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Online Retailers Face New Threats From Hackers

PYMNTS

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. The news comes amid yet another online retail cyberattack, this one targeting Japan’s Fast Retailing, the company that owns the Uniqlo retail chain.

Retail 218
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Alibaba Bets Billions On Online Grocery In China

PYMNTS

In a quest to dominate online food shopping in China, Alibaba invested $3.6 billion for a controlling stake in the hypermarket operator Sun Art Retail Group , Alibaba said in a statement on Monday (Oct. billion — in Auchan’s A-RT Retail. The event is named for the date the sale ends, June 18. 19) CNN report.

Online 231
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Goldman is quickly expanding its digital retail bank Marcus

Bank Innovation

Marcus by Goldman Sachs, Goldman's digital-only retail bank, is quickly becoming a full-service financial platform -- a threat to both challenger banks and traditional incumbent players.

Retail 236
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CORT On Using Mobile, Visual Purchasing To Solve B2B Event Payments Friction

PYMNTS

Corporate buyers can pay more rapidly online with credit cards, benefitting sellers, and enjoy easy access to detailed, searchable information to guide their purchasing decisions. Some online sellers eschew online marketplaces in favor of more tailored digital sales experiences, turning to eCommerce system providers for help.

Mobile 197
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Amazon Prime Day Set For September As Operations Stabilize

PYMNTS

This spring, Seattle-based Amazon went on a hiring spree, unable to keep up with the boom in online sales. Also, its Amazon Fresh grocery delivery arm was unable to handle all the stay-at-home consumers attempting to go on online COVID-19 shopping sprees. Typically held in July, the two-day shopping event features bargain merchandise.

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SoftBank-Backed Grofers Hires 4K Employees For Shopping Event

PYMNTS

Online grocery company Grofers has contributed ?100 100 crore to boost its India operations. A top official also confirmed that the company has hired 4,000 more employees to staff its nine-day shopping event, according to a report. The “Grand Orange Bag Days” (GOBD) online event began on Jan.

Online 131
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Chinese Consumers Pay With Biometrics During Singles’ Day Shopping Event

PYMNTS

Alibaba’s Singles’ Day shopping event on Nov. Alipay’s digital wallet handles online and offline transactions for 870 million users around the world. WeChat Pay , the rival digital payment service in China operated by Tencent, has around 800 million users. million in sales during the event.

Apple 148