News 

How Birchbox boosted in-app sales by more than 211%

“Now Birchbox uses its app and push notifications to: Not surprisingly, Birchbox pulls out all the stops to segment mobile app users” writes unknown author for businessinsider.com. Birchbox engages customers with a personalized, proactive communications strategy that makes heavy use of its mobile app and push notifications.Birchbox uses both in-app messaging and push notifications in its onboarding stream.On days that Birchbox sends push notifications, the revenues of its mobile app more than triple.Birchbox’s mobile app, like those of many digital retailers, began as a way to replicate the company’s mobile…

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Crypto News 

Coinbase Wants Wall Street to Resolve Its Bitcoin Trust Issues

“A cheer went up in the San Francisco offices of cryptocurrency exchange Coinbase Inc. when bitcoin breached $10,000 in November” writes Lily Katz Rob for bloomberg.com. Three traders who lost money margin-trading on GDAX told Bloomberg they didn’t meet the requirement.More than 10 million customers have used the company since it began, though it recently quit updating the tally on its website.Making Sense of Bitcoin and Its Wild Price Ride: QuickTake Q&A While individual investors make up most of Coinbase’s customers, a handful of institutions drive a majority of trading…

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Markets News 

Monex to launch new AI service for Forex traders

“Japanese online trading company Monex Inc, a subsidiary of Monex Group, Inc. (TYO:8698), is planning its next push into Artificial Intelligence” reports financefeeds.com. The main goal of the new service, whose launch is scheduled for January 2018, is to help Forex traders improve their trading strategy.We have to wait to see whether this technology will be able to solve the riddles of the Forex market too. More than 1,000 patterns of portfolio combinations are available to help customers manage their assets on their own policy.The company has unveiled a partnership with…

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News 

Merger gives ESPN a local strategy to combat its financial woes

“But customers might think twice about dropping their cable packages if it meant losing access to games played by their local teams” reports washingtonpost.com. Thursday’s news release announcing Disney’s deal to acquire a massive package of 21st Century Fox assets was heavy on certain specifics, especially those that deal with the entertainment world.Louis and Detroit — both of which are served by Fox Sports RSNs — the local RSN ranked higher in importance to cable customers than broadcast networks such as NBC, CBS, ABC and Fox. Source: washingtonpost.com Share This:

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Iconic retailer on the brink of extinction

“Barnes & Noble reported a downturn in comparable sales at its stores, saying fewer customers are leaving home to make in-store purchases” writes Sheiresa Ngo for cheatsheet.com. In addition, online sales plunged 12.5% because of a bad site relaunch, reports Fortune.Now that shoppers are spending more time and money online, some retailers are struggling to attract customers to shop at their physical stores. Source: cheatsheet.com Share This:

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News 

Target to buy same-day grocery delivery company Shipt for $550M as it battles Amazon

“The deal will allow Target to offer same-day delivery to customers at about half of its stores by early next year, and a majority of stores before the 2018 holiday season” writes Taylor Soper for geekwire.com. Founded in 2014, Shipt operates in 72 markets and uses 20,000 personal shoppers to help retailers deliver products to customers. Source: geekwire.com Share This:

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B2B Payments Remains Without A Clear Picture Of Faster Payments’ Impact

“As is typically the case with corporate payments, B2B transactions could slowly but surely follow consumer payments trends in faster payments uptake; only time will tell” reports pymnts.com. Another faster payments service in the U.S., Zelle, could be an unexpected focus of corporate payments’ role in payments acceleration.The disbursements via Zelle’s service may not address B2B payments, but it is a step in the direction of enabling corporates to make faster payments. Source: pymnts.com Share This:

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Google slashes prices for its machine learning service as AWS steps up competition

“Google has massively cut prices for its managed cloud machine learning service just two weeks after AWS released a competing offering at its re:Invent user conference” writes Blair Hanley Frank for venturebeat.com. Google’s ML Engine service offers similar functionality, including automatic tuning of algorithm parameters, along with a wealth of prebuilt machine learning systems.The company has introduced massive price reductions for its Cloud Machine Learning Engine managed services.The price reductions come just weeks after Amazon Web Services introduced SageMaker, a service that’s supposed to help developers train and run custom…

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Chipotle’s free queso deal has backfired as people slam the dip as ‘nasty’ and demand the chain kill the menu item

“The free queso deal appears to be a play by the chain to convince customers to try the revamped dip” writes Kate Taylor for businessinsider.com. However, scrolling through social media shows that people are primarily using the deal as an opportunity to slam Chipotle’s queso.On Tuesday, December 12, the chain is offering free queso for customers wearing a “cheesy sweater.”.  However, these customers seem unwilling to give Chipotle’s queso a second chance — even if it doesn’t cost them any money. Source: businessinsider.com Share This:

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You’ll soon be able to watch almost all NFL games online, no matter your Internet provider

“Football fans who want to watch National Football League games online are about to catch a big break” reports washingtonpost.com. Even the Super Bowl will be widely streamed to anyone with an Internet connection, Verizon said. [Why Google and Verizon are suddenly allies on this California privacy bill] Before the deal, watching NFL games online could be difficult.By making professional football games widely accessible online for the first time, Verizon may be beginning to chip away at that argument for keeping cable. Source: washingtonpost.com Share This:

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