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Aug 17 Payments NEXT newsletter: 1st e-commerce payment, RoadSynch, online grocery growth, Square, news roundup... |
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As the end of the dog days of summer approaches, we’ve got our weekly global payments news roundup for you. First, we look at the 25th anniversary of Visa’s first e-commerce payment and a bit of online payments history. Next up, the logistics industry is getting a new faster payments platform from RoadSynch. Second Measure says Walmart has 62% more online grocery shoppers than nearest competitor Instacart. Square launches a cool new retail payments Terminal in Canada.
The news roundup is loaded with quick payments news items from around the globe. Happy reading and enjoy your weekend!
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| History: Visa’s 25-year anniversary of first e-commerce payment
Hard to believe I know but 25 years ago, on August 11, 1994, Visa processed the first-ever online payment. And what was that first purchase? The buyer obviously had great musical taste because it was the sale of rock star Sting’s CD “The Summoner’s Tale” by Swarthmore college student Dan Kohn. He sold it to a friend in Philadelphia for $12.48 plus shipping and e-commerce was underway. Read more… |
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Speed of payments drives logistics industry
If there’s one thing that defines the $1.8 trillion US logistics and transportation industry, it’s speed. How fast can we get the product to the customer? What’s the cost of facilities, fleet and the last mile for the fastest possible delivery? What’s the impact of speedier delivery on our bottom line? Digital payments platform RoadSync just introduced a new service to meet the challenge of faster payments throughout the logistics and transportation chain. Read more…
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US online grocery market grows, customer loyalty strong
The US online grocery market has plenty of room to grow, but new research shows some interesting market dynamics. According to a research report from Second Measure, Walmart had 62% more online grocery shoppers in June 2019 than its nearest rival Instacart. So much for the perception that tech upstarts dominate the online grocery market, although there are plenty of them. Read more... |
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Canada gets Square with new payments terminals
It’s sleek, undeniably cool-looking, and onscreen the new Square Terminal is faster, friendlier and aimed at breaking the chokehold held by traditional in-store and online payments providers who dominate today’s retail and e-commerce channels. Last week Square CEO Jack Dorsey introduced the Square Terminal to the Canadian market, with hopes that better tech and more pricing transparency will mean new retail and e-commerce business customers. Read more... |
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Payments NEXT – Aug 16: Global payments news roundup
In the global news roundup, we’ve got Wirecard’s new Grab & Go store prototype and Flatfair’s new service which aims to be the PayPal of property rentals. French DIY marketplace ManoMano reported 85% revenue growth and a new €110 million funding round.will New research shows Amazon returns in Kohl’s stores generated 24% increase in in-store foot traffic for the retailer. Square launched a new Orders API for retailers to help manage inventory, invoices and business data. Moscow’s Dostavista is targeting the Russian same-day delivery market and has $15 million in new funding to help. Read more… |
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