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New Report: SMS-Based Outreach Helps Merchants Authenticate Consumers, Boost Online Sales

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Businesses and financial institutions (FIs) are constantly examining ways to make their customers’ accounts more secure, especially as more consumers go online to make purchases and transact during the ongoing COVID-19 pandemic. Deep Dive: The Benefits And Drawbacks Of Using SMS-Based Verification. About The Tracker.

Online 272
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Why Consumers Are Firing Traditional Retailers

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Consumers are firing brick-and-mortar retailers from the jobs they held years and decades before. To get their shopping jobs done, consumers are now hiring retailers that make it convenient to do business – anywhere, anytime, through any channel and on their terms. When Buy Online, Pick Up In-Store Goes Horribly Wrong.

Retail 172
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Phoenix Welcomes Online Alcohol Delivery Startup, Drizly

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Boston-based eCommerce alcohol delivery startup Drizly has announced its next location in Phoenix, Arizona. Partnering to deliver alcohol from local liquor stores that include Lucky’s Liquor, Gary’s Liquor and Chandler Liquors, Phoenix residents will now be able to order and receive alcohol delivery from these retailers.

Phoenix 123
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How The COVID-19 Pandemic Is Driving Remote Online Notarization?s Adoption

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These reasons are driving a surge of interest in and use of remote online notarization (RON) services, according to James Schlimmer , managing partner of Naples, Florida-based notary firm Cottrell Title & Escrow. Electronic real estate closings, or eClosings, have been available since the early 2000s.

Online 131
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Private Equity Firm Advent To Buy 75 Pct Stake Of UK Parcel Deliverer Hermes In $1.3B Deal

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Boston-based Advent International , a global private equity firm focused on overseas buyouts, has purchased a stake in the United Kingdom’s parcel delivery group Hermes for 1 billion euros ($1.3 The goal for Advent is to profit on the surge in online sales. It will also take a 25 percent stake in its German business.

Boston 141
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Simon Property Group Looks To Raise $300 Million For Shell Company

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The move comes as the retail industry is reeling from a double blow: fallout from the pandemic and the great shift of consumer buying to online sales. Simon owns such properties as the upscale Copley Place in Boston. The new company will be a special purpose acquisition company (SPAC) called Simon Property Group Acquisition.

Groups 139
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ShipMonk Pulls In $290 Million For eCommerce Growth Effort

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ShipMonk has pulled in $290 million in a funding round led by Boston-based Summit Partners as part of an expansion effort. Summit Partners Managing Director Christopher Dean and Vice President Chelsea Jurman will join ShipMonk’s board. Florida’s ShipMonk, started in 2014, offers eCommerce fulfillment services and technology solutions.

Boston 167