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.
Today 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 moreLetgo Takes On Facebook Marketplace And OfferUp
January 23, 2018
The app letgo, which enables users to buy and sell locally, announced Monday (Jan. 22) that it is getting into the housing market.
In a press release, the startup said that ... Read moreWhy The Next Big Connected Commerce Play Is Television
December 11, 2017
No doubt you’ve heard the news: People aren’t watching television anymore.
That may leave many of you who left for the office this morning having watched a half hour or so ... Read moreOfferUp Is Pushing Trust, But Will Users Buy In Light Of Incidents?
December 8, 2017
OfferUp: the mobile app that connects local buyers and sellers, helping regular people get rid of their extra belongings. It’s also the mobile app that, unfortunately, can lead would-be buyers ... Read more
Passport Names Greg Hammermaster Head Of Payments
April 18, 2019
Passport, the mobility management platform, announced Thursday (April 18) that it has named Greg Hammermaster as head of payments.
In a press release, Passport, which has more than $1 billion in ... Read moreFlywire, TRUE North Integrate To Reach More International Students
April 18, 2019
Flywire, the payment company focused on educational institutions and their students around the world, announced Thursday (April 18) an expanded partnership with TRUE North, the Canadian provider of online systems ... Read moreInternational Train Service Eurostar Adds Google Pay Support
April 17, 2019
High-speed rail service Eurostar is adding Google Pay support to its service in an effort to reduce the usage of paper tickets, according to reports.
With the Google Pay tickets feature, ... Read moreOTT Pay Teams With Canada’s Wonderland; Citcon Raises $5M In Series B Funding
April 17, 2019
Welcome to The Axis, your late look at payments news from around the world. Coverage includes OTT Pay’s tie-up with Canada‘s Wonderland to offer new mobile payment options. Citcon reportedly notched $5 ... Read moreAlibaba Presses The Gas Pedal On Connected Car Apps
April 17, 2019
Even in the glory days of manual transmissions and leaded gasoline, driving was never just about driving, about getting from one point to another. Driving was about freedom, ego, escape ... Read moreWhy Mastercard Bought Vyze
April 17, 2019
Second thoughts — sure, wise elders recommend them, but they represent defeat for retailers. Hesitation and deeper consideration can lead to fewer products in baskets, abandoned carts and lost sales ... Read moreBilltrust Collections Solution Aims To Crack Late Payments Problem
April 16, 2019
Collections will never be the most beloved part of a business’ payment lifecycle – because in an ideal world, they wouldn’t exist, and buyers would pay suppliers on time in ... Read moreDigital Payments Help Rebuild Notre Dame Cathedral
April 16, 2019
After much of Chicago burned to the ground in 1871, rebuilding the city involved various fundraising and restorative strategies. One famous effort took the form of donated books sent from ... Read moreWirecard, O2 Czech Republic Expand Partnership To Go After Slovakia
April 16, 2019
Wirecard, the digital financial technology company, announced Tuesday (April 16) it is expanding its partnership with O2 Czech Republic, the largest telecommunications player in the Czech market.
In a press release, ... Read moreHow Mobile Wallets Tap Into Consumer Security At The Pump And C-Stores
April 16, 2019
From fuel pumps to convenience stores (C-stores), many consumers worry about the security of their personal financial information. An ACI Worldwide and YouGov survey, for instance, found that more than ... Read more
Will Telling A Story Drive Foot Traffic To Macy’s?
April 18, 2019
2019 got off to a bumpy start for Macy’s, as holiday sales slumped when they were expected to soar.
“The holiday season began strong – particularly during Black Friday and the ... Read moreThe Latest Advances In Payments And Fraud Prevention
April 18, 2019
Point-of-sale financing just got a big boost via an acquisition that could lead to more payment synergies down the road. Meanwhile, the new world envisioned by the backers of PSD2 is ... Read moreHow 5G Could Be Rocket Fuel To Retail
April 17, 2019
The race to 5G retail is on.
The new, faster mobile network technology is a big part of the plans for many commerce and payments operators, even though specific use cases ... Read moreCambodia, Singapore In X-Border FinTech Pact
April 16, 2019
The central banks of Singapore and Cambodia have struck a pact to work together on FinTech development. Elsewhere, the Federal Reserve may take a closer look at community bank and ... Read moreWhat’s Your Commerce Horoscope?
April 13, 2019
There are many mechanisms in the market designed to help match consumers to offerings that are suited to them. Better algorithms, visual search tools and concierge services are just a ... Read moreMoving Startups Think Outside The (Cardboard) Box
April 12, 2019
Some entrepreneurs are inspired to create businesses stemming from their jobs. Wesley Rankin founded HiveBoxx, which rents out durable plastic boxes, based on his own experience at work. As a ... Read morePayments Execs On 2019’s Payments Innovation Watershed
April 12, 2019
One decade draws to a close, the next one looms. Only a few months into 2019, the year is already shaping up to offer a bit of a watershed in ... Read moreForging FinTech-FI Partnerships With mPOS?
April 12, 2019
It’s not exactly Bogie and Bacall, or Kim and Kanye — at least not yet.
But FinTechs and financial institutions are increasingly crafting partnerships designed to help them both thrive in this ... Read moreCanvas Technology Acquired By Amazon
April 11, 2019
Amid its endeavors in robotic technology, Amazon has reportedly bought Canvas Technology. The Colorado-based startup, which was started in 2015, has offered such devices as a fully autonomous cart system, ... Read moreStory At Macy’s Showcases Rotating Product Lineup
April 11, 2019
Macy’s has launched a new themed shop that will change themes, looks and product offerings every six to eight weeks.
Story At Macy’s debuted 36 of its stores on Wednesday (April 10), with ... Read more
Market Love For ‘A Tech Firm Delivering Pizzas’
April 18, 2019
Domino’s got a big boost in its share price, care of a big up-vote from Morgan Stanley Analyst John Glass in the form of a raised rating to overweight from ... Read moreWorld Bank, IMF Debut Private Blockchain And ‘Quasi-Cryptocurrency’
April 15, 2019
The International Monetary Fund (IMF) and the World Bank are partnering up to launch a private blockchain and “quasi-cryptocurrency.”
The asset, “Learning Coin,” will be accessible only within the Washington-based multinational ... Read moreSmall Banks Grow Frustrated With Core Providers
April 12, 2019
Small banks that rely on technology providers Fiserv, FIS and Jack Henry & Associates are starting to revolt, arguing the companies are making it more difficult for them to compete ... Read morePayments Execs On 2019’s Payments Innovation Watershed
April 12, 2019 One decade draws to a close, the next one looms. Only a few months into 2019, the year is already shaping up to offer a bit of a watershed in ... Read moreCanvas Technology Acquired By Amazon
April 11, 2019Amid its endeavors in robotic technology, Amazon has reportedly bought Canvas Technology. The Colorado-based startup, which was started in 2015, has offered such devices as a fully autonomous cart system, ... Read moreMeasuring Technology’s Promise Against Its Progress
April 10, 2019
There is no shortage of wonders in payments and commerce, which are advertised as the next big disruption in how consumers transact. Instant payments, voice and visual search, AI/ML digital ... Read moreMorgan Stanley: Apple Healthcare Could Bring In $313B By 2027
April 9, 2019
Morgan Stanley analysts predict healthcare to emerge as a key market for Apple, reports in CNBC said Monday (April 8).
Apple’s offerings in the healthcare space could generate $15 billion in ... Read moreSamsung Galaxy S10 Fingerprint Sensor Tricked By 3D Printer
April 8, 2019
A Samsung Galaxy S10 user was able to show how he could trick the in-display fingerprint sensor using a 3D printer.
According to a report in The Verge, citing a post ... Read moreOn National Burrito Day, Chipotle Serves Up Signs Of QSR Innovation
April 4, 2019
As far as made-up, non-holiday holidays go, you could probably do worse than National Burrito Day, which takes place on Thursday (April 4). No doubt you’ve been planning for this ... Read moreAmazon Aims To Offer Global Broadband From Space
April 4, 2019
Amazon is gearing up to provide broadband access to the world by relying on satellites orbiting in space.
According to a report in GeekWire citing three sets of filings made to ... Read more