pymnts Profile:
OfferUp
Launched in 2011 by Nick Huzar, former co-founder and CTO of Konnects, Inc., and Arean van Veelen, OfferUp is a mobile-driven local marketplace that competes with companies such as eBay, Craigslist and Facebook Marketplace.
How Digital Tools Change The Security Landscape
June 13, 2019
Technologies such as artificial intelligence (AI) and biometrics are changing the digital security landscape, and a recent study found that social media networks have become a more popular way for hackers to ... Read moreWhy Goodwill Is Tapping Into Digital Marketplaces
June 12, 2019
To bring their merchandise in front of millions of shoppers through eCommerce, several Goodwill regions are teaming with mobile marketplace OfferUp. More than 100 Goodwill store locations ranging from New ... Read moreHow The Sharing Economy Is Changing Online Sales
June 10, 2019
The sharing economy has transformed the way consumers get transported from point A to B, how they rent vacation homes, how they get food delivered and, increasingly, how they shop.
The ... Read moreToday In Data: The Most Wonderful Time Of The Year (For Cybercrime)
December 3, 2018
A tidal wave of consumers hit the stores (online and real world) for the kick-off weekend of the holiday shopping season, trying to snap up the deals and savings. But ... Read moreHow OfferUp Works To Safeguard Both Buyers And Sellers
December 3, 2018
Digital marketplaces have become beloved by buyers and sellers — and fraudsters. Nick Huzar, CEO of OfferUp, says most current authentication standards are either too lax — sacrificing security for ... Read moreOfferUp CEO On Making Marketplace Authentication Smarter
November 30, 2018
The world is constantly getting faster. As a result, the speed of commerce and payments is coming closer to real time. This increased focus on speed is creating a wide ... Read moreChairish And UPS Team To Solve Sellers’ Big Shipping Friction
August 2, 2018
Today, the wait — quite literally — could be over.
That is, the wait between that moment when a buyer purchases that mid-century piece of furniture (from one of the fastest-growing consignment ... Read morePlay Ball: Secondhand Sports Gear Has Its Own Marketplace Now
May 4, 2018
Buying secondhand sports gear isn’t as easy as it sounds. Neither is selling the kids’ old hockey skates or baseball bats. It may seem like perfect material for eBay, Craigslist, ... Read moreOffer Up Rolls Out Shipping Option
May 1, 2018
Enabling its sellers to reach buyers beyond their neighborhoods, mobile marketplace offer up is now allowing sellers to offer items to people throughout the U.S. The expansion could allow sellers ... Read moreViyet’s Second Act At Sotheby’s
February 27, 2018
A common problem tends to crop up when it’s time to move: perfectly good furniture and home decor won’t fit a new space.
For the “handcrafted” masterworks built out of Ikea ... Read more
HSBC Taps Tokenization For Accounts Receivable Tool
June 19, 2019
HSBC is rolling out its digital accounts receivable solution for corporates in India after teaming up with Australia-based Identitii, reports in IT Wire said on Tuesday (June 18).
The bank is ... Read moreWholesale Cannabis Marketplace Hits $1B Milestone
June 16, 2019
The legal retail cannabis industry keeps on growing, and further evidence of that reportedly comes from LeafLink.
The eCommerce wholesale marketplace, according to The Motley Fool, said that “$1 billion in ... Read moreAnalyst: Square Cash App Downloads Top Venmo’s
June 13, 2019
A new report shows that Square’s Cash App downloads increased by 2.2 million last month, while Venmo’s were up 1.7 million.
According to a report from Nomura Instinet analyst Dan Dolev, ... Read more5G Isn’t The Only Digital Communication Game In Town
June 13, 2019
The new 5G mobile network technology is getting its first deployments, but that’s not the only communications game in town. A technology that tracks lost scooters people rent could play ... Read morePPRO Acquires LATAM Payments Gateway allpago
June 13, 2019
Cross-border digital payments specialist PPRO has acquired Latin American payments provider allpago, according to a release by the company.
Allpago services 90 percent of the Latin American market, and the acquisition ... Read moreRevolut Expands Beta Version Into Australia
June 13, 2019
Financial technology company Revolut has ventured beyond Europe and into Australia as of Thursday (June 13), according to a report.
However, it won’t have all of its services right away, nor ... Read moreHow Digital Tools Change The Security Landscape
June 13, 2019Technologies such as artificial intelligence (AI) and biometrics are changing the digital security landscape, and a recent study found that social media networks have become a more popular way for hackers to ... Read moreVisa B2B Connect Goes Global
June 13, 2019
Visa B2B Connect, a corporate cross-border payments solution underpinned by DLT, enters 30 markets. Elsewhere, in India, Mastercard and Payswiff are partnering to boost the acceptance of digital payments in Tier ... Read moreDiving Into The ‘Check-Replacement Cycle’
June 13, 2019
As much as 80 percent of firms still rely on paper checks. Only 3 percent of firms meet demands for B2C payments. Fiserv VP of Digital Payments and Data Aggregation Paul ... Read moreMary Meeker Offers Digital Views For 2019 And Beyond
June 12, 2019
Digital payments continue to be fueled by the growth of such areas as ridesharing and wearable technology, as well as the images used by various web platforms to further engage ... Read more
Duffel Funding Round Adds Fuel To Travel Industry Innovation
June 19, 2019
Disruption keeps hitting the travel industry, whether via digital payment or commerce, and the latest example of that comes from a U.K.-based startup called Duffel.
According to a new report, the ... Read moreMink’s New 3D Printer Turns Images Into Makeup
June 18, 2019
Beauty company Mink has designed a 3D printer that will print makeup from any image, according to a release by the company.
The Mink printer is portable, weighing about 2 pounds ... Read moreLloyds Of London Looks At Driverless Car Policies
June 18, 2019
Lloyd’s of London is looking into its auto coverage options to prepare for the impending rise in driverless technology.
Chief Executive Officer John Neal said that the 330-year-old insurance market is ... Read moreWaymo Road-Tests Self-Driving Jaguar
June 17, 2019
After launching a partnership with Jaguar Land Rover, Waymo, the self-driving vehicle unit of Alphabet, has now started testing self-driving Jaguar I-Pace vehicles on public streets.
Back in March, Waymo and Jaguar Land ... Read moreRFID Steps Up As A Retail Innovation Tool
June 14, 2019
Radio-frequency identification (RFID) technology is carrying more weight in retail these days, helping merchants to innovate and win over consumers, and even serving to tie together web, mobile and in-store ... Read moreBringing Speed And Digitization To Payments
June 14, 2019
Few companies meet customer demand for instant business-to-consumer (B2C) payments, while a large share of businesses still rely on paper checks for business-to-business (B2B) payments. In technology, Sweden-based Mapillary has rolled out a platform to crowdsource imagery of ... Read more5G Isn’t The Only Digital Communication Game In Town
June 13, 2019The new 5G mobile network technology is getting its first deployments, but that’s not the only communications game in town. A technology that tracks lost scooters people rent could play ... Read moreUber Presses The Gas On Autonomous Vehicles Via Volvo
June 13, 2019
Drivers of cars and trucks are not a diminishing breed – in fact, there is an ongoing U.S. shortage of drivers to haul freight long distances. But recent news from ... Read moreMapping The Maps For Self-Driving Cars (And Drones)
June 13, 2019
If one doesn’t know where they’re going, sang one Beatle, any road will get them there — but not easily or efficiently. In an age of eCommerce (of two-hour delivery ... Read moreMary Meeker Offers Digital Views For 2019 And Beyond
June 12, 2019Digital payments continue to be fueled by the growth of such areas as ridesharing and wearable technology, as well as the images used by various web platforms to further engage ... Read more
Payroll Startup PayFit Lands $79M
June 18, 2019
Payroll startup PayFit has announced $79 million in new funding, according to reports Monday (June 17).
The France-based company secured the funding from Eurazeo and Bpifrance, which are backing PayFit’s payroll ... Read moreLloyds Of London Looks At Driverless Car Policies
June 18, 2019Lloyd’s of London is looking into its auto coverage options to prepare for the impending rise in driverless technology.
Chief Executive Officer John Neal said that the 330-year-old insurance market is ... Read moreStudy: GPS Fail Would Cost Economy $1B A Day
June 16, 2019
In a study of Global Positioning System (GPS) technology, researchers found that loss of the service would have an impact of $1 billion per day per an approximate estimate. The ... Read moreFlorida Is Latest State To Pass Autonomous Car Law
June 14, 2019
Florida governor Ron DeSantis has signed a bill that allows autonomous cars to operate on the roads without requiring a human being to be behind the wheel, according to reports. ... Read moreMary Meeker Offers Digital Views For 2019 And Beyond
June 12, 2019Digital payments continue to be fueled by the growth of such areas as ridesharing and wearable technology, as well as the images used by various web platforms to further engage ... Read moreHow A Retail Incubator Could Produce The Next Big Innovation
June 12, 2019
The myth of the lone (and possibly mad) scientist died out a long time ago, as the industrial age led to teams of researchers working together (or at healthy cross ... Read moreJRNI Launches Marketplace Of Pre-Built Apps
June 11, 2019
JRNI, formerly BookingBug, announced on Tuesday (June 11) the launch of its Marketplace, which gives customers access to prebuilt apps and scalable integrations from technology partners, system integrators and developers ... Read moreBrexit Uncertainty Hurts London Tech Sector
June 11, 2019
The uncertainty surrounding Brexit is hurting the technology sector in London, warned London Mayor Sadiq Khan.
According to a report in Reuters, citing comments the mayor made on the opening day ... Read moreHuawei Blacklist Could Impact 5G Standards
June 10, 2019
The 5G standards body has warned that a ban on Huawei could have “a dramatic impact” on future standardization, while analysts believe it could lead to a split in the ... Read moreGoogle Spent $21M On Lobbying In 2018
June 9, 2019
Google is spending more than any other U.S. tech company on lobbying as the tech sector faces increased scrutiny and the potential for more regulation.
According to a report in CNBC citing ... Read more