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B2B eCommerce

Why Amazon Business Targets B2B eCommerce’s 'Tail Spend'

When Amazon realized that businesses were already shopping on their site, there was just one thing to do, the head of commercial customers for Amazon Business Martin Rohde told PYMNTS: Build a specialized eCommerce platform just for B2B buyers. That platform, Amazon Business, has more than 1M business customers and 85,000 suppliers — all of whom, Rohde says, address the 20 percent of the business purchasing spend that isn’t predictable, nor related to the core operations of the business.

Credit Decisioning

Mapping The Black Box: A Look Inside Machine Learning’s Powers And Quirks

The credit crisis isn’t over; it has simply morphed into a financial inclusion crisis, with the bottom 10 percent being left behind by lenders. Douglas Merrill, founder of ZestFinance, told a PYMNTS.com live audience that machine learning can help solve this problem, but FIs must first understand the mechanics model they are using to avoid doing more harm than good.

Startup CheckIn

Startup Roundup: New Innovations In Bloom

DadeSystems is streamlining B2B workflows while Tipalti upgraded its PO suite. FitPay’s new eVault secures payment and ID cards. Kasisto says banks should license AI from FinTechs, while Jewel Paymentech’s new API is catching counterfeit goods in real time. That’s only the half of it — not even. We’ve got the latest from the most promising startups in payments and financial services.

Socure’s New CEO On Digital Identity’s Future

The recent past of digital identity won’t much resemble its future, Tom Thimot, Socure’s newly appointed CEO, told Karen Webster. It’s a past that he knows well, having taken his first bite of the secure identity apple with Socure’s founder, Sunil Madhu, in the early 2000s. That venture was acquired by CA Technologies — and a lot has happened in the 14 years since. Thimot offers his take on identity’s evolution — and Socure’s place in the digital identity ecosystem that he says Socure has helped to shape.

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