E-commerce

1237 articles tagged with this keyword

/crypto

Bank-issued stablecoin used for e-commerce payment

In what is being hailed as a world-first, a bank-issued stablecoin has been used to carry out an e-commerce payment.

/payments

Japan facing credit card number shortage

Japan is running out of 16-digit credit card numbers amid a government effort to encourage electronic payments and a surge in online shopping during the Covid-19 pandemic, according to local press reports.

/payments

Marcus to lead new Facebook Financial unit

Facebook has created a new group, led by David Marcus, to house all of its payments and commerce work, according to Bloomberg.

/regulation

Microsoft tests show SCA leads to checkout abandonment

Strong Customer Authentication (SCA) testing by Microsoft shows that customers are abandoning their purchases at high rates when challenged at the checkout.

/payments

Splitit secures $71.5m

Splitit, the ASX-listed outfit that enables shoppers to pay in instalments via their credit cards, has raised US$71.5 million in a private placement and share purchase plan.

/payments

CVS to introduce PayPal and Venmo QR code payments

US retail giant CVS Pharmacy is set to roll out PayPal and Venmo QR code technology at all of its 8200 stores

/wealth

eToro makes acquisition ahead of debit card launch

Online investment platform eToro has furthered its preparations for the launch of its first debit card by acquiring UK-based e-money platform Marq Millions.

/startups

Mission-driven US investors doubling down on financial health value propositions

Supporting financially stressed customers has become problematic as more and more people experience uncertain income reduction, triggered by the coronavirus pandemic. Emmalyn Shaw, managing partner at Flourish Ventures, a $500 million mission-driven and fintech-focused venture capital firm, highlights to Finextra Research that despite prolonged economic prosperity in the lead up to 2020, the majority of Americans were living month to month and only 29% of US consumers were financially healthy.

/payments

Affirm scores major buy now, pay later deal with Shopify

Credit card alternative Affirm has scored an exclusive deal with e-commerce marketplace Shopify to provide buy now, pay later installment purchases for merchants.

/payments

EC's refusal to delay SCA 'kicking retailers while they're down'

The European Commission's refusal to further delay the introduction of Strong Customer Authentication rules for online transactions could cost merchants up to EUR90 billion in lost sales for 2021 alone, claims payments consultancy CMSPI.

/payments

Card schemes to take Click to Pay standard global

American Express, Visa, Mastercard and Discover are to roll out the online 'Click to Pay' standard globally, having signed up 10,000 merchants in the US since launch in 2019.

/payments

Gambling charity criticises banks' use of card blockers

A gambling awareness charity in the UK has criticised UK banks for failing to properly use technology designed to prevent users from accessing gambling sites via their debit and credit cards.

/payments

Sweden bids to steer customers away from installment payments amid fears over mounting debt

New rules in Sweden to discourage online shoppers from paying with credit could put a dent into the performance of local buy now, pay later company Klarna and other installment-based payment services.

/payments

NatWest uses Open Banking for cardless e-commerce payments

NatWest has launched an open banking-based service that lets customers of multiple lenders make instant online payments to participating retailers, without the use of a debit or credit card.

/crypto

BIS says CBDCs deserve consideration

Central bank digital currencies (CBDCs) "deserve consideration" as an additional means of payment, says a report from the Bank for International Settlements (BIS).

/payments

Thai payments firm Synqa raises $80m

Thai fintech startup Synqa (formerly called Omise) has raised $80 million in a Series C funding round led by SCB 10X and Sparx Group.

/payments

Checkout.com triples valuation on $150 million funding round

E-commerce payments processor Checkout.com has tripled its market valuation to $5.5 billion after banking a $150m Series B funding round.

/security

G+D taps EMV cards for SCA

Giesecke+Devrient has developed a system that lets customers use EMV payment cards and their mobile phones for the upcoming Strong Customer Authentication (SCA) rules.

/payments

Worldpay rolls out Open Banking Hub for account-to-account payments

Worldpay is rolling out a new Open Banking Hub to merchants, enabling users to pay for purchases direct from their bank account, circumventing the need to enter card or account information into a third party site.

/payments

WhatsApp launches payments service in Brazil

Facebook has launched its WhatsApp payments service in Brazil, enabling people to send money and make purchases from within the chat app.