Here is a list of product releases and updates for mid-March from companies that offer services to online merchants. There are updates on shoppable ads, fintech, B2B, shipping, multichannel fulfillment, and personalization.
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PayPal launches Instant Transfer to bank. PayPal’s new Instant Transfer to bank is now available to consumers in the U.S. It’s rolling out to businesses in the U.S. in the coming weeks, with international expansion expected shortly. Through a partnership with Chase, PayPal can access the real-time payments network from The Clearing House (owned by large U.S. banks) and enable the instant transfers. Instant Transfers to bank and debit cards come with a 1 percent per transaction fee capped at $10. Fees are subject to change.
Google launches shoppable ads on Google Images. Google is introducing shoppable ads on Google Images as another way to help merchants connect with consumers. This new format enables merchants to highlight multiple products available for sale within an ad among Google Images’ search results. Google is currently testing this on a small percentage of traffic with select retailers, surfacing on broad queries such as “home office ideas,” “shower tile designs,” and “abstract art.”
Fintech Modo announces /Checkout, connecting merchants to payment services. Modo, the fintech-as-a-service platform, has launched /Checkout, which simplifies the payment stack for ecommerce merchants. /Checkout increases basket size and the lifetime value of customers by expanding the number and type of payment options. /Checkout also enables merchants to see the total cost of payments on a transaction-by-transaction basis to manage costs. With one connection to Modo’s /Checkout API, merchants can work with multiple payment service providers, networks, and payment methods with visibility to understand the total cost of payments on a transaction-by-transaction basis.
BigCommerce launches B2B ecommerce initiative. BigCommerce for B2B is a new suite of applications for B2B ecommerce merchants. Available immediately, BigCommerce for B2B is the result of the strategic alignment between BigCommerce and six technology partners that, when integrated with BigCommerce’s software-as-a-service open platform, creates a unified B2B ecommerce solution for wholesalers, manufacturers, and distributors. Partners include Apruve, Brightpearl, Bundle B2B, Nextopia, PunchOut2Go, and ShipperHQ. As part of the initiative, BigCommerce has also released an ebook, “Exceeding Your B2B Customers’ Ecommerce Needs In 2019.”
Bank of America Merchant Services and Commerce Signals help merchants maximize advertising spend. Bank of America Merchant Services and Commerce Signals, a marketing insights provider, are joining forces to help mid-size to large businesses maximize the impact of their marketing campaign spend by connecting advertising impressions to aggregated payment data. Businesses that use payments processing from Bank of America Merchant Services together with Commerce Signals’ analytics capabilities can benefit from (i) measurement of online and in-store sales driven by digital and TV advertisements, (ii) in-flight campaign insights from a self-serve platform, and (iii) the ability to optimize marketing strategies mid-campaign.
Easyship and Pitney Bowes partner to provide ecommerce sellers with a better way to ship. Pitney Bowes, which provides shipping, mailing, data, ecommerce, and financing services, and Easyship, a leading ecommerce shipping provider, have partnered to provide merchants with seamless access to a host of tools and technology that better enable domestic and cross-border commerce. The Pitney Bowes Carrier Connect platform (formerly, shipping APIs) is available immediately for Easyship customers. No downtime is required for software updates. Carrier Connect provides compliance, integration, and label generation for merchants looking to leverage the benefits of USPS shipping, delivery, and tracking services.
UPS launches fulfillment program to help sellers manage multiple marketplaces. UPS is rolling out a fulfillment service to assist small and medium-sized businesses worldwide streamline fulfillment and shipping services to consumers in the U.S. and Canada. UPS eFulfillment supports purchases and orders from 21 marketplaces and web stores, including eBay, Walmart, Etsy, Amazon, and Amazon Prime. UPS, which is offering a free 60-day trial, stores the merchandise, packages the products once a sale is made, and ships from warehouses located in Shepherdsville, Kentucky, and Bloomington, California. Inventory stored in other locations, such as an existing warehouse, can be added to the platform.
inRiver launches application to power ecommerce supplier onboarding. inRiver, a provider of SaaS-based product information management services, has launched a supplier onboarding solution, inRiver Contribute. The application improves time to market (enriching product information from partners, suppliers, and merchants) and drives consistent customer experiences across the ecommerce ecosystem. Poor product information management impacts vendor performance, consumer trust, and ultimately, revenue. inRiver Contribute helps speed and optimize supplier onboarding.
AmeriCommerce has launched AmeriCommerce Payments. AmeriCommerce, a full-service ecommerce platform, has launched AmeriCommerce Payments for its merchants. The platform’s pricing model allows for unlimited transactions and order volume regardless of plan level. Any merhcant using the AmeriCommerce platform can start accepting payments within minutes of signing up with a consolidated view of all their transaction details in one place. AmeriCommerce Payments will introduce new pricing tiers that will promote even more incentives for volume growth. There are no monthly fees, contracts, or commitments; merchants pay only for what’s needed.
Klarna and PayBright partner to give shoppers the ability to pay over time. Klarna, a global payment provider, announced a partnership with PayBright, a Canada-based instant financing provider, to give Klarna’s 100,000 global retailers the ability to offer financing for their Canadian shoppers. Canada is the first country in Klarna’s initiative. Via Klarna’s reverse integration platform, which enables partners and other issuers, such as PayBright, to connect directly to Klarna, retailers will benefit as their integration will instantly be supported in available markets.
Yieldify launches In-Page Personalization. Yieldify, a customer journey optimization company, announced the launch of In-Page Personalization as part of its Yieldify Conversion Platform. With In-Page Personalization, clients can easily add messages and creatives to their web pages without touching any code. These additions can be added in minutes, appearing indistinguishable from the rest of the site’s content.