Latest E-commerce News: Finextra Research

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

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

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

News/E-commerce

Card schemes band together for one-click payments button

American Express, Discover, Mastercard and Visa are rolling out interoperable one-click checkouts at select e-commerce sites across the US, eliminating the laborious and repetitive key-entry of personal account numbers and information when shopping online.

22 October 2019

News/E-commerce

Citi partners with WorldLink to enhance supply chain offering

Citi’s Treasury and Trade Solutions (TTS) has strengthened supplier finance offerings in partnership with the bank's internal platform WorldLink, allowing clients to transact and settle across multiple major currencies in the US with plans to expand globally.

21 October 2019

News/E-commerce

SCA – no more kicking the can down the road

With the EBA announcing a revised deadline for migration to Strong Customer Authentication (SCA) of December 31st 2020, how have industry players reacted and what now needs to happen make the transition a success?

18 October 2019

News/payments

French payment processor Lemon Way raises EUR25m

Lemon Way, a Paris-based payment processor for e-commerce marketplaces, has secured a EUR25 million investment from Toscafund Asset Management.

17 October 2019

News/E-commerce

Kazakh fintech shelves London IPO

In a sign of growing uncertainty in sections of the global fintech market, a Kazakhstan-based payments startup has pulled its plan to float on the London Stock Exchange

07 October 2019

News/E-commerce

New fintech envoy appointed for Northern Ireland

A top executive of a data analytics company has been hired as the UK government's new fintech envoy for Northern Ireland

07 October 2019

News/startups

'Fintech-as-a-service' platform Rapyd raises $100m

Rapyd, a fintech-as-a-service' platform that enables businesses and consumers to pay or be paid however they choose for local and cross-border e-commerce transactions, has closed a $100 million funding round led by Oak HC/FT and joined by Stripe.

01 October 2019

News/payments

81% of banks would collaborate with fintech partners to execute digital transformation - Finextra

At EBAday 2019, hosted by Finextra in association with the EBA, it was revealed that 81% of banking executives would collaborate with partners to execute digital transformation most effectively.

01 October 2019

News/E-commerce

Alibaba acquires a third of Ant Financial

Chinese e-commerce conglomerate Alibaba has acquired a 33% stake in banking behemoth Ant Financial, strengthening ties between the two Internet giants.

24 September 2019

News/E-commerce

Sibos 2019: Post-snub insights from LSE and HKEX

After the London Stock Exchange snubbed Hong Kong’s $36.6 billion buyout bid earlier this month, day two of Sibos 2019 in London kicked off with PwC’s Jeremy Grant engaging in fireside chats with both LSE CEO David Schwimmer and HKEX CEO Charles Li.

24 September 2019

News/payments

Stripe raises $250m at $35bn valuation

Payments juggernaut Stripe is now valued at $35 billion thanks to a $250 million funding round joined by General Catalyst, Sequoia, and Andreessen Horowitz.

19 September 2019

News/E-commerce

Barclaycard finds that SCA has had no initial impact on transactions

Early transaction data from Barclaycard following the introduction of Strong Customer Authentication (SCA) rules finds that merchants have not seen an increase in abandoned transactions or declined payments, contrary to popular expectations.

18 September 2019

News/E-commerce

Ambitious P27 project grows team for next phase

Nordic bank-backed P27 is undertaking a recruitment drive as it puts together the building blocks for a proposed 2021 go-live of its real-time, cross-border payment project.

10 September 2019

News/E-commerce

Chinese official voices digital coin plans

More details have emerged around China's plans to issue its own digital coin following a lecture given by a senior official at the central bank.

06 September 2019

News/E-commerce

M-Payment firms form Euro association

Seven mobile payment firms covering more than 25 million registered users are clubbing together to form the European Mobile Payment Systems Association (EMPSA) which its members say will foster collaboration and facilitate international payments.

03 September 2019

News/E-commerce

Visa launches security suite

Visa has unveiled a suite of new security services and capabilities to detect and disrupt fraud threats targeting banks and merchants.

21 August 2019