On August 26th, Macy’s became the latest store to offer the digital wallet app My Wallet. As more and more retailers join the mobile payment world, Macy’s was wise to finally make My Wallet payment options available to customers.
Upon completion of a personal profile, users may add up to ten different payment cards to their account. Visa, American Express, Discover, and Mastercard credit cards are all accepted, as well as Macy’s Cards. Though gift cards will not be supported through Macy’s My Wallet for now, the browser-based…
In an effort to expand its global mobile payment market, China Mobile recently announced its decision to partner with American Express. As the largest mobile carrier in China, China Mobile aims to reach over $164 billion in sales within the next three to five years.
With over 760 million subscribers, China Mobile created Habeo, its NFC-based mobile payment service. Previously referred to as the Phone Wallet, the service mainly pertains to those clients who engage in overseas shopping. As part of its new partnership with American Express,…
Groupon is now providing time-based deals for restaurants.
In an effort to help restaurant owners generate business during slow peaks, Chicago-based Groupon created deals that are only valid at a scheduled time and date. Restaurants merely set up their offers on Groupon, and then the customers, upon purchase of the deal, specify their arrival time and party size. Since customers make the reservation through the Groupon website or app, presentation of the deal is not even required upon entry. Not only are the deals increasing revenue for businesses at times when they…
Due to the lack of business in the market and low internet penetration, Groupon decided to shut down its service in Romania.
After several challenging years and the reality that Romania is still in its developing stages of e-commerce, Groupon announced its decision to shut down on September 3, 2014. The company confirmed that Groupons that were already purchased will be honored until the date originally agreed upon, and that customers also have the option to receive refunds for any unused, purchased deals.
The operation began in 2010, when Groupon…
PulseTV, an e-commerce company earned the overall ranking of 1554 in the Inc. 5000 fastest growing privately held companies in the nation and ranked number 67 for all Illinois companies. Past Inc 5000 companies include Microsoft and Vizio. PulseTV’s ranking was achieved due to its 274% growth rate from 2010 thru 2013.
PulseTV CEO and Co-founder, Jaffer Ali stated:
“We did not seek this honor. We were contacted by Inc Magazine and asked to submit a certified form from our CPA, so we did. The honor is a tribute to our entire staff.…
After a 13% fall to 5.68 last month, Groupon stock rose on Monday, September 1, 2014 with the help of RBC Capital Markets. The premier investment bank not only raised its rating on Groupon stock, but it also increased its price target from 5 to 6.
Though it still has a low IBD Relative Strength Rating of 15, Groupon has made progress to once again meet Wall Street expectations, which have since been lowered.
Along with receiving a more reasonable…
Amazon’s Local Register is a new mobile credit card reader joining the likes of PayPal, Square and others in the hotly contested mobile payment space. Amazon’s approach right out of the gate is to under price everyone, following the classic “race to the bottom” trend that we’ve seen credit card processing go through.
Through January 2016, Amazon is offering a 1.75% rate on each transaction. In 2016, the rate will increase to 2.5%. Square, PayPal and Google Wallet charge 2.75%, 2.7%, and 2.9% respectively. In addition to its low rate,…
Tim O’Shaughnessy, since stepping down as chief executive of LivingSocial, has invested in two new companies. He said he isn’t searching for deals and doesn’t expect to invest in startups as a career. He did, however, say he will invest in ideas that appeal to him.
“If it’s something I’m interested in, if I like the people and think there’s potential, I’ll be opportunistic,” he said.
O’Shaugnessy invested $7 million in OrderUp – a good ordering and delivery service. Paul Barry, chief technology officer at the startup,…
Andrew Mason, co-founder of Chicago-based Groupon, sold his final real estate tie to Chicago for $1.15 million. The West Town triplex condo was Mason’s final real estate tie to Chicago.
The 1920s loft consisted of 3 1/2 baths, 3 bedrooms, all of which were on one level, stainless steel appliances throughout the kitchen, as well as white lacquer cabinetry and granite counter tops, a rooftop resistance pool, and two decks with skyline views.
Mason, who is currently in northern California, was fired as Groupon’s CEO last year.
The West Town condo was not Mason’s…
Have you ever wanted to control your android phone from your PC? There’s an app for that. Meet Mobizen, an app that allows you to respond to all smartphone notifications, transfer files and use your phone’s applications.
The app was developed by Rsupport, the “number one remote solutions provider” in Asia.
“This free app displays a mirror image of your smartphone screen on your computer screen allowing you to access all the contents on your smartphone through a PC…