Latest E-commerce News: Finextra Research

Tuxedo introduces text top-ups for pre-paid cards

Users of a pre-paid MasterCard from UK firm Tuxedo Money Solutions will soon be able to top up their cards via text message, as part of a new service called 'eccount'.

29 October 2007

News/E-commerce

Card fraud patent to go under the hammer

A patent for software that tackles card not present (CNP) fraud, as well as cross border card fraud, is expected to fetch at least $500,000 when it goes up for auction in Chicago later this month.

16 October 2007

News/E-commerce

Jump in card fraud abroad drives up UK losses - Apacs

A massive rise in fraud committed on UK cards abroad pushed up industry losses in the first half of the year, even though domestic card fraud levels fell during the period, according to industry figures released by payment association Apacs.

03 October 2007

News/E-commerce

Shift to alternative payment options as online transactions soar

The number of online transactions will more than double to reach $355.2 billion by 2012, according to a US study released by Javelin Research & Strategy which also predicts increasing take up "alternative payment methods" such as PayPal.

26 September 2007

News/E-commerce

Telekurs buys card processor 3C from Tele2

Swiss group Telekurs has bought 3C Communications, a Luxembourg-based provider of card payments processing services, from Swedish telecoms operator Tele2 for SKr50 million in cash.

19 September 2007

News/E-commerce

Barclays bids to boost online sales

UK banking group Barclays is using technology from US-based Omniture in a bid to increase conversion rates for inquiries and sales of key products on its Web site.

11 September 2007

News/E-commerce

Online fraud hits 200,000 Brits in 2006

Over two hundred thousand cases of online financial fraud were commited in the UK last year - double the amount of real world robberies - according to a study carried out by criminologists at consultancy firm 1871.

07 September 2007

News/E-commerce

Google patents SMS payments system

The publication of a patent filing has fuelled specualtion that Internet search engine Google is gearing up to launch a payments service, dubbed GPay, that would enable users to pay for purchases using SMS text messages.

03 September 2007

News/E-commerce

UK telcos launch mobile payments system

The UK's major mobile phone operators - Orange, Vodafone, T-Mobile, 3 and O2 - have launched a payment system that allows subscribers to use their handsets to pay for low value purchases.

03 September 2007

News/E-commerce

UK retailers claim victory as MasterCard scraps changes to debit fees

Following sustained pressure from retailers, Mastercard has ditched plans to introduce a new ad valorem fee structure for the launch of its new debit card in the UK.

31 August 2007

News/E-commerce

Tech upgrade takes out Protx payments service

Problems with an IT upgrade at UK online payments processor Protx left thousands of online and mail order merchants unable to take payments yesterday.

02 August 2007

News/E-commerce

Nordea to roll out Todos card readers to e-banking customers

Nordea has contracted with Swedish security vendor Todos Data System for the supply of over a million portable smart card readers which will be rolled out to its Internet banking customers.

08 June 2007

News/E-commerce

PayPal gets banking licence in Europe

Person-to-person payments firm PayPal has been granted a banking licence in Luxembourg and is relocating its European headquarters to the country from London, in a move that will see it escape FSA oversight and multiply the number of Web sites that can offer its service.

15 May 2007

News/E-commerce

WorldPay founder launches voice authentication system

A voice-verified authentication system for mobile and Internet payments has been launched in the UK by Nick Ogden, the founder of online payments operator WorldPay.

30 April 2007

News/E-commerce

Google launches online payments service in UK

Internet search engine Google has launched its Web payments processing service Checkout in the UK.

13 April 2007

News/E-commerce

PayPal approaches 35 million accounts in Europe

US person-to-person payments firm PayPal says it has registered almost 35 million user accounts in Europe.

21 March 2007

News/E-commerce

Stolen credit cards going cheap on the Web

Fraudsters are selling stolen credit card details over the Internet for as little as $1, according to a study conducted by security systems vendor Symantec which also found that other confidential information - including bank account data - is available for just $14.

20 March 2007

News/E-commerce

PayPoint buys Internet payments firm SecPay

UK e-payments outfit PayPoint has acquired SecPay Limited, a provider of online payment processing services, for a net purchase consideration of £12 million in cash.

26 February 2007