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eBay has purchased Hunch, a data analysis firm, in an attempt to improve recommendations for its web-based store. Hunch founders Chris Dixon, Tom Pinckney, and Matt Gattis will stay at eBay in New York, said a Thursday report. Financial details weren't revealed.
PayPal will open a popup store in the trendy Tribeca neighborhood in Manhattan to showcase its point-of-sale features. PayPal will invite local merchants to visit the store, located at 174 Hudson, to see real-time demos of the company's payment processing technology for bricks and mortar stores. The store also features a QR code on the storefront window so pedestrians can learn more about the new payment options. In addition to handling payments, PayPal's new system is expected to allow consumers to check inventory in real-time, and provide location-aware and in-store offers from stores.
Auction website eBay on Thursday revealed it bought mobile payment provider Zong for $240 million. It did so to reach four billion cell phone users as it already has PayPal for browser-based auction payments. Zong allows users to pay for their eBay purchases through their monthly cell phone bill.
