News

Fast-growing payments startup Adyen has secured $250 million from investors who have valued the Amsterdam-based startup at $1.5 billion.

Adyen serves as a middleman for Facebook, Spotify, Airbnb and other merchants, enabling them to accept Visa, MasterCard and soon bitcoin in nearly 200 currencies worldwide.

The eight-year-old company allows merchants to accept payments on the Web, mobile and more recently at individual points of sale.

VeriFone and First Data are teaming up to help U.S. merchants reduce their exposure to data breaches and expedite merchant acceptance of EMV-enabled credit and debit cards.

Large-scale theft of consumer payment data from merchants’ integrated point-of-sale (POS) systems is among the biggest challenges facing the payments industry.

Target Corp. is targeting last-minute holiday shoppers by offering promotions to customers in need of pickup or delivery, and to users of the retailer's Cartwheel app.

Cartwheel users will get 50% off a different toy every day until Dec. 24. Also, from now until Christmas, Cartwheel will feature more than 150 offers at 25% off or more.

Orders placed at Target.com through Dec. 20 can still be delivered by Christmas. After Saturday, Customers can use Target’s Store Pickup option.

Gift cards and clothing top the lists of holiday shoppers this year, according to a new Harris Poll conducted for Macy's.

Walmart said the Pennsylvania Supreme Court has ordered it to pay about $151 million to settle a class-action lawsuit filed by employees who claim their meal and rest breaks were cut.

Walmart said the ruling, which it may appeal, would reduce its fourth-quarter earnings from continuing operations by about 6 cents per share.

The suit, filed in March 2002, represented about 187,000 Wal-Mart employees who worked in Pennsylvania between 1998 and 2006.

An assortment of cashiers, 13 hidden cameras, and a whole lot of holiday spirit led to an epic surprise at a grocery store in Germany this month.

Edeka, Germany's largest supermarket chain, decided to surprise its shoppers with a seasonal treat.

In an attempt to liven up the otherwise boring chore of grocery shopping, these cashiers opted to delight their patient shoppers with a choreographed orchestra that beeped the holiday classic, "Jingle Bells."

Watch here and enjoy!

New York – Online fashion rental company Rent the Runway has partnered with innovation agency Redscout to help create the brand's new positioning, voice, logo and visual identity. Redscout helped Rent the Runway combine the two main focuses of the business, technology and fashion, into one synergistic and thoughtful vision across its online, mobile and brick-and-mortar platforms.  

Ottawa, Canada – The U.S. retail tradition of ‘Cyber Week’ is spreading north. New data based on parcel volumes compiled by Canadian mail service Canada Post show that e-commerce shipments as a result of Cyber Week this year have doubled since 2012.  

New York – Macy’s Inc. is exclusively offering a line of high-tech-enabled wallets, briefcases and handbags from Royce Leather. The designer collection features the Royce Leather Freedom Briefcase; a security bag with DNA based fingerprint technology that enables a single user to access the bag.  

Menlo Park, Calif. – E-gifting just got personal. Loop Commerce has released a turnkey SaaS solution called Loop that allows consumers to select and send online products as gifts without specifying attributes such as size, style or color.