The European Union (EU) has launched antitrust investigations into potential violations by Apple of competition laws in its Apple Pay service and App Store, The Wall Street Journal reported. The decision by the European Commission, an arm of the 27-nation bloc, follows complaints by Spotify, the music streaming giant, and an unnamed eBook distributor. At issue … Continue reading EU Investigates Apple Pay, App Store Continue Reading
As a next step in the direction of a digital-first, omnichannel experience, David’s Bridal is teaming with mobile wallet marketing automation platform Popwallet. The bridal and special occasion brand will have the ability to engage directly with shoppers in a “personalized, innovative, and dynamic” fashion via mobile wallets such as Google Pay and Apple Wallet with the … Continue reading David’s Bridal Teams With Popwallet For Marketing Via Mobile Wallets Continue Reading
U.S. eCommerce companies may be missing out on one of the hottest global trends. In China, eCommerce live streaming is all the rage — and a huge revenue generator — with all indications that eCommerce giants there will keep it growing. As the handle indicates, the practice involves creating live events through which one or … Continue reading Live Streaming Set For Huge 618 Festival In China Continue Reading
JCPenney may have a suitor. Reports circulating Tuesday (June 16) have Authentic Brands teaming with mall landlords Simon Property Group and Brookfield Properties teaming up to purchase the troubled retailer, which filed for bankruptcy on May 15. JCP has until July 14 to file a bankruptcy exit plan, and this deal could be the bailout it’s looking for. JCPenney … Continue reading Forever 21 Bailout Team May Rescue JCPenney Continue Reading
Branch, the digital bank startup, is branching out. The Minneapolis-based company has partnered with Mastercard to offer consumers access to their funds through their Branch Mastercard debit cards by adding it to mobile wallets, including Apple Pay, from the Branch mobile app. “Consumers deserve fast and flexible mobile banking services that adapt to their needs,” said Branch … Continue reading Digital Bank Startup Branch Offers Mobile Payments Continue Reading
Tuesday (June 16) is marking a bit of a one-two punch on the Continent for Apple. The European Union announced that it is opening not one but two antitrust investigations into the tech giant, focusing on the company’s App Store and Apple Pay. “It appears that Apple sets the conditions on how Apple Pay should be used … Continue reading European Union Hits Apple With A One-Two Antitrust Punch Continue Reading
European Union (EU) antitrust regulators will decide by July 20 whether to approve Google’s $2.1 billion bid for Fitbit, the California fitness tracker company, Reuters reported. Google sought EU approval this week, according to a filing on the European Commission website, the news service reported. It’s a potential deal that has raised concerns from consumer groups and privacy advocates. … Continue reading EU Sets July 20 Deadline On Google, Fitbit Merger Decision Continue Reading
As the world’s largest quick-service restaurant (QSR) chain, McDonald’s has unsurprisingly been hit hard by coronavirus-related shutdowns. The firm reported Tuesday (June 16) that same-stores sale fell 5.1 percent year over year in May as the chain began the process of reopening its dining rooms nationwide. That’s actually an improvement from April’s 19 percent year-over-year decline. Globally, … Continue reading What McDonald’s Figures Tell Us About Restaurants’ Road To Recovery Continue Reading
As much as $26 billion in unemployment benefits in the United States is either being taken by fraudsters or improperly made for one reason or another, a top federal government watchdog estimates. Scott Dahl, the inspector general (IG) of the U.S. Department of Labor, recently offered the sobering statistic at a hearing before the House of Representative’s Subcommittee … Continue reading Fraudsters May Pocket $26B In Jobless Benefits Continue Reading
Square Inc., the San Francisco-based payments platform, has announced it purchased Verse, the Spanish mobile app startup that allows users to make payments instantly at no cost. While the terms of the sale were not revealed, MarketWatch reported the deal closed at between 30 million euros ($33.8 million) to 50 million euros ($56.3 million). “We were drawn to Verse’s strong team, … Continue reading Square Buys Verse, Spanish Mobile App Startup Continue Reading