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ShipMonk Pulls In $290 Million For eCommerce Growth Effort

PYMNTS

ShipMonk has pulled in $290 million in a funding round led by Boston-based Summit Partners as part of an expansion effort. The ShipMonk funding is part of a surge in cash going to such B2B companies as GoSite , which targets small and medium-size businesses (SMBs) that are moving operations online.

Boston 167
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Mobile Order-Ahead Sector Goes All-In On AI

PYMNTS

Businesses rapidly embraced digital solutions in 2020 as shopping (and eating) moved online while everyone hid out indoors. Advanced AI means reducing chargebacks, saving inventory, maintaining brand loyalty and spending more time managing the lunch rush than worrying about fraud.”. Advanced AI Makes Systems Smarter.

Mobile 289
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Today In Retail: Wayfair Exceeds Estimates; Carvana Sales Surge; SA Company Pivots With Pandemic

PYMNTS

Bloomberg reported this week that Boston-based home décor eCommerce giant Wayfair turned in strong third quarter financials, noting that the firm’s quarterly results “exceeded analysts’ estimates, suggesting the wave of home improvement inspired by the COVID-19 pandemic is lingering.”. percent of overall orders in Q3 2020 in contrast to 67.3

Company 131
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Tide Launches Omnichannel, On-Demand Laundry Service

PYMNTS

Tide, the laundry brand owned by CPG Detergent, is introducing a service called Tide Cleaners, an on-demand dry cleaning and laundry service, at 1,000 locations in cities across the country, according to reports. The company’s goal is to have Tide Cleaners at more than 2,000 spots across the United States by the latter part of 2020.

Omaha 145
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Merchants Ready For Open Banking — And Its New Laws — To Impact US Rollout

PYMNTS

In its March 2020 brief “Developments in Open Banking and APIs: Where Does the U.S. the Federal Reserve Bank of Boston said, “To date, U.S. Consumers can now use their bank accounts to make payments while also viewing the account balance directly,” Arjun Kakkar, vice president of strategy and operations for Ekata, told PYMNTS.

US 171
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True Tickets, Shubert Partner To Trial Blockchain Broadway Ticketing

PYMNTS

Boston startup True Tickets is teaming up with the Broadway theater company The Shubert Organization for blockchain-based mobile ticket delivery , the companies said in a press release Wednesday (Oct. Shubert Ticketing sells tickets through its retail brand, Telecharge, as well as through hundreds of third-party agents.

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Saving Main Street From Its Downward Pandemic Spiral

PYMNTS

It’s why recommendations are consistently ranked by consumers as one of the most important features a merchant can offer an online shopper, why merchants gladly oblige and why brands strive to make products that are consistently ranked high by consumers. Social proof can also work in reverse. Saving Main Street.

Maine 199