Latest E-commerce News: Finextra Research

Lords to follow up cyber crime inquiry

The UK's House of Lords is to conduct a follow-up inquiry into personal Internet security after the Government ignored recommendations on fighting cyber crime given in its original August 2007 report.

21 February 2008

News/E-commerce

One in eight EU adults too scared to shop online

One in eight adults within the European Union's 27 countries do not use online shopping services due to fear of identity theft, according to figures from Eurostat, the statistical office of the European Communities.

12 February 2008

News/E-commerce

US ID theft continues to decline

Direct losses from identity fraud declined for the second year in a row in 2007, according to a fourth annual US study by Javelin Strategy & Research which found that fraudsters are now increasingly switching to offline channels - such as the telephone - to steal confidential personal data.

12 February 2008

News/E-commerce

UK Web shoppers wise up to online fraud

Media coverage of cybercrime has changed the way Brits shop online, according to research released by e-payment outfit Cybersource which found that customers are now taking more security precautions when purchasing items via the Web.

30 January 2008

News/E-commerce

PayPal to acquire online risk outfit Fraud Sciences

Person-to-person payments outfit PayPal is acquiring Fraud Sciences, an Israel-based developer of online risk tools, for $169 million.

28 January 2008

News/E-commerce

IBM bolsters CEP offering with AptSoft acquisition

In a move to strengthen its standing in the service-orientated architecture (SOA) market, IBM is acquiring privately-held AptSoft, a Massachusetts-based provider of complex event processing (CEP) software, for an undisclosed sum.

24 January 2008

News/E-commerce

UK online sales rocket

UK Internet sales hit a record high in 2007, with £46.6 billion spent online during the year, a 54% increase on the £30.2 billion recorded in 2006, according to figures released by Capgemini and the Interactive Media in Retail Group (IMRG).

18 January 2008

News/E-commerce

Jump in adoption of alternative payment methods

Around 30% of US online retailers now offer customers the option to use alternative payment methods (APM) - such as Google Checkout, PayPal and Bill me Later - which is a 25% increase since February 2007, according to a poll conducted by interactive marketing firm Brulant.

16 January 2008

News/E-commerce

Amazon invests in Bill Me Later

US e-retailer Amazon has made an undisclosed equity investment in alternative payment scheme Bill Me Later and is adding the instant credit service to its online shopping sites.

13 December 2007

News/E-commerce

FTC prosecutes payment processor

The US Federal Trade Commission (FTC) has filed charges against payment processing company Your Money Access (YMA) which has been accused of attempting to debit customers' bank accounts on behalf of fraudulent telemarketers and online merchants.

12 December 2007

News/E-commerce

Ukash goes mobile

Digital cash outfit Ukash is partnering with Vodafone to offer its debit and credit card alternative via mobile phones.

06 December 2007

News/E-commerce

MobiClear signs TheCard to mobile phone verification system

Card security outfit MobiClear has signed business travel account firm TheCard Scandinavia to technology that enables customers to use mobile handsets to authorise transactions and "switch off" credit and debit cards.

04 December 2007

News/E-commerce

Zopa teams with credit unions for US launch

UK peer-to-peer lending platform Zopa is working with US credit unions as it looks to take on rival firms such as Prosper in the North American market.

30 November 2007

News/E-commerce

UK Christmas shoppers to spend over £5bn online - Apacs

Christmas shoppers are expected to spend a record £5.6 billion online during December, a 55.6% rise on the same month last year, says UK payments association Apacs.

30 November 2007

News/E-commerce

Visa releases virtual pre-paid card in Australia

Visa has partnered Australia's SCX Global to launch Vcard, a virtual pre-paid voucher that can be used to pay for purchases online and over the phone without the need for a plastic card or bank account.

23 November 2007

News/E-commerce

PayPal launches mobile checkout service in Australia

PayPal has released Mobile Checkout - which enables customers to pay for purchases using Web-enabled phones - to account holders in Australia.

23 November 2007

News/E-commerce

PayPal set to roll out virtual card payments system

Ebay subsidiary PayPal is gearing up to launch a 'virtual card payment system' which allows surfers to pay for purchases on Web sites that don't accept Paypal services directly.

19 November 2007

News/E-commerce

Paypal opens online shopping site for Christmas

PayPal, the online payments business of electronic auction house eBay, is targeting online shoppers in the run up to Christmas with the launch of a shopping Web site that offers cashback and discounts on purchases.

15 November 2007

News/E-commerce

Tuxedo introduces text top-ups for pre-paid cards

Users of a pre-paid MasterCard from UK firm Tuxedo Money Solutions will soon be able to top up their cards via text message, as part of a new service called 'eccount'.

29 October 2007

News/E-commerce

Card fraud patent to go under the hammer

A patent for software that tackles card not present (CNP) fraud, as well as cross border card fraud, is expected to fetch at least $500,000 when it goes up for auction in Chicago later this month.

16 October 2007