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Today In Payments: Police Allege Money Launderers Using Chinese eCommerce; Square Launches On-Demand Payroll

PYMNTS

In today’s top news, Chinese authorities have made several arrests alleging cybercriminals laundered $2 billion through faux eCommerce purchases, and Square announced the launch of two real-time payment features. Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money. Square Launches On Demand Payroll.

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Catering To Cats (And Their Owners) With Customized Pet Food Plans

PYMNTS

His family had always owned cats and dogs, and when he fell into the eCommerce startup world in New York City, he decided to take a look at the pet food industry. The consumer also shares how much they want to spend on cat food, ranging from “sparing no expense” to “budget-friendly.”.

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Rakuten’s 5G Launch Postponed By Three Months

PYMNTS

s launch of its 5G services, which were originally planned for June, will have to wait. Founded in 1997, the publicly traded company is on a mission to grab a share of a market dominated by competitors such as Alibaba, Amazon, Walmart and Dillard’s, and to drive traffic to its eCommerce and financial services.

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UK Agencies Paint Stark Reality For Retail

PYMNTS

Even eCommerce sales have slowed to a below-average pace. While the government numbers were conservative about eCommerce growth, other forecasts are more bullish. The research, from Greenlight Commerce and BigCommerce found that brands expect to waste £146k on poor eCommerce planning and £158k on poor eCommerce execution this year.

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3 Must-Know Dark Social Finance Communities

The Finance Weekly

Due to the strength of the community and the increasing desire for a hub of finance professionals to engage online, it has experienced a spectacular growth, going from 50 members in January 2020 to over 2,500 today. , Carl Seidman , FP&A Leader who works with Fortune 500 companies.

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Delay Of Game: USPS Considers Massive Cuts

PYMNTS

Postal Service might be about to make eCommerce shipping woes even worse. According to several sources including the EcommerceBytes blog, the USPS is developing a new business plan focused on cost cutting and economic efficiency, and cuts are rumored that could delay mail and package delivery. The beleaguered U.S.

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AP Automation: The Three ‘P’s’ Of Standing Out In The Crowd

PYMNTS

Offering competitive pricing is critical in today’s market, as businesses’ budgets are growing tighter. “Listening to their customers’ needs, being receptive to change, offering alternative solutions and communicating will allow them to differentiate themselves.”