News Byte

ShopRunner CEO Scott Thompson Joins Board of Lead-Gen Startup Radius

Scott Thompson, the CEO of ShopRunner and onetime CEO of Yahoo, has joined the board of directors of Radius, a startup that helps salespeople build targeted lists of prospective small-business customers. Radius started off as Fwix, an aggregator of so-called “hyperlocal content,” and has raised more than $30 million from BlueRun Ventures, Comcast Ventures and American Express.

In Battle for E-Commerce Dollars, Free Shipping Is Payment Networks’ Weapon of Choice

Call it the Amazon Prime Effect.

American Express to Let Cardholders Pay NYC Taxi Fares With Membership Rewards Points

The move marks the loyalty program’s first step in what will likely be the program’s major expansion into the physical world.

TripAdvisor Becomes Latest Digital Platform to Host Special Deals for American Express Customers

The deal follows in the footsteps of similar partnerships with Twitter and Foursquare.
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Vente-Privee’s Granjon, Flash Sales Pioneer, on Competing in the U.S.

Flash-sales godfather Jacques-Antoine Granjon says what he means and means what he says.
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Personal Information Is the Currency of the 21st Century

Privacy is dead. Get over it.
minority report


What’s in Your Digital Wallet? Lucrative Data

Firms feud over access to details on transactions as new apps replace plastic.

News Byte

“Netflix for Dresses” Rent the Runway Raises $4.4 Million

Rent the Runway, a startup that lets customers rent dresses, has raised $4.4 million from American Express and Novel TMT Ventures. The funding is an add-on to a $20 million round the company closed last year. Rent the Runway has raised close to $55 million since 2009.

Exclusive: PayPal Co-Founder Levchin Launches New Payments Startup, Affirm

He’s back, and this time the well-known entrepreneur wants to give you a digital charge card.

Foursquare Opens Up Check-In Deals to More Kinds of Plastic

Put it on the card.