News

Regulation
Samsung Facing Class Action Suit In U.S.
October 19, 2016

Given Samsung’s recent run of troubles — and the fact that said troubles issue from an exploding phone — it was likely just a matter of time before the lawsuits began. And the time has come, as reports indicate that the company’s U.S. unit is facing a...

Loyalty & Rewards
Excentus And Verifone Team To Create Digital Loyalty Punch Cards
October 19, 2016

Excentus, a provider of loyalty marketing and technology services, announced Tuesday (Oct. 18) that it and Verifone, a player in payments and commerce solutions, have developed a solution to enable merchants using Verifone Commander Site Controller to offer their customers an electronic punch card loyalty program. In...

Social Commerce
eBay Testing ShopBot On Facebook Messenger
October 19, 2016

EBay is reportedly testing a personalized shopping assistant dubbed ShopBot on Facebook’s Messenger app in an effort to lure more of Facebook’s 1 billion users to eBay. According to a report by Bloomberg, eBay is hoping that, by making it easier to find items to purchase...

Investments
ContentSquare Raises $20 Million In VC Funding
October 19, 2016

ContentSquare, an experience optimization platform for online and mobile businesses, announced Tuesday (Oct. 18) the completion of $20 million in Series B funding. The capital investment by Highland Europe will support ContentSquare’s global expansion and attract new talent to advance the company’s vision. In a...

B2B Payments
Modernizing The Cross-Border Payments Platform … And Process
October 19, 2016

PayCommerce sees inefficiencies in the way B2Bs handle their cross-border payments. Fresh off a $22 million capital raise, Chairman Abdul Naushad discussed the importance of shepherding, speeding and securing global payments.

IPO
Ant Financial IPO Moving Forward…Slowly
October 19, 2016

Ant Financial — the Alibaba affiliate firm that runs the Alipay platform — is “closer to an initial public offering” but as of yet has not set a timetable for the event. A person close to the situation had previously estimated 2017 as the date the trigger would...

Banking
FinTech Doing A Better Job, A New Survey Shows
October 19, 2016

Traditional financial services companies have something new to worry about: FinTech is increasingly encroaching on their turf and winning the hearts and minds of consumers. According to a report, a new survey by early-stage venture capital firm Blumberg Capital found three in five Americans say banks...

Investments
$18 Million In Funding For Zumper
October 19, 2016

The fastest-growing home and apartment rental platform in the U.S. announced close to $18 million in Series B financing. Forty million renters use the site each year, and the company plans to transform the way people find homes.

Partnerships / Acquisitions
USA Technologies And Burch Expand Initial Agreement
October 19, 2016

USA Technologies, a payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, announced Tuesday (Oct. 18) the initial results of an expanded agreement with Burch Food Services, a Canteen franchisee. In a press release, USA Technologies said it is currently...