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Articles tagged with: merchant

eBay Acquires E-commerce Startup, Magento

eBay announced on Monday that it has agreed to overtake Magento (an open source ecommerce platform), an LA-based company with nearly 300 employees. eBay before only had a minority stake in the company, but has since then decided to go big or go home. Neither company stated how much the deal will go for, but it is expected to close in the third quarter of this year upon approval.

Magento offers tens of thousands of merchants control over the user experience, catalog, content, and functionality of their online store. The company’s “Go” platform offers a software-as-a-service (SaaS), offering both small and growing merchants the online tools they need, from payments to inventory management.

Google Will Roll Out NFC For Android Phones

According to the WallStreet Journal, Google is teaming up with MasterCard and Citigroup to bring Near-Field Communications technology to Android mobile devices. This would allow consumers to pay for things by swiping their phone against a small reader at a checkout stand. The goal in using NFC technology is to speed up transaction times and make it easier for consumers to pay for things without whipping out their wallet or their purse to look for their credit cards. Google will not be getting any…