E-commerce

1184 articles tagged with this keyword

/security

New security measures could block one-third of online EU purchases

New European rules on Strong Customer Authentication (SCA) could block more than one-third of online purchases and cost merchants more than $100 billion in lost sales, according to an analyis by payments consultancy CMSPI.

/retail

Tink selects OpenWrks aggregation platform

Swedish open banking outfit Tink has purchased the aggregation platform of UK firm OpenWrks in a bid to further expand its European presence.

/wholesale

The fintech barbarians are no longer at the gate - they’ve been invited inside

The paradigm of challengers and incumbents should be revisited in the light of widespread collaboration between the two, according to Tony McLaughlin of Citi and Mike Massaro, CEO of Flywire.

/payments

Affirm raises $500m

Affirm, Max Levchin's buy now, pay later credit card alternative, has raised $500 million in a Series G funding round led by GIC and Durable Capital Partners.

/crypto

Lagarde makes case for digital euro

The president of the European Central Bank, Christine Lagarde, has suggested that the Euro Zone's central bankers are close to making a decision on whether to press ahead with the development of a central bank digital currency (CBDC).

/payments

PSP Mollie raises €90 million

Dutch payments services provider Mollie has raised €90 million in growth financing in a Series B round led by venture capitalist TCV.

/payments

PayPal introduces interest-free buy-now-pay-later product

PayPal has launched Pay in 4, a short-term interest-free buy-now-pay-later instalment offering for merchants in the US.

/crypto

Bank-issued stablecoin used for e-commerce payment

In what is being hailed as a world-first, a bank-issued stablecoin has been used to carry out an e-commerce payment.

/payments

Japan facing credit card number shortage

Japan is running out of 16-digit credit card numbers amid a government effort to encourage electronic payments and a surge in online shopping during the Covid-19 pandemic, according to local press reports.

/payments

Marcus to lead new Facebook Financial unit

Facebook has created a new group, led by David Marcus, to house all of its payments and commerce work, according to Bloomberg.

/regulation

Microsoft tests show SCA leads to checkout abandonment

Strong Customer Authentication (SCA) testing by Microsoft shows that customers are abandoning their purchases at high rates when challenged at the checkout.

/payments

Splitit secures $71.5m

Splitit, the ASX-listed outfit that enables shoppers to pay in instalments via their credit cards, has raised US$71.5 million in a private placement and share purchase plan.

/payments

CVS to introduce PayPal and Venmo QR code payments

US retail giant CVS Pharmacy is set to roll out PayPal and Venmo QR code technology at all of its 8200 stores

/wealth

eToro makes acquisition ahead of debit card launch

Online investment platform eToro has furthered its preparations for the launch of its first debit card by acquiring UK-based e-money platform Marq Millions.

/startups

Mission-driven US investors doubling down on financial health value propositions

Supporting financially stressed customers has become problematic as more and more people experience uncertain income reduction, triggered by the coronavirus pandemic. Emmalyn Shaw, managing partner at Flourish Ventures, a $500 million mission-driven and fintech-focused venture capital firm, highlights to Finextra Research that despite prolonged economic prosperity in the lead up to 2020, the majority of Americans were living month to month and only 29% of US consumers were financially healthy.

/payments

Affirm scores major buy now, pay later deal with Shopify

Credit card alternative Affirm has scored an exclusive deal with e-commerce marketplace Shopify to provide buy now, pay later installment purchases for merchants.

/payments

EC's refusal to delay SCA 'kicking retailers while they're down'

The European Commission's refusal to further delay the introduction of Strong Customer Authentication rules for online transactions could cost merchants up to EUR90 billion in lost sales for 2021 alone, claims payments consultancy CMSPI.

/payments

Card schemes to take Click to Pay standard global

American Express, Visa, Mastercard and Discover are to roll out the online 'Click to Pay' standard globally, having signed up 10,000 merchants in the US since launch in 2019.

/payments

Gambling charity criticises banks' use of card blockers

A gambling awareness charity in the UK has criticised UK banks for failing to properly use technology designed to prevent users from accessing gambling sites via their debit and credit cards.

/payments

Sweden bids to steer customers away from installment payments amid fears over mounting debt

New rules in Sweden to discourage online shoppers from paying with credit could put a dent into the performance of local buy now, pay later company Klarna and other installment-based payment services.