Online Commerce Trend: More Spending, Smaller Purchases

The average checkout size is shrinking, even though more people spent more money online. Why? Here are three reasons.
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With No-Yahoo-CEO Pledge, David Kenny Back in the Strategic Fray

What will David Kenny do? Maybe get something cooking in the whole what-will-Yahoo-do stakes, now that one of Yahoo’s more active board members is back.
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Voices

The M-Commerce Tipping Point Is Now

With the age of the PC declared officially over–smartphones outsold PCs for the first time in 4Q 2010–American retailers are all asking the same question: When will the m-commerce tipping point arrive? The answer is, it’s happening now.

Voices

Google Sets Role in Mobile Payment

Google Inc. is teaming up with MasterCard Inc. and Citigroup Inc. to embed technology in Android mobile devices that would allow consumers to make purchases by waving their smartphones in front of a small reader at the checkout counter, according to people familiar with the matter.

Google’s Eric Schmidt Shows Off Movie Studio, a Tablet Video-Editing App

Speaking at Mobile World Congress, the Google executive says that contrary to critics, devices are actually improving human connections. His talk is just getting started. Click here for live coverage from Mobilized’s Ina Fried.

News Byte

Visa Expands Digital Payment Options With Purchase of PlaySpan

Visa has agreed to acquire PlaySpan, which handles transactions for virtual goods in online games, digital media and social networks around the world. Visa will pay about $190 million in cash, plus undisclosed payments for hitting future milestones. The Santa Clara, Calif., company is privately held and backed by Easton Capital, Menlo Ventures and other funds.

Inside Facebook's Big Move to Menlo Park

Facebook is holding a press conference later today to announce it will move to a campus in Menlo Park, Calif., that the company expects to become its long-term home.

News Byte

MasterCard Appoints New Head of Mobile Payments

MasterCard Worldwide has appointed Mung-Ki Woo to the position of Group Executive of Mobile. Woo will be responsible for commercializing and developing mobile payments for MasterCard around the world. Most recently, Woo was VP of Electronic Payments & Transactions at France Telecom, where he led the “Orange Money” mobile payment program, which was commercially available in several African countries, and deployed Orange’s mobile contactless payment services in Europe. Before that, he was CTO of a French interbank organization that specialized in electronic money systems.

Microsoft and HP Show Off the Fruits of Their Partnership

One year later, it’s time to see what the world’s biggest software company and the world’s biggest IT company could do with $250 million and a year to collaborate on cloud products.

News Byte

EBay Peaks at 9,500 Mobile Transactions an Hour During Holidays

With roughly two weeks to go before Christmas, eBay is predicting that holiday shopping via mobile phones has already peaked. The curve topped out yesterday–on the second Sunday of December, eBay said. In the U.S., mobile gross merchandise volume (GMV) grew to $5 million, a 127 percent increase over the same Sunday last year. On a global basis, mobile transactions generated $13 million, growing 165 percent. The e-commerce site said mobile shopping peaked between 1 pm and 4 pm EST, with more than 9,500 transactions being made per hour.

"Sun + Oracle is Fast"? Not So Fast…

“Sun + Oracle is Fast”? Not So Fast…