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1 - 10 of 25 Results
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/ Technology
In advance of fee reductions for debit cards, online retailers prepare payment changes
One in six web merchants will steer shoppers to debit, according to Internet Retailer survey.
Posted 08/22/2011Thad Rueter2 comments
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/ Technology
Three banks agree on a person-to-person mobile payment scheme
Consumers would send a text or e-mail address to move money.
Posted 05/26/2011Kevin Woodward2 comments
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/ E-Retailers
Overstock signs a $20 million financing deal
Overstock.com has signed a financing agreement with U.S. Bancorp to provide financing of up to $20 million. The financing will be used to provide liquidity for the company`s day-to-day operations, says Jonathan Johnson, the e-retailer’s president.
Posted 12/24/2009Zak StamborPost a comment
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/ E-Retailers
Walgreens creates e-commerce post as it seeks to boost its online presence
Sona Chawla, former vice president of global online business at Dell, has been named to the new post of senior vice president of e-commerce. She will oversee a team dedicated to building the sales, service and customer experience of Walgreens.com.
Posted 06/16/2008Katie DeatschPost a comment
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/ E-Retailers
RedEnvelope hits a financial crisis
CEO John Pound has left the company and its main lender Wells Fargo has pulled its line of credit. As a result, online gift retailer RedEnvelope says it has insufficient funds and may have to cease operations if a new buyer is not found soon.
Posted 04/04/2008Don DavisPost a comment
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/ Technology
AmEx holiday promotion rewards cardholders for making online purchases
American Express Co. is offering cardholders enrolled in its Membership Rewards program triple points when making holiday purchases at its online Bonus Points Mall.
Posted 11/22/2006Mark BrohanPost a comment
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/ E-Retailers
SmartBargains receives $10 million investment, $20 million credit line
SmartBargains Inc. today announced it has received a $10 million investment from existing investors, closing out a $28 million commitment, and has a $20 million long-term line of credit from Wells Fargo Retail Finance.
Posted 05/30/2006Kurt PetersPost a comment
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/ E-Retailers
Bluefly lands a credit facility of $7.5 million
Online fashion retailer Bluefly has secured a new $7.5 million credit facility with Wells Fargo Retail Finance LLC, the company reports. It has the option to increase its maximum borrowing under the facility up to $12.5 million.
Posted 07/27/2005Kurt PetersPost a comment
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/ Technology
Hacked card processor could fold if Visa, AmEx cut ties, CEO tells Congress
Embattled CardSystems Solutions may be forced to go out of business if Visa U.S.A. and American Express Co. don’t reconsider their decisions to cut ties with the processor, John M. Perry, president and CEO, told Congress.
Posted 07/25/2005Kurt PetersPost a comment
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/ Technology
Consumer data may be more vulnerable offline than online, expert says
Confidential customer information held by brick-and-mortar merchants may be more vulnerable to fraud than data held by Internet merchants, says Debra Rossi, executive vice president of merchant payment solutions at Wells Fargo.
Posted 03/22/2005Paul DemeryPost a comment
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