International

Google Launches Southeast Asia Local Currency Support For App Store
March 11, 2014

Android users in Malaysia, Thailand, Indonesia and the Philippines can now pay for Google Play apps in their native currency. The search engine giant launched payment support in those countries for Android app buyers, The Next Web reported on Feb. 7. Developers in those countries...

Alibaba Readies U.S. eCommerce Site
March 11, 2014

The Alibaba Group announced on Tuesday that it will be launching a new U.S.-based eCommerce site. 11 Main is billed as online store including products from a variety of merchants and sellers, Reuters reported on Feb. 11. The site is not yet live. “Alibaba is...

Europe
Mobile Now Accounts For A Third Of UK’s Online Sales
March 11, 2014

04 March 2014 Approximately one-third of online sales in the United Kingdom originated from mobile devices, meaning mobile now accounts for a fast-growing share of the UK’s online sales. In the fourth quarter of 2013, more than 35 percent of all retail sales originated from...

Hacker Steals Mt. Gox Source Code, Customer Data
March 10, 2014

04 March 2014 The source code for Mt. Gox, the troubled virtual-currency exchange, has been leaked online by an anonymous hacker. Additionally, the person also disclosed to TechCrunch that he or she stole 20GB worth of customer information, including allegedly passport and other personal identification data. The...

ComScore: Italian Use Of Retail Apps Soars Nearly 75%
March 10, 2014

04 MArch 201a Use of retail apps and websites in Italy jumped sharply last year, according to comScore’s latest Mobile Advisor Study. Traffic to online retail platforms from mobile devices soared 74.8 percent, comScore announced March 3. Retail traffic accounted for 23.8 percent of all...

Home Depot Aims For eCommerce Strength With New U.S. Retail Chief
March 10, 2014

04 March 2014  Home Depot has appointed a new U.S. retail president in a bid to expand and enhance the company’s Web profile. Craig Menear, who previously served as Home Depot’s Southwest division manager, first joined the company in 1997. His last position was head...

Financial Inclusion
MasterCard Expands Acceptance Areas In Africa
March 10, 2014

04 March 2014 MasterCard has announced that it has expanded to seven new markets in Africa. The development raises the number of African markets that accept MasterCard to 48, the company said in a March 4 press release. MasterCard products and services are now accepted in...

Citi Entangled In Money-Laundering, Fraud Probes
March 10, 2014

04 March 2014 One of Citigroup’s banking affiliates, Banamex USA, is being hit by twin inquires related to fraud and money-laundering regulation compliance. Banamex, which provides banking services to communities in the United States and Mexico, recently revealed in SEC filings that it had been...

SecureBuy Creates A ‘Frictionless’ Payment-Fraud Solution
March 10, 2014

05 March 2014 Global payment fraud-prevention and security technology company SecureBuy on March 4 announced the creation of a frictionless payment-fraud solution for mobile and online card-not-present payment processing. FICO, a predictive analytics and decision-management company, is powering the technology, according to the companies’ announcement. This...