Can a startup based on supply chain logistics seriously take on Amazon and make a dent? Marc Lore, co-founder of Diapers.com parent company Quidsi, apparently thinks so and he’s actively raising $600 million to make it happen, reports Recode. The story describes Lore’s effort, called...
Just another Tuesday in September. In case you missed it, big news was made Tuesday (Sept. 30) in payments-land. eBay and PayPal will split and become two separate, publicly traded companies sometime late in 2015. There will be two new CEOs of these companies –...
The PayPal/EBay separation is a story of contradictions. eBay says that the fast pace of the payments space—and the huge recent changes (Apple Pay and Alibaba’s IPO)—require a move right away: So they’re saying that they will separate by the end of 2015. The eBay...
The Chinese government is officially allowing Apple to start selling the iPhone 6/6 Plus in China after extracting a privacy promise from Apple “that it would never allow any country or government agency backdoor access to its devices or user data,” according to a report...
The Whole Foods grocery chain is trialing a one-hour mobile delivery program, where shoppers place their orders on a smartphone, in 15 cities in the U.S.. The trial, done with vendor Instacart, is being offered in Atlanta; Austin; Boston; Boulder; Chicago; Denver; Houston; Los Angeles;...
Bank of America Merrill Lynch on Tuesday (Sept. 30) launched a product called Digital Disbursements, which is designed to allow for digital payments right into bank accounts, using only a mobile phone number or an E-mail address as an identifier. The product launched is being...
Wanting to keep its most critical pilots near its headquarters in Bentonville, the world’s largest retail chain this began filling same-day Internet grocery purchases at a drive-thru facility in Bentonville on Tuesday (Sept. 29). Walmart dubbed the test “Walmart Pickup—Grocery” and said that it “continues...
Declaring that “the industry landscape is changing and each business faces different competitive opportunities and challenges,” eBay CEO John Donahoe announced Tuesday (Sept. 30) that PayPal will be split into its own publicly-traded company. The Donahoe statement said that “eBay and PayPal will be sharper...
Apple Pay’s U.S. business model is based on issuers giving it a rebate on the fees they collect from merchants. But what happens when those fees are really low and headed lower? That’s Apple’s issue in Europe as it looks across the pond to find...
