San Francisco-based Level has raised $5 million, led by Kleiner Perkins, to bring financial management to a younger generation through a new mobile app.
Banking, media, travel, and other service-based businesses have made tremendous strides in mobile commerce, but other industries have lagged behind. Even seemingly natural fits like retail have seen mixed results.
Businesses interested in recreating the success of the Starbucks mobile app have a new option in Cardfree, a startup that is launching with $10 million and is led by a team that helped build the Starbucks mobile experience.
Six months after launching its iPhone app, Etsy says that nearly one in five visits to its site comes from a mobile device. The company said that it has surpassed 1.5 million downloads of the app after reaching the million download mark two months ago.
Smartphones and tablets are driving both in-store and online commerce, but their roles are distinct in many ways. Nielsen shed some light on how consumers are using both devices to aid their shopping. Overall, 79 percent of respondents have shopped using their smartphone or tablet.
Payment start-up Clover is trying to radically cut down the time and steps it takes to check-out at retail sites from mobile devices, making it about as simple as an iTunes transaction. Clover today is releasing SDKs for native iOS and Android apps and mobile websites.
Mobile payment joint venture Isis — the product of Verizon, AT&T and T-Mobile — announced that Chase, CapitalOne and BarclayCard will place their credit, debit and pre-paid cards on the Isis wallet when it launches this summer. The card issuers cover 100 million card holders in the U.S.
It’s often difficult to separate what will shape the future of payments from what is just hype. PayPal’s Scott Dunlap focuses on the “innovation clusters” to get past the hype and see where mobile payment technology will be taking us in the near future.
The momentum behind mobile payments is picking up but many of the newest challengers in the space are going to have to get over one nagging reality: consumers still trust their banks and credit card companies to drive the mobile payments market.
The numbers are starting to roll in, and it seems Apple had a very good holiday weekend. Waiting under the Christmas tree on Sunday was a gigantic pile of of new Apple customers, who promptly starting buying apps, playing games and shopping, according to new stats.
It’s Cyber Monday and servers are humming as shoppers head to their PCs, tablets and smartphones to find the best deals available. Scot Wingo from ChannelAdvisor discusses the e-commerce trends that have emerged over the last five days, known as the “Cyber Five.”
The 2011 holiday season that was kicked off earlier today (Black Friday) is proving to be a big boost for m-commerce as shoppers are using their smartphones, mobile apps and other devices to go bargain hunting according to various sources. Its the season of couch commerce.
Mobile users are increasingly getting used to buying products with their smartphones and tablets. But it’s not just smaller transactions. New studies show that users are getting comfortable with bigger purchases. The most expensive thing that respondents said they paid for on average cost $274.
Investors are not the only ones who see Groupon (NSDQ: GRPN) as a money maker these days. In a lawsuit filed today, a California company is…
After turning down an acquisition offer, shopping assistant start-up ShopSavvy is moving ahead with plans to go it alone. It raised $7 million in a Series A round led by Facebook co-founder Eduardo Saverin. ShopSavvy is looking to ride the exploding mobile commerce market.
PayPal said consumers aren’t going to wait until Black Friday to get their shopping started. They’ll begin their gift hunting the day before on Thanksgiving using a mobile device. PayPal said this couch commerce will be the first holiday shopping spike this year.
Everyone thinks that mobile phones and mobile commerce are the next big things, and I think what this data shows is it’s…
Card.io is announcing the launch of a private beta program for mobile developers who want to integrate its visual swipe technology into their apps, allowing people to enter in their credit card information by just taking a picture of their card.
Shopkick, a location-based deals and reward shopping app, is going local, offering merchants free hardware that integrates with its loyalty service. In a deal with Shopkick investor Citi, the company is offering free installation of Shopkick signal boxes at 1,000 stores owned by local merchants.
EBay said it’s buying up the rest of e-commerce platform Magento in a bid to build a broader commerce operating system that spans online, mobile, social and local. EBay is looking to be the go-to resource for online and offline retailers, helping connect them to consumers.
Thanks to bigger selection, convenient return policy and addition of digital goods, Amazon is quickly sucking up more of our spending dollars. No it is not just me talking — data shows a sharp jump in per account spending and it is only the beginning. Bezos FTW!
Auction giant eBay said today that it will buy GSI Commerce, a provider of e-commerce and marketing services, for a whopping $2.4 billion in cash and debt. The deal is part of eBay’s continued makeover from an auctions-oriented company to an e-commerce platform.
This holiday season, 28 percent of U.S. shoppers will use a mobile either for price checking or for product recommendations from friends — all while in the aisles of a traditional retail store, says IDC. Are consumers finally ready for advanced mobile payments and digital wallets?
Google CEO Eric Schmidt said Gingerbread, the upcoming update to Android expected in the next few weeks, will include support for near field communications, making it possible for users to soon tap their phone and use it as a credit card.