News

Tel Aviv, Israel - Default image formats, used by up to 95% of all websites, do not deliver the highest level of user satisfaction. According to a new study of moment-by-moment emotional responses in universal facial expressions of more than 250 participants conducted by NeuroStrata on behalf of application delivery/security provider Radware, 65% of participants have felt frustrated by images taking too long to load.

San Jose, Calif. – PayPal has released a version of its PayPal Here mobile payment card acceptance app and reader that is compliant with most major Android tablets. The PayPal Here service itself had previously been available for Android smartphones, but not tablets.

The release primarily allows users of tablet-sized Android devices to now use PayPal Here to accept card payments. There are no major new features.

Boston – Lifecycle marketing technology provider QuickPivot has selected Datawatch to power the advanced reporting capabilities in a new hosted campaign management platform. QuickPivot offers a cross-channel marketing platform and marketing services that provide lead generation and nurturing, as well as closed sale, upsell and cross-sell.

With the recent unveiling of a new corporate name and a network of retail pharmacies that are now officially tobacco-free, CVS Health continues to forge ahead on its mission to help shape the future of health care. To further communicate its purpose to both consumers and press and to discuss how the company’s unique, integrated model is making a difference in healthcare, Larry Merlo, president and CEO of CVS Health, spoke on Friday before the National Press Club in Washington, D.C.

Hoffman Estates, Ill. – A $400 million loan Eddie Lampert, the CEO and largest shareholder of Sears Holdings Corp., is making to Sears this month reportedly is only enough to last the struggling retailer for three months. According to Bloomberg, global ratings agency Fitch Ratings is projecting that Sears will need $4 billion in capital to avoid running out of cash altogether in 2016.

St. Louis -- Brown Shoe Company has invested $9 million in Jack Erwin, an online men’s shoe brand that launched last year. It’s Brown’s first investment in a startup.

Founded by Ariel Nelson and Lane Gerson, Jack Erwin creates high-quality men’s shoes, selling them directly to consumers for under $200 a pair.

Stockholm -- The U.S. payments market is getting a new player: Klarna, a Swedish e-commerce company focused on simplifying buying, plans to expand to the U.S. market in early 2015. The nine-year old company has an impressive track record in Europe that includes more than 25 million users and 45,000 retailers including Asos, Spotify and Zara.

Atlanta -- Home Depot Inc. confirmed that some 56 million payment cards were likely compromised in its five-month data breach, making it the largest known breach of a retail company’s computer network to date. By comparison, the widely publicized breach at Target last December affected 40 million credit and debit cards.

Shop24 gives new meaning to the phrase “small format” and recently named a new vp of marketing and business development to help grow its footprint.