e-commerce

After federal lawmakers concluded that Affinion Group preyed on the public, the post-transaction marketer is now asking the public to become an investor. Last month, Stamford, Conn.,-based Affinion filed for an initial public offering.

Affinion said in documents filed with the Securities and Exchange Commission that it is seeking to raise $400 million. According to The Wall Street Journal, Affinion has yet to set a price range or date for its IPO.

Last year, U.S. lawmakers launched an extensive investigation and found that the practices employed by Affinion--as well as … Read more

A sister site of online retailer Zappos.com fumbled more than $1.6 million in the wee hours of Friday morning when a pricing-engine blip inadvertently made every product on that site available for no more than $49.95.

Aaron Magness, director of brand marketing and business development for Zappos Development, said in a blog post that 6pm.com would be honoring purchases made during the glitch, which, he said, took place between midnight and 6 a.m. PT that day.

Touting itself as a bargain retailer of brand name products, 6pm.com features, among other things, a GPS device … Read more

Visa said Wednesday that it will acquire CyberSource, which provides electronic payment and e-commerce security software, for $2 billion.

The CyberSource price tag works out to $26 a share. CyberSource closed at $19.44 on Tuesday. The e-commerce security player has more than 295,000 merchants in its network (CyberSource and Authorize.net).

Visa said it will take CyberSource's products and services and sell them throughout its network, improve its fraud detection capabilities, and grow the customer base. CyberSource CEO Michael Walsh will continue to run the company as a part of Visa.

This story, under the headline "… Read more

It might not be getting as much coverage as the geolocation wars, but the battle for dominance in online daily-deals sites has been brewing ever since some start-ups decided they wanted a piece of leader Groupon's success. The latest development is that a second-tier player in the space, LivingSocial, announced Thursday that it's raised $25 million in a Series B funding round geared strictly toward growth and expansion.

The round was led by U.S. Venture Partners with participation from Grotech Ventures and Revolution, the firm chaired by former AOL CEO Steve Case. The goal with the funding … Read more

The online retail trade in both the U.S. and Western Europe is in store for double-digit growth over the next five years, according to Forrester Research.

The U.S. online retail business is likely to grow 10 percent a year compounded annually, reaching $249 billion by 2014, according to the report "US Online Retail Forecast, 2009 To 2014," released Monday. Online firms in Western Europe, meanwhile, are eyeing an 11 percent annual gain over the next five years, hitting 114 billion euros ($155.7 billion) by 2014, according to a second Forrester report out Monday, "Western … Read more

Even if your PC is equipped with up-to-date anti-malware software, hardware and software firewalls, and other security measures, it can still become infected. The weak link in computer security is the wetware: the human beings who use the machine. And there's simply no fool-proof defense against operator error.

That's why any PC security plan has to assume that eventually, some piece of malware will breach the defenses. And these days, infections can do considerable damage without being detected. Here are five ways — some more practical than others — to reduce the risk of someone stealing the sensitive data on … Read more

Facebook's virtual currency, "Facebook Credits," is getting very close to its full launch: a post on the Facebook developer blog explains some of the full terms of the system and what developers can expect as the currency continues to roll out slowly.

"Today more than 500,000 applications exist on Facebook, and the virtual goods within those applications (particularly games) have become an increasingly valuable part of the user experience," the post explained. "By providing a single, cross-application currency, our goal is to [make] transactions simpler for users, leading to a higher conversion rate … Read more

There's a scene in the 1989 comedy "Troop Beverly Hills" in which rival bands of Wilderness Girls attempt to best one another in a fundraiser by selling boxes of the same cookies to the households of a single upper-crust neighborhood--and unfortunately for the underdog protagonists, their arch-enemies have beaten them to the punch at just about every house. That's what it may soon look like for the explosion of companies offering ultra-discounted, fire-sale daily deals for local businesses, which have fast become the Web's latest retail craze.

Here's how it works. You'll sign … Read more

Here's another one of Facebook's gradual moves into the e-commerce world: The company announced Thursday a "strategic relationship" with eBay-owned payment system PayPal to make its technology available for the purchase of self-service ads as well as the Facebook Credits currency.

"We want to give the people who use Facebook, as well as advertisers and developers, a fast and trusted way to pay across our service," Dan Levy, director of payment operations at Facebook, said in a release. "As our business has grown, offering local methods of payment has become increasingly important for … Read more