eCommNews

PayPal Files Patent That Could Expedite Cryptocurrency Transactions

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PayPal filed a patent last week that revealed that it is considering speeding up its cryptocurrency transactions. Based on the recently released application, the payments processing company came up with a new system for faster trades involving digital currencies like Bitcoin and Litecoin, among others. In PayPal’s filing with the US Patent and Trademark Office, […]

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Amazon Reportedly Wants to Venture into Banking

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In its bid to strengthen its relationship with its millions of existing customers, eCommerce giant Amazon is carefully considering a foray into the highly regulated banking industry. While The Wall Street Journal reported the initial talks between Amazon and financial services firms that include JPMorgan Chase and Capital One, the online store remained mum on

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Walmart Builds Giant Private Cloud to Take on Amazon

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Walmart knows that to win big, it has to bet big as well. In its multibillion-dollar battle against online retailer rival Amazon, brick-and-mortar giant Walmart made a big bet in upgrading the technology behind is operations which include putting up with the world biggest private cloud. And it seems to be paying off. In order

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eBay Plans to Add AR Features to Enhance Shopping Experience

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eBay is on a quest to make shopping more interactive and enjoyable by incorporating augmented reality into the buying process. The company has even tapped the services of expert data scientist Jan Pedersen to ensure that they’re on the right track. In a bid to provide their clients with a better shopping experience, eBay is

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Instacart Gets Ready to Take on Amazon, Grocery Delivery Service Raises $200M

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A new player may soon challenge Amazon’s hold on the grocery delivery business. San Francisco-based Instacart has recently beefed up its war chest with another infusion of funds from its latest round of financing activity. Instacart reportedly raised $200 million in a fundraising campaign led by investment firms Coatue Management and Glade Brook Capital Partners.

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Snapchat is Now Selling Merch with Launch of New Snap Store

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Is Snapchat trying its hand at eCommerce? That just might be in the works with its launch of a new feature that would essentially enable the company to sell merchandise through the messaging app. Snapchat Inc. just opened up the Snap Store today, a new feature that lets users buy merchandise. Currently, it appears that

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Amazon Exceeds Analyst Predictions, Posts its Highest Q4 Profits Ever

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Buoyed by strong holiday sales and the robust performance of its cloud computing division, Amazon exceeded previous expectations set by analysts for its fourth quarter performance. The eCommerce giant posted a staggering $60.5 billion in revenue, surpassing Wall Street estimates which projected its revenues for the period to only reach $59.83 billion. For the fourth

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eBay Breaks Up with PayPal for Another Partner

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Even in business, some partnerships are not just meant to last. Despite working closely together for more than a decade, eBay recently announced that it would be ditching long-time partner PayPal as its primary payments processor by 2020. In a post on its company website, eBay announced on Wednesday that it has signed an agreement with

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Stripe Announces That it Will Stop Accepting Bitcoin in April

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Stripe, the Ireland-based payment platform, seems to be backtracking on its previously enthusiastic stance on cryptocurrencies as a mode of payment. In a statement issued January 23, the company announced that it is winding down support for Bitcoin and plans to ditch the cryptocurrency. The announcement was made by Stripe product manager Tom Karlo in

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How to Deal With After-Christmas Returns in January

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People think that the weeks before Christmas are the most profitable time for retail and eCommerce businesses. That certainly is true, as evidenced by the $114 billion that eCommerce businesses are estimated to have generated in the last holiday season. But January is also a very important time for businesses in terms of profit and

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