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IndustryUpdate

Transcard launches AccelUp sis. Michelle Evans, senior head of digital consumer at
Euromonitor, added that technology will continue to be
Payment technology company Transcard launched used to improve operational efficiencies and elevate the
AccelUp, an accelerator program for minority-owned customer experience, positively impacting brand per-
startups in Chattanooga, Tenn. AccelUp will select up ception as a result.
to 10 such startups each year to receive a $15,000 non-
dilutive loan. In addition, AccelUp participants will have Factors fostering trust in online stores
access to Transcard’s resources and assets, including
its office space in downtown Chattanooga. Over time, Modern website design and quality seals (related to
the company will expand AccelUp to include give-back products) can, when combined, improve the number
initiatives in mentorship, business development and of people who find websites trustworthy by 30 per-
networking, Transcard stated, adding that it also plans cent, according to a survey of 1,198 ecommerce shop-
to leverage its professional resources to support entre- pers conducted by Tido, a live-chat platform provider.
preneurs worldwide. Other factors contributing to trust include typo-free
copy; legitimate-looking domains; positive reviews; and
WIT selects 2021 scholarship winners contact information. In addition, 34 percent of Gen Z
respondents believe the majority of online stores are
Women in Technology heralded the 2021 WIT Girls and untrustworthy, but 78 percent of total respondents
WIT Campus scholarship winners at its recent Virtual believe the opposite.
WIT Connect Event. Since its inception, WIT Connect
has gathered more than 900 of Atlanta's top executives to
raise more than $3.5 million to support the development PARTNERSHIPS
of young girls and the advancement of women in science,
technology, engineering, arts and math (STEAM), orga- Checkout.com, BigCommerce team up
nizers stated. At this event, WIT highlighted WIT Girls,
WIT Campus, and WIT Single Mothers along with the Checkout.com, a cloud-based payment solutions pro-
impact that WIT programs have had on their advance- vider, became certified as a BigCommerce Technology
ment in STEAM. The list of 2021 winners and their Partner. BigCommerce’s 60,000 global merchants now
corporate sponsors is available at https://bit.ly/2UHar1o. have access to Checkout.com’s payment platform. The
partnership creates a compelling proposition for global
RESEARCH merchants seeking to leverage BigCommerce’s powerful
ecommerce platform with Checkout.com’s international
payment capabilities, the partners stated. BigCommerce
Airline miles rewards still appealing customers can integrate Checkout.com’s unified plat-
form, offering gateway, processor, risk management
After Americans curbed spending and canceled travel and global acquiring footprint directly through their
plans, conventional wisdom said the market would BigCommerce Control Panel.
dwindle for credit cards that provided travel rewards.
However, according to J.D. Power's 2021 Credit Card Judopay, MedPoint working together
Shopping Study, travel reward cards haven't lost their
luster. The study, which polled Americans who applied Judopay, a mobile-centric, cloud based payments pro-
or considered applying for credit cards in the past 12 vider, partnered with MedPoint, an automated system
months, found that 11 percent of all new credit card for prescription collection and payment. The MedPoint
co-brand acquisitions were travel cards, a rate that system features secure lockers where customers can pick
remained stable with the previous year, researchers up orders 24/7; the system can also be integrated with a
wrote. Regarding card selection, rewards were a key fac- pharmacy chain’s ecommerce app or website. Judopay
tor for 28 percent of those who signed up for travel cards will apply its expertise to help businesses accept safe
versus 16 percent who signed up for non-travel cards. and secure payments, working alongside MedPoint to
promote a solution that can be installed at any phar-
COVID hastened retail product launches macy, from a local independent shop to a national chain,
Judopay stated.
Approximately 58 percent of retail professionals said the
pandemic accelerated new technology-related product Nuvei, Discover Global Network join forces
launches at their company, according to Using Retail Tech
Innovation to Enhance the Customer Experience released Nuvei Corp., a payment technology provider, reported
by global market research company Euromonitor that its wholly owned subsidiary signed an acquiring
International and the National Retail Federation. “While agreement with Discover Global Network, the payment
these developments can typically take several years of brand of Discover. Nuvei said it secured the partnership
meticulous planning, many were unveiled to consum- at a critical time as the shift to ecommerce continues
ers in a matter of weeks.," said Mark Mathews, vice to surge, satisfying the demand for greater connec-
president of research development and industry analy- tions between online merchants and Discover Global

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