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Jump in adoption of alternative payment methods

/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.

Amazon invests in Bill Me Later

/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.

FTC prosecutes payment processor

/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.

Ukash goes mobile

/E-commerce

Ukash goes mobile

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

MobiClear signs TheCard to mobile phone verification system

/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.

Zopa teams with credit unions for US launch

/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.

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

/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.

Visa releases virtual pre-paid card in Australia

/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.

PayPal launches mobile checkout service in Australia

/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.

PayPal set to roll out virtual card payments system

/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.

Paypal opens online shopping site for Christmas

/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.

Tuxedo introduces text top-ups for pre-paid cards

/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'.

Card fraud patent to go under the hammer

/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.

Jump in card fraud abroad drives up UK losses - Apacs

/E-commerce

Jump in card fraud abroad drives up UK losses - Apacs

A massive rise in fraud committed on UK cards abroad pushed up industry losses in the first half of the year, even though domestic card fraud levels fell during the period, according to industry figures released by payment association Apacs.

Shift to alternative payment options as online transactions soar

/E-commerce

Shift to alternative payment options as online transactions soar

The number of online transactions will more than double to reach $355.2 billion by 2012, according to a US study released by Javelin Research & Strategy which also predicts increasing take up "alternative payment methods" such as PayPal.

Telekurs buys card processor 3C from Tele2

/E-commerce

Telekurs buys card processor 3C from Tele2

Swiss group Telekurs has bought 3C Communications, a Luxembourg-based provider of card payments processing services, from Swedish telecoms operator Tele2 for SKr50 million in cash.

Barclays bids to boost online sales

/E-commerce

Barclays bids to boost online sales

UK banking group Barclays is using technology from US-based Omniture in a bid to increase conversion rates for inquiries and sales of key products on its Web site.

Online fraud hits 200,000 Brits in 2006

/E-commerce

Online fraud hits 200,000 Brits in 2006

Over two hundred thousand cases of online financial fraud were commited in the UK last year - double the amount of real world robberies - according to a study carried out by criminologists at consultancy firm 1871.

Google patents SMS payments system

/E-commerce

Google patents SMS payments system

The publication of a patent filing has fuelled specualtion that Internet search engine Google is gearing up to launch a payments service, dubbed GPay, that would enable users to pay for purchases using SMS text messages.

UK telcos launch mobile payments system

/E-commerce

UK telcos launch mobile payments system

The UK's major mobile phone operators - Orange, Vodafone, T-Mobile, 3 and O2 - have launched a payment system that allows subscribers to use their handsets to pay for low value purchases.

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