Friday, October 24, 2025
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Grocery company Kroger and Albertsons to collaborate

grocery company

There is path-breaking news in the world of grocery business companies. The leading grocery company, Kroger, is all set to buy its rival company Albertsons as per reports.

In the shares market, Albertsons is touching highs. The stocks of the company were up on Thursday. At the same time, Kroger sees minimal to modest developments.

Reports say that the announcement of the all-cash acquisition of the company can come on Friday. Kroger is the biggest grocery company in the market. Kroger owns two dozen banners of different brands like Fred Meyer, Ralphs, King Soopers, Harris Teeter, and many more. As for the numbers, there are 2800 stores in 35 different states of this leading grocery company. The company employs four lakh twenty thousand employees. There is only one grocery company larger than Kroger in the United States, which is Walmart.

Albertsons is an equally flouring grocery company. It owns 20 banners of Safeway and Acne, among many more. The company has 2200 supermarkets in around thirty-four states. The company gives employment to around two lakhs ninety thousand people.

But obviously, Kroger is the larger company among the two grocery companies. Kroger has a market cap of about thirty-two billion. Albertsons has a market cap of fifteen billion.

During the pandemic phase, all the grocery companies gained an opportunity to come to capture the market. As inflation increased, markets got affected, and there was only one industry that prospered. The grocery companies were the only ones to make profits.

But in general, grocery companies have a low margin. Kroger has previously made several deals. Kroger has a collaboration with British online grocer Ocado.

They came together to build huge robot-powered fulfillment centers. The merger helped in picking and packing online grocery orders.

The merger was successful. They also got into many business models. The company even made an entry into the new market of Florida. So there is high speculation about what this new collaboration will bring in.

B2B eCommerce firm, Papmall, initiates cross-border freelance payments

B2B eCommerce firm

Papmall is a popular B2B eCommerce firm that upgraded its services. It is going to enable businesses to send cross-border payments to freelancers. In case the freelancers experience any payment abandonment, they may leave the platform.

The B2B eCommerce firm may want to address this main pain point. It wants to catch the problem and contribute to the payment industry’s future. This evolved platform is going to accept international payments. The processors like Mastercard and Visa support major credit and debit cards. As per the release, the platform is going to accept cryptocurrency payments as well.

The partnerships with Alepay, Amazon, and PayPal helped the upgrade. The operation with Amazon Payment and PayPal is affordable. Also, the fee-based payment options and credit card options facilitate customer convenience. It is advantageous for freelancers as well.

Alepay supports Papmall with Cybersource payment solutions. It allows the acceptance of USD and Visa card transactions in multicurrency. This B2B eCommerce firm came into existence in 2019. It was for software sellers, outsourcing services, freelancers, SMEs, and digital products.

In August, the company said that it was going to extend its delivery locations and model. It integrated pay later, buy now options, and cryptocurrency payment features.

The company planned to make an energetic eCommerce atmosphere. It wanted to become the leading B2B and B2C eCommerce platform in the industry. The company has several visions. It wants to make customizable apps letting the buyers and sellers optimize their buying experiences.

Papmall is all set to futureproof its efforts. The experts of the company continue to leverage its power and strengthen the foundation. More technology will be available soon. It is going to put efforts into implementing the latest technology to retain clients.

With technological evolvement, it will upgrade its infrastructure for eCommerce as well. It will take initiatives to simplify cross-border payments. By looking at its efforts, we can say that the foreseeable future is great.

Digital finance receivables solution are ready from HSBC

digital finance receivables solution

Fintech Trade Ledger, a Lending-as-a-Service based in London, announced its new launch. It is set to launch the new digital finance receivables solution of HSBC.

It has used the trade Ledger platform for building the solution.

As per Trade Ledger, a digital finance receivables solution will enable HSBC to cut off significant time. It will eliminate the time that it takes to approve new RF customers’ from more than 1 month.

By making use of the latest online application, customers can transfer data through an API. They can do it manually or consider their accounting software package.

The Digital RF Solution generates a risk report and survey by making use of a decision engine. Then, it submits it to the underwriters within a few hours of the application received.

The digital finance receivables solution will streamline the decision-making process as well. The new solutions make things easy for customers to track their apps’ status.

Receivables Finance digitization approval makes this securer, faster, and simpler. The report came from the Chief Growth Officer Vijay Mendonca of Global Trade and Receivables.

Digital RF’s launch removes labor-intensive and time-consuming manual processes for the customers. Within hours they can understand if their application is going to be successful or not.

The bank has launched HTS (HSBC Trade Solutions). It is the latest digital technology stack. It is going to form HSBC’s market-leading trade offerings’ backbone.

Till now, HTS is available in Hong Kong and the United Kingdom. But RF apps are available in 8 nations, including the United States, India, Hong Kong, and the UK.

Trade Ledger’s CEO, Martin McConn, said that the partnership is very productive. It includes the largest commercial bank in the world. The platform is going to allow HSBC to offer its clients smooth and fast access to the working capital.

Digital Receivables Finance is the output of a team effort of using enterprise-grade tech. It will drive customer convenience. And also it tackles the funding gap for all businesses over the world.

BNP Paribas is all set to purchase B2B FinTech Kantox

B2B FinTech

BNP Paribas has agreed to purchase B2B FinTech Kantox. It works on currency risk management automation. It will help in adding more automation to B2B cross-border work.

Kantox’s software solution offers to bundle of Corporate FX workflow. It is armed with an API-driven strategy and a one-stop shop. It will integrate the work of the company and extend them globally to more companies.

BNP Paribas is working on Growth Technology Sustainability 2025 plan. It will accelerate the development of technology.

BNP Paribas was in search to help the corporate treasurers navigate the turbulent markets. Therefore, the partnership is going to help in adding advanced technology. It will simplify the burden of manual efforts and allow us to focus on the core business operations.

A lot of people across the globe are looking for ways to operate with cross-border payments. And more businesses need this service. This is convincing BNP Paribas to have access to B2B FinTech Kantox.

Both of the companies are planning to come in collaboration to maximize their business. They are looking for ways to keep their long-term goals intact.

B2B FinTech Kantox and BNP Paribas are pleased to declare their collaboration. The plan is to use technology and function having cross-border payments by their side.

The company has been serving customers since 2019 with the beginning of its technology partnership. The company has invested a lot of time in the field. The company got the opportunity to understand that cooperation makes them stronger. It helps in bringing more value to the customers.

A global trend for a remote workforce exists in the market. It includes multiple supply chain problems right from the COVID-19 pandemic. It has established a need for assistance in having fast-paced, effective B2B cross-border operations.

According to studies, about 48% of businesses were in search of improved cross-border payment solutions. 1/3rd are saying that they are doing fine with the current solution to meet cross-border requirements.

The changing scenario of online marketplace

online marketplace

The online marketplace is slowly becoming the first choice of consumers even as inflation increases. Inflation is at its peak. But as inflation increases, people search for offers that support their wallets.

Indeed it is the market strategy of online retailers that attract the attention of consumers. The online marketplace is an easy place to find cheap, affordable, or pocket-friendly good, quality things.

Customers get attracted to the highly competitive online marketplace. Mostly because this competition in the marketplace benefits them. Deal chasers always want the best prices. And so it’s very convenient for customers to change their loyalties.

Although there are few merchants customers show full loyalty to, it’s never enough for them. The deal chasers will always check out other viable options to find better deals. In the online marketplace, this is the easiest task.

Hence a bit of advice to the merchants will be to always keep a check on the marketplace. This also indicates that the merchants should be well aware of the online habits of their customers. And eventually enhance their checkout experiences.

In a survey, it comes out that 38% of shoppers are deal chasers. At the same time, only 36% are persuadable consumers.

This is not only about the financial status of the consumers. More often than not, this is a habit of customers. Surveys also reveal that even platforms have some role to play in browsing and buying. With online marketplace taking all the responsibility in this picture, online payment is also heavy usage.

Moreover, the surveys also talk about the importance of time. For most customers, the speed of shopping matters. Most customers are quick enough to grab deals and complete their shopping.

Many surveys show that most loyal customers and persuadable consumers spend less time making their decision. The decision-making time is less than an hour. This can be a good point for the merchants. However, the online marketplace is always a volatile place.

Interview with Gary Moskovciak from SML Group

Team eCommerce Next interviewed Gary Moskovciak from SML Group to get more insights on retail technology. Following is our interview with him:

How are brands leading the way when it comes to the widespread adoption of retail technologies?

Brands realize that to be relevant to today’s consumers, they must offer and nail an efficient hybrid channel offering: both physical and digital platforms. Consumers still prefer to shop in-store and most would do research prior to visiting the store / search the product online while in-store etc. Connecting the physical and digital world with an always-on or cloud approach is critical to provide consumers a seamless Online-to-Offline / Offline-to Online (O2O) experience. Retail technologies that enable item-level inventory management, resulting in a more agile supply chain and unlocking of BOPIS will be widely adopted. Such technologies lie at the heart of a brand’s digital transformation and in order to succeed, businesses must be driven by a leadership that understands the importance of technology being an enabler of change

What technologies can retailers implement in order to enhance their supply chain offerings?

RFID continues to be the front runner for enhancing supply chain efficiency and effectiveness. Features: As a low cost, highly versatile, and abundantly available technology RFID is being used across all industries with the largest impact on retail that enables item-level inventory management (as opposed to SKU-level management). Benefits: If properly deployed, RFID enables retail supply chains to function without line-of-sight (i.e. the need to physically see or touch the product, carton, or container). It enables real-time visibility to where products are in the supply chain. RFID also allows retailers to right size their product mix, move from a push to pull replenishment model, and enhance business analytics resulting in improved profitability.

How can retailers look towards innovative technologies to address the labor shortage impacting the industry?

Automation is the main driver to mitigate labor shortages. By leveraging technologies such as RFID, optical recognition devices, and various sensors retailers are coping with labor shortage. For example, in a warehouse or factory environment the use of RFID allows outbound auditing without the need to manually inspect, count, and record every box as it enters the truck. As goods are received at the distribution center inbound auditing experiences a similar benefit allowing the product to continue in circulation without the need for excess personnel. At the store level weekly inventory counts conducted in a matter of minutes enables the associates to know what they have with nearly perfect accuracy. RFID allows for improvement in BOPIS sales as associates spend less time searching for products or having the BOPIS order cancelled. By enabling self-checkout and utilizing RFID + QR, the customer can pick and purchase without the need for an associate to assist.

What innovative technologies can retailers implement to increase overall efficiency and drive results across global/domestic teams?

Wide scale adoption of RFID has many retailers experiencing improved efficiency and profitability throughout their ecosystem. Most deployments start at the store level helping retailers understand inventory positions, customer behavior, and enable a true omni-channel offering. We are seeing the upstream adoption of RFID at the distribution center enabling efficiencies for key functions like auditing, pick & pack, and returns processing. A seamless returns processing allows products to move back into circulation quickly. At the factory level we are seeing assembly lines utilize RFID to monitor production as well as remove the manual process of auditing outbound shipments.

All of which helps the retailer effectively manage their product with less variances (what was sent vs received) and what is truly needed versus what they think is needed.

Additionally, we are seeing an increased interest in block chain for retailers. With the trusted ledger a retailers can effectively track and trace their products’ ensuring products are ending up in the right location, not diverted, and is authentic. The use of RFID, and QR or NFC enables the ledger to add another dimension as the item itself becomes part of the block chain. The goal is to track an item throughout its life cycle not ending with the customer but rather remain in a circular economy helping retailers stay connected with customers.

Why has there been a rise in demand for frictionless technology?

As we have seen during the pandemic frictionless transactions are the norm today whether it’s at a grocery, apparel, or big box retailer all having self-check kiosks. By providing the consumer with the ability to self-serve without wasting time standing online or waiting to interact with associates to complete a sale will continue to grow in popularity.

What frictionless technologies can we expect to see within the retail industry in 2023 and beyond?

The technology whether using RFID, QR, NFC, optical readers, sensors, or BLE will continue to enable retailers to enhance the consumer’s experience. In the IoT world products are connected devices. Like how phones have become more than just a means to communicate, these connected products will continue to transform retail.

Another technology that is rapidly growing is the use of robots. While robots have been effectively used in a warehouse environment, we are starting to use them at the store level. Early uses for robots in retail are for inventory counting negating the need for humans to physically count. As robotics advance further, we will start to see them used for pick and pack options at the retail store level. This is already the case with many distribution centers today with robots picking products to fulfill a pick list.

What should retailers take into account when implementing technologies within the retail industry?

First, align all stakeholders and align on fundamental objective(s). All parties need to collaborate on this. Second, choose a technology that is proven that is most viable to meet the aligned objective and can generate the ROI. There are countless technologies that claim to solve challenges, but few have been proven to do so on a large scale.  Stay away from shiny objects as they could distract a project. Technology is dynamic, there will always be a distraction of something new but often not proven.

Third, remain focused on the business case and progress to the next case only after achieving your original objective. From an (UHF) RFID perspective it all starts with inventory accuracy. Once you know what you have and where you have it then you can progress to other cases further improving the ROI and efficiencies.

About Gary Moskovciak

Gary is responsible for overseeing business and operations in the Americas Region of SML Group. He is also responsible for designing regional strategy and implementing comprehensive business plans in the region.

About SML Group

He is now holding a position of SVP- the Americas to oversee the business and operation in the Americas region of SML Group. He is responsible for designing regional strategy and set goals for growth and profitability. Also including preparation and implementation of comprehensive business plans by planning cost effective operations and market development activities.

Businesses are becoming creative in offering cash flow crunch solutions

cash flow crunch solutions

The pandemic had a great impact on businesses and the financial world. And we have not yet recovered completely. The macroeconomic barriers are forcing the financial executives to think for the ‘new normal’. Cash flow crunch solutions are becoming essential with each passing day.

It is noticeable in companies that are into B2B sales. The margins are tightest, and legacy processes are very entrenched. Right from the finance industry up to fashion merchandising, everyone is impacted. Most business leaders are contending with the evolving marketplace. They are in search of new paths for helping customers access capital. This will help them in smoothing out the cash flow and streamline and automate operations.

Creative solutions are necessary during challenging times. Some companies have discovered new ways of using the latest digital options. The goal is to help the customers contend with the cash flow crunch solutions.

Some companies like Joor are expecting benefits from the present cash flow crunch. Fashion merchandisers are experiencing a maximum gap in financing and paying. Joor is making things easier for the brands to get money at a sale to retailers. It is offering the latter a 60-day window for paying the debt off.

Several companies like Coontz are trying to make auto loans more accessible to customers. Coontz possesses better models and can do a better job. It will come up with a cash flow crunch solutions.

Finance is not the 1st sector to receive automation. Some of the brands are working to remove some of their tedious spreadsheet and manual efforts. A lot of people think that automation will replace human employees. But it is not the case. It will ensure that the employees do not need to work long hours every week.

Businesses and financial institutions are trying their best endeavors to come up with the best. However, it is all about time. New things are going to come and solve the problem of cash crunch in the future.

Partnership simplifies marketplace payments

marketplace payments

Balance and Mirakl to enable payments. It will be on B2B marketplaces, Uber Freight Team, and Procurant. The aim is to streamline logistics for the fresh produce suppliers. Tempo France and Orokii have opened a remittance corridor. Also, Jiko has raised 40 million dollars. It will transform the liquid money storage future. All this makes flawless marketplace payments essential.

Balance and Mirakl have collaborated. Balance is a B2B payments platform. And Mirakl is an enterprise marketplace SaaS platform. These two companies will use Balance solutions to enable flawless payments for B2Bs.

Balance’s mission is to digitize B2B trade. It will bring business marketplace payments online. And the company’s partnership with Mirakl will help even more.

Uber Freight US and Procurant have collaborated as well. It allows source and book shipping with competitive benefits for fresh produce suppliers. Procurant’s cloud-based software and the logistics solutions of Uber Freight come together.

Oroki and Temp France have come together as well. They opened a remittance corridor. They did this between the US, 27 European Union nations, Ukraine, and the Philippines. They will offer money remittances based on blockchain technology. This will lower customer transaction costs, lowering the delivery time. This will also promote financial inclusion, facilitating marketplace payments.

Jiko, a financial network, has announced its Jiko Money Storage launch. It enables companies of every size to store money in spendable T-bills. The company also has plans for transforming the liquid money storage future.

Inflation has increased over the last few years. Some financial experts needed to slow their digitization initiatives down. Many companies are focusing on bringing business payments better into this 21st century.

About 2/3rd of people have received and spent at least 1 instant payment in the last year. It is a 7%-point year-over-year increase. There is no chance for growth to go back all over the sectors. In short, the era of instant payments is yet to come.

How ValueBlue Helps Retailers Achieve Digital Transformation

The retail industry is experiencing a metamorphosis thanks to online shopping. By establishing cyber storefronts, regional stores now have global reach and can increase sales exponentially with the help of online marketplaces. Digital transactions also have changed the customer relationship. Consumers are shopping for unique features, prices, and availability, without the need for the human touch of the in-store experience. To compete, retailers need to know every aspect of their organization’s data to adapt to changing trends – at any given moment. For retailers, IT and the business are coming together through digital transformation and organizations like ValueBlue.

Creating a Digital Transformation Strategy

Committing to digital transformation requires a well-conceived strategy and continuous evaluation and revision of processes. There are some clear digital retail trends to consider:

  1. Respond to changing customer needs. Changing consumer needs and expectations drive retail disruption. To remain relevant, retailers must be able to respond quickly, adapting business models to create new customer experiences. Digital transformation may call for new channels, services, products, or other innovations.
  2. Selling online is essential. Sixty-two percent of consumers shop online at least once per month, and one out of every five dollars comes from online retail purchases. The potential of online sales is too big to ignore, and for many retailers, selling online means implementing new backend business processes. Transitioning to hybrid selling (in-store and online) requires updating applications, workflows, and the enterprise landscape. You also need to create an agile enterprise architecture to accommodate growth. No small feat, but highly effective if done right.
  3. Embrace new technology. Legacy applications such as outdated inventory management and POS systems must be replaced to enable new sales channels. Applying application portfolio management (APM) as part of the enterprise architecture gives you control over the application landscape. Managing as well as acquiring new technology is essential. Using an APM solution shows you what applications are active, what data is needed, who uses that data, and what processes are performed.

Building an Enterprise Architecture for Retail

Many retailers use their enterprise architecture as the foundation for digital transformation. There is no standard blueprint for a retail enterprise architecture, and each organization must develop its own strategy. The complexity and scope of the strategy can be daunting, but BlueDolphin can help you get started. You and your IT team can use Blue Dolphin to define business goals, map business capabilities, share data, prioritize projects, and gain total control over your enterprise application portfolio.

Retailers also must reassess strategy periodically, manage uncertainty, and plan and implement changes. In e-commerce, attributes such as speed of delivery, innovation, rapid iteration, and “fail fast” are essential. Using collaborative tools such as BlueDolphin makes it easier to apply an agile approach to implementation that takes all departments and stakeholders into consideration.

It is probable that many of the processes scheduled for digitization already exist in some form, so you don’t have to start from scratch. Reusing applications, tools, and processes helps turn small steps into major strides when it comes to digitization. You also can use low-code / no-code apps and microservices to create reusable components using a drag-and-drop interface. Such solutions make it easier for business managers and process stakeholders to develop new processes with less effort.

Keeping the Enterprise Strategy Up to Date

Understanding the state of your current enterprise architecture is essential before you can plan for the future. Keeping that architecture up to date helps identify the best path, allocate resources accordingly, and collaboration provides insight into best practices, applications, and processes that need to be improved or are missing.

Instead of relying on individual departments to maintain individual strategies, creating an overview for the entire organization is more efficient. Maintaining a collaborative enterprise architecture is the best way to gather information directly from those closest to the business processes and who understand what is needed. Gathering information from stakeholders and creating a centralized view makes it easier to align organizational strategies and objectives.

The enterprise architecture is where business managers and IT come together. Here, digital landscapes can be analyzed, and aligned with the organizational objectives, and dependencies and potential roadblocks are identified. A centralized enterprise architecture perspective is especially valuable in planning projects with long lead times. With a better understanding of long-range strategies, enterprise architects can break apart a complex transformation agenda into smaller components and prioritize business-critical projects.

Once you have indexed business capabilities, processes, and applications, you can implement digital transformation through harmonious, digital-led processes. Using BlueDolphin to provide a comprehensive overview of operations, you can bring stakeholders and enterprise architects together to make the best decisions, achieving business objectives and facilitating growth. Embracing digital transformation using tools such as BlueDolphin to bring business, IT, and data together will prepare your retail operation for whatever changes are on the horizon.

Interview with Paul Nicholson from A10 Networks

Team eCommerce Next interviewed Andrew Chan from AfterShip to get more insights into the security challenges e-commerce businesses face today, drawing on data from two recent surveys. Following is our interview with him:

Why is cybersecurity important for e-commerce?

In one sense, e-commerce businesses face cybersecurity challenges similar to many other types of companies, from the rise of the work-from-anywhere workforce to the rapid adoption of cloud infrastructure, to the faster pace of DevOps development, to sudden and sometimes unpredictable shifts in network traffic. All of these trends can open new vulnerabilities for hackers to exploit and make it more difficult to defend against attacks. With both IT and security talent in high demand, e-commerce companies can easily become overwhelmed at a time when speed and agility are critical. If they can’t keep up, they risk damaging disruptions to productivity, lost revenue, and customers who turn elsewhere.

What are the top-three security issues in e-commerce?

Reputational concerns are top-of-mind. A security breach can be highly embarrassing for any type of organization, but e-commerce businesses are especially vulnerable to customer confidence problems. While the difficulty of changing banks or healthcare providers can lead consumers to stay loyal even after an incident, it’s all too easy for an e-commerce customer to switch to the competition. Would you enter your payment card information into a website that you knew had been recently hacked just to make a routine purchase?

Website performance is also crucial. You can’t deliver a competitive customer experience if you’re wrestling with security or technology incidents.

Cloud security rounds out the top-three, but the benefits of the cloud come at the cost of security complications. Management complexity and cross-cloud security were seen as key operational challenges in multi-cloud IT. If e-commerce businesses can’t ensure that their security policies and configurations are consistent across every cloud they use, they can leave gaps for hackers to exploit. Similarly, a lack of centralized visibility can lead them to miss signs of a compromise or a lapse in compliance with standards like PCI DSS and GDPR.

What kinds of security threats do e-commerce businesses face?

In addition to the reputation-related threats I mentioned earlier, including hacking, defacement, fake sites, phishing, and user data theft, respondents named specific tactics like malicious code (42 percent), DDoS attacks (35 percent), and insider attacks (27 percent). Ransomware has been a large and growing problem for years—we all remember the X-Cart attack of late 2020. Earlier this year more than 500 e-commerce sites were infected with digital credit card skimmers to capture users’ personal and financial data.

DDoS attacks are a huge problem for many of our respondents. Also, e-commerce businesses have to watch for phishing attacks against employees, which can allow threats into their environment: SQL injection attacks to breach databases, and cross-site scripting (XSS) attacks to inject malicious code into your web pages, which can expose customers to malware and other threats, which illustrates the need for zero trust with e-commerce, using effective web application firewalls (WAFs) layered with load balancing and application delivery controller (ADC) infrastructure

What technologies are key for the security of e-commerce?

Given the size and urgency of the DDoS threat alone, respondents were planning to implement DDOS protection in the next three years. Encryption is also vital to secure online communications with customers, including payment information. The latest standard, TLS 1.3, was defined in 2018, but 20 percent of respondents were still working on the upgrade.

How does Zero Trust fit into e-commerce security?

There’s a reason Zero Trust has become a fixture on the cybersecurity agenda of every modern organization. With trends like work-from-anywhere, cloud infrastructure, and everything-as-a-service rendering the traditional hardened network perimeter obsolete, companies of all kinds need to ensure security at every level of their environment. No less, the White House has joined the call for Zero Trust, as seen in its executive order on improving the nation’s cybersecurity.

E-commerce businesses typically work with a whole ecosystem of suppliers, fulfillment partners, technology providers, financial services providers, staffing agencies, independent contractors, and other third parties, all of whom have a legitimate need for access to various data and services. Zero Trust provides a way to grant the right level of access to the right people, in the right way, while limiting the risk of a rogue or careless user from allowing a data breach, malware or DDoS attack, or other such incident, and a way to communicate the importance of this across the organization

To put it simply: cybersecurity threats are an inescapable fact of life for e-commerce businesses. To protect their customers and themselves, they need to weave security throughout their organization, from technologies like DDoS protection and ADC infrastructure to strategies such as Zero Trust. It’s a major undertaking, but it’s the cost of doing business in the modern world.

About Paul Nicholson

Paul Nicholson brings 25 years of experience working with Internet and security companies in the U.S. and U.K. In his current position, Nicholson is responsible for global product marketing, technical marketing, and analyst relations at San Jose, Calif.-based security, cloud and application services leader A10 Networks. Prior to A10 Networks, Nicholson held various technical and management positions at Intel, Pandesic (the Internet company from Intel and SAP), Secure Computing, and various security start-ups.

The Role of Analytics in E-Commerce

The world of electronic commerce is constantly changing. Here, businesses have to be mindful of current market dynamics and anticipate future changes before they begin their operations. They also have to ascertain they are incorporating solid strategies, and the most robust way to be clear is by using analytical tools.

Analytics benefit e-commerce businesses by helping them create an organized workflow for an enhanced profit margin. If a firm operates without such analytics, it essentially welcomes inefficiencies.

For example, email marketing is an essential part of any business. In a company, correspondence is mainly carried out via email, and it is crucial for business owners to track it officially. For this purpose, business owners can use outlook analytics tools to authenticate email addresses, analyze and improve the sale marketing messaging, and reach the target audience with the products they resonate the best with. In this article, we’ll further discuss the role of such tools and how they facilitate e-commerce.

1.     Customer Behavioral Analytics

Customer behavior analysis plays a significant role in letting businesses create a better and more personalized experience for each customer. Analysis of search patterns, customer interests, general affordability, frequency of orders, and offers and discount acceptance strengthens e-commerce businesses’ strategies. It does so by hinting at ways to optimize profitability so that business owners can initiate relevant campaigns and cut down customer bounce-off at all times during a prospect’s user journey.

Behavioral analysis also plays a role in combating fraud in real-time. With the number of e-commerce businesses increasing, threats of account takeover fraud, credit card fraud, and refund fraud hang over these businesses. Instances of e-commerce fraud in the retail market are pretty standard. Analyzing customer context in real-time such as identity, geolocation, and type of device, alerts companies of any suspicious activity so that they can safeguard themselves timely.

2.    Review or Rating Model

Reviews and ratings under a product are also based on analytics, such as quantifying general customer interest. This reliable model ensures that the business owners actively maintain their stock of products that are actively reviewed and rated five stars by the general public.

Good reviews reflect good quality products and a satisfactory user experience. They also reflect the trustworthiness of the store, which eventually attracts the public eye. Business owners then invest in social media ads so that the most searched or reviewed product appears on the target audience’s feed constantly. This is part of the marketing strategy and ensures that the market stays relevant.

3.    Shelf-Life and Patent Sales Growth Analysis

E-commerce businesses previously had difficulty recognizing the right product for storage and warehousing. However, in these contemporary times, analytics tools are used to analyze the serviceable life of the product, customer experience, as well as whether or not the firm is meeting its growth goals. With data on shelf-life, user experience, website traffic, and growth in patent sales, these business owners are able to make data-driven decisions when stocking quality products. Such choices may vary throughout the year depending on demand analysis and forecasting.

Endnote

For a business to flourish, it has to combat any pits and bumps that may slow down its progress. In this competition, slow and steady can no longer win the race. Analytics tools are assisting e-commerce businesses to reach the top by providing numerical data for accuracy and analyzing statistics to suggest improvements required in their respective companies. Organizations that aren’t benefiting from them are likely to get outpaced by their competitors soon.

Payments fraud defense team puts it on the victims

payments fraud defense

As the digital age advances, people all over the world are becoming more aware. With the awareness among consumers, even scammers are becoming more intelligent. The payments fraud defense team thus finds it difficult to trace the fraudsters.

Fraudsters are adopting more creative methods in their scams. This huge digital shift has become a boon to their corrupted plans. Social engineering and push payment fraud are a few approaches that are saving banks from draining accounts.

The defense team against payment fraud focuses on alarming the audience. It clears that making the targets harder to achieve can become the key. The payments fraud defense team says that education and technology can become the weapon against these frauds.

The paradox here is that the technology that helps consumers derive benefits from these services is the same technology that invites trouble. Attackers get access to the data, and they can misuse it due to the technology.

In the case of synthetic IDs, scammers present themselves with the same piece of information that they gather from the web. Push Payments are another form of fraud that occurs when scammers succeed in proving themselves as legitimate firms. Thus the victims send them payments and suffer the losses.

There are multiple ways that scammers can put their plays. They can call and inform the users that their account needs a fix and ask for important credentials. They will thus access a victim’s device or computer and utilize their data for fraud.

In the age of this hyper-connectivity, social media, and extremely fast push payments, people easily fall prey to scams. Experts and the payments fraud defense team raise this concern time and again.

All the financial institutions and merchants have put their entire business on social media. This no doubt facilitates easy and accessible services. But at the same time, this puts them at risk of fraud.

One way of winning this battle is through active awareness. Since the digital space is way more profound than it seems, users and potential victims need to stay extra careful. Even the payments fraud defense team suggests this.

Non-payroll expenditures and B2B SaaS solutions

B2B SaaS solutions

B2B SaaS solutions play an important role in the market. Although they also depend on their finance teams to analyze the financial performance of different firms. They track their financial performance and thus provide key performance indicators (KPIs).

These financial reports help providers of B2B SaaS to make decisions. They can make the decision that will help companies grow. Although there are major challenges and obstacles in doing so, making the right decision is important.

Sometimes the analysis is not very clear. The lack of full visibility and active control of nonpayroll spending can put a big question mark on the data. Supplier invoices and employee expenses are important factors to consider.

In reality, 90% of surveys do not have this clarity. Either there is a lack of visibility or an absence of control of non-payroll spending until it occurs.

Non-payroll is an uncertain process. It deploys, tracks, and controls the company’s investment in increasing growth. B2B SaaS solutions are looking for one-stop solutions that can allow them to manage different types of non-payroll expenditures.

This will help the finance teams to work more efficiently. This will also make the process fast, more accurate, and facilitate management.

The concern still is that companies spend a huge chunk of time calculating non-payroll expenditures. The impact of this inefficient system is impacting the trajectory of growth.

The solution that even B2B SaaS solutions believe is an automated streamline system. A system that can automate the tracking of non-payroll spending. This will improve the financial performance by manifolds.

The non-payroll expenses include zombie, unauthorized, unwanted, duplicative, and unnecessary expenses. Studies reveal that firms and businesses can save approximately 11% of their total spending by managing non-payroll expenses.

B2B SaaS businesses will play an instrumental role. The firms that face data entry errors in managing non-payroll expenses will also get huge help. Data entry errors are predominant in small companies and firms.

A business will need to collaborate and work towards creating an automated system. This will bring ease to the process of tracking data even for B2B SaaS solutions.

Digital Economy jumped 1.2% in Q2

digital economy

The world is going through major transitions. From technical advancements to every other field, the changes are evident. Most of the drastic changes have come into place due to Covid. The pandemic brought unprecedented challenges. Thus, new solutions also came. The digital economy is one such solution.

In Northern Hemisphere, people are traveling comfortably for the first time after covid. A huge credit for this goes to the online availability of resources. People make use of online ticketing and other facilities to seek convenience.

People are finally traveling and enjoying the experience due to the growing digital economy. 178 million consumers across 11 countries buy travel tickets online. This data is only for the summer of 2022. There are also 635 million wound-up transactions online.

People prefer online shopping. Be it rental items, lodging, groceries, concert, or tickets. The world has come online. This service has not made things easier for the public but is boosting the economy as well.

This extensive online commerce is driving the digital economy to new heights. The changes happening today will make a long-term impact. Brazil witnessed one such example. . In Brazil, the first in-person carnival after the pandemic brought huge numbers.

This attracts travelers as well. The carnival became the point of attraction for many tourists. This not only makes the economy grow but is a healthy practice for people as well.

Another boost in the digital economy was because of the unification of digital wallets. The channels are today omnipresent. This makes it easier for customers to make payments worldwide.

The boost in the digital economy is due to other reasons beyond these. But the increase in engagement of consumers in the digital platform is making things easier. People can now freely move, and digital payments cater to their needs.

In the coming years, this engagement is to improve. And this improvement will boost the economy manifolds.

Transit transactions finding a space in post pandemic world

transit transactions

The transportation industry is witnessing evolution over the tears. There are huge improvements in the communication channels as well. Transit transactions are again in the picture. The world is slowly recovering from the after-effects of the pandemic.

Transit transactions are now enabling tap-to-ride technology. The world is now extensively using this technology. The pandemic created a pitfall for the entire economy. But the advancements in the public domain promise hope.

Visa today saw 1 billion tap-to-pay transit transactions. Nick Mackie, Visa Global Head of Urban Mobility, comments on transit transactions. He clears that tap-to-pay and urban mobility have an intense connection. This also offers to return ridership driving and contactless uptake.

People are now returning to public transport. Although the pandemic took a toll on the communication and transportation industry, things are getting back to normal. The rebound of digital payments in the transport industry is far greater than the total number of travelers returning.

A greater part of it concerns the pandemic. Post-pandemic realities are very different. People now are traveling less. Their workweek is also reduced. With this, the number of employers choosing work-from-home is huge. This makes the number of daily travelers on public transport even less.

In such a scenario, people prefer transit transactions. New York and London public transport users find it easier to use digital payments. In this system, users pay only the best fare.

The decision remains with the traveling public. This is an extremely flexible way of getting customers on board. This transit transaction scheme goes well with the current working pattern of half of the population.

Although achieving this with the local population was difficult, most of the public is already using transit transactions.

There is still a lot of work in progress. A lot of technicalities are necessary for the tap-and-ride process. All this will happen with Municipal corporations’ budgets.

We all understand that a lot of time will be needed to process this. The tap-to-ride scheme and the transit transactions will take time to become a part of the everyday routine.

Misleading Q4 retail and other statistics

Q4 retail

Sometimes numbers and statistics can be misleading. Even after people try to dissect the basic logic, people fail. As the economic forecast for the Q4 retail approaches, things become confusing.

The former CEO of Saks Fifth Avenue and Mastercard’s senior advisor have a comment to make on it. He predicts that consumers are in good shape when shopping and buying things. This is quite surprising considering the economic statistics.

We all know that economic conditions are worsening. People are facing the burden of increasing fuel prices, increasing rents, and other day-to-day essentials. In such a depressing economic situation, this comment by the CEO is making rounds. And the reports of Q4 retail are even more misleading.

The higher interest rates are bothering people all over the world. The news says that the savings rate has come down significantly. Inflation is increasing and making an impact on the life of middle-income families. Although the situation is grim, the statistics are not showing the results.

The statistics are not accommodating the reality of today’s situation. One more aspect of making a good number calculation is comparison. Data scientists usually first compare the data and then analyze it. This not only provides a better understanding but is also easy.

Even experts comment that the Sept. 13 report from the U.S Bureau of Labor Statistics is deceiving. The report talks about a decrease in inflation rates. As the inflation rates drop from 9.1% to 8.3% in two consecutive months.

Now, this is a very superficial statistic. Sadove talks about the difficulty of predicting Q4 retail and 2023 economic graphs.

The times are very challenging for the entire world. The economy is at an all-time low. The global supply chains are inconsistent. All sectors of the economy are suffering. Statistics show that the sales at departmental stores have gone up and are 13%. This information is under a shield, though.

Presently the market is trying to recover from the post-pandemic loss. However, people have cut down on all the extra utilities. People cannot compromise on groceries. Hence that sees a ray of shine even if the graph is low as compared to the statistics before two years.

Digital disbursements taking over the market space

digital disbursements

Industries and related markets are evolving every day. Automobiles are one such sector that needs a revolution. Digital disbursements are taking over market space. Auto companies and dealers are now planning to expand their customer interaction.

They do understand that traditional methods of the market will not be very beneficial. Digital platforms already account for 72% of automotive customer interactions. These statistics will grow in the coming future.

Many consumers also have a soft corner for rewards and offers. So companies plan to expand their rewards structure. These rewards are generally in digital form. This makes digital disbursements an important part of the end-to-end vehicle buying experience.

Digital disbursements is a new payment system. This method allows users to send funds person to person, person to business, etc. The biggest factor is that this payment method will not demand many credentials.

For more than half the consumers, digital disbursements are becoming an important part of buying automotive products. One more reason is the shutdown due to the pandemic. A survey reports that 14% of consumers prefer end-to-end online payments due to either comfort or restrictions due to Covid.

Today, even Tesla gives incentives. Though the feature is only available in China, this is a big move for the brand. The company plans to invest $6000 per vehicle in digital disbursements.

Customers have time and again expressed their glee and comfort with embedded payments. Embedded payments are more efficient and cost-effective. Embedded payments improve the digital disbursement process from end to end.

Younger consumers are happier with embedded payments and digital disbursements. Hence this satisfaction is fueling the truly end-to-end digital car buying process.

The online system is also more reliable to the customers. Consumers can research and choose vehicles. They also build up an expectation with the kind of interaction they want with the brands.

To build a reputation in the market, brands are offering rewards and incentive programs. Eventually, digital disbursements will build a customer base, and companies will know it.

The new Bike rental program by Peloton

rental program

Companies are expanding their horizons to narrow the gap between consumers’ needs and products. In one such attempt, Peloton is expanding its bike rental program nationally.

The company announced on Tuesday. The company makes several revelations one after the other in a statement. It informs about leadership changes. The company talks about the departure of the executive chairman and former CEO. Hisao Kushi, the Co-founder and Chief Legal Officer will also be leaving the company.

In the same queue, the company informs us about the rental program expansion. Peloton’s physical stores in Texas, Florida, Minnesota, and Colorado are already testing the viability of the project.

Customers can rent an original Peloton Bike for $89 a month. This offer also contains a membership. There is a $150 setup fee. However, they can also opt for the Bike for $119 monthly.

The company, apart from the rental program, also sells certified pre-owned bikes. Earlier, the company announced That Peloton would sell products on Amazon. This move is attracting new users and also increasing the subscriber base.

Barry McCarthy is now the new CEO of the company. These transformational changes are happening in his leadership. The rental program is already receiving a huge response in the market.

The company now aims to engineer a great user experience. The company informs that it receives a small profit from hardware products. The company sees profit in the other vertices. The subscription program and rental programs are profitable for the company.

With a good product review, the company aims to build good brand value. Share of Peloton closes down around 10% amid a broader market. The company now expects better.

Peloton informs that the base-level bike subscription will cost the customer just $89. It has room for a monthly subscription also. These policies seem consumer-inclusive. Hence the rental program might become a huge success.

Its customer base is already strong in some sites around the world. We expect a similar response from other parts. The rental program promises accessibility.

BNPL finds popularity among consumers

BNPL

The payment system is an ever-evolving dynamic. With a varied number of payment methods around the corner, BNPL, i.e., Buy now, pay later, is under scrutiny these days. BNPL has two dimensions. First is the way the alternative payment method meets consumers’ needs. The second is how well this benefits the merchants themselves.

Experts believe that BNPL will find huge popularity in Europe, the Middle East, and Africa. The payment system can be a big relief to the younger generation. This is because younger consumers usually do not have access to traditional financial services products.

These days the market is mostly on online platforms. The biggest weakness of any online shopper is their convenience and comfort. They want convenient and smooth payment methods. So much so that the payment process becomes almost negligible.

BNPL fits all these needs of a shopper. It delivers online credit in real time. The application process is very easy and gets completed at the time of checkout. In this way, customers do not take the trouble of worrying about money.

This is the reason BNPL saw massive growth. Predictions say BNPL transactions will soar as high as $800 billion in just a decade. Availability is also a factor that facilitates growth.

BNPL proves to be a blessing for consumers who do not have credit cards. Consumers who do a lot of online shopping but do not have credit cards are leveraging. This system enables users to monitor their expenses and maintains a transparency level.

The best indicator of the growth of the BNPL payment method is repeat customers. The consumers are willing to offer repeat businesses to the merchant offering solutions.

The service is very close to credit cards. Although the regulations differ. Experts raise the concern of developing more security and regulations around the method.

A new trend among subscribers

subscribers

The digital age is here. Post-pandemic, every consumer has also become a subscriber. Companies that were providing free services now give subscriptions for early access to the content or services. Although companies profit from this, subscribers have taken the other way out.

The pandemic brought a lot of changes in the way people function. From marketing strategy to a health concern, the way people think is different now. Today, 23% of US consumers have a retail product subscription.

Companies earn a lot of profit from these subscriptions. But after the inflation, users are trying to leverage benefits manifold. Users are using one subscription to run more than one account. This way, even one subscription benefits several people. This also helps in cost-cutting. Users divide the price among themselves, and thus the per person value decreases.

Subscribers also comment that it’s easy to overuse these subscriptions. They do not face any difficulties in doing so. And thus, they will do such things in the future as well.

While designing the product and relating subscriptions to it, the companies could not find this loophole. Due to this loophole, the retail subscription has gone down by 6.1%. Meanwhile, the share of consumers who pay for the retail product subscriptions they use dropped by 16%.

More than half of the subscribers think taking advantage of the subscription is easy. Hence they will attempt it in the future as well. Usually, family or friends bear the brunt of such subscriptions. Almost all age groups are comfortable with shared subscriptions.

Hence subscription exploitation is going to be very common among subscribers. Companies will have to either update their policies or think of something different to make a profit.

The companies cannot play it on the guilt factor of consumers. There is no guilt factor among subscribers. This cheating is more or less ethical for them.