05 March 2014 Ulmart, Russia’s online equivalent to Amazon, reportedly has succeeded by doing what Amazon does not. “In this market,” Ulmart’s chairman, Dmitry Kostygin, told Businessweek, “Amazon has no chance.” The an online retailer reported $1.2 billion in sales last year. Instead of wooing customers...
06 March 2014 Cross-border payment solutions provider Payoneer Inc. says it has completed a Series D financing round of $25 million. “This new funding will help us expand our position as the leading provider of payment solutions that connect marketplaces, ecommerce platforms, technology companies, professionals...
06 March 2014 PayPal is urging Australian retailers to make a concerted effort to make better use of available customer data. Noting the ever-changing nature of the retail ecosystem, Simon Banks, PayPal Australia director of enterprise, recommends that using information sets that analytics creates can...
07 March 2014 MeaWallet, a Norway-based white-label solution for mobile payments, reportedly is partnering with industry leaders to provide a platform to support most mobile payments options. The platform will work on “all types of smart devices and secure elements,” reportsNFC World. “The whole idea...
MasterCard, Visa and PayPal all reportedly voluntarily have agreed to block payments to non-UK-licensed gambling operators in anticipation of proposed changes to a UK gambling bill that would set an online gambling tax. Reports indicate that the proposed Gaming Duty rate of 15% would lead...
07 March 2014 Researchers at South Korea’s KAIST university have unveiled the newest innovation in wearable devices: K-Glass, which is similar to Google Glass. K-Glass comes with a special chip that expands the pool of objects the device can properly recognize without relying on barcodes or...
When MasterCard last month announced a partnership with Points International that would help issuers increase the value of their loyalty initiatives, the goal was to take advantage of the popularity of travel and related experiences. But for Points International, the deal will provide access to...
Looming store closures by Macy’s, J.C. Penney and Sear Roebuck and Co. represent a grim example of the general tenuousness of consumer spending. Tick up a few notches in socioeconomic standing, however, things appear a bit brighter. Roughly 10 million shoppers enter the luxury market...
International and multichannel payment solutions provider Adyen has appointed Kamran Zaki as president, Adyen North America. The company plans to relocate its North American headquarters from Boston to San Francisco. Zaki joins Adyen from Netflix, where he served as the head of global payments for...
