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Retail Enabler: CardinalCommerce Protects SMBs From Holiday Fraud

PYMNTS

Black Friday and Cyber Monday sales continue to increase year over year — while some project online holiday sales at $98 billion, new estimates from the National Retail Foundation project that this year’s online holiday sales could reach $117 billion. That’s where CardinalCommerce comes in.

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Uber Connect Expands For Holiday Package Delivery

PYMNTS

locations recently added for Uber Connect include Atlanta, Boston, Charlotte, Charleston, Cincinnati, Cleveland, Columbus, Connecticut, Detroit, Fort Myers-Naples, Hampton Roads, Honolulu, Indianapolis, Jacksonville, Kansas City, Las Vegas, Milwaukee, Minneapolis-St. They can track the delivery just like an Uber trip, the blog post indicated.

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Cross-Border Shoppers Purchasing Clothing Online

PYMNTS

As a result, eMarketer is forecasting that retail eCommerce sales worldwide will hit $1.9 What’s more, eMarketer projects worldwide retail eCommerce sales will near $2.4 trillion in 2017, when, for the first time, retail eCommerce will make up 10 percent of total retail sales.

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eCommerce Numbers Spike Across Categories

PYMNTS

As March sales and earnings reports start to show up this week, new data indicate that eCommerce sales for essential and nonessential retail will show a dramatic spike. New data released this morning by ACI Worldwide show that most retail categories have seen a 74 percent rise in March compared to 2019 for eCommerce.

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Stitch Fix Announces Layoffs For California Stylists

PYMNTS

The online retailer said it plans to bring approximately 2,000 stylists onboard in lower-cost areas such as Pittsburgh, Dallas, Minneapolis, Cleveland and Austin, starting in the summer and extending into 2021. In March, the retailer announced that two distribution centers had been temporarily shuttered due to COVID-19.

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PayPal gets cryptocurrency license; Fed official warns on monetary policy risks

American Banker

The New York State “Bitlicense” will allow customers to use bitcoin to make online retail purchases; Cleveland Fed chief says persistent low rates may encourage risky behavior.

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Online Catering Platforms Help Restaurants Reach Offices

PYMNTS

To help make this happen, ZeroCater recently notched $12 million in a Series B funding round with Cleveland Avenue as a lead investor, according to Crunchbase. The end goal, however, is to be the No. 1 food company serving the workforce, Sabeti said. As it moves forward, the company is also hiring more engineers, sales and product staff.

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