Social Commerce

News
Digital Gifting App Jifiti Launches on i2c Platform
May 20, 2014

i2c, Inc., a global provider of payment processing and e-commerce solutions, and Jifiti have announced that the physical-to-digital gifting site will use the i2c platform for open-loop prepaid processing. Jifiti allows users to select items in-app or in-store by scanning a bar code and sending...

Mobile Commerce
Crowdfunding Site WeFund’s Pornography Problem
May 19, 2014

Eden Alexander is an adult entertainer who through a series of unfortunate events, stemming from an allergic reaction and less than through initial medical attention due to her profession, found herself critically ill, unable to work and facing a mounting pile of medical bills. Luckily,...

Hmmm
PYMNTS Talks Back!
May 17, 2014

Here at PYMNTS we have all kinds of things to tell you about each week, from Alibaba's path to global commerce domination, to the resurrection of the ISIS mobile wallet, to why Bitcoin needs its own Benevolent Dictator for Life. But more than talk, we...

Merchant Innovation
Is Uber Worth $10 Billion?
May 16, 2014

Uber, the ride-sharing service that allows mobile users to connect with a fleet of local drivers, is hoping to raise several hundred million dollars in a new funding round with a valuation of $10 billion. If successful, Uber will tripled its valuation in just nine months:...

Loyalty & Rewards
Orbitz Reports Strong Q1 Growth Backed By Enhanced Mobile And Rewards
May 14, 2014

Travel booking site Orbitz has reported its first quarter 2014 results, which boast modest but solid growth. Orbitz’s adjusted growth rate in Q1 was $0.33 year-on-year to $ 28.7 million with room night growth of 12% and net revenue growth of 4%. The company attributes much...

News
New From Pinterest: Corporate Pins For Sale
May 14, 2014

Pinterest, the online social site that allows users to “pin”their favorite things to their personal wall is now looking to monetize the service by selling “pins” to businesses. Pinterest currently has millions of users and a $4 billion valuation, but as of yet it does...

Breach Round Up
Social Media Latest To Feel Security Flaw Impact
May 10, 2014

Another week, another discovered security flaw. This week’s flaw, dubbed “Covert Redirect,” allows cyber-attackers to disguise themselves as log-in popups based on an affected site’s domain. Social media sites are among those affected, leaving potentially millions of users at risk of having personal information stolen.

B2B Payments
Quill Asks Its B2B Customers for New Ideas
May 08, 2014

In the age of social media, sellers have seen greater openness from customers who now more openly share opinions, ratings, and feedback with their peers and companies they do business with. Many successful consumer brands have relied on consumers for not just marketing but also...

News
Foursquare Bets Big, Splits In Two
May 02, 2014

Until now, the point of Foursquare has more or less been to allow people to check-in to locations and find out what locations their friends were checked-in to. That is more or less an artifact of history now, as Foursquare makes a big bet in...