News

eCommerce
Microsoft Vets Launch Rwanda eCommerce Startup
December 23, 2016

Two former Microsoft employees, Joanna Bichsel and Amanda Arch, have recently launched a women’s health care eCcommerce startup in Rwanda called Kasha. The company’s online platform sells pharmacy items, along with contraceptives, tampons and other personal care items. Get the Full Story Complete the form...

International
Alibaba Back On US ‘Notorious Market’ List
December 23, 2016

Alibaba has once again been labeled as one of the largest destinations for counterfeit products by the U.S. Office of the Trade Representative (USTR). Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Holiday Shopping Stats, Starting With $1T For US Spending
December 23, 2016

This year, holiday spending is expected to tip the scales at more than $1 trillion — yes, with a T. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....

Security & Fraud
Lucrative Ad Fraud Brings In Millions Daily For Hackers
December 23, 2016

Methbot, an ad fraud infrastructure that can host legitimate videos and serve them to 300 million fake viewers per day, has raked in around $180 million in the past few months, with each view earning the bad guys $13, according to Intel’s IT Peer Network....

Security & Fraud
Fake Michael Kors Site Has Highest Volume For Non-Malware Attacks
December 23, 2016

Tricking someone into clicking on a fake website and turning over their personal data has been a favorite scam of hackers, and it doesn’t seem to be abating, with security firm Cyren reporting a fake Michael Kors shopping website coming in as the highest volume...

Retail
UK Shoppers Browse On Mobile But Buy On Desktops
December 23, 2016

U.K. consumers are using their smartphones in record numbers to check out products online, but when it comes to making actual purchases, they favor desktops over mobile phones. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

B2B Payments
SMB Loans, Keeping On Truckin’
December 23, 2016

Bizfi has linked with InterNex Capital to provide short-term, working capital-focused loans for manufacturing and trucking firms. Bizfi Founder Stephen Sheinbaum and InterNex Business Development Director Matthew Gillman discussed the focus on liquidity for these firms.

Retail
Eight In Ten Americans Shop Online
December 23, 2016

Online shopping is no longer reserved for the tech-savvy, with a new Pew Research Center survey finding eight in 10 American adults shop online. According to Pew, 79 percent made online purchases of any type, while 51 percent used a mobile phone to make a...

Bitcoin
Bitcoin In Circulation Reached More Than $14 Billion
December 23, 2016

Bitcoin is ending the year on a good note, with the total value of bitcoin in circulation reaching more than $14 billion on Thursday (Dec. 22), setting an all-time high for the alternative digital currency. Get the Full Story Complete the form to unlock this...