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Capital One’s B2B Payment Firm, Amazon Prime Day Expands and FedEx’s Ecommerce Growth | Amla Commerce

Capital One to Buy B2B Payments Firm

Banking and credit card giant Capital One is set to purchase BlueTarp Financial, a B2B financing services provider used in ecommerce. BlueTarp offers products and services designed to enable online B2B buyers to apply for financing during the purchase process on a seller’s website with expedite approvals. This purchase is in-line with other big finance companies such as Visa and Mastercard moving into the online B2B payment services world as a way to expand business. “We are looking forward to integrating BlueTarp and its innovative technology and services into Capital One’s card partnerships business, enhancing our service capabilities for existing and future partners,” says  Buck Stinson, senior vice president of card partnerships at Capital One.

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Amazon Prime Day Now Two Days, eBay to Compete

Amazon has announced when its mega-popular sale event Prime Day will take place, and this year is the biggest one yet. Prime Day will begin at midnight on July 17, and will run for 48 hours. Prime Day, which offers steep discounts for Amazon Prime members in 18 countries, was the second-biggest sales day for Amazon last year after Cyber Monday, and has extended its length each year. Other online retailers are intelligently playing off Prime Day’s momentum, including eBay. If Amazon crashes during Prime Day, eBay will hold a “crash sale,” riffing off of when Amazon went down last year during the event. EBay’s crash sale will offer steep discounts on a range of products similar to Prime Day’s offering, including electronics, apparel, and sporting goods.

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Sorry, too busy browsing Amazon.

Ecommerce Growth Boosts FedEx Revenue

Despite continuing international trade tensions, FedEx is finding success through ecommerce. In a statement issued this week, the courier service reported a 2.2% rise in revenue per package in ground-deliveries for their fiscal quarter ending May 31, in addition to volume growth accelerating to 8.8%. Attributing to this growth is FedEx’s goal to become the low-cost provider of ecommerce deliveries by pairing jobs and partnering with companies. For example, FedEx has recently partnered with Dollar General to offer convenient access to FedEx pickup and drop-off sites at thousands of Dollar General stores across the country.

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We are waiting for the announcement of a merger between Kinko’s and Dollar General.

In the headlines

  • Honed Improvement: Lowe’s new technology hub in North Carolina will create over 2,000 jobs.
  • Is this a meme? Partnering with the micropayment tool Coil, meme site Imgur will begin to pay content creators.
  • Yes to the Dress: Wedding dress customizer Anomalie raises $13 million while competitors crumble.
  • X-Factor: Online marketplace for reselling sneakers StockX is now worth $1 billion.

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