Kickstarter Looks to Wash Hands of Broken Promises

Updates terms of service to include lawsuit clause

Less than a week after the Federal Trade Commission updated its requirements for online retailers, which must provide refunds when goods and services aren’t delivered in a timely fashion, Kickstarter today…

PayPal Accepts Bitcoin for Games, Ringtones and Music Purchases

Is anonymous currency going mainstream?

PayPal has dipped another toe into the uncertain waters of virtual currency by announcing that its customers can use Bitcoins to pay for digital music, games and ringtones. Those payments won't…

On the Day of Its IPO, Here's What Americans Think Alibaba Is [Video]

New Yorkers give their best guesses

The Alibaba Group is having its initial public offering today. There is no question the "Amazon of the East" is set to make several people wealthy, including co-founders Jack Ma…

Can Apple Win Over Retailers With Its Digital Wallet?

Walmart already is snubbing Apple Pay

Launching a revolutionary digital wallet is going to prove challenging even for Apple as it lobbies retailers large and small to invest in the technology. Just two days after Apple debuted…

Braintree, eBay's Payment Processing Company, Plans to Accept Bitcoin

A victory for digital currency

Braintree will start accepting Bitcoin as a valid currency soon, The New York Times reported this week. The payment processing company, purchased by eBay last year, announced its plans at the TechCrunch…

Amazon Sponsored Links Seen as Direct Threat to Google AdWords

E-commerce giant tapping its data for ads

Amazon is taking control of its own advertising. The e-commerce giant has developed Amazon Sponsored Links to deliver ads on its properties based on keywords users search while shopping online,…

Peer-to-Peer Digital Banks Are Lending Billions of Dollars

Trend grows in U.S. and U.K.

A recent Fitch Ratings report shows that the peer-to-peer (P2P) digital banking space has become a billion-dollar industry and is growing fast.  The largest P2P lenders in the world include Lending Club…

AppNexus Picks Up $60 Million, as Valuation Grows to $1.2 Billion

Funding to help to further global presence

AppNexus has picked up $60 million in funding from a "large, Boston-based public equity and asset management firm," per a statement from the ad-tech company, which also revealed that an…

Gilt Co-Founder Leaves for Startup

Alexandra Wilkis Wilson will take over as Glamsquad chief

Gilt Groupe co-founder Alexandra Wilkis Wilson is leaving her role at the company she helped nurture from a startup idea to a global enterprise to become co-founder and CEO of…

Yelp Faces Lawsuit Over Fraudulent Reviews

Suit alleges executives sold over $81 million of stock before news depressed price

Yelp Inc. and its executives were accused of selling $81 million of artificially-inflated stock while "deceiving shareholders about the quality of consumer reviews on its website," Reuters reported yesterday. The class-action…