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FedEx Makes Major Foray Into eCommerce By Buying ShopRunner

PYMNTS

Once the FedEx acquisition closes, ShopRunner will operate as a subsidiary of FedEx Services, which provides a range of back-office functions, including IT, communications, technical support, billing and sales and marketing. Customers receive free two-day shipping, free returns, member-exclusive discounts and seamless checkout.

Chicago 285
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Revolutionizing the Way We Pay: The Top Payment Industry Trends You Need to Know in 2023

Perficient

In fact, according to The Business Research Company’s 2022 Payment Security Global Market Report , the payment security market is expected to reach $43 billion by 2026. All of Instagram’s shopping features allow users to add items from multiple vendors into an Instagram-operated cart. billion of economic output.

Industry 471
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mPOS At 37,000 Feet

PYMNTS

With the global mobile point of sale (mPOS) market projected to experience a compound annual growth rate (CAGR) of 18.8 percent from 2017 to 2026, many solution providers are looking to use partnerships as a boost to snag a bigger share of the growing market. In the January mPOS Tracker , PYMNTS charts the latest developments.

Software 220
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Deep Dive: How Restaurant Operators Are Driving mPOS Evolution

PYMNTS

Recent research indicates that restaurant operators are no longer interested in taking a back seat when it comes to industry evolution, and instead want to be active participants as new POS and payment options are unveiled. Impacts on Day-to-Day Operations. percent, according to Transparency Market Research’s findings.

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Virtual Kitchen Nets $20M To Assist Restaurants With Delivery

PYMNTS

The company helps restaurants to deliver food to expecting customers without the costlier parts of operating a dining room or whole store at the same time, which has become necessary amid the pandemic. billion by 2026, CNBC reported. Virtual Kitchen works to provide technology for others to set up commercial kitchens for food delivery.

Capital 163
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Google Cloud, Nokia Join Forces On Cloud-Native 5G Products

PYMNTS

The companies plan to develop solutions that combine Nokia’s 5G operations and networking capabilities with Google Cloud’s AI, ML and analytics technologies. By 2026, Ericsson expects over 3.5 billion consumers to use 5G, about 40 percent of the market share. 14) press release.

Google 156
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Driving Payments Innovation With Installments And Automation

PYMNTS

Small and mid-sized businesses (SMBs) can make their operations run smoother by tapping into automated processes, electronic invoices and accounts receivable (AR) tools for digital payments. percent: Expected CAGR of the eInvoicing market from 2017 to 2026. $16: 16: Minimum amount it costs to manually process a paper invoice.