ecommerce

eCommerce (also known as electronic commerce) is a process of buying and selling of products or services, making money transfers, and transferring data over an electronic medium (Internet). This network allows people to do business with no barrier of distance and time.

More Than Two-Thirds of US Consumers Now Subscribe to Amazon Prime
More Than Two-Thirds of US Consumers Now Subscribe to Amazon Prime
July 30, 2024  |  Retail

Amazon Prime membership is on the rise, encompassing the majority of consumers, but PYMNTS Intelligence data shows that Walmart’s quickly growing membership is becoming a...

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Maverick COO Says Embedded Finance Drives Growth and Personalization in Digital Ecosystems
Maverick COO Says Embedded Finance Drives Growth and Personalization in Digital Ecosystems
July 30, 2024  |  Payments Innovation

The integration of financial products and services into digital ecosystems is transforming commerce. “With the advancements of technology and the platforms businesses rely on to...

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Payments Orchestrators Become Open Payment Platforms to Improve eCommerce Efficiency
Payments Orchestrators Become Open Payment Platforms to Improve eCommerce Efficiency
July 30, 2024  |  Payments Innovation

As digital commerce evolves, businesses are constantly seeking innovative solutions to enhance their payment processes. And providers are working around the clock to give them...

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Meta’s Open-Source AI Model Sparks Industry Debate on Commerce’s Future
Meta’s Open-Source AI Model Sparks Industry Debate on Commerce’s Future
July 29, 2024  |  artificial intelligence

Industry experts are debating the business impact of Meta’s free artificial intelligence (AI) model Llama 3.1, weighing its potential against practical implementation challenges. Boasting 405...

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WTO Agreement Looks to Pave Way for Paperless Cross-Border Commerce
WTO Agreement Looks to Pave Way for Paperless Cross-Border Commerce
July 29, 2024  |  Cross Border Commerce

With the news that five years of trade negotiations under the World Trade Organization (WTO) Joint Statement Initiative on Electronic Commerce reached a milestone Friday...

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Pinterest Reportedly Turning to News Outlets to Sell Ads
Pinterest Reportedly Turning to News Outlets to Sell Ads
July 29, 2024  |  Partnerships

Pinterest is reportedly seeking help from news outlets and other publishers in selling ads. The social media platform is testing a new program to sell...

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Gift Card Scams Surge as Maryland Enacts Law Amid Federal Crackdown
Gift Card Scams Surge as Maryland Enacts Law Amid Federal Crackdown
July 29, 2024  |  Retail

Gift card scams are back in the news, with two federal agencies issuing warnings about their proliferation and one state now passing a law aimed...

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OpenAI Fires Shot at Google With AI-Powered ‘SearchGPT’
OpenAI Fires Shot at Google With AI-Powered ‘SearchGPT’
July 29, 2024  |  artificial intelligence

OpenAI’s new “SearchGPT” tool, launched Thursday (July 25), aims to shake up the eCommerce industry online with AI-powered product discovery and comparison. The prototype, available to...

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WTO Countries Sign Global eCommerce Agreement That Would Ban Tariffs
WTO Countries Sign Global eCommerce Agreement That Would Ban Tariffs
July 28, 2024  |  eCommerce

Several dozen World Trade Organization (WTO) countries have signed a sweeping agreement governing global eCommerce. The agreement, adopted Friday (July 26), is the first-ever set...

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