Tag: category-/Business & Industrial/Business Services/E-Commerce Services

Naspers’ PayU acquires payment and security firm Wibmo for $70 million

Online payment service PayU has acquired California-based payment and security firm Wibmo for $70 million. The firms said they will continue to run separately though they will work together to build unique solutions. PayU, a subsidiary of South Africa’ Naspers, said the deal will allow its merchants and financial institutions partners to improve conversion rates […]

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Square’s Invoices service now has its own standalone mobile app

Square is perhaps better known for its core service that makes it easy for merchants to accept card payments in-store through a mobile device, but the San Francisco-based company has been chasing a bigger piece of the small business pie through a bunch of related services. One of those services is Square Invoices, which launched […]

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Square leverages Weebly acquisition to bridge offline and online commerce

Square is overhauling two of its omnichannel merchant products, as the company continues to extend its reach beyond simple mobile payments. While Square is better known for its core service that allows merchants to accept card payments in-store through a mobile device, the San Francisco-based company has branched out into numerous commerce-related verticals as it looks to gather […]

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NS8 raises $26 million to combat ecommerce fraud

NS8, a Las Vegas-based company developing a software-as-a-service (SaaS) solution designed to combat online fraud, today announced that it has raised $26 million in series B financing led by Edison Partners, with participation from Sorenson Ventures, Lytical Ventures, TDF Ventures, Hanna Ventures, and others. It comes after a $7.5 million seed round in November 2017, […]

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Pinterest fully automates ecommerce with Shop the Look

Pinterest is bringing full automation to Shop the Look, a feature that helps users buy products from companies that work with Pinterest, so you can, for example, buy a pair of jeans you see in a picture. Previously, Shop the Look, which made its debut in 2017, was powered by artificial intelligence to find objects in […]

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Bold Commerce raises $16.5 million to bring AI to ecommerce stores on Shopify and elsewhere

Bold Commerce, a software development company that builds tools, integrations, and enhanced functionality for ecommerce stores, has raised CDN$22 million ($16.5 million) in a series A round of funding from Whitecap Venture Partners and Round13 Capital. Founded out of Winnipeg, Canada, in 2013, Bold Commerce currently develops 20 apps that can be integrated with some of […]

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Square launches SDK for in-app payments

There’s a fortune to be made in mobile in-app billing. In-app purchases accounted for 43 percent of mobile app revenues in 2017, according to Statista, and in-app revenues are set to reach $117.2 million in 2020, up from $40.5 billion in 2015. With cash like that at stake, it’s no wonder that Square wants a […]

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TaxJar gets $60 million for software that automates ecommerce sales tax calculations

TaxJar, a subscription software company that helps businesses automate their sales tax calculations and filing, today announced that it has raised a $60 million round of growth equity capital from Insight Venture Partners. It’s the company’s first round of funding since 2014. CEO Mark Faggiano says the raise was partly prompted by increased VC interest […]

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India bans ecommerce companies from selling their own products

(Reuters) — India will ban ecommerce companies such as Amazon and Walmart-owned Flipkart from selling products from companies in which they have an equity interest. In a statement, the government also said that the companies will be prevented from entering into exclusive agreements with sellers. The new rules will be applicable from February 1. “An […]

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McAfee: Cryptomining and IoT malware both rose over 70% in Q3 2018

Cybersecurity firm McAfee said that the cybercriminal underworld is generating 480 new threats per minute. That’s one of the details in the new McAfee Labs Threats Report: December 2018. McAfee reported that internet of things malware was up 73 percent in the third quarter, while cryptocurrency mining malware was up 71 percent, even as the value […]

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PayPal brings Xoom money transfer service to Canada ahead of bigger global expansion

PayPal is opening its Xoom international money transfer service outside the U.S., starting with Canada. Xoom, for the uninitiated, allows you to send money, add credit to mobile phones, or pay bills to anyone in more than 130 countries, with Xoom taking a 3.93 percent cut. Founded out of San Francisco in 2001, Xoom went on […]

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The potential of community and technology in ecommerce

Presented by Project Verte Community thrives online. Scientists have surveyed an online community of amateurs to help predict crater maps of Mars. Global communities have come together on social networks to organize rallies and stand up for issues big and small.  In 2017, an April Fool’s challenge on reddit went viral, resulting in one of […]

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Square’s Solutions Partner Program helps connect businesses with resellers, agencies, and systems integrators

If you’re a seller who’s had a tough time connecting with a reseller, agency, or systems integrator lately, Square has designed a platform for you. The San Francisco financial services firm today announced the Solutions Partner Program, which aims to link small business and sprawling enterprises alike with vetted partners. “[G]rowing Square sellers often seek a partner […]

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Amazon launches local ecommerce site for Turkey

Amazon has launched its ecommerce business in Turkey, the company’s seventh market in Europe and sixteenth globally. Reports first emerged a few months back that Amazon was preparing a new localized business for the Turkish market, and today the company officially opened a new domain at Amazon.com.tr. While Amazon has been available globally for a […]

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Shopify sellers can now offer on-demand 3D-printed goods via Shapeways

Shopify will enable sellers to offer on-demand 3D-printed goods via an integration with Shapeways. Shapeways, for the uninitiated, is a 3D printing platform for designing, creating, and selling all kinds of goods — it allows designers to upload their own 3D model designs, with support available from professional designers, and creators can choose their preferred […]

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Amazon launches Hindi website and apps to court India’s booming ecommerce market

In a bid to expand its presence in India, Amazon announced today that it has created the first Hindi version of its Android app and website as it seeks to gain ground on rival Flipkart. Up until now, Amazon’s ecommerce sites for India have been exclusively in English, which has left it at a disadvantage […]

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Paymentwall spins out Terminal3 as payment platform for games

Paymentwall, a global payments platform, has spun out Terminal3, a newly established video games monetization and distribution platform that will focus exclusively on the gaming industry. “It’s crazy how far we have come since 2011,” said Honor Gunday, CEO and Founder of Paymentwall, in a statement. “Paymentwall started out in San Francisco as a small […]

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