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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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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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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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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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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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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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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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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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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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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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.

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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.

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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.

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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.

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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.

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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

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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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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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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.

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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.

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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.

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Online Sports Betting Gets A Super Bowl Workout

PYMNTS

5), details emerged about the success and failure of the new online sports betting regime in the U.S. A clear picture of online gambling spend, losses and trends is yet to emerge, but some general data points provide detail.

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Black Friday Online Spending Jumped 24 Pct From 2017

PYMNTS

Black Friday sales soared this weekend, with more Americans choosing to skip the crowds and do the majority of their holiday shopping online. Reuters reported that online sales rose more than 23 percent, hitting over $6 billion on Black Friday, according to data from Adobe Analytics.

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Caesars Puts Stake In Online Betting Co DraftKings

PYMNTS

Caesars Entertainment announced that it has reached an agreement to offer DraftKings , the leading sports-tech entertainment brand in the country, providing market access for its online gaming products.

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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.

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Walmart Debuts Online Private-Label Furniture Brand

PYMNTS

Walmart has released a new online-only furniture brand called MoDRN, the company said on Friday (Feb. Now, the company wants to focus more on what it calls a specialty shopping experience, aiming to grow a variety of trendy collections that can only be found online.

Zara Plans To Roll Out International Online Shopping Platform

PYMNTS

To bring its fashions to new markets, Zara plans to roll out a global online platform. Orders will be fulfilled from Zara’s Spanish online platform and orders will be in euros. The full online catalog will be operational by 2020.

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Trulioo On Tweaking The Odds In Favor Of Online Sports Betting

PYMNTS

For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. First, a review and update about the online sports gambling situation in the U.S.

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Online Grocery Approaches $50B In Online Sales Worldwide

PYMNTS

Online grocers are growing at a much faster rate than traditional brick-and-mortar grocers, according to a new report. percent in the past fiscal year, compared to a 15 percent growth in online grocery sales. Of the total worldwide grocery market, online sales now make up 4.4 alone, online grocery sales are expected to jump 157 percent in 2016 as online grocery delivery options, like AmazonFresh, Peapod and numerous other competitors, continue to flood the market.

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Online Sports Gambling Makes Bet On Faster Payments

PYMNTS

goes online. But that’s not the case for online gambling, said Cregan, who noted, “It can sometimes take two or three days” for those winnings to get into gamblers’ accounts.

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Costco Wholesale Broadens Online Selection Amid eCommerce Growth

PYMNTS

Amid growth in its eCommerce sales and online selections, Costco Wholesale Corporation beat analysts’ estimates for earnings , but fell short on top-line revenues for the second quarter.

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Will Privacy Worries Change Online Search Habits?

PYMNTS

How do consumers really want to search online ? There is little questions that regularly occurring data breaches, combined with increased consumer knowledge of how their online data and personas are used for advertising, have created what can plausibly be called a privacy backlash. PYMNTS has provided sustained coverage of online privacy and how shifting consumer attitudes are, at the least, starting to impact business plans and profit forecasts.

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Online Car Marketplace CarDekho Raises $110M For Services Expansion

PYMNTS

Investments car buying funding india Insurance investing News online marketplace Venture Capital What's HotIndia-based internet car marketplace CarDekho has raised $110 million in fresh venture funding.

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Sberbank, Yandex Partner To Launch Online Marketplace Beru

PYMNTS

At the same time that there is a dearth of competition, analysts have said the economy in Russia is situated for growth, given online retail accounts for only 3 percent of the total spend. Partnerships / Acquisitions Beru ecommerce News online marketplace Russia Sberbank What's Hot Yandex

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Walmart Tests New Payments Approach To Up Online Conversions

PYMNTS

Walmart is testing out a new solution designed to automatically address soft declines on its eCommerce site.

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How ‘Dynamic Friction’ Could Be Online Fraud’s Kryptonite

PYMNTS

But it’s in service of a larger, very important point: Online fraudsters are much smarter than they were just a decade ago, and slavish adherence to rule-based fraud prevention systems will, essentially, leave a door or two open for those criminals to come through.

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Online Ad Biz Neared $50B In Early 2018

PYMNTS

A new report from Interactive Advertising Bureau ( IAB ) shows that the online advertising business continues to grow at double-digit rates. Business ad Consumer Spending digital IAB mobile News online advertising social media What's Hot

Online 195

Can Behavioral Analytics Slow Online Fraud?

PYMNTS

Fraudulent activity is 81 percent more likely to occur online than at the physical point of sale. The reality is, online I can go from store to store to store and can test the limits of that credit card in a very aggressive manner,” Mills said. This is the amount of online fraud that wends its way across call centers. Security & Fraud Call Center Fraud data drivers Featured News Featurespace Financial Crime fraud Fraud Prevention News online fraud podcast

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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Savvy Online Retailers Add Connected Consumer-Friendly Payment Options

PYMNTS

By using AI technology, the sportswear brand was able to offer suggestions for outfits to shoppers online. With all sorts of digital services at their fingertips, consumers are looking for convenience when they purchase products or services.

Retail 220

Are Consumers Ready To Buy And Sell Homes Online?

PYMNTS

Way back in the day (which, in 21st century digital economy terms, probably means a decade or so), smart and important people used to express well-informed skepticism about the prospect of selling clothes, cars and even groceries via online or mobile channels.

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Walmart Online Sales Explode

PYMNTS

Case in point: Walmart beat on earnings and revenue, saw same-store sales grow and online sales explode. I’m encouraged by innovation in the business,” McMillon noted, calling out the various improvements to its buy online, pick up in-store brick-and-mortar service — including grocery delivery, in-store pick up discounts and automated order pick-up towers, “where customers can pick up their orders within a matter of minutes.”. “We He noted that online grocery is already in 900 U.S.

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EU Proposed Regulation Could Put More Data Restrictions On Online Merchants

PYMNTS

European Union lawmakers have proposed new regulations aimed at stopping an online marketplace such as Amazon from using data from merchants’ product sales to boost sales of their own branded products. Amazon EU Google News online marketplace online merchants What's Hot

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