Retail and eCommerce highlights this week include: Infosys and Economist Impact, an arm of The Economist Group that works with organisations globally to further their missions, have launched the Value Chain Navigator (VCN) to help businesses understand and address their scope 3 emissions.
Mailchimp has announced a strategic partnership with Wix.com in addition to new integrations. This includes integration with Buy with Prime, enhanced generative AI (genAI) and a range of SMS features, bringing marketers more tools and data.
Forter launched its inaugural 2023 Consumer Trust Premium Report. The research explores how consumers truly feel about their online shopping experiences. Feedonomics, a provider of product feed management and marketplace syndication for eCommerce businesses, has announced its direct integration support for TikTok Shop in the US & UK.
Monetate launches complete the look, AI-enabled product offerings
Monetate has launched Complete the Look, part of its AI-powered Dynamic Bundles offering. The new personalisation component helps digital merchandising teams in the apparel and fashion industry curate product sets at scale to increase catalog coverage and revenue.
Grouping products in curated sets increase AOV and CVR, but most retailers struggle to build enough sets to ensure maximum catalog coverage given how manual the process is. Complete the Look, powered by Monetate Dynamic Bundles, combines merchandisers’ expertise with Monetate’s award-winning recommendation algorithms to automatically create high-quality product groups across an entire catalogue. It enhances manual efforts by leveraging real-time data to ensure products are in stock and responsive to changes in seasonality.
The product launch was announced at Monetate’s EMEA customer summit in London. Company executives expounded on how brands can achieve real-time bundling that is driven by customer preferences, responds to inventory changes and builds recommendations based on behavioural algorithms.
PAR Technology enters into an exclusive Unified Point-of-Sale agreement
ParTech, a restaurant technology operator of unified commerce for enterprise restaurants, has been selected as the exclusive point of sale (POS) software and services provider, with Brink POS and marketplace order management software, with MENU Link, for Burger King traditional restaurants in North America. ParTech, is a wholly-owned subsidiary of PAR Technology Corporation.
AR’s Brink POS is a next-gen POS software deployed in more than 21,000 restaurant locations to enable their growth. The cloud-native platform facilitates omnichannel ordering, kitchen management, restaurant operations, and analytics in a fully configurable system, all while maintaining a user-friendly design that optimises operator experience and guest engagement. Brink POS’ robust APIs ensure that customers can quickly integrate their existing IT stacks with the new PAR system, ensuring rapid and low-friction rollouts.
PAR’s MENU Link technology is one component of the PAR MENU ecosystem for omnichannel ordering. MENU Link streamlines external order management into a single system across the largest delivery marketplaces by integrating third-party ordering platforms, thereby minimizing errors, increasing efficiency, and improving guest satisfaction.
Nexi Group recognized as an Adobe Gold-Level technology partner
Nexi, the European PayTech, is now a Gold Partner in the Adobe Technology Partner Programme.
Adobe Commerce merchants will be able to access Nexi’s localised payment solutions in Italy, Poland and across the Nordic and DACH regions. The partnership makes it easy for merchants to provide a suite of personalised payment options for their customers. Pairing Adobe Commerce’s omnichannel capabilities with Nexi’s payment solutions, which span both online and in-store transactions, enables merchants to deliver a seamless shopping experience across all channels.
Retail Realm partners with BlueSnap to bring payment orchestration to Microsoft Dynamics 365 users
BlueSnap, a global payment orchestration platform of choice for B2B and B2C businesses, has announced its partnership with Retail Realm, a multinational Microsoft ISV specializing in payments. BlueSnap’s Global Payment Orchestration platform will provide Microsoft Dynamics365 users with the ability to create more dynamic global payment experiences for their customers while increasing payment ROI for their business.
BlueSnap’s global payment orchestration platform is built to support growing international businesses. It includes a network of global banks to help increase authorization rates, payment optimization tools to reduce costs, over 100+ shopper currencies to improve sales, 100+ popular payment types to convert more shoppers, solutions for regulation and tax compliance, reporting to increase visibility and simplify reconciliation, and built-in chargeback and fraud management – all available through a single integration.
Through this one integration to BlueSnap, Microsoft Dynamic 365 users can optimise local and global payments. Not only can Microsoft Dynamics 365 retailers better service their global customers with localised payment experiences using local payment methods and currencies, using BlueSnap’s Global Payment Orchestration Platform, retailers can achieve increased sales with higher authorisation rates, decrease costs with BlueSnap’s Intelligent Payment Routing and benefit from the ability to tailor value-added services such as fraud, chargeback and regulation and tax compliance to serve the needs of their market.
iwocaPay integrates into Shopify platform to offer ‘Pay Later’ trade credit solution to businesses
iwoca, one of Europe’s largest small business lenders has integrated its B2B payment solution iwocaPay with Shopify.
The move will allow Shopify’s B2B retailers to embed iwocaPay, the B2B trade credit solution, into their eCommerce checkouts. With iwocaPay at checkout, Shopify merchants can offer flexible payment terms to their business customers at checkout while taking on no credit risk themselves – making no immediate payments – and getting paid instantly.
Since going live in 2020, iwoca’s Buy Now Pay Later B2B payment solution – iwocaPay – has gone from strength to strength with consistent triple-digit growth year-on-year in 2023. Now with over 1000 merchants and integrations, including Magento, WooCommerce, QuickBooks and Xero, iwocaPay has the potential to help hundreds of thousands of businesses annually.
iwoca’s integrated B2B payment solution was born out of the need for SMEs to offer their customers flexible and easy payment solutions, access capital to facilitate growth, and reduce the unnecessary admin that comes with trade credit. By removing cash flow barriers for SMEs, iwocaPay aims to boost business growth.
