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Farfetch Raises $250M To Grow Luxury Fashion Platform

PYMNTS

Farfetch will use the capital to continue growing and expanding into new markets, particularly China. We are excited to build on our cooperation with Farfetch and support the company as it accelerates its growth in China and enhances its customer experience and offerings in the region,” said Martin Lau, Tencent’s president.

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Shogun Brings Big Retail Tech To Digital-First Retailers

PYMNTS

Four years and $35 million in venture capital funding later, Taylor’s company is expanding and simplifying the ability for eCommerce companies to build sophisticated yet simple web stores. Or you could find a tool like ours and customize and optimize on your own.”. He needed a name for the company and liked the book.

Retail 226
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Virtual Mall Platform Finds Traction

PYMNTS

But a new eCommerce platform coming out of the Alibaba Group in Southeast Asia is bringing a unique business model to malls in that region, one that could provide a blueprint for struggling U.S. It connects shoppers to more than 18,000 leading international and local brands. shopping destinations.

Groups 153
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Walgreens Fights Promotion Abuse With Digital Tracking

PYMNTS

Fraudsters are also capitalizing on the holiday shopping season as merchants experience higher online shopping rates than ever before due to social distancing orders. Fraudsters are looking to falsify these promotions, however, putting merchants in an untenable situation that requires a brand-new approach to fix.

Fraud 255
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Global Processing Services Nets Visa Investment For Expansion

PYMNTS

GPS's technology helps brands by allowing them to provide customized experiences put squarely in the cardholders' hands, the release says, having previously supported FinTechs, digital banks, and eWallets on their various journeys. Last year, GPS partnered with the U.K.

Study 174
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Banks, FinTechs Wield Open Banking For SMB Finance

PYMNTS

Alternative lenders, major banks and newer FinTechs have added new ways for data sharing to expand access to capital for small and medium-sized businesses (SMBs), with industry collaboration at the center of many of these efforts. iwoca Drives SMB Lending Ecosystem Connectivity. Santander Turns To M&A For Trade Finance.

Fintech 159
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10 Lessons From The Small Business Banking Conference

South State Correspondent

This conference is crucial because it provides insight into small business banking and has a good mix of essential banking-focused topics with a heavy emphasis on the customer experience. Other banks focused on the customer experience, while others looked at technology that enhanced cross-selling.