Latest E-commerce News: Finextra Research

Checkout.com hit by over £100 million in losses

Payments platform Checkout.com has reportedly suffered a £100.5 million loss in its UK company.

16 February 2024

Klarna rolls out autofill consumer verification data service

Klarna has rolled out a new service for customer data sharing with merchants, enabling a smoother checkout process and personalised offers for users.

14 February 2024

Company update/payments

Nuvei launches omnichannel payments tech

Nuvei Corporation, the Canadian fintech company, announces today that it is launching its enhanced omnichannel payments solution for merchants and platforms. Nuvei’s unified commerce offering, which is now available to customers operating outside of North America for the first time, is enabling businesses to develop new customer payments experiences with greater control and unified analytics effortlessly.

07 February 2024

News/payments

Citi taps ChargeAfter for POS instalment loan product

Citi Retail Services has picked technology from embedded lending platform ChargeAfter to power its products that let merchants offer credit and instalment loans at the point of sale.

06 February 2024

Company update/payments

Nuvei teams up with Cash App

Nuvei Corporation (“Nuvei” or the “Company”) (Nasdaq: NVEI) (TSX: NVEI), the Canadian fintech company, announces today that is has partnered with Cash App, a fast and simple payment method that enables U.S. customers to make online payments either by scanning a simple QR code or by tapping Cash App Pay during the checkout process.

01 February 2024

News/retail

Amazon and SellersFi partner to offer sellers credit lines

Amazon is teaming up with SellersFi to offer sellers on its platform credit lines of up to $10 million.

31 January 2024

News/payments

Amazon Mexico adds Kueski BNPL payment option

Amazon has added buy now, pay later outfit Kueski as a payments option for shoppers in Mexico.

29 January 2024

News/identity

Mastercard bids to kill passwords with new biometric service

Mastercard is hoping to consign passwords to the history books with a new biometric authentication service.

26 January 2024

News/payments

PayPal unveils AI-based products

PayPal has unveiled a host of new AI-driven features for the new year but the plans failed to convince the market, with the payment giant's shares down more than four per cent in afternoon trading.

25 January 2024

Company update/security

Bold Commerce unveils biometric checkout

Bold Commerce, the headless checkout company for leading omnichannel retailers and DTC brands, today announced the launch of its first biometric checkout powered by Wink.

25 January 2024

News/payments

Citi unveils browser extension to help shoppers find online offers

Citi has launched a free desktop browser extension that helps cardholders search for offers and coupons at thousands of online merchants.

24 January 2024

Company update/payments

Accept Cards becomes employee owned

Leading payments broker Accept Cards - which works with more than 260 accountancy and financial services firms in the UK - has become employee owned, with all the shares transferring to an Employee Ownership Trust (EOT).

19 January 2024

News/payments

India partners Google Pay to take UPI global

India's NPCI is joining forces with Google Pay to bring its hugely popular Unified Payments Interface (UPI) to other countries.

17 January 2024

Company update/payments

Adyen forms partnership with Iceland's Straumur

Adyen, the global financial platform of choice for leading companies, is pleased to announce that the company is entering a partnership with Straumur, a subsidiary of Kvika. Straumur is a payment provider that processes payments in several verticals on the Icelandic market, including but not limited to grocery stores, restaurants, pharmacies and gas stations.

04 January 2024

News/payments

Blackstone buys majority stake in Sony Payment Services

Japan's Sony Bank has offloaded a majority stake in its payments business to private equity funds managed by Blackstone.

03 January 2024

Company update/payments

Ebanx integrates Botón Bancolombia

Ebanx, global fintech company specializing in payment solutions for rising economies, announced the direct integration of Botón Bancolombia, a payment method created by Bancolombia bank, to be part of its array of available payment methods in Latin America.

15 December 2023

Company update/security

AmEx upgrades to SafeKey 2.3 Protection for safer shopping on consoles and speakers

American Express (NYSE: AXP) today announced it is expanding Card Member and Merchant protection by launching SafeKey® EMV® 3-D Secure 2.3 capabilities. American Express is the first network to upgrade to SafeKey 2.3, underscoring its commitment to providing a secure checkout experience.

15 December 2023

News/payments

Amazon ditches Venmo

Shares in PayPal fell on Thursday after Amazon said it was removing Venmo as a payment option.

07 December 2023

Company update/people

PayPal appoints Suzan Kereere president, global markets

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the appointment of Suzan Kereere as President, Global Markets, effective January 1, 2024.

06 December 2023

Company update/payments

ISX Financial's PaidBy checkout product goes live for Wix merchants

ISX Financial EU Plc, the developer of PaidBy®, the specialist open banking payment platform has partnered with Wix Ltd (NASDAQ: WIX), a leading global SaaS platform to create, manage and grow online presence.

05 December 2023