Latest E-commerce News: Finextra Research

RBI forces PayPal to restrict payments to Indian merchants

In response to new Reserve Bank of India (RBI) requirements, PayPal is imposing further restrictions on its service in the country.

31 January 2011

News/E-commerce

Birth of a new currency: Facebook Credits to be mandatory for on-site games

Facebook has moved to tighten its grip on the virtual currency market, outlining plans to force all social game developers to use Facebook Credits for payment processing.

25 January 2011

News/E-commerce

Cosmetics firm Lush shuts Web site after hack attack

Cosmetics firm Lush has shut down its UK Web site in the wake of an attack by hackers that has put the payment card details of customers at risk.

21 January 2011

News/E-commerce

Kabbage raises $6.65 million

Kabbage, a US start-up that provides working capital advances to online merchants has raised $6.65 million in a series a funding round led by BlueRun Ventures.

14 January 2011

News/E-commerce

US authorities target PayPal scammers

US authorities have raided the house of two foreign exchange students suspected of involvement in a Vietnam-based crime ring that uses stolen credit card numbers, eBay and PayPal to con retailers out of millions of dollars.

05 January 2011

News/E-commerce

PayPal partners Vivo on Brazilian m-payments

PayPal has inked a deal with Brazilian mobile phone service provider Vivo, enabling subscribers to send payments for airtime, goods and services using their handsets.

15 December 2010

News/E-commerce

European e-commerce fraud attempts fall as e-retailers prepare for Mega Monday

As retailers prepare for record online sales in the build up to Christmas, research from Deutsche Bank suggests that levels of e-commerce related fraud attempts fell in 2010.

03 December 2010

News/E-commerce

ECB's Tumpel-Gugerell sets out Sepa resolutions

The European Central Bank's Gertrude Tumpel-Gugerell has set out a list of New Year Resolutions for the EU payments industry, including the imposition of a Sepa migration end-date and the creation of a third card payment scheme to compete with Visa and MasterCard.

29 November 2010

News/E-commerce

Tesco and Game to sell Facebook Credits

In a UK first, Facebook has struck deals with high street retailers Tesco and Game to start selling its virtual currency gift cards in their shops.

18 November 2010

News/E-commerce

Amex spends $150m on CNP fraud prevention firm Accertify

American Express has agreed to pay around $150 million for Accertify, a provider of card-not-present (CNP) fraud protection technology.

04 November 2010

News/E-commerce

Hardware failure causes PayPal outage

PayPal suffered a worldwide outage on Friday after a network hardware failure in one of its data centres.

01 November 2010

News/E-commerce

Brits switching banks over security and privacy concerns - Unisys

Around one in ten Brits has switched banks or retailers over concerns about the way their privacy and identities were protected, according to a survey from Unisys.

29 October 2010

News/E-commerce

Sibos Innotribe Labs take centre stage

A business that aims to create a complete view of a bank's financial health by using recycled financial messages is the favourite to win the Innotribe Lab pitching contest held at Sibos, the annual conference held by financial messaging body Swift.

28 October 2010

News/E-commerce

PayPal unveils micropayments system; Facebook on board

PayPal has signed up a slew of big names, including Facebook and FT.com, to a new micropayments system for digital goods and services.

27 October 2010

News/E-commerce

VeriFone extends mobile payments acceptance with PayPal

In a move that merges traditional card payments with mobile, VeriFone is integrating its Payware system for the iPhone with PayPal's merchant acceptance application.

26 October 2010

News/E-commerce

Sibos kicks off with call for innovation

Swift CEO Lázaro Campos has launched the banking co-operative's annual Sibos conference by calling for more innovation from bankers and technologists.

25 October 2010

News/E-commerce

Google uses Web shopping data to measure inflation

Google is tapping its vast database of e-commerce figures to build a price index that will offer an alternative inflation measure to official statistics, according to the Financial Times.

12 October 2010

News/E-commerce

RIM rolls out BlackBerry in-app payment system

BlackBerry maker Research in Motion (RIM) has launched a payments development toolkit to encourage developers to create their own transactional apps for selling digital goods and services over the handset.

29 September 2010

News/E-commerce

China UnionPay and MasterCard ink MoU

China UnionPay has signed a memorandum of understanding (MoU) with MasterCard that will see the card schemes look to establish a "mutually beneficial relationship".

14 September 2010

News/E-commerce

15% of Americans use mobiles to make purchases - survey

Despite persisting security concerns, 15% of Americans have now used their mobile devices to make purchases, according to a survey from Sterling Commerce and Demandware.

20 August 2010