Latest E-commerce News: Finextra Research

Web creator Tim Berners-Lee duped by online fraudsters

On the 20th birthday of the World Wide Web, its creator, Tim Berners-Lee has revealed he is among the millions of users to have fallen victim to online scammers.

16 March 2009

News/E-commerce

Ebay looks to double PayPal revenue

With its core business stagnating, online auction house eBay has outlined plans to turn its attention to the fast-growing PayPal, which is expected to double revenues within three years.

12 March 2009

News/E-commerce

Bank of America 'online mall' targets crunched online shoppers

Bank of America is looking to attract recession-hit customers with the launch of a new Web site that allows users to earn cash back on purchases at a host of online retailers.

10 March 2009

News/E-commerce

Moneybookers put up for sale - FT

European online payments outfit Moneybookers has been put up for sale by Bahrain-based private equity group Investcorp, according to the Financial Times.

09 March 2009

News/E-commerce

Zuora introduces subscription billing for Facebook apps

Subscription billing and payments start-up Zuora has launched Z-Commerce for Facebook, a tool that lets developers charge for applications on the social networking site.

03 March 2009

News/E-commerce

Security fears scaring consumers off the Web - survey

Security fears are stunting the growth of e-commerce in the UK, with refusenik consumers citing media scare stories and personal accounts of online credit card fraud as reasons for not shopping on the Web.

12 February 2009

News/E-commerce

Apacs disputes erroneous CPP card fraud claims

Over 12 million Brits - one in four of the population - have fallen victim to credit or debit card fraud, according to a report from life assistance company CPP. However the figures - initially presented as a year-on-year number - have been labelled "wildly out of line" by payments association Apacs.

29 January 2009

News/E-commerce

Obopay launches payments widgets

California-based mobile payments outfit Obopay has launched three widgets that can be simply attached to Web pages to make it easy to send and receive money online.

13 January 2009

News/E-commerce

EBay adds Paymate and Moneybookers as payments options

Online auction site eBay is adding two new approved payments methods for its US customers after striking deals with Australia's Paymate and UK-based Moneybookers.

09 January 2009

News/E-commerce

Visa introduces SMS one-time passwords for online shopping

Visa has partnered with banks in China and Taiwan to introduce an SMS-based one-time password system for cardholders to authenticate themselves when making online purchases.

17 December 2008

News/E-commerce

Dubai police arrest gang over £40m card fraud

Police in Dubai have arrested three men accused of stealing more than Dh223 million (around £40 million) after obtaining credit card information used in online transactions.

16 December 2008

News/E-commerce

Voice Commerce launches biometric payments system for TV advertisers

UK start-up Voice Commerce Group has launched a payments processing service for TV and IPTV advertisers that lets customers phone up and buy products by 'signing' for the transaction with their voice.

15 December 2008

News/E-commerce

US e-tailers to lose $4bn to fraud in 2008 - CyberSource

US e-commerce merchants expect online fraud to cost them a record $4 billion this year, up from $3.7 billion in 2007, according to a survey from electronic payments outfit CyberSource.

10 December 2008

News/E-commerce

Black Friday marked by steep rise in online fraud activity

Attempted online fraud on Black Friday - the day after Thanksgiving and one of the US's busiest shopping days - was up 40% on the previous year, according to Retail Decisions (ReD).

04 December 2008

News/E-commerce

Ukash launches in South Africa

Ukash, a digital money outfit that provides pre-paid coupons that can be redeemed for online products and services, is launching in South Africa as it looks to tap the country's large unbanked population.

27 November 2008

News/E-commerce

UK online bankers think security threat is rising - survey

Over 60% of Brits who bank online believe they face a greater security threat now than when they first signed up to the service, according to a poll for vendor Xiring.

26 November 2008

News/E-commerce

PayPal introduces SMS-based authentication

Person-to-person online payments outfit PayPal has introduced an optional SMS text message-based two factor authentication system for customers logging into their accounts.

24 November 2008

News/E-commerce

PayPal extends global reach

Person-to-person online payments outfit PayPal has launched localised sites in Mexico, Hong Kong and Singapore, enabling customers to conduct transactions in their local currencies.

20 November 2008

News/E-commerce

Alternative payment methods stealing market share from bank cards online - study

Consumers shopping online are increasingly turning away from traditional financial institution-controlled credit and debit cards to embrace cash-based alternative payment options, according to an analysis by US-based Javelin Strategy & Research.

11 November 2008

News/E-commerce

Ukash partners Spain's Telefónica to issue digital cash at phone kiosks

Ukash has inked a deal with Spanish telecommunications giant Telefónica which will see the digital money outfit's vouchers available 24 hours a day from 70,000 telephone kiosks across the country.

31 October 2008