Payment processing company Stripe has become the latest tech firm to go against Donald Trump after it announced it would no longer manage payments for the out-going president's campaign website.
In addition to Stripe, both PayPal and Shopify have been moderating their platforms for several years. In 2017 following the Charlottesville riots, PayPal began banning far-right organizations, while Shopify has removed a number of controversial online stores in recent years.
Quite a lot has been going on:
Kroger Debuts On List Of Top 10 US Ecommerce Companies
Prior to 2020, grocery shopping was one of the things people usually preferred to do in person, instead of online. However, the pandemic changed everything. In 2019, online grocery sales grew 22%, but in 2020 they are predicted to grow 40% because of the need to shop safely, and consumers’ increasing comfort with ecommerce. Kroger, a grocery retailer that has been out in front of the ecommerce story since the beginning of the pandemic in the U.S.
Panasonic partners with Anchanto to expand its ecommerce capabilities across APAC -
According to Indian Retailer , through the partnership, Panasonic will leverage Anchanto’s omnichannel Order Management System (OMS), SelluSeller, to enhance its ecommerce capabilities and have a single source of truth for real-time sales, inventory, and product information for all online channels.
Overall, the implementation of the SaaS system comes to bring coherence to Panasonic’s business operations across different countries, models, and systems. In the longer term, the company is aiming at a 4x growth of its ecommerce revenue share through this strategic move.
An ecommerce bright spot at MSC Industrial Supply
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What Merchants Should Know about ISOs | Practical Ecommerce
The pandemic-induced shift to online and contactless payments has been a boon for credit card providers and their sales agents. The industry depends on those agents, called “independent sales organizations” — ISOs — to market payment services to businesses.
In this post, I will examine the role of ISOs. Understanding how ISOs operate will help merchants secure the best payment processing.
Acquiring banks and payment processors rely on ISOs to sell their services. A good ISO will use its experience in an industry to tailor solutions for merchants. ISOs that specialize in payment processing for restaurants are an example.
Ecommerce Was By Far the Biggest Retail Trend of 2020
But retail in 2020 was much more than just Amazon, Walmart and bankruptcy filings. We asked analysts for their takes on the year's biggest trends—here's what stood out to them in a very unconventional year for the retail industry:
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Media company GroupM's first-ever ecommerce forecast noted a "new plateau for newly accelerated future growth."
Jeff Malmad, executive director and lead at Shop+, a unit focused on retail and ecommerce at media agency Mindshare, pointed to internal research that found 62% of Gen X and 44% of Boomers are shopping online more now than before the pandemic.
Happiness Biotech's E-Commerce Business - Happy Buy, Achieved Over 70% Growth in December
NANPING, China , Jan. 11, 2021 /PRNewswire/ -- Happiness Biotech Group Limited (the "Company" orNasdaq: HAPP ), an innovative China -based nutraceutical and dietary supplements producer, announced today that Happy Buy, the Company's wholly-owned subsidiary focusing on e-commerce business, has achieved over 70% growth in December 2020 , on a month-on-month basis. The total sales of Happy Buy in December has reached over $5.5 million compared with approximately $3 million in November.
COVID brings an explosion in ecommerce, but high volume of stalled carts causes concern -
While many businesses have floundered during the pandemic, the regulatory response has created an environment for tech companies to flourish. Unsurprisingly, in a time of lockdown and restrictions, ecommerce has boomed. According to Adobe, online shopping in the United States achieved between four and six years’ worth of growth in just a couple of months in earlier 2020.
Obstacles remain, however, and there is a high rate of transaction failure. To sustain growth, we need to understand and solve the challenges that lead to incomplete transactions. As pandemic restrictions are lifted and people can move more freely, their shopping options will increase, which means a higher rate of people than usual may shift back to previous transaction habits.
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