ShopRunner CEO Sam Yagan, one of Time's 100 Most Influential People in the world, had a hand in revolutionizing online dating through both OkCupid and Tinder, and is now looking to take on Amazon's shipping dominance with a new partnership between ShopRunner and Apple Pay.

"I think through OkCupid and Tinder, both of which I was involved with, it was all about using data," Yagan, co-founder of OkCupid and current vice chair of Match Group, explained in a Cheddar interview Wednesday.

"One of the powers of Amazon is they have so much data on you they're able to make these good recommendations," he added.

ShopRunner has a lineup of more than 140 top retailers, including Neiman Marcus and Jimmy Choo. Yagan is betting that combining the power of those kinds of brands with the instantaneous nature of Apple Pay will give shoppers another option besides Amazon.

"One of the best parts about a shipping program is you want the entire experience to be seamless, and of course Apple Pay is the best at having that one-click checkout, so we thought bringing shipping plus seamless checkout together would make a great e-commerce experience"

Yagan would also go on to compare the simple swipe mechanic of the Tinder dating app to what he wants the new partnership to provide consumers.

"The Tinder experience is just so beautiful," Yagan said. "One click to log in, you just start swiping and you're on a date instantly. That's the kind of experience I want to give people in e-commerce."

While ShopRunner has a membership fee, its benefits are free to anyone using Apple Pay where ShopRunner is accepted.

Share:
More In Business
Watchdog Slams IRS Identity Theft Case Delays as “Unconscionable”
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
A.I. Investments Carry Amazon Over $2 Trillion Valuation Threshold
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
Load More