Latest E-commerce News: Finextra Research

In wake of EMV switch, US e-commerce fraud soars

As the US finally made the switch to EMV chip cards, last year saw e-commerce fraud rates jump by 33%, according to data from Experian.

30 March 2017

News/E-commerce

Samsung Galaxy S8 to use facial recognition for payments - Bloomberg

Samsung's new Galaxy S8 flagship handset will use facial-recognition technology to verify payments, according to Bloomberg.

16 March 2017

News/E-commerce

First Data boosts e-commerce biz through Acculynk acquisition

US fintech giant First Data is strengthening its e-commerce hand through the acquisition of Atlanta-based Acculynk. Financial terms of the deal were not disclosed.

16 March 2017

News/E-commerce

Britain to go cashless in 2043?

Britain will finally be cashless by 2043, at least that's what an online casino is betting after examining paper money's form.

14 March 2017

News/E-commerce

Alibaba leads $200 million investment in Paytm e-commerce unit

The e-commerce arm of Indian mobile wallet giant Paytm has raised $200 million in a funding round led by China's Alibaba.

03 March 2017

News/E-commerce

Mastercard partners Turkish retailer on Messenger bot payments

Mastercard has teamed up with Getir to let the Turkish mobile retailer's customers make payments through its Facebook Messenger bot.

02 March 2017

News/E-commerce

EBA to relax controversial PSD2 authentication rules

The European Banking Authority is to relax proposed rules on a requirement for strong customer authentication for all payments under EUR10, after being on the receiving end of a volley of complaints from industry participants who claimed that the mandate would lead to more declined transactions and abandoned purchases at the checkout.

21 February 2017

News/E-commerce

QR code-based payment initiative rolls out in India

A government sponsored quick response(QR)code-based payment service, IndiaQR, has launched today in India, heralding the next major step in its ambition to be a cashless society.

20 February 2017

News/E-commerce

Asia catching US in value of fintech deals

Venture capital investment in Asia-based fintech start-ups reached $5.4 billion in 2016 just shy of the $5.5 billion invested in the US.

20 February 2017

News/E-commerce

Kevin the bot uses blockchain to offer insurance for P2P transactions

Madrid-based online reputation startup Traity has launched a chatbot that uses an "open blockchain balance sheet" to provide micro-insurance for people carrying out P2P transactions

16 February 2017

News/E-commerce

Klarna agrees £60 million deal to acquire Wonga's BillPay

Fast-growing Swedish payments startup Klarna has acquired Germany's BillPay, a Berlin-based consumer financing outfit owned by UK payday lender Wonga.

06 February 2017

News/E-commerce

Google kills off Hands Free payments app; Samsung Pay comes to more Android handsets

After a 10 month pilot, Google is ditching its Hands Free payments app, which let users leave their wallets and phones in their pockets and pay just by talking.

03 February 2017

News/E-commerce

Scottish University creates fintech degree course

The University of Strathclyde has launched a Masters of Science (MSc) programme in fintech, what it claims is the first such course in the UK.

05 January 2017

News/E-commerce

House of Fraser invests £35m in neobank Tandem

A UK department store is making a multi-million pound investment in an app-only challenger bank in order to offer its shoppers an exclusive banking tool and payment method.

03 January 2017

News/E-commerce

Cash to account for less than a quarter of US transactions by 2026 - research

The rise of mobile and contactless payments means that by 2026 cash will account for less than a quarter of all transactions in the US, according to research from law firm Paul Hastings and the Centre for Economics & Business Research (Cebr).

15 December 2016

News/E-commerce

AmEx buys digital security outfit InAuth

American Express has moved to boost its fraud fighting capabilities through the acquisition of mobile device authentication specialist InAuth. Financial terms of the deal were not disclosed.

06 December 2016

News/E-commerce

Guesswork alone can crack Visa card security - Newcastle University

Working out the card number, expiry date and security code of any Visa credit or debit card can take as little as six seconds and uses nothing more than guesswork, new research has shown.

05 December 2016

News/E-commerce

Visa to acquire Cardinal Commerce

Visa has agreed to buy e-commerce authentication firm Cardinal Commerce to beef up security in card-not-present channels whether through a browser, mobile app, or connected device.

02 December 2016

News/E-commerce

EBA told that tougher authentication will have a "chilling" effect on single market

A cross-industry letter signed by 39 European and national organisations in the payments value chain has hit out at European Banking Authority (EBA) plans to toughen up authentication rules for online transactions under the revised Payments Service Directive (PSD2).

28 November 2016

News/E-commerce

Stripe raises $150m at $9.2bn valuation

Digital Payments outfit Stripe has raised $150 million in a Series D funding round which values America's top fintech dog at more than $9 billion.

25 November 2016