Latest E-commerce News: Finextra Research

PayPal to buy online rewards platform Honey for $4bn

PayPal has agreed its largest ever acquisition - a $4 billion deal to buy Honey Science Corporation, the firm behind a browser extension and app that helps people find online shopping rewards and deals.

20 November 2019

News/cloud

Preparing for 2020: The impact of the cloud on B2B payments

By 2020, US business to business (B2B) payments are expected to reach $23.1 trillion according to Deloitte. This is driven by cloud technology, which is accelerating the digital transformation of the payments industry, providing customers with a myriad of convenient payment methods.

15 November 2019

News/payments

Alipay target: Serve 10m European SMEs by 2024

Alipay has set a target of supporting 10 million small to medium sized businesses in Europe over the next five years with new payment innovations and partner programmes.

14 November 2019

News/payments

Facebook Pay consolidates payments across apps

Facebook is taking on Venmo, Apple Pay and others with a consolidated payments service that works across its main app, Messenger, Instagram and WhatsApp.

12 November 2019

News/E-commerce

FCA's new rules on Buy Now Pay Later come into force

The UK Financial Conduct Authority's new rules in the Buy Now Pay Later (BNPL) market come into force today, a move which the regulator believes will save consumers around £40-60 million a year in interest payments.

12 November 2019

News/retail

M&S woos Christmas shoppers with buy now, pay later programme

High street retailer Marks & Spencer is to offer customers a buy now, pay later option on online purchases over £30 in the run up to the busy festive season.

08 November 2019

News/E-commerce

Google Pay will now work with all banks after Curve integration

UK fintech Curve is now allowing its users with Android-operating devices to shop with Google Pay.

07 November 2019

News/E-commerce

Will trust woes undermine Open Banking under PSD2?

In a roundtable discussion held Wednesday in London hosted by digital payments firm PPRO, industry leaders met to explore the impact PSD2 has imposed on key players in Open Banking and the changes needed to achieve the regulation’s objective in 2020 and beyond.

06 November 2019

News/E-commerce

JPMorgan targets ecommerce and gig economy firms with e-wallet

JPMorgan Chase has moved to bolster its valuable wholesale payments business by building an e-wallet that lets e-commerce and gig economy firms such as Amazon and Airbnb offer their customers virtual bank accounts.

06 November 2019

News/payments

Visa invests in ultrasonic data transmission firm

Visa has made a strategic investment in Lisnr, an ultrasonic data transmission specialist offering an alternative to NFC and QR code-based mobile payments. The size of the investment has not been disclosed.

05 November 2019

News/E-commerce

Riskified announces $165 million funding

Payments and fraud-prevention company Riskified has announced today its Series E funding round of $165 million, pushing its value beyond $1 billion.

05 November 2019

Company update/E-commerce

Moorwand launches acquiring service for online merchant sales

Moorwand, a dedicated BIN sponsor that turns compliance into a competitive advantage, has today launched its online acquiring solution for customers – banks, fintechs, processors, PSPs and merchants – across Europe.

05 November 2019

News/payments

PayPal Ventures invests in Japanese instant credit firm Paidy

Paidy, a Japanese instant credit startup, has raised $83 million in a Series C extension joined by PayPal and secured an additional $60 million in debt financing.

01 November 2019

News/security

Money 20/20: Fusion centres are the future of fraud prevention

Security executives have a bigger seat at the table when making product decisions in the world of faster payments and online account origination. At Money 20/20 USA, industry experts discuss how technical knowledge and business issues need to be married to truly meet the realities of digital transformation and prevent fraud.

29 October 2019

Company update/payments

Samsung Pay partners Lyft on rewards

At Samsung, we’re always striving to bring powerful, fun experiences to Galaxy fans—and that often involves bringing the capabilities of other industry leaders into the Galaxy ecosystem.

29 October 2019

Company update/security

Vesta partners with CredibanCo to promote secure e-commerce in Colombia

Vesta, a pioneer in guaranteed payment and fraud technologies, has partnered with CredibanCo, a 48-year-old leading electronic payments company in Colombia, to launch Vsafe in the Colombian market.

29 October 2019

News/E-commerce

Globalisation of payments highlights need for new standards of governance

2020 will see a development in the standards governing the flow of money to match the increased globalisation of payment processing, according to Deloitte.

28 October 2019

Company update/E-commerce

Romanian cashback startup Beez launches in UK

Beez, which is an API-based platform, powering a web app and two mobile apps designed for people who shop online with credit cards, rewards shoppers with cashback, which research [source: Buzzing Facts] confirms is the most popular reward amongst credit card holders, as part of the Beez mission to disrupt the sector from the ground up.

28 October 2019

News/payments

Money 20/20: The Chinese payments space is a critical enabler for e-commerce

Shining the spotlight on Asia, key trends defining China’s place in the global e-commerce space are discussed in sessions at Money 20/20 USA’s Leadership Lodge, diving deep into how fintech firms are adapting to deliver broader, yet innovative services to support a diverse range of merchants with cross-border payments.

28 October 2019

Company update/payments

Visa completes acquisition of Rambus payments portfolio

Visa announced that it has completed the acquisition of the token services and ticketing businesses, formerly Bell ID and Ecebs LTD, from Rambus (NASDAQ: RMBS), a premier silicon IP and chip provider dedicated to delivering data faster and safer.

22 October 2019