E commerce – CTX Bay http://ctxbay.com/ Tue, 02 Nov 2021 00:10:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://ctxbay.com/wp-content/uploads/2021/10/profile-120x120.png E commerce – CTX Bay http://ctxbay.com/ 32 32 Ula: Why Jeff Bezos is betting on this Indonesian e-commerce start-up https://ctxbay.com/ula-why-jeff-bezos-is-betting-on-this-indonesian-e-commerce-start-up/ https://ctxbay.com/ula-why-jeff-bezos-is-betting-on-this-indonesian-e-commerce-start-up/#respond Mon, 01 Nov 2021 19:00:30 +0000 https://ctxbay.com/ula-why-jeff-bezos-is-betting-on-this-indonesian-e-commerce-start-up/ Indonesian e-commerce startup Ula is a wholesale marketplace aimed at modernizing the country’s millions of mom-and-pop kiosks, or warungs, by providing inventory and delivery services as well as financing. Founded in January 2020 by CEO Nipun Mehra, the company has thrived on a pandemic-induced digital switchover, raising more than $ 117 million in funding so […]]]>

Indonesian e-commerce startup Ula is a wholesale marketplace aimed at modernizing the country’s millions of mom-and-pop kiosks, or warungs, by providing inventory and delivery services as well as financing. Founded in January 2020 by CEO Nipun Mehra, the company has thrived on a pandemic-induced digital switchover, raising more than $ 117 million in funding so far from big names like Tencent and Lightspeed Venture. Partners. One of them is Bezos Expeditions, whose billionaire owner was told about Ula by one of the startup’s early backers. In a region where Amazon has a limited presence, Jeff Bezos’ investment of an undisclosed sum through his family office can be seen as a vote of confidence. “If you had asked me back then that there would be a day, you know, 15 years later, where that moment would come, I probably would have been like it was a dream,” Mehra said. , a former Amazon employee. CNBC do it. Watch the video above to find out how a former Amazon software engineer and his co-founders are reinventing e-commerce for a new market and getting serious funding as they go. #CNBC —– Subscribe: http://cnb.cx/2wuoARM CNBC International TV: https://cnb.cx/2NGytpz Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi

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Advance Auto Parts, Alibaba Group, Amazon, Arch Auto Parts, AutoAnything – The Host https://ctxbay.com/advance-auto-parts-alibaba-group-amazon-arch-auto-parts-autoanything-the-host/ https://ctxbay.com/advance-auto-parts-alibaba-group-amazon-arch-auto-parts-autoanything-the-host/#respond Sun, 31 Oct 2021 09:06:18 +0000 https://ctxbay.com/advance-auto-parts-alibaba-group-amazon-arch-auto-parts-autoanything-the-host/ Much has changed in the global automotive aftermarket e-commerce market. And, the things that seem to have more influence for the years 2021-2028 are uncertain due to the pandemic and other factors. This report, comprising the latest market information, studies the Automotive Spare Parts E-commerce industry. This report presents and analyzes the market performance and […]]]>

Much has changed in the global automotive aftermarket e-commerce market. And, the things that seem to have more influence for the years 2021-2028 are uncertain due to the pandemic and other factors. This report, comprising the latest market information, studies the Automotive Spare Parts E-commerce industry. This report presents and analyzes the market performance and economic status of each segment and operating region in the global Automotive Aftermarket E-commerce market. Furthermore, the Global Automotive Aftermarket E-Commerce Market report defines approaches for the market development and penetration. It reviews all segments and the policy framework of each segment.

Get a sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/1774?utm_source=Govind

Leading companies in the e-commerce auto parts market:
Advance Auto Parts, Alibaba Group, Amazon, Arch Auto Parts, AutoAnything

What does the report include?

  • The potential markets for the products and services that you are trying to enter in the global automotive aftermarket e-commerce market are included in the report.
  • Intensive research on key market segments, regions, countries and competitive landscape of the global Automotive Aftermarket E-commerce Market.
  • The report examines the forces consolidating the global E-Commerce Automotive Aftermarket market, including the demand outlook for the products and services in the market.
  • The report summarizes the implications of certain market forces for all supply chain players of E-Commerce Automotive Aftermarket industry.
  • The market size, revenue, production, GDP, CAGR, and forecast are mainly concentrated in the report while presenting the financial data.

Request this report from: https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/1774?utm_source=Govind

Type Analysis of E-Commerce Automotive Aftermarket:
By E-Commerce Retail (third party retailers, direct to customers), products (parts and accessories), consumer (parts and accessories)

Application Analysis of E-Commerce Automotive Parts Market:
N / A

Why buy this report?

  • The report is most relevant to owners, buyers, wholesalers, investors, suppliers, innovators, analysts, consultants, financial institutions and industry associations nationally and internationally.
  • The report presents the demand forecast and the supply outlook for the products and services.
  • The growth in demand of the products and services in major economies of the regions like North America, South America, APAC, MEA and other regions is shown in the report.
  • Historical data on demand, exports and imports, and based on these future export and import projections.
  • Overview of potential regions, investment opportunities and underlying challenges.
  • Prices, margins, cost structure of key products and services in individual segments.
  • Global Automotive Aftermarket E-Commerce Market Trend Overview
  • Overview of the evolution of demand and production.
  • Recent market developments and macroeconomic drivers.

The report helps answer the following questions:

  • What are the supply and demand trends shaping the global automotive aftermarket e-commerce market?
  • How will the automotive aftermarket e-commerce industry develop in key economic regions over the next few years?
  • What is the potential of the major exporting and producing countries?
  • How will tighter economic conditions impact manufacturers, investors, owners, suppliers of raw materials and sellers?
  • What is the role of technology in improving the global automotive aftermarket e-commerce market?
  • What is the current market size and future market forecast?

About Us:

Adroit Market Research is an India-based business analysis and consulting company. Our target audience is a wide range of companies, manufacturing companies, product / technology development institutions and industry associations who need to understand the size of a market, key trends, participants and the future prospects of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market information to help them create opportunities that increase their income. We follow a code: explore, learn and transform. At the core, we are curious people who enjoy identifying and understanding industry models, creating insightful study around our results, and producing lucrative roadmaps. Our analysts have followed high growth markets in Chemicals & Materials, Healthcare & Pharmaceuticals, Semiconductors & Electronics, Power & Energy, food and retail, consumer goods, technology and machinery and equipment around the world to identify new opportunities, potential customers, prepare go-to-market strategies (GTM), identify market segments business income growth, and many more.

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How Venture Capitalists Think Crypto Will Reshape Ecommerce, IT News, ET CIO https://ctxbay.com/how-venture-capitalists-think-crypto-will-reshape-ecommerce-it-news-et-cio/ https://ctxbay.com/how-venture-capitalists-think-crypto-will-reshape-ecommerce-it-news-et-cio/#respond Sat, 30 Oct 2021 10:30:00 +0000 https://ctxbay.com/how-venture-capitalists-think-crypto-will-reshape-ecommerce-it-news-et-cio/ Venture capitalists are betting billions of dollars to create what is in effect an alternate world of web finance, commerce, communications and entertainment that could radically transform major parts of the global economy, all based on the blockchain technology popularized by Bitcoin. In the first three quarters of 2021, venture capitalists invested a record $ […]]]>
Venture capitalists are betting billions of dollars to create what is in effect an alternate world of web finance, commerce, communications and entertainment that could radically transform major parts of the global economy, all based on the blockchain technology popularized by Bitcoin.

In the first three quarters of 2021, venture capitalists invested a record $ 21.4 billion in cryptocurrency and blockchain-related companies, in 1,196 transactions, according to Pitchbook, a market data provider. This is more than five times as much money as last year.

No one places a bigger bet than Andreessen Horowitz, also known as A16Z, a Silicon Valley company whose founders helped build and finance today’s internet. They say the “digital status quo is broken”, with giant tech gatekeepers taking advantage of each other’s creativity and data.

What are some of these companies doing? And how do they really work?
Collectibles and games
Start with fun stuff. Say you want work to be more like a game – let your virtual pets do the hard work by earning crypto in an online game that draws millions of players.

Axie Infinity, a Pokemon-inspired game with collectible characters who raise descendants of monsters and fight online, relies on a model called ‘play to win’, which means potentially real profits. But for now, at least, players also have to pay to start playing by purchasing new characters, which can cost a few hundred dollars each. Vietnamese game maker Axie recently raised more than $ 150 million in a funding round led by A16Z and was valued at $ 3 billion, according to the company.

This game is decentralized, which means players access it on the Ethereum blockchain and not through an app acquired through Google or Apple, arguably limiting the dominant role these companies play and the fees they charge. That’s the main draw of A16Z, which argues that the shift to blockchain technology – an open-source, web-distributed ledger that eliminates institutional middlemen – will kick off a wave of new and disruptive industries.

The company also supports platforms for so-called non-fungible tokens, or NFTs, like Open Sea, where digital artists can sell their works without the need for agents and galleries. This week, the platform hosted an online auction for “Crypto Heroe on Mars # 2225”, created by an artist who calls himself Suprematic, with a “buy now” price of 0.04 Ether, the token. principal of the Ethereum blockchain, about $ 175. (The auction ended Thursday night with no sale.) The platform charges a 2.5% fee on sales, far less than an art gallery commission.

CryptoKitties is a collectible digital cat game created by Dapper Labs in Canada in 2017, a phenomenon so curious it earned an explanation in the New York Times. A $ 140,000 sale of CryptoKitties generated a different story in 2018, and when NFTs became popular this year, cats were cool again. What would you pay for a chic kitten? The value depends on “rarity, usefulness and appearance,” explained Dapper Labs. A16Z invested $ 12 million in CryptoKitties in 2018.

The company again backed Dapper Labs this year, citing the success of NBA Top Shots, where sports fans trade digital collectibles of the most memorable moments in hoops. With around $ 780 million of these collectibles sold, the NFL, athletes and leagues around the world are also making NFT deals.

Decentralized finance and artificial intelligence
Crypto-finance can sound like science fiction. But it is our reality. Right now, all over the internet, on decentralized finance programs like Uniswap, people are trading, borrowing and lending digital assets on platforms where computer code turns heads. There is now around $ 235 billion invested in DeFi, by an industry account.

On the DeFi Compound protocol, a recent programming snafu revealed vulnerabilities in systems deliberately designed to eliminate the middlemen that regulators traditionally rely on to oversee financial transactions and ensure consumer protection. After a bug was introduced during a software upgrade, the system automatically paid around $ 160 million incorrectly and the payments could not be reversed.

Technically, Compound does not trade transactions, it simply programs software for transactions. But its founder, Robert Leshner, conceded in an interview with the New York Times this summer that he has long feared that a mistake could lead to significant losses. “For the first two years of Compound, I woke up with a cold sweat every morning,” he said.

Launched in 2017, the company now claims to have $ 18 billion worth of interest-earning cryptocurrency on its platform. Leshner’s recurring nightmare was that someone would find a loophole in the program, a line of bad code, and steal everything. “All it takes is a bug,” he said.

Community telecommunications
A16Z supports a network called Helium. This “decentralized wireless infrastructure” company hopes to one day compete with established brands like Verizon or AT&T. Community members create an access point in their neighborhood with a special device and earn data and crypto helium tokens in exchange for their contribution to powering this group 5G cellular system.

Social networks

The value of popularity on social media can now be calculated when you “tokenize” yourself and create an economy powered by your own crypto.

On BitClout, each user receives a coin, and its value suggests what the internet thinks of them. “There is no company behind it; it’s just parts and code, ”say the developers. An account by the name of Elon Musk is the most popular token at around $ 115. But the project’s launch was controversial, with crypto insiders calling the “dystopian social network” for relying on data collected by giants like Twitter to calculate reputation, among other criticisms. DeSo, short for Decentralized Social, is a blockchain network for developers to create decentralized social media programs.

If personal tokenization is too far a bridge, try applying to join FWB, or Friend With Benefits, a members-only crypto-based social and cultural club that hosts events in the virtual and physical worlds. Membership guarantees entry to club parties. At the Bitcoin conference in Miami in June, hundreds of budding friends reportedly shouted for entry, and A16Z sent a young scout to their team who was already on the scene. The company became intrigued and now supports the club. As the club becomes known, its chips increase in value, as does the price of admission.

The Babe Ruth model
In the end, many of those efforts won’t take off and pay off for Andreessen Horowitz. But a few could be huge successes. And that’s the game the firm is playing.

He was an early investor in the Coinbase cryptocurrency exchange, now the first publicly traded company, and he follows a simple philosophy adopted by Babe Ruth. “I’m rocking big, with everything I’ve got,” Ruth explained. “I hit big or miss big.”


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New Developments in the E-Commerce Automotive Aftermarket Industry – Advance Auto Parts, Alibaba Group, Amazon, Arch Auto Parts, AutoAnything https://ctxbay.com/new-developments-in-the-e-commerce-automotive-aftermarket-industry-advance-auto-parts-alibaba-group-amazon-arch-auto-parts-autoanything/ https://ctxbay.com/new-developments-in-the-e-commerce-automotive-aftermarket-industry-advance-auto-parts-alibaba-group-amazon-arch-auto-parts-autoanything/#respond Fri, 29 Oct 2021 05:15:23 +0000 https://ctxbay.com/new-developments-in-the-e-commerce-automotive-aftermarket-industry-advance-auto-parts-alibaba-group-amazon-arch-auto-parts-autoanything/ The Global E-Commerce Automotive Aftermarket Market report offers detailed information such as company profiles, product specifics and requirements, location of production, sales, and contact details. The report also provides comprehensive information on major developments in the e-commerce automotive spare parts market. Comprehensive statistics on all dimensions and a comprehensive review of all segments, groups, geographies […]]]>

The Global E-Commerce Automotive Aftermarket Market report offers detailed information such as company profiles, product specifics and requirements, location of production, sales, and contact details. The report also provides comprehensive information on major developments in the e-commerce automotive spare parts market. Comprehensive statistics on all dimensions and a comprehensive review of all segments, groups, geographies and countries were shared. The study also discusses growth factors, constraints and prospects, including strategic alliances, new product launches, programs, agreements, joint projects, and covers details relating to key players in the field. It provides businesses, customers, consumers, manufacturers, service providers and distributors with valuable insights to analyze the automotive aftermarket e-commerce market.

Free Sample Report + All Related Charts and Charts @ https://www.adroitmarketresearch.com/contacts/request-sample/1774?utm_source=PTH

E-Commerce Automotive Aftermarket Market compares historical data with current market gain, manufacturing range and market cost. Normal monitoring of the net manufacturing process of Automotive Aftermarket E-commerce industry, major players which are important, sequential arrangement and the demand and supply scenario of this Automotive Aftermarket E-commerce Market are siphoned off in this report. The data methodically analyzes the current status of global Automotive Aftermarket E-commerce industry groups along with upcoming sections that may project the Automotive Aftermarket E-Commerce Market growth over the forecast interval.

The E-Commerce Automotive Aftermarket market research report is an integration of consumer behavior and economic trends to establish and upgrade your business ideas.

For startups, it’s important to understand your customers who are a company’s primary source of income and identify the risks. The accuracy and completeness of this research report allows you to recognize the target market and minimize potential damage even when your business is in its initial stages or if it is a large corporation.

The socio-economic information expressed statistically in the report is useful for better understanding the opportunities and limitations of customer improvement.

The major players in the e-commerce automotive spare parts market include:

Advance Auto Parts, Alibaba Group, Amazon, Arch Auto Parts, AutoAnything

Access the full report description, table of contents, table of figures, graph, etc. @ https://www.adroitmarketresearch.com/industry-reports/e-commerce-automotive-aftermarket-market?utm_source=PTH

Further, the report gives a detailed overview of the demand for the product or service, market size, economic indicators, customer base and business opportunities in a particular location, market saturation, and pricing models. in the automotive spare parts e-commerce market.

The research report studies the collected data using primary data analysis that gives you a nuanced understanding of your specific target audience. The report also includes direct research on specific companies and customers. Direct research includes surveys, questionnaires, focus groups and in-depth interviews with business leaders. The study is then useful for moving the business forward by, for example, changing the logo, improving the shopping experience and assessing where customers might go instead of your business.

Competitive analysis provided on the E-Commerce Automotive Aftermarket market is helpful for defining competitive advantage that creates sustainable revenue.

Online Automotive Aftermarket Segmentation By Type:

By E-Commerce Retail (third party retailers, direct to customers), products (parts and accessories), consumer (parts and accessories)

Online Automotive Aftermarket Segmentation By Application:

N / A

Competitive analysis of E-Commerce Automotive Aftermarket business is measured on the basis of E-Commerce Automotive Aftermarket product line, service and market segment. These factors in the research report determine the market share, strengths and weaknesses, impending opportunities to enter the Automotive Aftermarket E-Commerce Market, hurdles which may hamper the Automotive Aftermarket E-Commerce Market and indirect or secondary competitors in the automotive e-commerce aftermarket.

Scope of the Global E-Commerce Automotive Parts Market Report

* Overview of the current and estimated market share, sales, and financial profit of the E-Commerce Automotive Aftermarket Market.
* Comparisons of pricing approaches used by companies to set an appropriate cost for their products and services.
* A study of marketing strategies and social media strategies used by competitors and the automotive e-commerce aftermarket.
* This comprehensive and exhaustive research report includes an overview of the Automotive Aftermarket E-Commerce industry and an analysis of the PESTEL framework of the Automotive Aftermarket Industry.

Reasons to buy this report:

* It offers an analysis of the evolution of competitive scenarios.
* To make informed decisions in companies, it offers analytical data with strategic planning methodologies.
* It offers a six-year assessment of the automotive e-commerce aftermarket.
* It helps to understand the main key product segments.
* Researchers shed light on market dynamics such as drivers, restraints, trends and opportunities.
* It offers regional analysis of E-Commerce Automotive Aftermarket market along with business profiles of several stakeholders.
* It offers massive data on trending factors that will influence the advancement of the automotive aftermarket e-commerce market.

Contents:

1 Scope of the report
1.1 Market overview
1.2 Research objectives
1.3 years taken into account
1.4 Market research methodology
1.5 Economic indicators
1.6 Currency considered
2 Executive summary
3 Global E-Commerce Automotive Aftermarket By Players
4 Automotive E-Commerce Aftermarket by Regions
4.1 Automotive E-Commerce Aftermarket Market Size by Regions
4.2 Americas E-Commerce Automotive Parts Market Size Growth
4.3 APAC E-commerce Aftermarket Market Size Growth
4.4 Europe E-Commerce Automotive Parts Market Size Growth
4.5 Middle East & Africa Automotive Aftermarket Market Size Growth
5 Americas
6 APAC
7 Europe
8 Middle East and Africa
9 market drivers, challenges and trends
9.1 Market drivers and impact
9.1.1 Growing demand from key regions
9.1.2 Growing Demand from Key Applications and Potential Industries
9.2 Challenges and Market Impact
9.3 Market trends
10 Global Automotive Aftermarket Market Forecast for E-Commerce
Analysis of the 11 key players
12 Research findings and conclusion

Do you have a specific question or requirement? Ask Our Industry Expert @ https://www.adroitmarketresearch.com/contacts/enquiry-before-buying/1774?utm_source=PTH

ABOUT US:

Adroit Market Research is an India-based business analysis and consulting company. Our target audience is a wide range of companies, manufacturing companies, product / technology development institutions and industry associations who need to understand the size of a market, key trends, participants and the future prospects of an industry. We intend to become the knowledge partner of our clients and provide them with valuable market information to help them create opportunities that increase their income. We follow a code: explore, learn and transform. At the core, we are curious people who enjoy identifying and understanding industry models, creating insightful study around our results, and producing lucrative roadmaps.

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Global Account Manager
3131 McKinney Ave Ste 600, Dallas,
TX 75204, United States
Phone number: United States: + 1.210.667.2421 / +91 9665341414


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China calls on e-commerce sites to fight spam ahead of Singles Day https://ctxbay.com/china-calls-on-e-commerce-sites-to-fight-spam-ahead-of-singles-day/ https://ctxbay.com/china-calls-on-e-commerce-sites-to-fight-spam-ahead-of-singles-day/#respond Thu, 28 Oct 2021 18:41:00 +0000 https://ctxbay.com/china-calls-on-e-commerce-sites-to-fight-spam-ahead-of-singles-day/ China’s Ministry of Industry and Information Technology (MIIT), one of the industry’s leading regulators, has called on e-commerce sites to curb SMS marketing ahead of the country’s 11th annual conference. November. Shopping party for singles. MIIT, in a social media post on Wednesday night, said it held a meeting on October 25 with representatives from […]]]>

China’s Ministry of Industry and Information Technology (MIIT), one of the industry’s leading regulators, has called on e-commerce sites to curb SMS marketing ahead of the country’s 11th annual conference. November. Shopping party for singles.

MIIT, in a social media post on Wednesday night, said it held a meeting on October 25 with representatives from e-commerce companies Alibaba Group Holding Ltd, JD.com Inc, Meituan and Pinduoduo Inc.

He said he told companies that their platform providers often used loopholes to send SMS promotions to registered users without consent, in violation of consumer rights. Unsolicited online content is commonly referred to as spam.

The regulator said it then called on companies to “check and correct” SMS marketing activities and refrain from sending SMS promotions without obtaining user consent.

Singles Day is the Chinese equivalent of American Cyber ​​Monday. Upstream and on the same day, e-commerce sites offer limited-time discounts as a promotional activity.

The MIIT meeting comes amid a year-long regulatory campaign in China, with authorities imposing restrictions and fines in industries as diverse as education and cryptocurrency.

In April, authorities fined Alibaba a record $ 2.8 billion for engaging in anti-competitive behavior.

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Hafiz Muhammad Ahmed is creating his own legacy in the world of e-commerce. https://ctxbay.com/hafiz-muhammad-ahmed-is-creating-his-own-legacy-in-the-world-of-e-commerce/ https://ctxbay.com/hafiz-muhammad-ahmed-is-creating-his-own-legacy-in-the-world-of-e-commerce/#respond Wed, 27 Oct 2021 17:24:54 +0000 https://ctxbay.com/hafiz-muhammad-ahmed-is-creating-his-own-legacy-in-the-world-of-e-commerce/ It is not now that people have realized the mind-boggling levels of development that many industries are experiencing. They knew about it a few years ago; however, the emergence of digital media has completely changed the situation. The digital wave has brought new business opportunities that have empowered people to better understand the power of […]]]>

It is not now that people have realized the mind-boggling levels of development that many industries are experiencing. They knew about it a few years ago; however, the emergence of digital media has completely changed the situation. The digital wave has brought new business opportunities that have empowered people to better understand the power of creating and launching digital businesses. As soon as some of them found out, they jumped in and largely disrupted the e-commerce space, among which one name that made the most headlines was Hafiz Muhammad Ahmed. This young businessman has consistently dominated the game in e-commerce and has grown into a prominent and versatile talent in the same field.

Hafiz Muhammad Ahmed developed as an experienced Amazon private label and wholesale expert. He has also shown his abilities and abilities as a businessman, mentor and motivational speaker, besides being also a business consultant in the world of Amazon. His unique ideas, innovations, strategies and techniques that he has formulated so far have dominated the Amazon world and how.

Today, Hafiz Ahmed is more than what we see; he is the proud CEO and Founder of “E-Comrades” (https://e-comrades.com), a growing e-commerce and marketing company that takes their customers’ e-commerce businesses to the top of their game. industry peaks. Coming from a modest family background and moving forward to achieve unprecedented success in the industry has only proven Hafiz Ahmed’s commitment and dedication to his work and his thirst to become a market leader in industry with E-Comrades.

From starting working at Amazon in 2012 until becoming a dominant figure in the industry, the launch of over 500 products shows how Hafiz Ahmed has stayed true to his visions and made sure to transform them into a beautiful reality. Traveling to different parts of the world is his hobby, but he also explores and discovers places to start a business. He devoted almost a decade to the industry and created E-Comrades, which today has grown into the largest group providing the best digital skills to young people, making them more confident in the industry, helping them to learn. new and effective strategies, mentoring on track and making them more financially independent.

If you are looking for Amazon expert advice and mentorship, Hafiz Muhammad Ahmed with E-Comrades is all you need. For more information, visit their website, https://hafizahmed.pk/.


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Authenticating Cardholder Data Can Help Reduce Ecommerce Fraud https://ctxbay.com/authenticating-cardholder-data-can-help-reduce-ecommerce-fraud/ https://ctxbay.com/authenticating-cardholder-data-can-help-reduce-ecommerce-fraud/#respond Tue, 26 Oct 2021 14:47:50 +0000 https://ctxbay.com/authenticating-cardholder-data-can-help-reduce-ecommerce-fraud/ Digital payments in the United States have grown significantly, reaching a penetration rate of 78% in 2020, according to McKinsey’s annual digital payments consumer survey. As has been the case with many things, digital commerce in the United States has been accelerated by the pandemic and the technological innovations that make these transactions transparent and […]]]>

Digital payments in the United States have grown significantly, reaching a penetration rate of 78% in 2020, according to McKinsey’s annual digital payments consumer survey. As has been the case with many things, digital commerce in the United States has been accelerated by the pandemic and the technological innovations that make these transactions transparent and straightforward.

But the exciting growth of digital payments, which are defined as browser-based, in-app, digital wallet, or person-to-person online payments, is threatened by the parallel rise in online fraud. Last year alone, experts predicted online fraud to be a $ 20 billion problem.1 Payment fraud began to spread online when EMV technology was implemented in 2015 in the United States for in-person purchases. EMV has been so successful in reducing card fraud that it has driven payment fraudsters to transact online.

The COVID-19 pandemic further exacerbated the rise in online fraud when internet traffic increased by 60%2 and more employees have started working remotely with fewer security controls in place. With commerce, including government payments, moving faster than ever to online environments, digital card-less transactions have also increased, and many environments have become vulnerable to fraudulent activity.

TOP DIGITAL FRAUD CREDIT CARD REFUNDS

As fraudsters develop sophisticated new scams such as credential stuffing (bulk payment authorization attempts to verify stolen accounts) and streaming potlucks (unauthorized sharing of streaming subscriptions). ), the most common and worrying type of online fraud is the old school. Known as friendly fraud, this is when a cardholder claims a debit is fraudulent when it was in fact a legitimate transaction.

Friendly fraud accounts for up to 75% of all chargebacks.3 This is a costly type of fraud, with businesses and government agencies losing about 84% of all chargeback disputes.4 – resulting in loss of inventory and additional processing costs. Friendly fraud is quickly becoming a major problem. Over the past three years, nearly 80% of businesses have seen an increase in friendly fraud attacks, while 68% attribute an increase in their chargeback rates to the pandemic.5

PROTECT DIGITAL TRANSACTIONS IN THE NEW NORMAL

Research shows that e-commerce and digital payments in the United States grew by almost 32% in 2020,6 and the trend is only expected to continue through 2021 and beyond. Fortunately, government agencies can take advantage of the increased growth in digital payments while protecting themselves from all types of transaction fraud, including friendly fraud.

According to a recent IBM study, organizations with a formal security strategy fare better, with an almost 50% reduction in the cost of a data breach event when it occurs.7 Yet despite strong evidence of advanced security measures, only 21% of organizations have fully deployed security automation / breach orchestration platforms.8

When developing a security strategy for digital transactions, it is important that all protection tools also help reduce false denials and unnecessary friction that impedes the smooth running of transactions for online customers. This will promote a fast, easy and convenient payment experience that will satisfy citizens.

DATA AUTHENTICATION KEY TO FIGHT AGAINST ONLINE FRAUD

With innovations in payment technology, a government agency can fight fraud and protect cardholder data in many ways while providing citizens with seamless digital payment transactions. One of the best tools available today is EMV 3-D Secure. Improving on the old 3-D Secure (commonly known as Verified by Visa or Mastercard SecureCode, among others), the updated version offers a smoother user experience and now adapts to a wide variety of devices, including devices mobile.

EMV 3-D Secure uses 10 times more evaluation data points than the previous version, enabling risk-based authentication by the card issuing bank. After the cardholder submits their information on the merchant’s payment page, it is sent to the issuing bank, which decides whether there is adequate data to determine whether the purchase is made by the genuine one. cardholder to authenticate and then authorize the cardholder transaction.

EMV 3-D Secure also relies on enhanced frictionless security such as biometrics, which is easy for cardholders to use and means customers don’t have to remember complicated passwords. These additional security features decrease the overall risk of fraud and friendly fraud in particular, as agencies that accept strongly authenticated transactions are less vulnerable to loss from potential chargeback disputes.

Government agencies incorporating this new tool into their digital payment streams are already reporting impressive results, including 85% reduced payment times and 70% reduced cart abandonments.9 By providing customers with simple and secure online payments, EMV 3-D Secure enables agencies to better protect themselves against fraud, reduce chargeback liability, increase payment authorization rates and, ultimately. account, generate income online.

To learn more about the benefits of EMV 3-D Secure for your agency and how to proceed, read this white paper.

By selecting or clicking any links in this document, you will be leaving US Bank content and going to a third party website. US Bank is not responsible for the content or the products and services provided by this third party, nor does it guarantee the availability of the system or the accuracy of any information contained on the site. This site is not controlled by US Bank. Please note that the third party website may have different privacy and information security policies than US Bank.

1 https://www.pymnts.com/news/retail/2020/ecommerce-fraud-costs-prevention/

2 https://www.paymentsdive.com/news/e-commerce-fraud-to-hit-20-billion-2021-an-18-jump-from-prior-year/599312/

3 https://hs.ethoca.com/download-the-report-now

4 https://chargeback.com/ebooks/dispute-ratios-by-industry/#:~:text=Merchant%20Loss%20to%20Chargeback%20Ratios%20by%20Channel&text=Disputes%20that%20are%20filed%20by,merchant % 20perte% 20ratio% 20est% 2084% 25.

5 https://www.businesswire.com/news/home/20210602005544/en/8-Out-of-10-Merchants-Have-Seen-an-Increase-in-Friendly-Fraud-According-to-the-2021 -Chargebacks911-Field-Report

6 https://www.emarketer.com/content/global-ecommerce-update-2021

7 https://www.ibm.com/security/data-breach

8 https://www.ibm.com/security/data-breach

9 https://www.paymentsjournal.com/what-is-3d-secure-2-0-and-how-does-it-benefit-us/


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Google Cloud calls on Cart.com to overhaul its DTC e-commerce https://ctxbay.com/google-cloud-calls-on-cart-com-to-overhaul-its-dtc-e-commerce/ https://ctxbay.com/google-cloud-calls-on-cart-com-to-overhaul-its-dtc-e-commerce/#respond Mon, 25 Oct 2021 15:32:15 +0000 https://ctxbay.com/google-cloud-calls-on-cart-com-to-overhaul-its-dtc-e-commerce/ In order to survive in today’s fast-paced world of commerce, you need to either be an e-commerce business or work with a business. Even after skyrocketing in 2020, e-commerce sales are expected to grow 18% to 23% year-on-year in 2021, according to the National Retail Federation. Unsurprisingly, one of the largest companies in the United […]]]>

In order to survive in today’s fast-paced world of commerce, you need to either be an e-commerce business or work with a business. Even after skyrocketing in 2020, e-commerce sales are expected to grow 18% to 23% year-on-year in 2021, according to the National Retail Federation.

Unsurprisingly, one of the largest companies in the United States is well aware of this. Google Cloud, Alphabet’s cloud computing arm, partners with e-commerce as a service (ECaaS) company Cart.com to deliver unified analytics to its suite of more than 2,500 brands, Cart.com announced . The two companies will also work to streamline the development of Cart.com’s machine learning and AI technologies.

“Google Cloud was an obvious choice for us because of their innovation in these spaces,” said Chase Zieman, director of data science at Cart.com. “By working with the best minds at Google, we’ll be able to bring innovative products to market even faster. Our commitment to seamless integration and authentic harmonization of data is one of the most strategic and organic building blocks of a brand. This foundation will unlock unprecedented advances in normative commerce automation everywhere. “

Cart.com’s end-to-end e-commerce solution consolidates data from all functions of a business into a single interface. The service brings together data from commerce, marketing, technology, fulfillment capabilities and other sources and merges it together, which the company says “empowers brands to make better decisions and accelerate growth through data automation “.


Read: Cart.com’s $ 98 Million Raise to Develop End-to-End Ecommerce Service

Read: Cart.com’s acquisition of Sauceda puts e-commerce operations under 1 umbrella


Working with Google Cloud, Cart.com said it would provide brands with the intelligence they need to adjust sourcing spend, polish promotional campaigns or maximize revenue by accelerating speed-to-value. of their data. Brands currently on the company’s platform can access unified analytics for all functions, including warehouse operations, storefront volume, and digital campaigns. Combining all of these data sources into one can help them identify trends in sales, inventory, returns, and more.

“Brands have a huge opportunity to deliver personalized e-commerce experiences to their customers by better leveraging their data,” said Jim Anderson, CEO of Google Cloud and member of the GTM (go to market) advisory board at CapitalG , Alphabet’s private equity firm. “Together, we empower brands with technologies and services that drive growth. “

Additionally, Cart.com said in the announcement Friday that the collaboration will help it overhaul its machine learning and AI capabilities. Companies aim to provide better suggestions to buyers with fluctuating needs. At the same time, they hope to generate better recommendations that drive profits for brands, with near zero downtime.

Founded in September 2020, Cart.com began expanding its end-to-end capabilities in July with the acquisition of full-service 3PL provider Sauceda Industries. In just over a year since its inception, the company has raised over $ 140 million in funding, including a $ 98 million Series B from investors such as PayPal Ventures, Discover Financial, Robinhood and even Uber. .

You may also like:

Your Guide to Holiday Shopping, Supply Chain Disruption Style

Alphabet Wing drone delivery arm set to deliver to cities

Instacart acquires smart tech startup Caper AI for $ 350 million


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Get this Complete Ecommerce Pack for just $ 15 https://ctxbay.com/get-this-complete-ecommerce-pack-for-just-15/ https://ctxbay.com/get-this-complete-ecommerce-pack-for-just-15/#respond Sun, 24 Oct 2021 14:00:00 +0000 https://ctxbay.com/get-this-complete-ecommerce-pack-for-just-15/ Neowin Offers October 24, 2021 10:00 AM EDT Today’s highlighted offer is from our Online Courses section of the Neowin Deals store, where for only a limited time, you can save 98% on this Complete Ecommerce Pack. Take the opportunity to earn passive income online with this 32-hour course set by one of Udemy’s top […]]]>

Neowin Offers

October 24, 2021 10:00 AM EDT

Today’s highlighted offer is from our Online Courses section of the Neowin Deals store, where for only a limited time, you can save 98% on this Complete Ecommerce Pack. Take the opportunity to earn passive income online with this 32-hour course set by one of Udemy’s top rated lecturers, Leon Chaudhari.

This pack includes the following courses:

  1. Masterclass on digital products: courses, e-books and audiobooks
    Turn an eBook in class and into an audiobook, create multiple passive income streams, and start your ecommerce business

  2. Kindle Publishing Masterclass: Writing and Publishing Kindle Books
    Generate Passive Income and Monetize eBooks with Amazon Kindle

  3. Shopify Empire Masterclass: The Complete Shopify Course
    Learn How To Build A Profitable Shopify Business – Complete Beginner To Advanced Levels

  4. Digital turnaround masterclass: learn how to turn around online services
    Learn how to buy and sell services online for profit, manage digital sales and how to hire outsourcing partners

Here’s the deal:

This Complete Ecommerce Pack normally costs $ 1,800, but can now be yours for only $ 29.99, for a limited time, that’s a savings of $ 1,770.01 off! For specifications and instructor information, please click on the link below.

Get this Complete Ecommerce Pack for just $ 15


Save 59% on the Newsly Audio News Premium Package

Access and listen to the hottest articles and podcasts on your favorite topics while you move, train, cook, clean or relax – New articles uploaded 24/7

Get the Newsly Audio News Premium Plan for just $ 49 (list price $ 119)


Not for you?

That’s okay, there are other offers you can check out here.

Neowin offers Free ebooks Neowin store

Disclosure: This is a StackCommerce offer or gift in partnership with Neowin; an account with StackCommerce is required to participate in any offer or giveaway. For a full description of StackCommerce’s privacy guidelines, click here. Neowin benefits from the shared revenue from every sale made through our branded offerings site, and all of this goes towards operating costs.


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Flipkart Launches Digital Academy To Accelerate Skills Development In Ecommerce Logistics Industry https://ctxbay.com/flipkart-launches-digital-academy-to-accelerate-skills-development-in-ecommerce-logistics-industry/ https://ctxbay.com/flipkart-launches-digital-academy-to-accelerate-skills-development-in-ecommerce-logistics-industry/#respond Sat, 23 Oct 2021 08:15:30 +0000 https://ctxbay.com/flipkart-launches-digital-academy-to-accelerate-skills-development-in-ecommerce-logistics-industry/ Flipkart, owned by Walmart, said Thursday it is setting up a digital learning academy to train thousands of students each year to help create a pool of skilled talent for supply chain operations in the country. The Supply Chain Operations Academy (SCOA) is Flipkart’s project to provide industry-relevant training and knowledge to help create a […]]]>

Flipkart, owned by Walmart, said Thursday it is setting up a digital learning academy to train thousands of students each year to help create a pool of skilled talent for supply chain operations in the country.

The Supply Chain Operations Academy (SCOA) is Flipkart’s project to provide industry-relevant training and knowledge to help create a pool of skilled talent for supply chain operations in the country. This will further help to bridge the skills gap and create employment opportunities in the expanding supply chain industry in the country.

“As one of the fastest growing countries in the world with a significant proportion of the workforce, India can unlock its potential through large-scale training and development initiatives to reap the benefits of its demographic dividend, ”said Hemant Badri, Senior Vice President and Head of Supply Chain, Flipkart.

The SCOA training program has been designed and created by the Flipkart team to provide a holistic experience and training for candidates, which will involve 15 days of digital classroom training and 45 days of on-the-job learning. employment in Flipkart supply chain facilities.

For the first phase of the program which begins on October 22, Flipkart has integrated students from Haryana, Bihar, Delhi, Jharkhand, Punjab, Rajasthan and West Bengal, who will follow the training followed by the training in course of employment. During this program, short-listed students will have the opportunity to work with full-time supply chain employees at facilities across the country, the statement said.

Students will acquire skills through Flipkart’s Learning Management System, an online platform for learning programs, where students can acquire a diverse set of skills through courses developed by experts from around the world. ‘industry.

“Flipkart is at the forefront of developing the skills needed in candidates to improve their employability and complement the country’s growth,” Badri added.

According to a recent study by BCG and the Dell Foundation, the odd-job economy has the estimated potential to serve up to 90 million jobs in India’s non-farm sector and contribute 1.25% to the economy. Long-term country’s GDP. This would require large-scale training and development initiatives, especially in the area of ​​e-commerce logistics, to build a pool of talented people qualified in various aspects of supply chain management, and the supply chain. Flipkart’s Operations Academy aims to achieve the same.


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