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UK's Online Grocer Ocado Sued Over Patent Claims

PYMNTS

online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. AutoStore said Ocado has been a customer since 2012 and alleged that Ocado's automatic storage system is based on the ones AutoStore is already using, according to Reuters.

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Online Grocer Ocado Acquires Robotics Companies To Drive Automation

PYMNTS

based online grocery, is heightening its automation drive by acquiring two robotics companies. The robotic pick opportunity in online grocery is of huge value to us and our clients globally,” said Tim Steiner , Ocado CEO. Ocado , a U.K.-based This has meant doubling “the pick and pack speeds” of robotic arms at five sites in the U.K.

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From Online Ordering To Cupcake ATMs: How Sprinkles Prepared For The Pandemic

PYMNTS

Sprinkles , a Beverly Hills, California-based confectioner, was as prepared as a QSR could possibly be for the rush to online ordering, payments, pickup and delivery. Sprinkles adopted online ordering nearly a decade ago for custom cakes and catering. One bakery chain had a leg up when the pandemic changed everything.

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AliPay, WeChat Processed $3 Trillion in 2016

Bank Innovation

trillion in total payments through Alibaba’s Alipay service last year, compared to only $70 billion in 2012; Tencent’s WeChat users sent about $1.2 According to a new report released by the UN-based Better Than Cash Alliance, users sent $1.7 trillion in […].

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Credit Karma’s Revenue is Skyrocketing Thanks to Its Free Products

Bank Innovation

Free credit reporting company Credit Karma reported more than $500 million in revenue in 2016 — a 50% increase compared to the prior year — hitting 70 million members since the launch of its flagship product — credit monitoring — in 2012, the company announced this week. What’s the secret to its success?

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Online Ad Biz Neared $50B In Early 2018

PYMNTS

A new report from Interactive Advertising Bureau ( IAB ) shows that the online advertising business continues to grow at double-digit rates. percent CAGR from 2012 to 2018. Year over year, social media revenue was up 37.5 percent from HY 2017, and it continues its half-year growth trends — increases are reflected in the 48.2

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Virginia Sues Online Lender Over Consumer Loans

PYMNTS

Virginia is suing one of the largest online lenders in the U.S. According to the lawsuit, NetCredit provided loans to over 47,000 Virginians going back to 2012. In the newspaper’s story, Attorney General Mark Herring advocated for stronger laws to “protect Virginians from predatory loans, whether issued online or in person.”.

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