Payments

Today’s ‘Net Terms’ Economy Hits Small Businesses and B2B Companies Hardest

Welcome to the Net Terms Economy. This “buy now, pay later” environment is not the most hospitable place for small business owners, and yet, we’re stuck here in a world that can negatively impact our businesses, our industries, and America’s economy. Explaining the Net Terms Economy Living in the Net Terms Economy means waiting to …

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Amazon Pay users in India can now pay their utility, mobile and cable bills with Alexa – TechCrunch

Amazon Pay users in India can now use voice command with Alexa to pay their utility, internet, mobile, and satellite cable TV bills, the e-commerce giant said on Wednesday. This is the first time, the company said, it is pairing these functionalities with Amazon Pay in any market. The e-commerce giant, which competes with Walmart’s …

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Why each Libra member’s mutiny hurts Facebook – TechCrunch

There’s a strategic cost to the defection of Visa, Stripe, eBay, and more from the Facebook-led cryptocurrency Libra Association. They’re not just names dropping off a list. Each potentially made Libra more useful, ubiquitous, or reputable. Now they could become obstacles to the token’s launch or growth. Fearing regulators’ inquiries not just into their Libra …

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Incredibly Positive For Blockchain Market to Have Facebook Leaning In, Says Ripple CEO

“It’s an incredibly positive signal for the overall blockchain and crypto market to have a player like Facebook leaning in,” says Ripple CEO Brad Garlinghouse. “There’s been obviously a lot of skepticism in the origins of crypto coming from kind of an anti-government and anti-bank point of view. To see major industry players lean in …

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B&H turns new sales tax challenges into a fintech opportunity – Econsultancy

Many online retailers in the US were dealt a blow when the Supreme Court ruled in South Dakota v. Wayfair that states had the right to force retailers to collect sales tax on purchases to customers in their states even when retailers do not have a physical presence there. In addition to creating a new …

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Is Big Tech and Telecom, not fintech, the biggest threat facing big banks? – Econsultancy

Much has been made of the threat fintech upstarts pose to big banks but even bigger threats might lurk in the form of Big Tech and Telecom companies. While the idea that large technology businesses might one day compete with banking giants has been a topic of discussion for some time, recent developments have brought …

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DTC Brands Doing Incredible Numbers on Shopify, Says COO

Direct to consumer brands are doing incredible numbers on Shopify, says Shopify COO Harley Finkelstein. He says that Kylie Jenner has generated almost a billion dollars in sales on the platform and many other influencers such as Kanye West, Drake, and most recently Tom Brady are also doing very well. “Even if you go beyond …

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How will Mastercard’s new free-trial policy affect the subscription economy? – Econsultancy

Mastercard, the third-largest credit card processor in the US, has announced a new policy that will make it more difficult for some businesses to automatically convert free trials into recurring subscriptions. In a press release, the company unveiled a rule change that will require certain merchants accepting Mastercard to acquire explicit cardholder approval to begin …

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New Year, New Ecommerce Strategy

With the New Year behind us and a new year in front of us, it’s time to look at ways to improve the ecommerce experience for consumers. If 2018 taught us anything, it’s that mobile and omnichannel are table stakes for merchants looking to keep customers happy and retain them over the long haul. Easier …

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3 Things Ecommerce Merchants Need to Know Before The Holidays Hit

According to a NetElixer study, U.S. ecommerce sales increased by 13% in 2017 compared to 2016. On average, the holiday season accounts for approximately 20% of all retail sales, with some retailers surpassing 30%. It’s time to prepare for the holidays, not just by developing a digital marketing plan, but with technical improvements to drive …

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3 Trends That Will Change How We Make Payments in 2018

The year 2018 is poised to be an exciting time in the payments industry as new trends and technologies emerge. The previous year actually witnessed some major changes in how payments were made. Consumers were introduced to new transfer methods and the PSD2 push as the demand for safer, smarter, and faster transactions reached critical …

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