E-commerce

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Apacs talks up take-up of online card security schemes

/E-commerce

Apacs talks up take-up of online card security schemes

Cardholder take-up of the MasterCard SecureCode and Verified by Visa online authentication services has increased by 600% over the past two years, according to stats from UK payments group Apacs.

Global payment network council to establish online interoperability

/E-commerce

Global payment network council to establish online interoperability

A group of five payment network operators from Europe and North America are coming together in a bid to establish common standards and rules for global interoperability of online payment networks.

Pre-paid outfit Mint targets Facebook gamers

/E-commerce

Pre-paid outfit Mint targets Facebook gamers

Canadian pre-paid card outfit Mint Technology has become the latest firm to tap Facebook, targeting teenage gamers through the social networking site.

Reserve Bank of Australia looks to halt PayPal rule

/E-commerce

Reserve Bank of Australia looks to halt PayPal rule

The Reserve Bank of Australia (RBA) is looking to halt attempts by online auction house eBay to force sellers in the country to offer PayPal as a payments option on sales listings.

UK online sales to outstrip high street by 2026

/E-commerce

UK online sales to outstrip high street by 2026

Although the UK's high streets have been hit hard by the credit crunch, sales via the Internet are continuing to soar and will eventually account for more than half of all retail transactions by 2026, according to UK comparison site uSwitch.

Paypal names Scott Guilfoyle SVP, platform services

/E-commerce

Paypal names Scott Guilfoyle SVP, platform services

Person-to-person payments outfit PayPal has appointed Scott Guilfoyle as its new senior vice president of platform services.

PayPal launches pre-paid card in UK

/E-commerce

PayPal launches pre-paid card in UK

PayPal has launched a reloadable pre-paid Visa card for the UK market that can be used to pay for purchases in traditional retail stores as well as via the Internet.

Amazon launches online payments services for merchants

/E-commerce

Amazon launches online payments services for merchants

Internet retailer Amazon is taking on PayPal and Google in the e-payments market by launching two new services that enable online merchants to use its payments functionality on their e-commerce sites in the US.

Crunch hit Brits turn to online shopping

/E-commerce

Crunch hit Brits turn to online shopping

Despite the economic gloom, UK online shopping sales in the first half of 2008 were up 38% - to £26.5 billion - on the same period the previous year.

Lords calls for law to make UK banks liable for online fraud

/E-commerce

Lords calls for law to make UK banks liable for online fraud

The UK's House of Lords is calling on the government to make banks legally responsible for losses incurred by customers through electronic fraud.

EBay drops Australian PayPal plans

/E-commerce

EBay drops Australian PayPal plans

EBay has abandoned plans to force Australian customers to use the PayPal service to make payments on its online auction site.

Lloyds TSB slammed for giving Visa debit cards to kids

/E-commerce

Lloyds TSB slammed for giving Visa debit cards to kids

UK high street bank Lloyds TSB has come under fire for issuing Visa debit cards to children as young as 11 without seeking parental consent.

E-commerce booming in Latin America and Caribbean - Visa

/E-commerce

E-commerce booming in Latin America and Caribbean - Visa

Online retail spending by consumers in Latin America and the Caribbean soared 40% in 2007 to hit US$10.9 billion, according to a study commissioned by Visa.

PayPal celebrates 10 years in business

/E-commerce

PayPal celebrates 10 years in business

Ten years after the service was first launched, PayPal says it now processes some $2000 in payments every second and transactions conducted via its system represent about nine per cent of e-commerce globally.

Tech giants team on Internet ID cards

/E-commerce

Tech giants team on Internet ID cards

Google, Microsoft and PayPal are among a group of technology firms that are joining forces to promote the use of virtual online identity cards - rather than user names and passwords - for conducting transactions via the Web.

EU to break down e-commerce borders

/E-commerce

EU to break down e-commerce borders

The European Union (EU) is set to introduce new rules that will crack down on e-commerce companies that conduct business across member states but force customers to make purchases on country-specific Web sites.

EBay delays PayPal move in Australia

/E-commerce

EBay delays PayPal move in Australia

EBay is postponing plans to force its Australian customers to use the PayPal service following the intervention of the country's competition watchdog, but says it will challenge moves to block its new payments policy.

Fraudsters exploiting card verification system

/E-commerce

Fraudsters exploiting card verification system

UK fraud protection specialists The 3rd Man says criminals are exploiting a loophole in a payment verification system used by e-retailers in order to steal goods.

Australian competition watchdog moves to thwart eBay PayPal move

/E-commerce

Australian competition watchdog moves to thwart eBay PayPal move

The Australian Competition and Consumer Commission (ACCC) has moved to scuttle plans by eBay to force customers to use the PayPal service to make payments on its online auction site.

UK Web shopping defies economic downturn

/E-commerce

UK Web shopping defies economic downturn

Despite the economic downturn, online retail spending by UK consumers rose 35% to £14.7 billion in 2007 and is growing at the fastest rate for six years, according to a report by retail analyst Verdict Research.

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