eBay 
PYMNTS
AUGUST 21, 2017
That’s where Reid Hoffman hatched the idea for LinkedIn in 2003 after inviting hundreds of his friends to create online profiles to get his idea for a professional online networking site off the ground. For much of its first decade, eBay was on a roll. million from Benchmark Capital and changed its name to eBay.
PYMNTS
MARCH 12, 2018
When Amazon launched its Prime service in 2005, its visionary chief executive had big plans to shake up eCommerce retail. Amazon Prime takes the effort out of ordering: no minimum purchase and no consolidating orders,” Jeff Bezos, CEO of Amazon, said in a letter posted on the company’s website in 2005. While more than half of U.S.
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PYMNTS
JUNE 3, 2019
It’s a world in which new retail models and new places to shop have emerged to satisfy that need, blending the online and offline worlds in ways that benefit the digital and marginalize the physical – at least as it operates today. And stores with a physical presence that “went online” carried different inventory – and not much of it.
PYMNTS
APRIL 29, 2019
And it’s why plastic cards still rule at the physical point of sale, even though there are more contactless POS terminals than ever before. Plastic cards and the card rails are reliable and certain, at the physical store as well as online. Then, buying and selling online was a sea of uncertainty.
Fintech Labs Insights
APRIL 12, 2024
Long before fintech was a thing (1995), I launched the first, and by most measures the biggest, newsletter during the first two decades of online/digital banking. It was called Online Banking Report and was read by a sizable portion of major industry players. And each January, we ranked all previous recipients into a master list.
PYMNTS
JULY 11, 2016
In 2003, the Bureau of Labor Statistics reported that American consumers spent roughly 48 minutes a day shopping offline and online. In 2003, the majority of the online shopping was done at the desktop at the office when the boss wasn’t looking, and that experience included laboriously typing in card credentials at every site.
PYMNTS
JANUARY 7, 2019
And, yes, this likely sounds blasphemous from someone who’s been beating the mobile payments drum since 2005, well before the iPhone and the App Store changed how consumers, retailers and payments players all use mobile devices. Paying for things will happen online for pickup in the store later. I’m glad I got your attention.
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