Latest E-commerce News: Finextra Research

Stripe makes banking-as-a-service play

Stripe has brought in several big name banks to back its new banking-as-a-service API that lets online businesses embed financial services in their platforms.

03 December 2020

News/payments

Black Friday payment data reveals rapid growth of buy now, pay later

The use of buy now, pay later services like Klarna and ClearPay on Black Friday more than doubled in 2020, European data shows.

30 November 2020

News/security

SARB issues dark warning over screen-scrapers on Black Friday

The South African Reserve Bank has warned consumers against the use of screen-scraping EFT payments, as bargain hunters flock online for the annual Black Friday shopping spree.

27 November 2020

Company update/payments

Viva Wallet debuts API for PSD2-compliant marketplace transactions

Viva Wallet’s PSD2-compliant payment solution for online marketplaces removes the requirement for them to become licensed providers of regulated payment services.

25 November 2020

News/payments

Coronavirus transmission risk from cash is low - BofE

The rush to abandon cash during the pandemic may be unnecessary, according to a scientific study from the Bank of England, which finds that the risk of Covid-19 transmission by banknotes is low.

24 November 2020

Company update/payments

Payoneer introduces payment orchestration platform for North American e-commerce merchants

Payoneer, the digital payment platform empowering businesses around the world to grow globally, today announced that its new payment orchestration platform is available for e-Commerce merchants in North America that are looking to accept international payments.

23 November 2020

Company update/security

Forter raises $125 million in Series E funding

Forter, the leader in e-commerce fraud prevention, today announced it has raised $125 million in Series E funding.

19 November 2020

Company update/payments

InComm Payments launches site to offer Mastercard gift cards for mobile wallets

InComm Payments, a leading global payments technology company, today announced it has partnered with Mastercard to launch MastercardGiftCard.com, a new website that will allow consumers to send Mastercard gift cards by email (eGift) and mail (physical) to family and friends, providing a convenient, safe and secure option for the upcoming holiday season.

19 November 2020

News/payments

BNPL outfit Affirm files for IPO

Affirm, Max Levchin's buy now, pay later credit card alternative, has filed an initial public offering (IPO) prospectus to list on the Nasdaq.

19 November 2020

News/security

Ticketmaster fined £1.25m over data breach that led to fraud on thousands of cards

Ticketmaster has been fined £1.25 million over a 2018 data breach which saw the payment details of millions of people compromised, with tens of thousands of cards subjected to known fraud.

13 November 2020

News/payments

AppBrilliance snags $3m to take on payment processing industry

Open payment startup AppBrilliance has raised over $3 million in a seed funding round joined by Studio VC.

11 November 2020

Company update/identity

Fintech startup Payer launches beta test programme for B2B ecommerce onboarding

Payer Financial Services (Payer) has developed a new registration product that revolutionizes how customer relationships are made between companies online.

09 November 2020

Company update/E-commerce

Kooomo connects with Stripe

Global eCommerce platform, Kooomo has today announced further updates to its platform - enabling bank transfers with Stripe and adding two marketplace connectors - continuing its commitment to provide its customers with the very best eCommerce offering.

09 November 2020

Company update/payments

Dosh and Button expand partnership

Dosh, the fastest-growing cash back platform that connects thousands of brands and retailers to millions of consumers, today announced the expansion of its integration of Button, the leading mobile commerce technology company, on its platform.

06 November 2020

News/payments

DoJ sues to block Visa's Plaid acquisition

The US Justice Department has sued to block Visa's $5.3 billion acquisition of bank data sharing startup Plaid, citing competition concerns. Visa says the effort is "legally flawed and contradicted by the facts".

05 November 2020

Company update/payments

Laybuy expands merchant base with EKM deal

Laybuy (ASX:LBY), the leading New Zealand-based Buy Now, Pay Later (BNPL) provider, has today signed an agreement with ecommerce provider EKM, which will enable c.8000 online merchants to offer Laybuy’s six-week repayment method to customers at checkout, without the need for additional integration or software development.

04 November 2020

Company update/payments

Apexx agrees payment processing deal with Asos

APEXX Global (”APEXX”), the leading global payments platform, is pleased to announce it has agreed a partnership with ASOS, one of the world’s leading online fashion retailers.

04 November 2020

News/devops

WEF executive: Traditional finance business model no longer working

Simon Torrance, senior adviser at corporate innovation firm, Rainmaking, claims that the traditional financial services business model is no longer working.

28 October 2020

Company update/security

Forter and FreedomPay create joint fraud-blocking network for merchants and banks

Forter, the leader in e-commerce fraud prevention, today announced a partnership with FreedomPay, a global leader in Next Level Commerce, establishing the first joint network for online merchants and banks to instantaneously block fraud and enable legitimate consumers to operate freely.

28 October 2020

Company update/payments

Jassby to introduce virtual debit card for kids

Jassby, Inc., the fintech company that created one of the industry's top family finance apps, today announced an exclusive agreement with Mastercard to power its new Virtual Debit Card for kids.

27 October 2020