Wed.Feb 24, 2021

Shopify-TikTok Social Commerce Pact Expands, Spurring Facebook, Pinterest In Social Sales

PYMNTS

You don’t have to read tea leaves or master divination to see that social commerce is heating up as a huge payments trend this year. Social commerce combines embedded and contextual payments with relevant content that’s proven to increase sales within a (mostly) seamless CX.

Hone Your Edge: Why Digital Fluency is Key to Banking Performance

Accenture

Which musical artist has had the longest-running streak at the top of the Billboard Hot 100 list? If you guessed The Beatles, Madonna or Prince, guess again. The answer: Lil Nas X. The singer-rapper holds the record with “Old Town Road.”

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Trending Sources

Easing Blockchain's Introduction To The Global Payments Ecosystem

PYMNTS

As corporates continue to find themselves inspired by surging bitcoin values and a massive crypto haul by Tesla , the digital currency ecosystem is beginning to drum up more interest within the corporate treasury and B2B payments arena.

More than half of Square’s revenue now comes from bitcoin trading

Payments Source

The fintech that gave life to the mobile point of sale market is seeing that business overshadowed by the ever-rising popularity of cryptocurrency. Square Earnings Bitcoin

Realizing the Benefits of Automated Machine Learning

How are organizations using machine learning and artificial intelligence (AI) to derive business value? Renowned author and professor Tom Davenport explains the rise of automated machine learning, its benefits, and success stories from businesses that are already using it.

Advance America Teams With Western Union For Money Transfer Tools

PYMNTS

Financial services platform Advance America is partnering with cross-border payment firm Western Union Company to expand its suite of payments solutions. Our companies share a common purpose, enabling millions of financial connections for our customers.

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B2B Companies Navigate Tricky Cross-Border Marketplaces And Payments  

PYMNTS

Say the words “online platform,” and most people in the payments and commerce business will instantly rattle off a few marquee names: Amazon. Airbnb. Alibaba. The online marketplace model that brings multiple buyers and sellers together is nothing new.

Global payment specifications matter more than ever

Payments Source

The shift from cash has boosted digital and called attention to the importance of standards, says EMVCo's Brian Byrne. Risk Payment processing EMV E-Commerce

BigCommerce Collaborates With Walmart On Marketplace Access

PYMNTS

Software-as-a-Service (SaaS) online shopping platform BigCommerce has teamed with Walmart in a new partnership. The collaboration will let qualified U.S.

The Internet Of (Insured) Things Part 3: Commercial Lines

Daily Fintech

Commercial insurance plays a crucial role in global economies. It shields businesses from failure by assuming risks in production of goods and services. In USA alone, there are over seven million small businesses, ranging from construction firms to grocery stores to home-based businesses.

The Best Sales Forecasting Models for Weathering Your Goals

Every sales forecasting model has a different strength and predictability method. It’s recommended to test out which one is best for your team. This way, you’ll be able to further enhance – and optimize – your newly-developed pipeline. Your future sales forecast? Sunny skies (and success) are just ahead!

Sharks Start To Circle Robinhood

PYMNTS

From all corners of finance and beyond, the critics are circling Robinhood — and is it possible that Robinhood’s (current) business model is circling the drain? Part of the platform’s allure, of course, is tied to commission-free trading.

Fed restores some services after outage on ‘operational error’

Payments Source

The automated clearinghouse system and FedWire Funds are back up and running, but other services, including Check 21, are still offline. Federal Reserve Payments

Stripe, Afterpay Join Forces To Expand BNPL To More Merchants

PYMNTS

Afterpay , which offers a buy now. pay later (BNPL) service, and Stripe , which works on payments infrastructure for eCommerce, are teaming up. The plan is to spread Afterpay services to Stripe merchants via an "easy and seamless integration," according to a press release.

McDonald’s partners with Sift to block rising fast-food fraud

Payments Source

Though the lower-ticket sales in fast food traditionally weren’t a large fraud magnet, that’s changed as fraud expanded to new channels during the pandemic. Fraud detection

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How to Choose an AI Vendor

This report explores why it is so challenging to choose an AI vendor and what you should consider as you seek a partner in AI.

Bitcoin Daily: JP Morgan Tests Blockchain Payments From Space; Klarna CEO ‘Worried’ About Bitcoin Promotional Tweets

PYMNTS

Morgan Chase recently sent blockchain payments between satellites orbiting Earth in a test of the Internet of Things (IoT) payments technology.

Stablecoin News for the week ending Wednesday 24th February.

Daily Fintech

Privately issued Stablecoins are a BIG deal! Here is our pick of the 3 most important Stablecoin news stories during the week. In January 2021, stablecoins processed $308 billion in transactions compared to bitcoin’s $297 billion.

Conversational Commerce Makes Its Voice Heard 

PYMNTS

Conversational commerce for merchants is taking another step forward today (Feb. 24) with the release of AI Annotator by the conversational artificial intelligence (AI) firm LivePerson, Inc.

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Best Buy tests smaller shopping areas to focus on e-commerce

Payments Source

Best Buy is expanding its test of a new store format that reduces the space for customers to browse by nearly half to focus more on getting digital orders out the door, according to people familiar with the move. Retailers E-Commerce

B2B Pocket Playbook: End-to-End Guide to Sales Enablement

Sales enablement is the strategic process of providing sales teams with the content, guidance, and mentorship needed to engage targeted buyers. It’s all about equipping sales professionals with the tools they need to put their best-selling foot forward. And if sales teams want to continuously sell better -- and faster -- their sales enablement process must have a game-winning strategy. It's time for you to start selling smarter - and hitting your sales number - with the best B2B database in the market. Get started today.

Berkshire Grey Partners With SPAC Revolution Acceleration Acquisition

PYMNTS

Berkshire Grey (BG) has closed a deal with the special purpose acquisition company (SPAC) Revolution Acceleration Acquisition Corp (RAAC) to file a public offering with a post-transaction equity value of up to $2.7 billion.

New Finablr owners in merger talks with Bahraini payments firm

Payments Source

The UAE-Israeli consortium that acquired UAE Exchange is in merger talks with Bahrain’s BFC Group Holdings to create a Middle Eastern remittances and currency firm with more than 24 million customers in 30 countries. Remittances M&A

Fed Money Sending System Goes Down For Hours

PYMNTS

The Federal Reserve system allowing financial institutions (FIs) to send money back and forth was down for several hours on Wednesday (Feb. 24), CNBC reported. However, it appeared to be coming back online by later in the afternoon.

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Capital One starting to raise credit limits in hunt for growth

Payments Source

Capital One Financial has begun to lift borrowing limits for certain customers as it seeks to restart growth in its sprawling credit card business. Growth strategies Credit cards Capital One

MLOps 101: The Foundation for Your AI Strategy

Machine Learning Operations (MLOps) allows organizations to alleviate many of the issues on the path to AI with ROI by providing a technological backbone for managing the machine learning lifecycle through automation and scalability.

Lowes.com Sales Spike 121 Pct, Driving Q4 Results And Topping Home Depot

PYMNTS

Lowe’s, the second-largest home improvement hardware retailer, said Wednesday (Feb. 24) that its fourth-quarter same-store sales rose 28 percent to $20.3

Klarna said to raise up to $1 billion at $31 billion valuation

Payments Source

The fresh funding would recrown the Swedish company as Europe’s most valuable startup after the payments business Checkout.com was valued at $15 billion. Digital banking Fintech Online payments

TalkShopLive Is A 'Digital Main Street' Of Livestreamed Storefronts

PYMNTS

Whether it's small businesses with a single employee, a Fortune 500 retailer doing a product launch or an A-list celebrity discussing her new book, the impact and intimacy of streaming commerce platform TalkShop.Live is gaining converts as well as conversions. "At

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Open banking's not just for Europe anymore

Payments Source

APIs and the cloud can help financial institutions reach consumers who have become accustomed to digital, says Episode Six's John Mitchell. Digital banking Fintech Digital payments

Pressure Points: How to Ensure Your B2B Pipeline Passes Inspection

This eBook highlights best practices for developing a pipeline management process that helps sales leaders and their team C.L.O.S.E (you’ll see what we mean in this eBook) more revenue through data-driven prospecting, stage analysis, and subsequent sales enablement.