An East Coast supermarket chain opened for business on Dec. 8, only to find all of its payment terminals unresponsive — and it wasn’t alone. Last week, several thousand Hypercom payment card terminals at retailers across the country suddenly stopped working because of the expiration...
Mobile payments aren’t quite ready for prime time — at least not in Boston. That’s the conclusion of a Boston Globe writer who tested mobile-payment offerings from several local companies — with limited success. Writer Scott Kirsner did most of his tests using LoopPay CardCase,...
A software glitch on Friday night (Dec. 12) in the U.K. caused “thousands of items” sold by third-party vendors on Amazon to be prices at one penny—and holidays shopped grabbed the bargains. This caused huge problems for many smaller merchants who are paying the ultimate...
Grocery giant Safeway secretly charged online-grocery customers prices that were more than 10 percent higher than its website advertised and will have to refund the money to consumers, a federal judge ruled on Wednesday (Dec. 10). And while the court may not yet know how...
As Alibaba, Amazon and other global ecommerce players ramp up their operations in India, New Delhi-based online marketplace Snapdeal is beefing up by acquiring online gift retailer Wishpicker, India’s Economic Times reported on Thursday (Dec. 11). The deal is the first since SoftBank more than...
Apple started accepting PayPal in its online retail store in both the U.S. and the U.K. on Thursday (Dec. 11). Although the two companies have been exchanging words of not-niceness regarding its rivalry with mobile in-store payment (ApplePay versus in-store PayPal), its online relationship has...
A security hole in Alibaba’s international marketplace AliExpress could have let attackers hijack merchants’ online shops, an Israeli security research company said Wednesday (Dec. 10). Alibaba said it has now fixed the problem, Reuters reported. AppSec Labs researchers said the weakness they found could allow...
Jack Dorsey, the founder of both Twitter and Square, rebels against the Wall Street quarter-to-quarter mindset and plans to keep investing in Square until he sees fit to shift it to profitability. In an interview with the New York Times, Dorsey bridled when asked about...
There are now more indications that mobile purchases are now hitting the “more than 50 percent” tipping point. On Monday (Dec. 8), China mobile payment leader Alipay reported that—for the first time—more than half of its transactions were mobile. On Wednesday (Dec. 10), U.S. pizza...
