PayPal’s Plans for Taking on Visa and MasterCard at the Cash Register

PayPal is hosting an event at its San Jose headquarters this morning to announce the next batch of retailers that are adopting the company’s in-store payments solution.
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Scoutmob Attracts Investors and Partners by Saying It’s Not a Daily Deals Company

Scoutmob was able to attract $3.25 million in new funding and a major new payments partner by pitching itself as a mobile company and not as a fledgling competitor in the daily deals space.
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Ahead of Big Retail Push, PayPal Inks Deals With Top Hardware Vendors

Paypal is announcing that it has secured partnerships with three of the top point-of-sales providers, giving it access to nearly 40 million terminals worldwide.
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News Byte

Mohr Davidow Leads $25 Million Investment in Zebit’s Consumer Credit Platform

San Diego-based Zebit has raised $25 million in a fourth round of funding to grow its platform, which enables retailers to assess the risk of selling items to an individual consumer on credit. Mohr Davidow Ventures led the round, with Crosslink Capital, Leapfrog Ventures and QED Investors also participating. To date, Zebit says it has completed more than a million transactions.

News Byte

Target Taps Shopkick for a Mobile Rewards Program

Another big-name retail partnership for Palo Alto-based Shopkick, which enables consumers to earn gift cards for visiting stores and scanning products with their mobile phones. As of today, Target becomes Shopkick’s largest customer, following rollouts by retailers including American Eagle Outfitters, Best Buy, Crate & Barrel and Macy’s.

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Best Buy’s Profit Falls 25 Percent

Electronics retailer Best Buy Co. posted a 25 percent drop in fiscal-first-quarter earnings that reflected restructuring costs and weak sales.

Hey Mickey, You’re So Fine: Meet the Man Who Landed Silicon Valley’s Hottest Funding Deal in Pinterest

The $1.5 billion valuation can still blow your mind.

Four Reasons Why Andreessen Horowitz Is Investing $10 Million in Belly

Andreessen Horowitz has invested $10 million in Belly, a Chicago-based company that is building a loyalty network for retailers that will replace punch cards with mobile rewards.
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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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Walk Score Places a Value on How Easy It Is to Navigate a Neighborhood (Video)

When looking for a new house or apartment, ever wonder what the commute will be like, or how far away the grocery store or coffee shop is?
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