PayPal is hosting an app development event called BattleHack in Tel Aviv this week. Nearly 200 participants are spending 24 hours developing new apps for PayPal’s API, The Jerusalem Post reported on Feb. 6. They are competing for a $100,000 cash prize. In an interview,...
A new report suggests that Amazon made as much as $1 billion last year in revenue from its mobile-payment service. Business Insider calculated the total based on the number of users and monthly transaction rates claimed by Starbucks, ComputerWorld reported on Feb. 5. Starbucks refused...
Shopify has launched a one-stop eCommerce solution for large companies. Shopify Plus is intended to serve eCommerce sites that typically experience high traffic volume, TechCrunch reported on Feb. 5. Additionally, Shopify Plus is designed for existing Shopify customers who need expansive services to continue operating at fast...
PayNearMe, a startup focused on improving consumer cash-payment experiences, has raised $20 million in a new round of funding. To date, the company has raised roughly $50 million. GSV Capital led the round, with Maveron, True Ventures, Khosla Ventures and August Capital also taking part...
The malware used to infiltrate the point-of-sale systems at Target, Neiman Marcus and other retailers appears to have been custom built for each job. Investigators have determined the malware attacks are slightly different from retailer to retailer, the Wall Street Journal reported on Feb. 5. William Noonan,...
Online ordering has led to increased sales for pizza restaurants able to invest, while others have been hurt as competitors move to a bigger Web presence. Domino’s, Pizza Hut and other well-known brands have added online ordering in the past year, the Wall Street Journal reported on...
Ovidio Egido, who has served as MasterCard’s senior business leader for Spain, has been appointed the company’s country manager for Spain. Egido has worked for MasterCard since 2012. He previously served as an independent contractor for Telefonica, 3V Transactional Services and Payment System Europe. “We...
OTI has launched a consumer-oriented automatic payment solution for gas stations. EasyFuel Plus is similar to an OTI offering for commercial purposes. It features a contactless reader attached to a vehicle’s fuel inlet. Once the driver begins refilling, the payment process is activated automatically. “This...
Chipotle intends to add a mobile payments feature to its ordering app in the near future. The popular food chain announced during an earnings call in late January that it will invest $10 million to upgrade its mobile app to include a mobile payments option....
