eBay, which sold Rent.com some time ago, has disclosed in its latest Securities and Exchange Commission filing that it obtained $145 million for the unit from Primedia. eBay gained $118 from the sale. The company also revealed that it had spent $149 million in making three purchases – two for its marketplaces unit and one [...]

There are plenty of daily deals making it difficult for retailers to attract and hold consumer interest. Tony Bautista, the founder, president, and CEO of Bazomb, has developed Where’s Bazomb?, an interactive app for iPhones and Android devices to help merchants retain consumer interest by offering a game along with deep discounts. To participate, people [...]

To say that Apple is banking on its Passbook Mobile Payment feature to revolutionize the mobile commerce market would be an understatement. Indeed, Apple wants to make itself a bank (in the literal sense) where anyone with an iPhone and a Passbook enabled service would be able to transact completely and comprehensively. The company known [...]

Canada-based financial services company Paymobile has purchased Zoompass, the mobile-based, stored payment offering from EnStream. Zoompass comes with a contactless payment card system that enables person-to-person transfer of money, online transactions, card withdrawals and transactions at retail outlets. The mobile device application is available for download from iTunes, Google Play, and Blackberry app stores. “Since [...]

Chevrolet, Isaac Mizrahi, and LivingSocial are together promoting the Malibu and an exclusive line of clothes for women who are smart, stylish and like nice things.. The deal will see a car maker, clothes designer, and an online player come together to woo the style savvy woman. The tie-up will see Mizrahi’s Malibu collection of [...]

Are Daily Deals Partly to Blame? Gear Doctors, a repair shop in Deephaven, Minnesota has closed shop abruptly without returning sporting goods such as mountain bikes and skis that it had accepted for servicing and repairs. Gear Doctors was started by 35-year-old Michael Metzler as a side business and appeared to be prospering. He had [...]

Existing daily deals sites such as Groupon and LivingSocial help small businesses such as restaurants and spas with their marketing using discount coupons. This leaves out other businesses such as music masters and writing teachers who would like to increase their number to students. Sibte Hassan expects to help such businesses increase their marketing power [...]

A recent survey of 156 ecommerce sites in the UK conducted by BDRC Continental at the behest of the Office of Fair Trading (OFT) found that almost half were contravening consumer protection laws. The survey found that almost 60 percent of the sites were adding extra charges to the initial price displayed. In a significant [...]

Since its IPO, Facebook shares have lost around 40 percent of their value as investors and analysts feel that the company has yet to monetize the full potential of its social network. Social commerce on Facebook, or f-commerce has not taken off on a large scale. Now, Facebook is taking steps to monetize its over [...]

Online marketing and advertising services company 29 Prime has entered into a sales partnership with GroupPrice to boost its sales. GroupPrice sources and delivers products and services at deep discounts to small and medium businesses. Just as consumers look for discounts at Groupon and LivingSocial, small and medium businesses look to cut costs by using [...]