PayPal has discovered yet another flaw in its two-factor authentication system. Actually, it’s more accurate to say that PayPal has had another flaw discovered for them. What a teenager has done is turn PayPal’s two factor authentication into one factor authentication, if the shopper is...
Groupon’s share price tumbled more than 15 percent late Tuesday (Aug. 5), as investors balked at the Chicago firm’s expensive eCommerce investments. Groupon reported a net loss of $22.9 million, which seemed far worse to analysts because, according to an analyst poll by Thomson Reuters,...
Call it the efficiency effect, but shoppers are making an increasingly large number of their purchases outside of physical stores—or at the very least, not making those purchases directly through those stores, such as going into a store to see an item and then purchasing...
Collecting lots of data—even CRM—is useful only to the point that it can be intelligently and meaningfully analyzed. Trying to analyze excessive amounts of data, some of which will be irrelevant and potentially misleading, is unlikely to deliver useful recommendations. LivingSocial is trying to avoid...
Eastern Europe is proudly refining its reputation as the world’s top cyberthief place of business, as a group of Russian thieves was accused Tuesday (Aug. 5) of what is possibly the largest high-tech swindle to date. The take? About 1.2 billion usernames and passwords in addition...
Have you heard? Social commerce is going to change the lives of everyone, everywhere. Want to look at pictures of other people’s cats—buy cat care supplies while doing it. Think that girl from the 10th grade looks fat in that dress? Good news—it will soon...
Customers of Japan’s Rakuten bank now have a new, and very different, option when it comes to transferring money to another person—using Facebook. Transfer by Facebook allows senders to move funds without knowing a customer’s bank, branch, or account number. It is a similar idea...
The Internet is opening up the world to cross-border eCommerce, especially for smaller companies. Yet fragmented regulations and payment systems among various countries where trade tends to be conducted is hampering the full potential for e-trading, a new report suggests. But which countries are doing...
Going out to dinner with a group of friends or colleagues brings with it some hardships, such as calculating and collecting money for a split check without resorting to a spreadsheet and an ATM. And there’s always the much-beloved game of getting the check quickly,...
