Friday, July 20, 2012

PayPal Getting Second Wind on Mobile Payments, Is There a Future in E-Franchisee? & Dynamic Signal Raises $13.3 Mil

Daily Deal Media News
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Social Commerce News for July 20th, 2012
PayPal Getting Second Wind on Mobile Payments

On July 11, 2012, Daily Deal Media reported the findings of a new study exploring mobile payments and how more Americans than ever are turning to their smartphone at the cash register.

According to IDC Financial Insights, during the past twelve months, the mobile payments user base in the United States has almost doubled in size.

On Thursday, PayPal confirmed the momentum in mobile payments by revealing the company’s expectation to have processed more than $10 billion mobile payment transactions by the close of 2012. All told, that represents an increase of 150 percent over last year at this time.

A Global Trend

The eBay-owned mobile payments giant said this week that consumer demand for “anytime, anywhere, any way payments” is driving innovation in the industry and proving exponentially more attractive to consumers, small businesses and large retailers....

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Is There a Future in E-Franchisee?

As one would expect physical goods retailers are making effort to get online. This holds true to the branded jewelry market in India, where retailers want to go online despite only 10% of branded jewelry sales actually occurring online. Numerous studies and surveys have however reinforced the point that going online is vital to a retailer’s future. 

But for the branded jewelery business, or other businesses that have yet to take a lot of their businesses online, the investment might not be worth the money right now.

India based jewelry company Gitanjali has however taken a new approach to bringing their business online, leasing out their brand to e-franchisees. Those e-franchisees set up an online presence or use an already established one and sell the Gitanjali brand jewelry with Gitanjali’s permission...


Dynamic Signal Raises $13.3 Million

Social CRM provider Dynamic Signal has raised $13.3 million in Series B financing. The new funding brings the total investment in the San Bruno, California-based company to over $21 million. Dynamic Signal’s social media marketing technology helps companies in identifying and collaborating with influential brand advocates.

The latest round was led by venture capital firm Venrock. New investor, Time Warner Investments, joined the round along with existing investors including Trinity Ventures and Cox Enterprises. The company was founded in 2010. 

Dynamic Signal, which is being led by a team of digital media veterans from companies like Adify, comScore, Yahoo, and RealNetworks, plans to strengthen its sales and marketing efforts, and also intends to continue to invest in the overall engineering of services...


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