Latest E-commerce News: Finextra Research

British businesses battling epidemic of CNP fraud

British businesses were hit by card fraud once every 20 seconds in March, with small businesses being the most popular targets.

15 April 2015

Company update/E-commerce

I2c appoints ex-MasterCard head Stephen Grice general manager, Europe

i2c, Inc., a provider of payment processing and emerging commerce solutions, today announced that Stephen Grice has joined the company as General Manager, Europe.

14 April 2015

Company update/E-commerce

Indian e-commerce outfit Snapdeal buys mobile transactions platform FreeCharge

India’s largest online marketplace, Snapdeal today announced that it has acquired FreeCharge, India’s fastest growing mobile transactions platform.

08 April 2015

Company update/E-commerce

Internet spending accounts for one-third of value of UK card expenditure

New figures published today show that 30 per cent of the value of all spending on cards in January was via the internet, with £15.4bn1 of the £46.5bn total spent in this way.

07 April 2015

Company update/E-commerce

Blippar gets £1.5 million in financing from Barclays

Blippar, the image recognition and mobile augmented reality platform, is getting a £1.5m finance facility from Barclays Bank to support the working capital requirements of the business as it grows.

01 April 2015

News/E-commerce

CBA unveils Albert tablet payment device

Commmonwealth Bank of Australia (CBA) is making a move into the point-of-sale hardware market, teaming up with German tech firm Wincor Nixdorf and Ideo to launch a seven inch Android-based tablet system dubbed Albert.

31 March 2015

News/E-commerce

UK online banking fraud losses soar 48%

Online banking fraud jumped 48% to £60.4 million in 2014, according to figures put together by Financial Fraud Action UK (FFA UK), which blames the rise on malware and confidence tricksters.

27 March 2015

News/E-commerce

Swift London Business Forum to continue discussions on FinTech innovation

Challenger banks will feature heavily in the upcoming Swift Business Forum in London. Craig Donaldson, CEO at Metro Bank UK, is joined by keynote speaker Sir David Clementi, ex-deputy governor of the Bank of England and chairman of Virgin Money.

27 March 2015

News/E-commerce

US mobile banking on the rise - Fed study

Nearly 40% of banked Americans that have mobile phones now use their handsets to access their accounts, according to research from the Federal Reserve Board.

27 March 2015

Company update/E-commerce

Global Payments acquires Realex Payments

Global Payments Inc. (GPN), a leading worldwide provider of payment technology services, announced today the purchase of Realex Payments, one of Europe’s largest and fastest growing payment gateways providing a range of technology services for businesses selling online.

25 March 2015

News/E-commerce

Optimal Payments agrees EUR1.1bn Skrill acquisition

London-listed Optimal Payments has agreed to buy Skrill Group for an enterprise value of around EUR1.1 billion in a deal it says will create a major global player in online payments and digital wallet services.

23 March 2015

News/E-commerce

Alibaba unveils 'smile-to-pay' tech

Chinese e-commerce giant Alibaba is developing facial recognition technology that enables mobile shoppers to replace their passwords with selfies.

16 March 2015

Company update/E-commerce

TA Associates invests in China's YeePay

TA Associates, a leading global growth private equity firm, today announced it has completed an investment in YeePay, a leading payments service provider in China.

16 March 2015

News/E-commerce

Apple Pay shows steep consumer adoption curve

The Apple effect on mobile payments uptake in the US is thrown into relief by a new survey of iPhone 6 users by Auriemma Consulting, which shows that fully 42% have tried Apple Pay, with three quarters of the sample going on to make repeat purchases.

12 March 2015

Company update/E-commerce

Online commerce fraud prevention startup Ravelin secures seed funding

Ravelin, the smarter fraud prevention platform, today announced that it has raised a seed round of investment from Passion Capital.

12 March 2015

News/E-commerce

Alibaba advances on Europe with iwoca and ezbob tie-up

Alibaba has enlisted the help of two UK working capital startups to provide micro-financing to European firms wishing to buy from Chinese suppliers.

11 March 2015

Company update/E-commerce

PPRO to partner Alipay on European payments

Electronic payment specialist, The PPRO Group, will collaborate in Europe with Alipay, China’s leading third-party online payment service, to offer new payment options for online shoppers of AliExpress, a global online marketplace for consumers to buy directly from Chinese businesses.

10 March 2015

News/E-commerce

EPC lays out framework for handling card-not-present transactions

The European Payments Council has drawn up a blueprint for the creation of an interoperable card and terminal infrastructure to handle card-not-present transactions across the Single Euro Payments Area (Sepa).

10 March 2015