Latest E-commerce News: Finextra Research

M-payments start-up Boku raises $25m

San Francisco-based online mobile payments start-up Boku has raised $25 million in a series c financing round led by Dag Ventures and joined by existing investors Benchmark Capital, Index Ventures and Khosla Ventures.

19 January 2010

News/E-commerce

Samsung shows off contactless card with animated OLED display

Korean IT giant Samsung has unveiled a contactless ID card with an OLED display that shows a rotating digital image of the owner's face when placed by a RFID reader.

08 January 2010

News/E-commerce

Twitter for credit card purchases unveiled

Blippy, a service that automatically publishes users' credit card transaction details online, has launched in invitation-only beta.

17 December 2009

News/E-commerce

North American merchants hit back at e-commerce fraud

North American merchants appear to be fighting back in the battle against e-commerce fraud, with losses in 2009 down 18% on the previous year, to $3.3 billion, according to tech security outfit CyberSource.

19 November 2009

News/E-commerce

Visa invests in authentication outfit Emue

Visa Europe has taken a stake in authentication specialist Emue Technologies, with which it has been developing a card that contains a display for generating one-time numeric codes. The size of the investment was not disclosed.

18 November 2009

News/E-commerce

UK mobile micropayment service launches

GoPayforit, a mobile phone-based small payments service designed to let bloggers and content owners sell online has launched in the UK.

17 November 2009

News/E-commerce

US retailers face $100bn in ID fraud losses a year - study

US retailers rack up around $100 billion in identity fraud losses every year, absorbing nearly 10 times the cost incurred by financial institutions, according to a study from LexisNexis and Javelin Strategy & Research.

10 November 2009

News/E-commerce

PayPal opens up to third party developers

PayPal has officially launched its new platform for third party developers, making it easier to integrate the payment system with other Web sites and applications.

04 November 2009

News/E-commerce

Amazon sidelines user names and passwords with 'PayPhrase' for online payment

Amazon has moved to simplify the online checkout process with a feature that lets customers complete purchases by typing in a short, unique phrase and PIN.

29 October 2009

News/E-commerce

Earthport FY net loss widens

UK electronic payments company Earthport says its full year net losses more than doubled, to £7.3 million, in 2009 but claims business is now picking up.

20 October 2009

News/E-commerce

PayPal raids banking sector

PayPal has added three banking veterans - Wachovia's John McCabe, Citi's Ed Eger and Renier Lemmens from Barclays - to its executive team.

01 October 2009

News/E-commerce

Online fraudsters hit one in eight Brits - survey

According to a survey commissioned by Internet security outfit VeriSign, one in eight of the UK's adult population have fallen victim to online ID fraud in the last year.

18 September 2009

News/E-commerce

Open ID pitch wins Swift's innovation competition

A business model pitch called e-ME won the competition part of the Innotribe side conference run for the first time at Swift's annual conference. The concept was workshopped as part of an assignment to develop ideas in cloud computing that delegates took part in over the course of the four-day event.

17 September 2009

News/E-commerce

Bank of America Merrill Lynch goes with Fundtech to launch online payments hub

Fundtech has signed Bank of America Merrill Lynch as the first customer of its new Global PAYplusServices Platform (Global PAYplus-SP). The platform is based on a service-oriented architecture and will be the foundation for the bank's next-generation online banking channel for treasury management. The new payments system will be available to clients in the second half of 2010.

14 September 2009

News/E-commerce

Google plans micropayments platform for newspapers

Search giant Google is developing a micropayments platform that it hopes will be used by newspapers to charge for access to online content.

10 September 2009

News/E-commerce

Nigeria's InterSwitch deploys Gemalto authentication technology

Bank-owned Nigerian e-payments firm InterSwitch is deploying Gemalto's Ezio authentication technology to secure customer transactions.

07 September 2009

News/E-commerce

ID theft malware soars 600% - PandaLabs

The number of computers infected with malware designed to steal personal and financial information has risen 600% in the last year, according to security outfit PandaLabs.

20 August 2009

News/E-commerce

Jambool raises $5m for virtual currency platform Social Gold

Jambool, the company behind Social Gold, a virtual currency platform used for online games and applications, has raised $5 million in a series b financing round led by Madrona Venture Group.

18 August 2009

News/E-commerce