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. That’s hardly the only recent hack involving online retail activity, nor the only form of such criminality.

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The Best Online Banks Right Now

Bank Innovation

Keeping your money in a bank is common sense at this point, but online banking is – unfortunately – not something many people have grown accustomed to, yet.

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Online Lenders Prepare For A Recession

PYMNTS

Online lenders in the U.S. Reuters , citing interviews with half a dozen online lenders, reported the companies are worried that a recession could hit the U.S. It would be a test for many of the online lenders that haven’t lived through an economic downturn.

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Redfin Testing Online Real Estate Bids

PYMNTS

Redfin Chief Executive Glenn Kelman told The New York Times that at the end of March it started accepting online bids from people who aren’t represented by a real estate agent. Making an offer for a home online may seem like a no-brainer as everything moves into the digital world.

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PayPal Invests $11M In Online Return Service

PYMNTS

PayPal ’s venture capital arm has invested $11 million in online returns service Happy Returns. “Happy Returns is building a network of physical return locations called Return Bars to enable in-person returns from online shoppers.”

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Hong Kong Issues More Online Banking Licenses

PYMNTS

The banking regulator in Hong Kong has issued an additional four online-only banking licenses to Ping An, Alibaba, mobile phone maker Xiaomi and a joint venture (JV) consisting of Tencent, ICBC and Hillhouse Capital.

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Square Rolls Out Online Store For UK Sellers

PYMNTS

Square , the payments provider, announced Tuesday (April 9) the launch of the Square Online store for U.K. In a press release , Square said the Square Online Store provides small and medium sized enterprises with one solution for their omnichannel or online-only business.

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Online Liquor Sales Are Booming – Can Digital ID Keep Up?

PYMNTS

As online food delivery services proliferate amid the battle for customer loyalty, and as grocery and related stores strive to gain more digital footholds, the online sale of alcohol is growing and becoming a bigger part of all those plans.

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How Card-On-File Is Changing Online Consumer Shopping

PYMNTS

When it comes to online shopping, one of the greatest frustrations for consumers — and friction points for merchants — is having to manually enter credit or debit card information for each purchase. percent use it for online subscriptions.

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Online Porn Pays Off for Fraudsters

PYMNTS

Pornography also plays a role in online fraud and cyberattacks involving ransom, as demonstrated this week in a case involving a 24-year-old student sentenced to six years imprisonment in the U.K. accounts accessible online.

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March Madness: Next Big Chance For Legal Online Sports Betting

PYMNTS

March Madness has a new flavor this year: legal online betting. billion – on their favored teams via sportbooks, either in person or online, with other bookies or just with friends. 3 Super Bowl on which bettors have been able to place legal online wagers.

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Authentication Provides The Real Action For Online Gambling

PYMNTS

As online gamblers all but feast on the odds and brackets of the ongoing NCAA Division I Men’s Basketball Tournament in the U.S. – In that spirit, most consumers understand the need for a relatively involved onboarding process when first signing up for an online gambling site or service.

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How online gaming created a challenger bank

Chris Skinner

What was not surprising is that the lion’s … The post How online gaming created a challenger bank appeared first on Chris Skinner's blog. I was chairing a panel with a number of different players, one of which was Monzo.

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Bebe Launches Revamped Online Store, Loyalty Program

PYMNTS

Bebe, eCommerce, online store, loyalty program, clubbebe, website, online shopping, women’s fashion, women’s clothing, retail, news. The retailer bebe has launched a new online store and an enhanced customer loyalty program, partnering with Branded Online on both projects.

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Amazon Online Pharmacy PillPack Almost Ready For Debut

PYMNTS

PillPack, the online pharmacy acquired by Amazon in 2018 for $1 billion, is almost ready to make its debut on the marketplace, according to reports. Amazon ecommerce Haven Healthcare Marketplace News Online Pharmacy PillPack Retail What's Hot

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Online Holiday Spending Already A Record-Breaker

PYMNTS

Christmas is just around the corner, and online holiday shoppers have been busier and spending more than ever, according to a new report. Online sales reached $80.3 It’s the largest online shopping period ever, beating out last year’s total of $67.7

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Millennials SME Owners Prefer Online Alternative Lenders to Tradtional Ones

Bank Innovation

Online alternative lenders are gaining momentum with U.S. SMEs have used online alternative lenders (P2P lenders or marketplace lending platforms) […]. DataBank Lending Online Open Fintech Startups alternative lender millenial investing SME lending

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Square Expands To Offer Retail Online Store, Improved POS App

PYMNTS

Square has two new offerings: the revamped Square Online Store and Square For Retail, introduced in an announcement by the company on Wednesday (March 20). It’s crucial that sellers are able to reach their buyers on any channel, whether in person, online, or in apps,” Rusenko said.

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How Cannabis Merchants Seek To Clear The Online Sales Haze

PYMNTS

The need to address verification challenges is growing around the world, as customers rely more on online services for ordering food and drink, leading to fierce competition among delivery services. One-click ordering in the Amazon age has made consumers impatient for their products.

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FDA eCig Crackdown Boosts Appeal Of Online Authentication

PYMNTS

It might not have been inevitable, perhaps, but it was certainly expected: a regulatory backlash concerning the booming trade (both online and in brick-and-mortar stores) of eCigarettes , with their different flavors attractive to younger consumers — including underaged ones.

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Online Lender SoFi Debuts Two Free ETFs

PYMNTS

Online lender Social Finance (SoFi) is launching two free exchange-traded funds (ETFs). Loans etf financing FTC funds investments News online lending SoFi student loans What's Hot

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Postmates Raises $100M As Online Food Delivery Heats Up

PYMNTS

But consolidation looms, according to some observers, and online food delivery services will eventually have to shift more focus away from consumers and toward restaurant operators in order to thrive in a crowded marketplace.

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Kuwait Bank Taps Ripple For Online Banking

PYMNTS

The National Bank of Kuwait (NBK) has announced that it will incorporate RippleNet blockchain into its online banking platform, offering 24-hour wire transfers to Jordan, with more countries being added soon.

Online 266

Carvana, BOA Team Up For Online Car Sales

PYMNTS

In an effort to bring customers an easier and more streamlined online car buying experience, Carvana, an online-only used car dealer, has teamed up with Bank of America, according to a release from the companies. “We

Online 227

Baidu, China Citic Online Bank Approved

Bank Innovation

China Citic Bank and search engine Baidu got the greenlight to go forward with their joint online banking venture. The bank will be exclusively online, according to reports, […]. Exclusive Lending Online Payments Retail Baidu China Citic Bank online banking

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Jumio: Why Online Love Doesn’t Have To Attract Fraudsters

PYMNTS

Right now, though, we are talking about fraud, and how criminals use online data sites to steal from consumers in search of romance or, at least, some temporary companionship. Online Dating Scope. The appeal of online dating or marriage sites for con artists is pretty simple.

Online 205

Chesapeake Bank Debuts Online Loan Product

PYMNTS

“We rely on ProfitStars’ products to improve the process for our business clients from the online application to account management, to ongoing service and reporting,” said Kevin Wood, managing director of Cash Flow at Chesapeake Bank, in a press release.

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ShopRunner May Acquire Online Department Store Spring

PYMNTS

Two-day shipping platform ShopRunner is reportedly planning to acquire Spring , an eCommerce startup that runs an online department store. Spring’s online store carries fashion items as well as accessories from brands like Gucci and Levi’s.

Online 198

Online Sales Of Used Goods Spreads Globally — And Is Growing Up

PYMNTS

Just consider the news this week: Truebil , an online marketplace for buying and selling secondhand cars, has raised $14 million in a Series B round led by Japanese investor Joe Hirao, the founder of ZIGExN. China, too, is experience growth in online sales of used cars.

Online 216

DBS, Xero Create Online Payment Solution for Singapore SMEs

Bank Innovation

Singapore-based bank DBS has partnered with technology provider Xero to build an online payment solution for small and medium-sized enterprises, the companies announced today. Exclusive Online Payments DBS Bank online payments Singapore fintech SMEs xero

Online 172

Online Grocer BigBasket Raises $150M For Expansion

PYMNTS

BigBasket, India’s biggest online supermarket, is in the process of raising about $150 million in funding from investors including Alibaba. South Korean firm Mirae Asset and U.K.

Online 199

Lloyds Online Banking Platform Experiences Outages

PYMNTS

banking company, saw its online banking platform go down on Monday (Feb. A spokesperson for the bank told the paper that it was aware that some customers experienced intermittent issues with the online banking service. Lloyds, the U.K.

Online 158

Pre-Black Friday Online Sales Spike 17 Pct

PYMNTS

consumers increased their online shopping nearly 17 percent before Black Friday, according to new data from Adobe Analytics published this week. Online shopping spend topped $31.9 online shoppers spent $3.3 billion in online sales, a 17.6

Online 226

982M Email Accounts Leaked From Online Database

PYMNTS

The online database was created by a company called Verifications.io, which reportedly had no security measures in place. Close to 1 billion email accounts were leaked by a marketing company in what some researchers are calling the “biggest and most comprehensive email database” breach ever. The Daily Mail reported that personal information from 982 million email accounts included names, gender, dates of birth, employers and even home addresses in the database.

Online 193

Online Spending Could Top $124B Over The Holidays

PYMNTS

Amid a change in shopping habits from brick-and-mortar to eCommerce, online spending is expected to reach $124.1 For online sales, the calendar might provide a bit of a boost: due to an extra day in the period spanning from Cyber Monday to Christmas, a $284 million rise in sales could occur.

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Care.com’s (Initial) Lessons For Online Marketplaces

PYMNTS

Sage advice for online marketplaces, especially service-oriented ones — where matching people is a tougher game than might be seen elsewhere. The news came this week that the online child care marketplace Care.com took tens of thousands of records offline that were unverified, as The Wall Street Journal got ready to publish the results of an investigation early last month. The online marketplace displays individuals and child care centers as users research care-giving options.).

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Can Google Fight Off Amazon And Facebook In Online Ad Race?

PYMNTS

Google appears to be losing steam in the ongoing race to dominate the online advertising market, and competitors Amazon and Facebook are taking advantage of the stumbles. Another issue is attached to this recent news: Searches – specifically, product searches, which help drive online commerce.

Google 158

Cyber Monday Sales Set A Record As Shift Online Continues

PYMNTS

ET Monday, sales for retailers online were up 20 percent from last year’s Cyber Monday, with Adobe pointing to a surge in orders being placed via smartphones. He said online discounts and free shipping are cutting into retailers’ profits in a significant way.

Online 224

Chase Customers Left Angry After Unexplained Mobile, Online Outages

Bank Innovation

Customers of JPMorgan Chase were unamused when the bank experienced a day-long digital outage, leaving many customers unable to make online transactions, use the mobile app, or conduct additional banking tasks. Exclusive Mobile Online Chase JPMorgan Chase Mobile banking online banking

Online 158

Saxo Bank Buys BinckBank To Expand Online Trading Customer Base

PYMNTS

Saxo Bank is gearing up to acquire BinckBank in a $480 million deal as it aims to expand in the online trading and investment markets. Saxo gets most of its income from its online trading business , in which it makes trading platforms for foreign exchange traders.

Online 165

Consumers Are Increasingly Researching Purchases Online

PYMNTS

That data strongly indicates 88 percent of consumer pre-research their buys online before making a purchase either online or in-store. In-store pick up is also becoming an increasingly favored method of conducting commerce, the report found, with 68 percent of consumers noting they were satisfied with their experiences when ordering what they needed online and then picking those purchases up in-store.

Online 169

FTC Puts The Smackdown On Fake Online Reviews

PYMNTS

One cannot have the good without the bad, and that holds especially true, it seems, with online product reviews — a vital, useful part of eCommerce that is reviled by consumers, marketplace sellers and merchants alike. Talk to any online shopper, merchant or marketplace third-party seller.

Online 158

Could Online Intermediaries Control The Physical Point Of Sale?

PYMNTS

But since it’s the data point that most use to define the online/physical retail sales split, let’s use it to project, based on historical trends what the world looks line in twenty years. It also purchased online pharmacy PillPack , and owns Zappos and fashion eTailer Shopbop.

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