News Summary

Commerce Inc. has announced the launch of Commerce360, a new merchant velocity platform developed in collaboration with GoDaddy and Worldpay. This platform aims to provide a comprehensive business management solution for merchants, offering features such as omnichannel payment processing, inventory and staff management, marketing and e-commerce support, and ERP corridor integration. As part of the launch, Commerce is investing $5 million to deliver free POS and smart terminals to 10,000 businesses across the U.S., Puerto Rico, and Guam. Commerce360 is designed to enable small businesses to grow and scale with tools typically used by larger enterprises, helping them compete by providing real-time insights and superior customer service. The initiative seeks to alleviate the burden of inflated interchange fees and empower merchants by offering a Zero Percent Over Interchange & Assessments Rate Offer to enterprise and B2B businesses.