News Byte

Intuit Confirms Purchase of Payvment After Shutting Down Its Commerce Platform

Payvment announced it was shutting down its Facebook commerce platform last night and handing over its customers to Ecwid, and today Intuit confirmed it is acquiring at least some of its employees. In a statement, the financial software provider said: “Intuit has acquired a team of highly skilled developers who will be of great value to the social teams at Intuit.” No other terms of the deal were disclosed. Meanwhile, Payvment’s social commerce platform and companion shopping site, Lish.com, will close as of March 1.

Payvment Pulls the Plug on Facebook Commerce

Payvment’s service, which supports thousands of shops on Facebook, will close its doors March 1.
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Gap, H&M, Sephora and Others Unwrap New Social Gifting Service in the U.S.

More than 25 major retailers, including the Gap, H&M, Sephora, Brooklyn Industries and others, are working with a small Swedish company named Wrapp to roll-out a social gifting service in the U.S.
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Chirpify Grabs $1.3 Million to Bring Digital Payments to Twitter

There are a ton of companies trying to define commerce on Facebook, but here’s one company that’s targeting Twitter.
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Facebook-Funded Sociable Labs Helps Retailers Be More Friendly

Sociable Labs, which helps retailers integrate Facebook’s social graph into the shopping experience, comes out of beta today with a handful of brand-name customers.
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Venpop Makes a Case Against Adding Shopping Carts on Facebook

Retailers have flocked to Facebook, looking to create a community of users who “like” their brand. But now the big question is how do you drive additional sales?
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Gilt Groupe Says F-Commerce Stands for Flash Sales and Facebook

Gilt Groupe, an e-commerce and flash sales site, is experimenting with selling items from a range of categories, on Facebook.
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