Latest E-commerce News: Finextra Research

UK set to make 120 million payments a day by 2024

Brits will make 120 million payments a day by 2024, as a steep decline in the use of cash is offset by the rise of contactless cards and the Faster Payments service, predicts an industry trade association.

15 October 2015

News/E-commerce

MasterCard brings Safety Net hacker-fighting tool to Europe

MasterCard has brought its Safety Net technology, which taps into the card giant's global network to help protect banks and payment processors from hackers, to Europe.

15 October 2015

News/E-commerce

China and India drive non-cash payments growth

Global non-cash payments volumes are expected to increase by nearly nine per cent in 2014, as massive emerging markets such as China and India begin to go electronic and mobile money takes off in developed countries, according to the latest annual World Payments Report from Capgemini and Royal Bank of Scotland.

06 October 2015

News/E-commerce

From biometrics to one-time passcodes, MasterCard preps Identity Check suite

MasterCard is rolling out a suite of card security measures for online commerce - from 'pay by selfie' biometrics to SMS-delivered one-time passwords - under the brand Identity Check.

06 October 2015

News/E-commerce

BNP Paribas to pilot cards with dynamic CVV codes

BNP Paribas has become the latest French bank to pilot Oberthur's OT Motion Code technology, replacing the three-figure CVV code on the rear of a card with a small screen display that automatically changes periodically.

02 October 2015

News/E-commerce

Payments firm Adyen scores funding at $2.3bn valuation

An investment fund backed by some of Silicon Valley's biggest names, including Mark Zuckerberg and Jack Dorsey, has put money into Adyen in a deal that sees the Dutch payments processing firm valued at $2.3 billion.

30 September 2015

News/E-commerce

US gears up for EMV switch deadline

Despite the fact that the majority of Americans still do not have EMV payment cards ahead of tomorrow's deadline for a switch from magstripe, an industry taskforce insists that the migration is "on track".

30 September 2015

News/E-commerce

Alibaba takes 40% stake in India's Paytm

Chinese e-commerce conglomerate Alibaba and its financial services subsidiary Ant Financial have made a further investment in Indian mobile commerce network Paytm, raising its stake in the booming business to 40%.

29 September 2015

News/E-commerce

WorldPay to press ahead with IPO

UK payment processor WorldPay is to press ahead with a flotation on the London Stock Exchange, snubbing a potential £6.6 billion takeover offer from French outfit Ingenico.

18 September 2015

News/E-commerce

Banks are key in the move towards mass mobile payments - VocaLink

One-in-two people are more likely to use a new mobile payment method if it comes from a bank, according to a study by VocaLink.

09 September 2015

News/E-commerce

Standard Chartered makes big investment in Chinese P2P lender

A Chinese peer-to-peer lending platform has attracted more than $200m in funding, led by Standard Chartered in what it claims is the first time a major commercial bank has invested directly in a Chinese internet finance company.

25 August 2015

News/E-commerce

Android Pay could launch this week

Google could launch Android Pay in the US this week, beating rival Samsung to the punch, according to notices distributed to McDonald's restaurants.

24 August 2015

News/E-commerce

PayPal buys 'contextual commerce' startup Modest

PayPal has bought Modest, a 'contextual commerce' startup run by two former senior tech leads on Barack Obama's re-election campaign. Financial terms of the deal have not been disclosed.

20 August 2015

News/E-commerce

Coinify grows merchant base with acquisition of rival Coinzone

Denmark's Coinify has acquired rival Dutch processor Coinzone in a bid to create a pan-European provider of bitcoin-to-fiat payment processing for online merchants and PSPs.

13 August 2015

News/E-commerce

Just one in ten Americans have received chip cards - poll

America's migration from mag-stripe to EMV is failing to pick up momentum, with just one in 10 people receiving new chip-enabled cards, according to a new poll.

07 August 2015

News/E-commerce

Swiss banks join SIX and Swisscom to push mobile payments to the high street

SIX and Swisscom are collaborating with Swiss banks to introduce a universal mobile payment service for online and offline transactions nationwide.

05 August 2015

News/E-commerce

Hong Kong telco HKT launches SIM-based mobile wallet

Hong Kong network operator HKT has launched Tap & Go, a SIM-based mobile payments service for online, P2P and contactless instore transactions.

28 July 2015

News/E-commerce

Stripe lands new funding; signs deal with Visa

Hot payments startup Stripe has landed a new round of funding from investors including American Express, Visa and Sequoia Capital, valuing the San Francisco-based company at $5 billion.

28 July 2015

News/E-commerce

Card fraud rises across Europe - ECB

The European Central Bank (ECB) has reported an eight percent increase in fraud among cards issued or acquired within the Single Euro Payments Area (Sepa) for 2013.

22 July 2015

News/E-commerce

First Data prepares for multibillion dollar listing

Payments processor First Data has filed for an IPO that could be worth billions, just eight years after the company went private in one of the biggest leveraged buy-outs ever seen.

21 July 2015