U.K. fines Ticketmaster over data security; Shopify adds a 'store gift'
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The U.K.'s Information Commissioner's Office has fined Ticketmaster UK about $1.5 million for data security violations.
The ICO says personal information and payment details were stolen from more than nine million consumers in Europe in 2018 due to a cyberattack on Ticketmaster's site, reports Yahoo.
The weakness was in a third-party chatbot that was on Ticketmaster's payment site. The attacker used the chatbot to steal payment credentials, with Barclays and Monzo card customers among the victims. These and other institutions alerted Ticketmaster, which did not start monitoring the page for nine weeks, according to the ICO. Ticketmaster plans to appeal the fine.
Shopify has released a feature that allows people to buy an online storefront for a family member or friend they know is interested in developing a new store or product.
Called Gift a Business, it's available through Shopify's Exchange Marketplace and includes a pre-built Shopify e-store. The product is scheduled to launch this week and is available through the holiday season.
Shopify envisions the product for a work-from-home or quarantine culture, in which people have come up with new ideas for online businesses, or have products they can sell online, reports SmallBizTrends.
All that glitters
London fintech Glint Pay has raised about $3 million through a mix of private investors and the U.K. government's Future Fund.
Consumers use Glint's app to store, spend and save gold. It plans to use the funding to expand its consumer base with a goal of reaching 140,000 users, reports Finextra. The firm has also launched a P-to-P feature that allows transfers of gold between individuals.
It's a comeback for Glint, which went into administration in 2019 for several months before raising about $7 million, according to Finextra.
Passport and visa service firm Peninsula Visa will support bitcoin payments, using Coinbase's merchant payment unit.
The initial services are fees for passport renewals, name changes and second passports, explains Coindesk. Payments for more general passport and visa charges will be added next year.
While international travel is largely stunted due to the pandemic, Peninsula Visa is preparing for a renewal with a digital payments option, learning into another pandemic trend toward digital commerce.
From the web
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Few companies have benefited more from the e-commerce shopping boom sparked by the pandemic than Dutch payments firm Adyen NV.
KKR, Rakuten to acquire most of Walmart’s stake in Japanese supermarket chain Seiyu
TECHCRUNCH | Monday, November 16, 2020
Walmart announced today it will sell most of its shares in Seiyu, the Japanese supermarket chain it acquired 12 years ago, to KKR and Rakuten. The deal values Seiyu at about $1.6 billion and means Walmart will almost completely exit its operations in Japan.
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DoorDash has become the go-to delivery choice for millions of people cooped up during the pandemic this year. Now it has filed an S-1, revealing its financials as it nears a long-intended IPO. These innards show an exciting business — and a larger story about how the year is going for tech companies in general.
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