News

Retail
Walmart’s Big eCommerce Executive Shake-Up
November 02, 2016

Given the price tag on the Jet.com acquisition, it comes as no surprise that big changes are coming to Walmart’s eCommerce operations; firms generally don’t pay $3 billion for something and then make no changes to accommodate the purchase. And those changes are becoming evident...

Mobile Commerce
Mobile Internet Use Officially Surpasses Desktop
November 02, 2016

For the first time ever, internet usage on mobile and tablet devices surpassed desktops on a worldwide basis in October, according to web analytics company StatCounter. In a press release, StatCounter’s research arm, StatCounter Global Stats, found mobile and tablet devices accounted for 51.3 percent of internet...

Partnerships / Acquisitions
InAuth And Early Warning Ink Strategic Alliance
November 02, 2016

InAuth, the device authentication and intelligence company, and Early Warning, the real-time payments, authentication and risk mitigation company, announced Tuesday (Nov. 1) a strategic alliance that will enhance the security of real-time payment services within the mobile channel by leveraging the advanced device intelligence capabilities...

Security & Fraud
Shadow Brokers Posted A New Leak From NSA
November 02, 2016

Shadow Brokers, the group behind the publishing this past August of National Security Agency hacking tools, has posted a new leak that the group said showcases hundreds of organizations the NSA targeted over greater than a decade. “TheShadowBrokers is having special trick or treat for...

Payment Methods
Contactless Payments Set To Explode In US
November 02, 2016

For banks and retailers, there is a fine line between making people’s use of credit and debit cards as painless as possible and protecting individuals’ financial details from swindlers. Contactless credit cards have seen a slow rate of adoption in the U.S., but that may...

Social Commerce
Instagram Goes Shoppable
November 02, 2016

Instagram has reportedly rolled out shoppable tags on photos from as many as 20 retail brands. According to a report by TechCrunch, some of the retail brands include Kate Spade and JackThreads. The new service works likes this: Retailers tag products in their photos, which aren’t visible until...

Security & Fraud
Recurly Fights Subscription Fraud With New Tool
November 02, 2016

Recurly, the enterprise-grade subscription management platform, announced Tuesday (Nov. 1) Recurly Fraud Management, which provides automated tools to protect revenue by minimizing chargebacks, prevent eCommerce fraud and deter the creation of unauthorized accounts. These threats, if left unchecked, decrease revenue and profits, increase operating costs...

B2B Payments
Chinese Corporates Strategize T&E Spend
November 02, 2016

China has now taken the lead in business travel spend, surpassing that of the U.S. as of 2016. China’s growth rate in corporate travel and expense budgets has steadily climbed by nearly 5 percent in the last two years, according to CITS American Express Global...

B2B Payments
UK Banks Now Required To Refer SMEs To Alt-Lenders
November 02, 2016

The U.K.’s bank referral scheme has officially kicked off. Reports by Financial Times on Tuesday (Nov. 1) said the program that requires traditional banks to refer small businesses to alternative lenders if they’re rejected for a loan has begun. “A refusal from a big bank should not...