Linkages

Booting Up: Target Swears That Your PINs Weren’t Stolen and Everything is Fine

#prayers4Target (Photo: Flickr)

It looks like BlackBerry founder Mike Lazaridis won’t pursue a bid for his company as he “severely reduced” his stake in the troubled phone company to just 4.99 percent. [The Verge]

Um, millions of “dogecoins” were stolen in the lamest heist ever. [BuzzFeed FWD]

Taiwan has fined Apple nearly $700,000 for meddling with the prices of its iPhones. [Wall Street Journal]

Target is lashing out at reports that peoples’ PINs were also stoles in last week’s security breach. [CBS New York]

Gyft, a gift card website, claims more people used bitcoins than credit cards on its website during Black Friday. [AdWeek]

Early Holidays

Target, Pinterest Join in Unholy Holiday Union That Will Likely Cost Us Squillions of Dollars

Related: this Target meme that's amassed 180+ pins. (Screenshot: Pinterest)

Target is the store you can’t walk into without dropping $120 on tooooootally necessary housewares, clothes and snacks. And Pinterest is the website you can’t log onto without losing hours of your life in a sea of inspirational quotes and wedding paraphernalia.

So in an act only the most shrewd retail genius could concoct, the two highly addictive brands are joining to create the alpha and omega of holiday shopping. Read More

Lego my LEGOs

Tech Exec Found Guilty of Using Nerd Trick to Steal Legos from Target

(Photo: lego.com)

Back in May, SAP executive Thomas Langenbach was charged with stealing and reselling thousands of dollars worth of Legos. The Valley hotshot used technology developed at SAP to create new barcodes, which he pasted overtop the barcodes of his stolen treasures. The new barcodes were encoded with much lower prices, so he could buy the Legos at a discount and resell them online. With the beloved building blocks he kept, Mr. Lagenbach also assembled a mini Legoland inside his mansion. Read More

Tap It To Me

Retailers Like Walmart, Target, and Best Buy Band Together to Create Yet Another Mobile Payments App

smiley

Before most consumers have gotten around to downloading a single mobile payments app onto their smartphone, a consortium of a big chain stores are preparing to push out yet another alternative. The Wall Street Journal reports that Walmart, Target, 7-Eleven, Best Buy, CVS, Sunoco, and more are in the early stages of developing a horribly-named payments network called Merchant Customer Exchange (MCX), which will let users pay with a tap of their phone.

Rather than go the Starbucks route and partner with Square or follow other national retailers (like Duane Reade, RadioShack, Banana Republic, etc.) into Google Wallet, the group is going rogue, arguing that Google and other telecom providers–AT&T and T-Mobile have a payments app called Isis; Verizon and Vodafone have one as well–don’t understand customers like they do. The retailers behind MCX point out that they have a combined $1 trillion in annual sales and “serve nearly every smartphone user in the U.S.” Read More