The Globe and Mail reports in its Saturday edition that TD Bank has launched an e-commerce platform for small businesses to sell their wares on-line in a bid to compete with on-line giant Shopify. The Globe's Chris Hannay writes that the new product is a first for a Canadian bank and is being done in partnership with BigCommerce, a Nasdaq-listed software company based in Austin, Tex. TD's entry into e-commerce builds on the bank's long-time payment processing services, but is also a step in the blurring line between traditional and digital financial service providers. For example, tech companies such as Shopify, Square and Lightspeed have collectively lent billions of dollars to merchants and are increasing the financial services they provide. All these companies -- whether financial institutions or digital providers -- are hoping that becoming a one-stop shop will help them win and retain their merchant customers. TD's Alec Morley said the bank had to build on its point-of-sale (POS) products to remain relevant for businesses. "We were stuck in the old, physical, POS world," Mr. Morley said. "And we needed to start investing and get to a place where we're really wholly functional for our small-business owners."