e-commerce
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Runchkins is Trunk Club for kids, with an optional buy-back power-up
You know what it’s like… you’ve just bought the cutest little outfit for the tiniest person in your family, and they promptly go and grow out of it. If that sounds familiar, Runchkins might just be about to become your most favoritest startup. The concept is simple: You buy clothes, your kid wears ’em, and once the little one has grown out of ’em, you can sell… Read More
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Shopify acquires digital studio Tiny Hearts, makers of Wake Alarm, Next Keyboard & more
E-commerce company Shopify is doubling down on its mobile product ambitions with today’s acquisition of digital product studio Tiny Hearts. The studio has released a number of mobile apps, games and bots over the past several years, including popular consumer-facing apps like Quick Fit, Next Keyboard, InstaMatch, and Wake Alarm. Prior to the deal, the team had also worked with… Read More
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A new tool can crack a credit card number in six seconds
In what amounts to a very clever brute force attack, a group of researchers has figured out how to find credit card information – including expiration dates and CVV numbers – by querying ecommerce sites. The process, which was outlined in IEEE Security & Privacy, involves guessing and testing hundreds of permutations of expiration dates and CVV numbers on hundreds of… Read More
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AWS Snowball Edge offers 100TB of storage and compute functionality
Amazon’s popular Snowball storage container got a major update today at the company’s re:invent conference. Though largely overshadowed by the new batshit crazy AWS Snowmobile, the aforementioned Snowball will be getting a storage increase to 100 terabytes in addition to computing functionality. Users of the new Snowball Edge will be able to perform basic analysis on their data… Read More
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PayPal says mobile shopping accounted for a third of Thanksgiving & Black Friday sales
New data from PayPal further confirms mobile’s contribution to e-commerce retailers’ bottom lines over Thanksgiving and Black Friday. According to data from its network, mobile devices accounted for a third of all total payment volume on both of these top shopping days this year – figures that back up earlier reports that mobile accounted for roughly a third of online… Read More
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Hollar snags another $30 million for its fast-growing dollar store app
Hollar, a startup offering dollar store-like finds in the form of a mobile app, has raised another $30 million to continue to grow its business. The new Series B round of funding was led by Kleiner Perkins Caufield & Byers, and included participation by Comcast Ventures and Greycroft Partners, as well existing investors Lightspeed Venture Partners, Index Ventures, Forerunner Ventures,… Read More
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Needed’s smarter shopping app will find you the best nearby deals
A new app called Needed, now officially launching, wants to upgrade your mobile shopping list. Instead of turning to a simple note-taking app or to-do list, Needed aims to help you save on groceries by automatically searching for deals and sales that match the items on your list. The idea is to help you shop smarter locally, however – Needed doesn’t focus on online stores, or… Read More
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Facebook Messenger now supports PayPal payments in bots, will track your PayPal receipts
PayPal is deepening its relationship with Facebook, and will now become one of the payment options within Messenger, among other integrations. That means customers who shop via the growing number of chatbots from online merchants will be able to transact on Messenger using PayPal’s payment service. In addition, as part of this deal, PayPal says it will make it easier to link your… Read More
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Android Pay expands its reach via new partnerships with Visa and MasterCard
Google announced this morning two strategic partnerships with Visa and MasterCard aimed at expanding the reach of its mobile payments service, Android Pay. The company says that Android Pay users who are shopping online from their smartphones will soon be able to make payments on hundreds of thousands of new sites where either Visa Checkout or Masterpass are accepted at checkout. Visa… Read More
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Levchin’s Affirm secures $100M credit line from Morgan Stanley
This morning, fintech startup Affirm announced a new $100 million credit line from Morgan Stanley. The money will go directly to supporting the company’s current financial products that help customers purchase goods and spread their expenses over a period of time. Morgan Stanley is not the first institutional lender to issue a line of credit to the company. In May of 2015, Affirm closed… Read More
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