E-commerce

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/people

Forter adds board members

Forter, the Trust Platform for digital commerce, today announced the appointment of two new board members, Sharda Caro Del Castillo and Scott Schenkel.

Westpac automatically blocks payments to suspected scammers

/security

Westpac automatically blocks payments to suspected scammers

Westpac has started automatically blocking suspect online transactions from overseas retailers deemed high-risk of being a scam.

/payments

Ritmo raises $200m in debt funding

Fintech RITMO has successfully closed a $200 million debt funding round led by i80 Group and Avellinia Capital, making it one of the largest funding rounds of any e-commerce finance business in Europe and Latin America (LATAM).

Online checkout giant Bolt to buy Wyre to add crypto payments

/crypto

Online checkout giant Bolt to buy Wyre to add crypto payments

Decacorn online checkout company Bolt is set to add crypto payments to its platform after agreeing to buy blockchain infrastructure provider Wyre for a reported $1.5 billion.

/payments

Evvio debuts 'Fluid Commerce'

Evvio, an emerging fintech company focused on next generation ecommerce technology, today announced the launch of Fluid Commerce.

Advent takes majority stake in MangoPay

/payments

Advent takes majority stake in MangoPay

Private equity giant Advent International is buying a majority stake in MangoPay, a European payment technology provider for marketplaces and platforms.

/payments

Mollie Payments for WooCommerce arrives in the UK

Mollie, one of the fastest growing payment service providers in Europe, today announced the launch of Mollie Payments for WooCommerce in the UK.

/retail

Adyen makes embedded finance play

Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, has today announced its expansion beyond payments to build embedded financial products.

/regulation

Ping Payments selects Sentinels for AML controls

Ping Payments, the Nordics premier payments services provider for modern e-commerce and online transactions, has chosen Sentinels, Europe’s leading intelligent transaction monitoring and client risk management platform, to reinforce its anti-money laundering (AML) controls.

/retail

PayPal Ventures invests in Cymbio

Cymbio, a leading marketplace and drop ship automation platform, announced today an investment from PayPal Ventures, the venture capital arm of the global payments company. This latest development comes just months after Cymbio closed a $20M Series B round.

/payments

Reach secures $30 million investment

Reach, the leading global ecommerce payments enabler, has secured a $30 million investment, as it bids to accelerate its mission of unlocking a global customer base for merchants through a streamlined payments, tax and fraud platform.

/payments

Avarda taps Aiia open banking services

Today the Nordic-based payment service provider Avarda chose European open banking leader Aiia, a Mastercard company, to enable open banking payments through its white-label payment solutions for a wide range of retailers and merchants.

/payments

Clickatell adds chat-2-pay integration with Salesforce Commerce Cloud

Clickatell, a CPaaS innovator and Chat Commerce leader, today announced it has launched the integration of its industry-leading Chat 2 Pay payment solution with Salesforce Commerce Cloud, the fastest path to unified commerce.

Online retailers warned of lost sales as SCA comes into effect

/security

Online retailers warned of lost sales as SCA comes into effect

Online retailers are being warned to be prepared for the introduction of Strong Customer Authentication (SCA), the biggest change to payments since Chip & Pin rolled out 16 years ago.

/startups

Nordic challenger Lunar launches payments solution for e-commerce

Lunar, Nordic-based fintech, launched a solution to let its business customers accept and track online payments. Lunar’s new solution is built into its business account and caters to the growing e-commerce customer base.

/startups

Southeast Asian SME app Zaapi raises $4 million

Zaapi, a mobile app that enables small businesses to launch their e-commerce presence within seconds, has raised a US$4 million seed investment in the current round of funding. Prominent venture capital investors, including GFC, Flourish Ventures, and Partech, led the investment. Other institutional investors in the round include 1982 Ventures, Kaya Founders, Iterative, XA Network, and Sketchnote Partners/Invertidos. Flash Ventures, an early backer in Zaapi with ties to GFC, invested US$500,000 in pre-seed funding in March 2021, allowing the company to launch in Thailand in August 2021. The most recent round will allow Zaapi to triple down on their efforts to build and scale the best-in-class product regionally.

UK merchants warned to get ready for imminent SCA

/regulation

UK merchants warned to get ready for imminent SCA

With the UK finally set to officially enforce Strong Customer Authentication (SCA) rules, vendor Forter is warning merchants that issuing banks are already issuing soft declines on transactions which have not been sent to 3DS and are not flagged as either exempt or out of scope.

/predictions

UK e-commerce market projected to exceed £260 billion by 2025, Worldpay from FIS study finds

The UK’s e-commerce market, already the world's third largest, is forecast to grow by nearly 26 percent through 2025 to reach over £260 billion in transaction value, according to a new report released today from financial technology leader FIS® (NYSE: FIS).

/payments

Computop integrates new Amazon Pay interface for express checkout

Online merchants who process their payments via Computop Paygate can now offer their customers a faster checkout via Amazon Pay.

/payments

Vyne and Gr4vy partner to enable instant Open Banking payments for online merchants

Vyne, the specialist account-to-account payments platform, today announces a new partnership with Gr4vy, a leading cloud-native payment orchestration platform (POP), that will give online merchants access to open banking payments infrastructure.

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