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B-Stock Announces ReverseLogix as Returns Management Solutions Partner

ReverseLogix | June 10, 2022

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ReverseLogix, a provider of end-to-end returns management systems, today announced a partnership with B-Stock, the world's largest business-to-business marketplace for returned, excess, and other liquidation merchandise. The partnership provides merchants with ReverseLogix's powerful returns management solution (RMS) that empowers sellers to centrally manage eCommerce product returns with B-Stock's industry-leading platform to sell and buy customer returns, overstock, and other excess merchandise.

As consumers spend more time and money shopping online, retailers are looking to technology to help them orchestrate and automate product returns operations. With global eCommerce sales estimated to top $7 trillion dollars by 2025 (Statista), reverse logistics technology presents a significant opportunity for organizations to offer a well-managed customer experience beyond the initial point of sale through a returns experience that is easy for the customer and cost-efficient for the retailer.

"In today's eCommerce-driven world, returns management is critical to improving profitability and delivering a superior customer experience, From providing a totally self-service returns initiation to streamlining returns processing in the warehouse, to after-sales care and resale, the ReverseLogix RMS directly addresses the need for better consumer returns experiences and more efficient returns management operations. We are thrilled to collaborate with B-Stock who, like ReverseLogix, is focused on delivering solutions that deliver true business value."

- Gaurav Saran, CEO of ReverseLogix.

"As a 2-sided marketplace, B-Stock provides business value to the world's largest retailers and manufacturers by allowing them to outsource their returns process to B-Stock to drive high recovery, and operational efficiency, at a fraction of the cost it would require managing the process internally, In addition to the value to large sellers, B-Stock empowers the entrepreneurs of commerce in the form of the growing number of medium to small businesses who bid and buy on B-Stock to secure the inventory they need for their resell businesses. B-Stock's platform and recommerce expertise, combined with ReverseLogix returns management software, provides an innovative approach to optimize the entire returns process."

- Sean Cleland, Vice President to Sales and Partnerships.

About B-Stock
B-Stock is the world's largest B2B recommerce marketplace for excess [or surplus] merchandise. Businesses of all sizes leverage the B-Stock platform to sell and buy customer returns, overstock, and other excess merchandise. Our customers range from the world's largest brands and retailers (including nine of the top 10 U.S. retailers) who want best-in-class inventory management to entrepreneurs looking to source valuable merchandise for their resale businesses. B-Stock believes there is tremendous value in and demand for this inventory – no matter the category, condition, or location. We pride ourselves on empowering the entrepreneurs and innovators of commerce. Having completed over 225,000 transactions in 2021, B-Stock gives buyers a simple and direct way to buy valuable products and offers sellers a trusted replacement for traditional liquidation while boosting operational efficiency, recovery rates, and cycle time.

About ReverseLogix
ReverseLogix is the only end-to-end, centralized, and fully integrated returns management system built specifically for retail, ecommerce, manufacturing and 3PL organizations. Whether B2B, B2C or hybrid, the ReverseLogix platform facilitates, manages, and reports on the entire returns' lifecycle. Organizations that rely on ReverseLogix deliver a vastly superior customer returns experience, save employee time with faster workflows, and increase profits with 360⁰ insight into returns data.

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POS Hardware, POS Retail

FranConnect Transforms Franchise Payment Process with Expanded Availability of Sign-to-Pay Solution

PRnewswire | August 03, 2023

FranConnect, the leading franchise and multi-location management software provider, is excited to announce its launch of the Sign-to-Pay solution in partnership with Flywire, a global payments enablement and software company. FranConnect users can now access Sign-to-Pay directly within the FranConnect platform for key payment flows – bringing best-in-class payment processing to more than 1,500 brands. The Sign-to-Pay solution helps businesses save time and money by automating the collection of initial franchise payments. By streamlining this process, franchisors can dramatically speed up unit opening and start generating revenue more quickly. For many franchise brands, collecting Initial Franchise Fees (IFF's) and other upfront investments from new franchisees is a manual, error-prone, and inefficient process. The Sign-to-Pay solution allows franchise brands to collect the Initial Franchise Fee (IFF) and any other upfront investments automatically, online, as soon as a franchise agreement is executed. The payment is facilitated via a seamless integration with Flywire into the FranConnect platform that allows new franchisees to submit their payments via a variety of payment methods and currencies. "Our customers have told us for years that the speed-to-open problem for new franchise units is a serious pain point, which impacts the bottom line for them and their new franchisees. The Sign-to-Pay solution transforms how franchisors execute the critical last mile of the franchise agreement by reducing the time it takes to collect that initial franchise fee", said Gabby Wong, CEO of FranConnect. "Through this integration, franchisors can significantly reduce collection time from as long as 2 months to as short as 1 hour – in turn expediting revenue recognition and improving cash flow." The integration works by providing a "Pay Now" link on the FranConnect platform immediately after a new franchisee signs the franchise agreement. Following this link will redirect them to a dedicated Flywire payment page where submit their payment securely. Additional benefits for franchisors may include lower international processes fees, faster cash conversions, shorter collections cycle, and a reduction in days sales outstanding. "Sign-to-Pay represents the first joint solution developed from our partnership with Flywire, and we are excited to see it brought to life," said Ian Walsh, COO of FranConnect. "It is a great example of the power of our Technology partnership program. That program was designed to bring new value to our customers by introducing complementary 3rd party solutions that extend the value of FranConnect to franchise and multi-unit businesses everywhere." About FranConnect FranConnect is the leading franchise management software provider. For over 20 years, the FranConnect platform has served as the sales, operations, and marketing backbone for over 1500 brands worldwide. Nine of the Franchise Times Top 10 Fastest-Growing franchise businesses rely on FranConnect to drive growth, improve profitability, and streamline operational performance. FranConnect customers span all sizes, growth phases, and industries and they grow 44% faster on average than the broader franchising market. Backed by private-equity investor Serent Capital, FranConnect is headquartered in Herndon, Virginia, with global offices in Australia, India, Colombia and Canada. About Flywire Flywire is a global payments enablement and software company. Flywire combines its proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for clients and their customers.Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, so organizations can optimize the payment experience for their customers while eliminating operational challenges.Flywire supports 3,300 + clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices.

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POS Retail, ERP

UK Supermarket Leader Morrisons Selects Eagle Eye to Supercharge Loyalty and Promotions Capabilities

PRnewswire | July 10, 2023

Eagle Eye, a leading SaaS technology company powering real-time, omnichannel and personalised consumer marketing activities, has secured a five-year contract with Morrisons Supermarket Ltd, one of the largest supermarket chains in the UK to further develop its loyalty and promotional offering. Eagle Eye's AIR platform will enhance Morrisons loyalty programme, which allows customers to benefit from exclusive prices and earn points on selected products in-store, online and on fuel. The new offering will create more ways of engaging with customers, and help the supermarket scale the number of broadcast and targeted offers available, giving customers more reasons to shop at Morrisons. The scheme will be rolled out to all 499 stores nationwide and is expected to go live later in 2023. The delivery of an enhanced digital loyalty and promotions solution will enable Morrisons to continue to innovate its in-store and online customer experience to drive incremental sales and to become more personalised at scale. Rachel Eyre, Morrisons Chief Customer & Marketing Officer, said: "This has been a transformational year for our More Card loyalty scheme, and we are very pleased to be working with Eagle Eye, who are an acknowledged leader in this field, as we implement our plans to develop the scheme still further for our customers." Tim Mason, CEO of Eagle Eye, said: "We are excited to have won this multi-year contract with Morrisons, one of the UK's leading supermarkets, and look forward to supporting their commitment to helping customers make every penny go further, saving them money on the everyday items they want and need. We are proud that our platform is supporting the exciting pace of innovation taking place across the retail sector at a time when providing value for consumers has never been more important." About Eagle Eye Eagle Eye is a leading SaaS technology company enabling retail, travel and hospitality brands to earn the loyalty of their end customers by powering their real-time, omnichannel and personalised consumer marketing activities. Eagle Eye AIR is a cloud-based platform that provides the most flexible and scalable loyalty and promotions capability in the world. More than 750 million personalised offers are executed via the platform every week, and it currently hosts over 100 million individual loyalty members for businesses all over the world. We are trusted to deliver a secure service at hundreds of thousands of physical POS destinations worldwide, enabling the real-time issuance and redemption of promotional coupons, loyalty offers, gift cards, subscription benefits and more. The Eagle Eye AIR platform is currently powering loyalty and customer engagement solutions for enterprise businesses all over the world, including Asda, Tesco, Morrisons, Waitrose and John Lewis & Partners, JD Sports, Pret a Manager, Loblaws, Southeastern Grocers, Giant Eagle and the Woolworths Group. In January 2023, the Group acquired France-based Untie Nots, an AI-powered personalised promotions business, adding Carrefour, E. Leclerc, Auchan and other leading brands to its European customer base.

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POS Retail

Tazapay Secures MPI Licence from Singapore's MAS, Bolstering Its Cross-Border Payment Capabilities

PRnewswire | August 04, 2023

Following the in-principle approval earlier this year, Tazapay Pte. Ltd. ("Tazapay") a leading fintech company specialising in cross-border payments, is delighted to announce the attainment of a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS). The approval from MAS further underpins Tazapay's commitment to robust regulatory compliance and operational excellence. Singapore, known as a hub for international trade and commerce, offers the perfect vantage point for Tazapay to expand its reach and impact across Asia and beyond. The MPI licence allows Tazapay to extend its full suite of services, spanning account issuance, merchant acquisition, cross-border and domestic money transfers, and e-money issuance, to its growing client base. Rahul Shinghal, CEO of Tazapay, shares his excitement, "Receiving this licence from MAS is a remarkable milestone in our journey. It not only signifies our commitment to delivering the highest standards of regulatory compliance but also paves the way for us to provide even more innovative and mission-critical cross-border payment solutions. As a Singapore-born and headquartered company, we view this achievement with immense pride and gratitude." Even amidst a challenging tech winter, Tazapay continues to demonstrate resilience and an unwavering commitment to growth. The MPI licence acts as a catalyst for a host of forthcoming initiatives dedicated to augmenting the quality, security and user-friendliness of Tazapay's services. Coupled with the successful closing of our series A funding of USD 16.9 Million, Tazapay is better positioned than ever to transform the way cross-border e-commerce merchants operate especially in sectors such as travel, education technology, fashion & apparel, gifting and gaming. With this milestone, Tazapay is ready to redefine cross-border transactions, offering a seamless and secure payment experience to businesses in the vibrant e-commerce space. The journey continues, and Tazapay remains dedicated to its mission of making global payments as smooth and frictionless as possible. About Tazapay Tazapay is a Singapore-based fintech company, designed to redefine the cross-border payment experience. Since its inception in 2021 by industry veterans, Tazapay has raised a successful $16.9 million Series A funding round, with significant investment from prestigious institutions such as Sequoia and the PayPal Alumni Fund. The platform allows businesses to transact with ease in 173+ countries, offering an array of card and local payment options. Its unified interface simplifies the onboarding process, allowing businesses to partner with just one entity, thereby streamlining their payment process. Tazapay continues to drive global business growth by offering a trusted and accessible platform for cross-border e-commerce transactions.

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POS Retail

Stax Payments Adds PayPal Payment Offerings to Expand Customer Choice

Businesswire | July 12, 2023

Stax Payments, the all-in-one payments provider, is working with PayPal to offer a comprehensive solution for accepting payments online for its customers. Eligible Stax Payments customers can now accept payments with PayPal, Venmo and PayPal Pay Later options. Beyond new payment options, the collaboration with PayPal offers Stax customers near instant access to funds, fraud detection, Seller Protection on eligible transactions and the built-in compliance standards PayPal is known for. PayPal’s more than 430 million global active accounts will now easily be able to make purchases with those merchants. The collaboration between Stax and PayPal reflects a shared vision to deliver seamless experiences that help merchants grow their businesses and sell more. By being able to accept PayPal, Venmo and PayPal Pay Later options, Stax customers will reap countless benefits, including: • Improve the customer experience by catering to their needs, offering some of the most popular payment options and letting customers pay the way they want. • Drive more sales through offering a seamless payments experience to make purchasing easier, as well as letting customers select a buy now, pay later offer that works best for them through PayPal Pay Later solutions. • Implement fast checkout by letting customers easily make purchases with the click of a button, creating as little friction as possible in the checkout process. “Customers have more ways to pay than ever, and merchants need to be able to accept a wide variety of payment options to keep up with demand,” said Chris Staymates, chief technology officer at Stax. “Collaborating with PayPal, we’re able to give our customers the opportunity to create a smoother shopping experience for their buyers, improving customer retention and ultimately increasing their bottom line. At Stax, we pride ourselves on keeping pace with the rapidly-evolving fintech industry, and this collaboration helps us do just that.” Together, Stax and PayPal are providing a solution that gives merchants the foundation for ongoing business success. About Stax Stax is one of America's fastest-growing fintech companies, recognized by U.S. News and World Report, Inc., and Fortune for its radically simple payment technology. Stax Payments empowers more than 22,000 small businesses, large businesses, and software platforms through the industry's only all-in-one payments. Stax's platform provides businesses and SaaS platforms the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions. With access to everything they need to transact seamlessly, the one-stop tool allows companies to move faster, think smarter, and make better business decisions through the power of payments. Stax has powered more than $10 billion in transactions and expanded globally to international markets outside the U.S.

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POS Hardware, POS Retail

FranConnect Transforms Franchise Payment Process with Expanded Availability of Sign-to-Pay Solution

PRnewswire | August 03, 2023

FranConnect, the leading franchise and multi-location management software provider, is excited to announce its launch of the Sign-to-Pay solution in partnership with Flywire, a global payments enablement and software company. FranConnect users can now access Sign-to-Pay directly within the FranConnect platform for key payment flows – bringing best-in-class payment processing to more than 1,500 brands. The Sign-to-Pay solution helps businesses save time and money by automating the collection of initial franchise payments. By streamlining this process, franchisors can dramatically speed up unit opening and start generating revenue more quickly. For many franchise brands, collecting Initial Franchise Fees (IFF's) and other upfront investments from new franchisees is a manual, error-prone, and inefficient process. The Sign-to-Pay solution allows franchise brands to collect the Initial Franchise Fee (IFF) and any other upfront investments automatically, online, as soon as a franchise agreement is executed. The payment is facilitated via a seamless integration with Flywire into the FranConnect platform that allows new franchisees to submit their payments via a variety of payment methods and currencies. "Our customers have told us for years that the speed-to-open problem for new franchise units is a serious pain point, which impacts the bottom line for them and their new franchisees. The Sign-to-Pay solution transforms how franchisors execute the critical last mile of the franchise agreement by reducing the time it takes to collect that initial franchise fee", said Gabby Wong, CEO of FranConnect. "Through this integration, franchisors can significantly reduce collection time from as long as 2 months to as short as 1 hour – in turn expediting revenue recognition and improving cash flow." The integration works by providing a "Pay Now" link on the FranConnect platform immediately after a new franchisee signs the franchise agreement. Following this link will redirect them to a dedicated Flywire payment page where submit their payment securely. Additional benefits for franchisors may include lower international processes fees, faster cash conversions, shorter collections cycle, and a reduction in days sales outstanding. "Sign-to-Pay represents the first joint solution developed from our partnership with Flywire, and we are excited to see it brought to life," said Ian Walsh, COO of FranConnect. "It is a great example of the power of our Technology partnership program. That program was designed to bring new value to our customers by introducing complementary 3rd party solutions that extend the value of FranConnect to franchise and multi-unit businesses everywhere." About FranConnect FranConnect is the leading franchise management software provider. For over 20 years, the FranConnect platform has served as the sales, operations, and marketing backbone for over 1500 brands worldwide. Nine of the Franchise Times Top 10 Fastest-Growing franchise businesses rely on FranConnect to drive growth, improve profitability, and streamline operational performance. FranConnect customers span all sizes, growth phases, and industries and they grow 44% faster on average than the broader franchising market. Backed by private-equity investor Serent Capital, FranConnect is headquartered in Herndon, Virginia, with global offices in Australia, India, Colombia and Canada. About Flywire Flywire is a global payments enablement and software company. Flywire combines its proprietary global payments network, next-gen payments platform and vertical-specific software to deliver the most important and complex payments for clients and their customers.Flywire leverages its vertical-specific software and payments technology to deeply embed within the existing A/R workflows for its clients across the education, healthcare and travel vertical markets, as well as in key B2B industries. Flywire also integrates with leading ERP systems, so organizations can optimize the payment experience for their customers while eliminating operational challenges.Flywire supports 3,300 + clients with diverse payment methods in more than 140 currencies across 240 countries and territories around the world. Flywire is headquartered in Boston, MA, USA with global offices.

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POS Retail, ERP

UK Supermarket Leader Morrisons Selects Eagle Eye to Supercharge Loyalty and Promotions Capabilities

PRnewswire | July 10, 2023

Eagle Eye, a leading SaaS technology company powering real-time, omnichannel and personalised consumer marketing activities, has secured a five-year contract with Morrisons Supermarket Ltd, one of the largest supermarket chains in the UK to further develop its loyalty and promotional offering. Eagle Eye's AIR platform will enhance Morrisons loyalty programme, which allows customers to benefit from exclusive prices and earn points on selected products in-store, online and on fuel. The new offering will create more ways of engaging with customers, and help the supermarket scale the number of broadcast and targeted offers available, giving customers more reasons to shop at Morrisons. The scheme will be rolled out to all 499 stores nationwide and is expected to go live later in 2023. The delivery of an enhanced digital loyalty and promotions solution will enable Morrisons to continue to innovate its in-store and online customer experience to drive incremental sales and to become more personalised at scale. Rachel Eyre, Morrisons Chief Customer & Marketing Officer, said: "This has been a transformational year for our More Card loyalty scheme, and we are very pleased to be working with Eagle Eye, who are an acknowledged leader in this field, as we implement our plans to develop the scheme still further for our customers." Tim Mason, CEO of Eagle Eye, said: "We are excited to have won this multi-year contract with Morrisons, one of the UK's leading supermarkets, and look forward to supporting their commitment to helping customers make every penny go further, saving them money on the everyday items they want and need. We are proud that our platform is supporting the exciting pace of innovation taking place across the retail sector at a time when providing value for consumers has never been more important." About Eagle Eye Eagle Eye is a leading SaaS technology company enabling retail, travel and hospitality brands to earn the loyalty of their end customers by powering their real-time, omnichannel and personalised consumer marketing activities. Eagle Eye AIR is a cloud-based platform that provides the most flexible and scalable loyalty and promotions capability in the world. More than 750 million personalised offers are executed via the platform every week, and it currently hosts over 100 million individual loyalty members for businesses all over the world. We are trusted to deliver a secure service at hundreds of thousands of physical POS destinations worldwide, enabling the real-time issuance and redemption of promotional coupons, loyalty offers, gift cards, subscription benefits and more. The Eagle Eye AIR platform is currently powering loyalty and customer engagement solutions for enterprise businesses all over the world, including Asda, Tesco, Morrisons, Waitrose and John Lewis & Partners, JD Sports, Pret a Manager, Loblaws, Southeastern Grocers, Giant Eagle and the Woolworths Group. In January 2023, the Group acquired France-based Untie Nots, an AI-powered personalised promotions business, adding Carrefour, E. Leclerc, Auchan and other leading brands to its European customer base.

Read More

POS Retail

Tazapay Secures MPI Licence from Singapore's MAS, Bolstering Its Cross-Border Payment Capabilities

PRnewswire | August 04, 2023

Following the in-principle approval earlier this year, Tazapay Pte. Ltd. ("Tazapay") a leading fintech company specialising in cross-border payments, is delighted to announce the attainment of a Major Payment Institution (MPI) licence from the Monetary Authority of Singapore (MAS). The approval from MAS further underpins Tazapay's commitment to robust regulatory compliance and operational excellence. Singapore, known as a hub for international trade and commerce, offers the perfect vantage point for Tazapay to expand its reach and impact across Asia and beyond. The MPI licence allows Tazapay to extend its full suite of services, spanning account issuance, merchant acquisition, cross-border and domestic money transfers, and e-money issuance, to its growing client base. Rahul Shinghal, CEO of Tazapay, shares his excitement, "Receiving this licence from MAS is a remarkable milestone in our journey. It not only signifies our commitment to delivering the highest standards of regulatory compliance but also paves the way for us to provide even more innovative and mission-critical cross-border payment solutions. As a Singapore-born and headquartered company, we view this achievement with immense pride and gratitude." Even amidst a challenging tech winter, Tazapay continues to demonstrate resilience and an unwavering commitment to growth. The MPI licence acts as a catalyst for a host of forthcoming initiatives dedicated to augmenting the quality, security and user-friendliness of Tazapay's services. Coupled with the successful closing of our series A funding of USD 16.9 Million, Tazapay is better positioned than ever to transform the way cross-border e-commerce merchants operate especially in sectors such as travel, education technology, fashion & apparel, gifting and gaming. With this milestone, Tazapay is ready to redefine cross-border transactions, offering a seamless and secure payment experience to businesses in the vibrant e-commerce space. The journey continues, and Tazapay remains dedicated to its mission of making global payments as smooth and frictionless as possible. About Tazapay Tazapay is a Singapore-based fintech company, designed to redefine the cross-border payment experience. Since its inception in 2021 by industry veterans, Tazapay has raised a successful $16.9 million Series A funding round, with significant investment from prestigious institutions such as Sequoia and the PayPal Alumni Fund. The platform allows businesses to transact with ease in 173+ countries, offering an array of card and local payment options. Its unified interface simplifies the onboarding process, allowing businesses to partner with just one entity, thereby streamlining their payment process. Tazapay continues to drive global business growth by offering a trusted and accessible platform for cross-border e-commerce transactions.

Read More

POS Retail

Stax Payments Adds PayPal Payment Offerings to Expand Customer Choice

Businesswire | July 12, 2023

Stax Payments, the all-in-one payments provider, is working with PayPal to offer a comprehensive solution for accepting payments online for its customers. Eligible Stax Payments customers can now accept payments with PayPal, Venmo and PayPal Pay Later options. Beyond new payment options, the collaboration with PayPal offers Stax customers near instant access to funds, fraud detection, Seller Protection on eligible transactions and the built-in compliance standards PayPal is known for. PayPal’s more than 430 million global active accounts will now easily be able to make purchases with those merchants. The collaboration between Stax and PayPal reflects a shared vision to deliver seamless experiences that help merchants grow their businesses and sell more. By being able to accept PayPal, Venmo and PayPal Pay Later options, Stax customers will reap countless benefits, including: • Improve the customer experience by catering to their needs, offering some of the most popular payment options and letting customers pay the way they want. • Drive more sales through offering a seamless payments experience to make purchasing easier, as well as letting customers select a buy now, pay later offer that works best for them through PayPal Pay Later solutions. • Implement fast checkout by letting customers easily make purchases with the click of a button, creating as little friction as possible in the checkout process. “Customers have more ways to pay than ever, and merchants need to be able to accept a wide variety of payment options to keep up with demand,” said Chris Staymates, chief technology officer at Stax. “Collaborating with PayPal, we’re able to give our customers the opportunity to create a smoother shopping experience for their buyers, improving customer retention and ultimately increasing their bottom line. At Stax, we pride ourselves on keeping pace with the rapidly-evolving fintech industry, and this collaboration helps us do just that.” Together, Stax and PayPal are providing a solution that gives merchants the foundation for ongoing business success. About Stax Stax is one of America's fastest-growing fintech companies, recognized by U.S. News and World Report, Inc., and Fortune for its radically simple payment technology. Stax Payments empowers more than 22,000 small businesses, large businesses, and software platforms through the industry's only all-in-one payments. Stax's platform provides businesses and SaaS platforms the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions. With access to everything they need to transact seamlessly, the one-stop tool allows companies to move faster, think smarter, and make better business decisions through the power of payments. Stax has powered more than $10 billion in transactions and expanded globally to international markets outside the U.S.

Read More

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Square for Restaurants mobile POS: Faster order entry and checkout – better for your business.

Your point of sale should help you turn more tables, even if you’re short on staff. Square for Restaurants mobile POS is built to help speed up the next round of drinks so your servers can spend more time on table touches — and less time running back and forth to a countertop POS.

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