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The California Department of Insurance this week announced fines totaling $7 million against startup Zenefits, a provider of cloud-based human resources services. The company's former leadership "created an anything goes culture at the Internet startup, resulting in numerous violations of licensing ...
Online advertising that pushes malicious software to consumers has increased 325 percent over the past year, Cyphort Labs has reported. Malvertising is adding to what is already a significant problem for online advertisers. Ad fraud will cost global advertisers more than $6 billion this year, accord...
Oracle CEO Larry Ellison can be a wellspring of newsworthy comments. Little wonder, then, that for close to an hour on Tuesday, IT journalists were rapt as he ruminated on the subjects of the day in an interview with Sun Microsystems' Ed Zander at the Churchill Club in Silicon Valley. Ellison didn't...
E-mail marketers anxious to see that their opt-in mailings are not mistaken for spam are finally seeing brighter days, new research suggests. While the journey to the customer's inbox is getting easier, however, passive marketers will face tough challenges from smart competitors who are quickly lear...
As more people choose to pay bills online rather than shelling out for stamps and envelopes, a quiet battle is taking place behind the scenes: Retail banks are squaring off against companies that bill consumers directly, such as credit-card firms and utility companies. As it turns out, the most sign...
When PayPal filed for its successful IPO last year, it listed a slew of competitors in the online payment arena. But those rivals, including Citibank, Wells Fargo, Yahoo, Microsoft and the U.S. Postal Service, barely sport as much market share combined as PayPal commands on its own. There are signs ...
In a widely anticipated move, auction giant eBay has announced it will acquire online payment company PayPal in an all-stock deal valued at $1.5 billion. EBay said it will phase out its own Billpoint system, long a disappointment to the auction site, after the PayPal deal closes. The companies ex...
Recent history has shown that there are no sure things in e-tailing. And with eyes looking to the future, analysts are hesitant to hail even today's strongest companies as sure long-term victors. "I have not seen anything that indicates that one has a leg up on the other," Giga Information Group ana...
Shares of online payment company PayPal surged in unusually heavy trading as fresh rumors swirled that auction giant eBay is considering a buyout of the newly public company. "It would make sense for eBay to pursue PayPal," Morningstar.com analyst David Kathman told the E-Commerce Times. "I'm sur...
With a single transaction, EBay managed to do what lawsuits and a raft of other bad news could not. The auction giant brought high-flying PayPal's stock back to Earth by paying US$43.5 million for the 35 percent stake in PayPal rival Billpoint that partner Wells Fargo took two years ago. "The tim...
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