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Major banks shared sensitive bonds information in online chats, CMA finds

TheGuardian

Traders at five banks found to have discussed British government bond trading between 2009 and 2013 The UK’s competition watchdog has provisionally found that five major banks broke competition law by unlawfully exchanging sensitive information about British government bond trading in online chatrooms. Continue reading.

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Why JPMorgan Wants A Piece Of The SMB POS Market

PYMNTS

Those latter two firms have been in the in-store POS market for quite some time (Square, for example, since 2009). percent/30 cents per chip/swiped transaction, and higher for online payments. Morgan seems to be banking on speed as a selling point to gain traction with smaller firms. percent/10 cents and 2.9

Marketing 306
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Keeping Online Counterfeits Off Luxury Marketplaces

PYMNTS

Sales of counterfeit goods, particularly on third-party sites that facilitate transactions between individual buyers and sellers, have skyrocketed with the advent of online shopping. Online Luxury and the Importance of Authentication. Millennials and Gen Z are driving the growth of the secondhand market and eCommerce, generally.

Online 118
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Reseller Market Maintains Momentum With Nordstrom’s Entry

PYMNTS

While “reselling” or “secondary market” are more likely to keep ownership of this burgeoning market, the reselling market is reinventing itself for 2020. Nordstrom has not yet launched its online intake program where customers will have the ability to mail in merchandise. We like the handle.

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Harland Clarke Buys Online Coupon Site RetailMeNot For $630 Million

PYMNTS

Harland Clarke, a payment and marketing services firm, has acquired RetailMeNot for $630 million in equity. per share in cash for the online coupon site, about 50 percent higher than the stock’s closing price of $7.75 According to TechCrunch , Harland Clarke will pay $11.60 in early April. The deal is expected to close this quarter.

Online 100
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Reading Retail’s Tea Leaves Via Retail’s Resale Market

PYMNTS

Although the business of liquidation and reselling is about to see a lot of such short jumps, what is even more interesting, he noted, is the new shape and direction of the market as a whole setting up in the background. Keeping the System Moving Now.

Marketing 142
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China $1.1T eCommerce Market On Horizon

PYMNTS

While some Asian country economies may be slowing down, the health of the online retail markets across the continent is booming. That same report goes on to detail how these five Asian online economies have already outpaced the combined online retail markets in the U.S. trillion by 2020.

Marketing 100