3.4M To Help Farmers Sell Online

PYMNTS

Founded in 2015, the company has farm clients across 40 states, with its most of its customers located in the Midwest. “I At Barn2Door, we aim to make it easy for farmers to sell their food online , improving the convenience for their customers. The startup, which creates eCommerce software for farmers, has now raised more than $4.5

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