eBay Classifieds Attracts Interest From Axel Springer

eBay | May 25, 2020

A new suitor has emerged for eBay Inc.’s classified advertising business, the Financial Times reported. Axel Springer, the German-based digital publishing house that is backed by KKR & Co., a global investment firm with offices in New York, has submitted an initial bid for the eBay division. Prior to COVID-19, it was expected that a deal for the classifieds unit could be worth up to $10 billion. eBay could decide as soon as next week who reaches the next round, the sources said. The San Jose, California-based company reported revenues of $2.4 billion in the first quarter of 2020, down 2 percent from the same period one year ago. eBay shares rose by 2.3 percent at the close on Friday (May 22), according to Yahoo! Finance. Analysts say that if the deal is signed, it could be among the largest transactions of the year in Europe between private equity firms.

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Wondering what POS software does? Our Retail Management Expert, Cara Wood gives you a brief overview.For help finding a POS solution, search our directory: http://www.capterra.com/point-of-sale.Have other questions about point of sale software or eCommerce? Check out Cara's Retail Management Tech Blog: http://blog.capterra.com/articles/ret


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POS HARDWARE

GreenBox POS Enters Partnership with Cross River, Paving the Way Toward Full Banking as a Service Initiative

GreenBox POS | February 17, 2022

GreenBox POS (NASDAQ: GBOX) ("GreenBox" or the "Company"), an emerging and rapidly growing FinTech company announced today that it has entered into a licensing partnership with Cross River, a respected technology driven infrastructure provider that offers embedded financial solutions. Cross River, known for merging the innovative capabilities of a state-of-the-art technology company with the traditional expertise of an established bank, currently powers scores of leading FinTech companies across the United States. GreenBox’s partnership with Cross River will bring to fruition the launch of their first banking-as-a-service initiative and ushers GreenBox into the arena with the likes of well-known, major financial technology-driven brands. Cross River’s infrastructure and access to the payment rails will enable GreenBox to open custodial, reserve, and operating accounts for their customers, who can manage their accounts with a full suite of tools, all powered by Cross River. This offers numerous distinct advantages that create a vast array of new channels to add customers, any of which may well lead to robust revenue growth. By combining existing technology with Cross River’s infrastructure, GreenBox will provide additional services to existing clients on one seamless platform while also offering a full suite of services to a completely new and vast customer pool such as strategic partners, enterprises looking for a white label solution, and, of course, current customer’s customers who presently only utilize GreenBox for payment processing on the blockchain. The Cross River partnership single-handedly closes the gap toward GreenBox becoming a vertically integrated end-to-end financial technology solution. The initial phase serves as the foundation for a banking as a service solution which will offer customers the benefit of a superior experience via a centralized hub all under one user-friendly platform. This comprehensive offering, set to roll out in multiple phases, delivers the exceptional advantage of efficient, secure, rapidly settled financial transactions across a wide variety of capabilities. By leveraging all these features, GreenBox can further its Banking as a Service platform resulting in businesses minimizing their dependence on using multiple financial platforms to garner the same services, with a streamlined process and best-in-class user experience that enables businesses to focus on building growth. “This was an important and necessary first step towards the launch of banking as a service which we believe will be a game changer for GreenBox as it will radically expand our capabilities and the vast universe of potential customers, with a customer-inspired, technology driven and combined offering, Not only will we eventually be able offer all our existing merchant clients cutting edge banking services, but we can also open these solutions to strategic partnership, and enterprises seeking white label solutions. We expect this to be a significant driver of revenue growth.” -Fredi Nisan, Chief Executive Officer of GreenBox POS. “Joining forces with GreenBox highlights Cross River’s ability to do what we do best: empower innovative and responsible fintech companies to provide their customers with access to transparent, secure and reliable financial solutions, We’re elated to be leading the way with GreenBox in advancing the digital finance landscape into a hassle-free, all-inclusive and technology centered experience, for businesses and consumers, alike.” -Adam Goller, EVP, Head of Fintech Banking at Cross River. About GreenBox POS GreenBox POS (NASDAQ: GBOX) is an emerging financial technology company leveraging proprietary blockchain security and token technology to build customized payment solutions. The Company's applications enable an end-to-end suite of turnkey financial products, fraud detection and improving the efficiency of handling large-scale commercial processing volumes for its merchant clients. About Cross River Cross River provides technology infrastructure powering the future of financial services. Leveraging a proprietary real-time banking core, Cross River delivers innovative and scalable embedded payments, cards, lending, and crypto solutions to millions of consumers and businesses. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Together with its partners, Cross River is reshaping global finance and financial inclusion. Member FDIC.

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POS SOLUTIONS

ESW to Acquire Complementary Ecommerce Platform Scalefast

ESW | May 10, 2022

ESW, the world’s leading global direct-to-consumer (DTC) ecommerce company, announced today that it has agreed to acquire Scalefast, a Los Angeles–based, end-to-end ecommerce solution provider. Subject to customary approvals, the transaction is expected to close by mid-year 2022. The company also announced that Scalefast founders, CEO Nicolas Stehle, CTO Frédéric Bocquet, and CMO Olivier Schott, will join the ESW senior leadership team. The acquisition will further extend ESW’s market strength across apparel, beauty, personal care and luxury brands to include entertainment, gaming and electronics. Scalefast’s industry leading data analytics and speed-to-market will also facilitate turnkey localized stores, digital ‘pop up’ stores and highly targeted DTC brand campaigns, which will all strongly complement ESW’s unrivalled cross-border DTC solutions and market-leading end-to-end customer experience. Provision of complementary solutions across both technology platforms is expected to drive accelerated growth in revenue and in product innovation across the group’s integrated client base. With a combined workforce of more than 1,000 team members, alignment between ESW and Scalefast positions the business for accelerated growth building upon the best aspects of both cultures. The combined company will continue to transform online shopping experiences for leading brands serving customers in over 200 markets. “ESW’s acquisition of Scalefast demonstrates our commitment and ambition to accelerate growth for our customers by empowering them to be at the forefront of rapidly evolving consumer requirements around the world, Scalefast’s technology offering is highly complementary and will enable ESW to unleash new capabilities and deliver even faster direct-to-consumer ecommerce growth for new and existing clients.” -Tommy Kelly, Founder & CEO, ESW. “Scalefast’s services are highly synergistic with ESW’s from a revenue generation perspective, We are excited by this opportunity to join in a bold vision for the future of DTC ecommerce. Scalefast and ESW’s blended knowledge, expertise, and technology will provide distinct competitive advantages as a fully integrated technology-driven commerce service provider.” -Nicolas Stehle, CEO, Scalefast. As global ecommerce continues to accelerate, brands are seeking more specialized and localized services for differentiation and to remain competitive. Scalefast builds ecommerce stores faster than any of its competitors, leveraging its feature-rich, in-house developed platform, retail infrastructure and applying proprietary data and behavioral analytics to deliver pre-built DTC ecommerce features and capabilities brands need to succeed. ESW, in turn, will provide Scalefast’s clients with ESW’s checkout, payment gateway, and logistics offerings which include hub or hubless options, omni-channel solutions such as ship from store, and an ecosystem of global logistics partners that move hundreds of millions of packages each year on behalf of its clients. About ESW ESW is the global direct-to-consumer (DTC) ecommerce leader, empowering the world’s best-loved brands and retailers to make global shopping better, safer, simpler and faster, end-to-end. From compliance, data security, fraud protection, taxes and tariffs to demand generation, checkout, delivery, returns and customer service, our powerful combination of technology and human ingenuity covers the entire shopper journey across 200 markets, with 100% carbon neutral shipping to consumers. Headquartered in Dublin, Ireland, ESW has global offices in the US, UK, France, Italy, Hong Kong and Singapore. ESW is an Asendia Group company, a joint venture between La Poste and Swiss Post. About Scalefast Scalefast is a privately-owned, VC-backed US scale-up of 350+ employees specialized in providing global ecommerce-as-a-service solutions to brands. Investors include Benhamou Global Ventures, Crédit Mutuel Equity and Adara Ventures. Established in five countries, including the US, Spain, France, Switzerland, and Japan, Scalefast serves consumers in more than 200 countries and territories. Scalefast acts as a merchant & seller of record for its clients and provides its own multi-tenant Enterprise Commerce Cloud and CX analytics solution, as well as the expert teams to help brands build, operate, maintain & optimize their ecommerce. Enterprise companies looking for high growth partner with Scalefast to accelerate global distribution, market penetration, user experience, and profitability.

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POS RETAIL

Lightspeed Brings Flagship Hospitality POS and Commerce Platform to 2022 NRA Show

Lightspeed Commerce Inc. | May 13, 2022

Lightspeed Commerce Inc. (TSX: LSPD) (NYSE: LSPD), the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences, will be showcasing their new Lightspeed Restaurant flagship POS and commerce platform at the 2022 National Restaurant Association show in Chicago May 21-24. "After the unprecedented challenges the industry has faced over the past two years, Lightspeed is thrilled to return to McCormick Place to spend time with our customers and partners with a brand new commerce platform, We're ready to wow the industry with what Lightspeed Restaurant can do." -Hospitality GM Peter Dougherty. Lightspeed Restaurant brings the power of thoughtful integrations and cloud technology to the hospitality industry, with fully integrated inventory, payments, analytics, and online ordering, as well as simplified workflows and interfaces in the POS and back-office software so your technology never slows you down. Lightspeed will have its comprehensive hospitality commerce solutions on display in the Tech Pavilion at Booth #6265, with industry experts doing live demos of features that help streamline operations and run smarter restaurants, like Order Anywhere, Automated Inventory, Lightspeed Payments, and more. Hospitality GM Peter Dougherty will also be on the NRA show mainstage with Terrace Bay Hotel owner Jarred Drown and food and beverage/front-of-house director Sam Barton to discuss the mounting challenges of food and labor costs in today's market and how technology can help manage costs and automate tasks. Lightspeed is offering an exclusive hardware offer to merchants who sign up to partner with Lightspeed at the NRA show. To register for the NRA show, click here. Lightspeed Restaurant is leveraged by Five Guys, Daniel, Kei, Canlis, and Alinea, and is now available in the United States, Canada, the United Kingdom, France, Belgium, the Netherlands, Switzerland, and Germany. Learn more about Lightspeed Restaurant on our website and see the new Lightspeed Restaurant in action here. About Lightspeed Powering the businesses that are the backbone of the global economy, Lightspeed's one-stop commerce platform helps merchants innovate to simplify, scale and provide exceptional customer experiences. Our cloud commerce solution transforms and unifies online and physical operations, multichannel sales, expansion to new locations, global payments, financial solutions and connection to supplier networks. Founded in Montréal, Canada in 2005, Lightspeed is dual-listed on the New York Stock Exchange (NYSE: LSPD) and Toronto Stock Exchange (TSX: LSPD). With teams across North America, Europe and Asia Pacific, the company serves retail, hospitality and golf businesses in over 100 countries.

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POS HARDWARE

Purolator Partners With Tulip to Modernize its POS system

Tulip.io Inc. | February 08, 2022

Tulip, a global leader in cloud-based retail mobile solutions, announced its partnership with Purolator, a leading integrated freight, package and logistics provider in Canada. Purolator selected Tulip to help modernize checkout processes and improve the customer experience across their 133 retail locations. "Purolator is investing in innovation and modernization, and we're really excited to be part of that, We're proud to be providing solutions to help them enhance customer experiences and improve store performance." -Tulip's CEO, Ali Asaria. Purolator is one of Canada's leading premium courier providers. With one of the most extensive networks in Canada and regional locations across the U.S., they have continuously raised the bar on supply chain solutions for over 60 years. Purolator chose Tulip's innovative, scalable solutions to increase customer engagement, maximize sales and provide a platform for future growth across their bricks-and-mortar and mobile locations. "Purolator is always working to elevate our customer service through new digital tools and innovative operations solutions, We are excited about leveraging Tulip's in-depth retail expertise in ways that will allow us to enhance our organizational efficiency and offer an industry-leading customer experience." -Laurie Weston, Senior Director of Retail, Purolator. Purolator will be using Tulip's enterprise point of sale (POS) solution, Tulip Checkout, along with its Performance Planning and Intelligent Staff Scheduling solutions. Together, they will enable Purolator to identify and address performance risks, while providing a seamless omnichannel checkout experience. About Tulip Tulip provides a suite of cloud-based solutions that let retailers overcome industry challenges and set a new standard for omnichannel commerce. Partnered with Apple and Salesforce, Tulip equips sophisticated retailers to build connections with customers, fulfill orders, checkout purchases, and optimize operations in order to create the end-to-end experience modern customers expect. Leading retailers like Mulberry, Saks Fifth Avenue, Kendra Scott, Kate Spade, COACH, and Michael Kors use Tulip to elevate the shopping experience, increase sales, and improve customer service across channels.

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Spotlight

Wondering what POS software does? Our Retail Management Expert, Cara Wood gives you a brief overview.For help finding a POS solution, search our directory: http://www.capterra.com/point-of-sale.Have other questions about point of sale software or eCommerce? Check out Cara's Retail Management Tech Blog: http://blog.capterra.com/articles/ret

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