Latest E-commerce News: Finextra Research

PayPal creates 150 Dublin jobs; suffers brief outage

Online payments firm PayPal is adding 150 new positions at its European operations and customer service headquarters in Dublin.

18 February 2011

News/E-commerce

Active mobile users show strong interest in m-commerce - Accenture

Nearly half of the "most active" mobile device users would welcome the chance to pay for goods and services using their handsets, according to a global survey from Accenture, which also shows the West lags way behind Asia in adoption of the technology.

16 February 2011

News/E-commerce

Cosmetics firm Lush forced to shut more hacked Web sites

Cosmetics firm Lush says its Australian and New Zealand Web sites have been hacked, urging customers who have placed orders online to contact their banks about cancelling credit cards.

15 February 2011

News/E-commerce

Visa agrees $190m PlaySpan acquisition

Visa has stepped up its assault on the e-commerce market with the $190 million acquisition of PlaySpan, provider of a payments platform for digital goods.

09 February 2011

News/E-commerce

O2 seeks UK license for mobile money play

O2 is set to join the growing band of telcos bidding to grab a slice of the mobile payments market when it applies to the UK's FSA for an e-money license later this year.

03 February 2011

News/E-commerce

French telcos form e-payment JV

French telcos Bouygues Telecom, Orange and SFR have teamed with vendor Atos Origin to form a joint venture company which uses mobile phone numbers in place of plastic card details for online shopping.

03 February 2011

News/E-commerce

Airtel partners Standard Chartered and MasterCard for online mobile shopping venture

Pan-African wireless operator airtel is working with Standard Chartered and MasterCard to offer a mobile wallet service featuring a virtual card that is activated by one-time SMS passcodes.

03 February 2011

News/E-commerce

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

Finextra TV/E-commerce

Debit or credit for online purchases?

Geoff Iddison, group executive, e-commerce and mobile at MasterCard explains why consumers are turning to debit for online shopping.

08 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