Latest E-commerce News: Finextra Research

Affirm scores major buy now, pay later deal with Shopify

Credit card alternative Affirm has scored an exclusive deal with e-commerce marketplace Shopify to provide buy now, pay later installment purchases for merchants.

23 July 2020

Company update/security

ACI Worldwide and Three UK partner to combat e-commerce payments fraud

ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions, today announced it is extending its partnership with Three UK to combat eCommerce fraud, which has increased during the Covid-19 pandemic.

22 July 2020

Company update/retail

UOB and Getz dish up online storefronts for fodd and beverage industry

United Overseas Bank (UOB) today announced it is collaborating with Getz, an end-to-end food and beverage (F&B) digital solution provider, to help F&B businesses set up their online storefronts quickly while also lowering the cost of delivering food to consumers.

16 July 2020

Company update/security

Ravelin secures £16.4m Series C funding

Fraud detection company Ravelin today announced the successful raise of £16.4M ($20M) in new funding. Ravelin has pioneered the use of machine learning and graph network technologies to help online businesses accept more payments with confidence.

15 July 2020

Company update/security

JCB joins with Nexi to increase security for international e-commerce spend

Nexi and JCB have collaborated to reduce the stress of social distancing and travel restrictions caused by the recent healthcare emergency by making it easier for merchants to 'get close' to their customers - specifically Asian-Pacific buyers - by securely facilitating online payments.

14 July 2020

News/payments

EC's refusal to delay SCA 'kicking retailers while they're down'

The European Commission's refusal to further delay the introduction of Strong Customer Authentication rules for online transactions could cost merchants up to EUR90 billion in lost sales for 2021 alone, claims payments consultancy CMSPI.

13 July 2020

Company update/payments

Businesses will risk recovery unless $20 billion online payments hole is plugged

The economic recovery could be reduced or delayed unless businesses plug an annual $20bn hole in online transactions, according to a new study by fintech unicorn, Checkout.com.

09 July 2020

Company update/payments

Ingenico packages up products for peak payments conversion

Ingenico Group (Euronext: FR0000125346 - ING), the global leader in seamless payments, today unveils a new offering for digital businesses specifically designed to reach peak payments conversion.

09 July 2020

News/payments

Card schemes to take Click to Pay standard global

American Express, Visa, Mastercard and Discover are to roll out the online 'Click to Pay' standard globally, having signed up 10,000 merchants in the US since launch in 2019.

08 July 2020

Company update/identity

Fime qualified for EMV 3DS adoption to meet SCA

Fime’s Test Platform has been qualified by EMVCo enabling it to test EMV 3DS Server (3DSS) modules.

07 July 2020

News/payments

Gambling charity criticises banks' use of card blockers

A gambling awareness charity in the UK has criticised UK banks for failing to properly use technology designed to prevent users from accessing gambling sites via their debit and credit cards.

07 July 2020

Company update/crime

RSA selected by NewDay for digital fraud detection

RSA (@RSAsecurity) a global cybersecurity leader delivering Business-Driven Security™ solutions to help organizations manage digital risk, announces that NewDay, a leading consumer credit company serving around five million people across the UK, has selected and deployed RSA Adaptive Authentication for eCommerce to deliver advanced fraud protection for digital payments and address the requirements of the EMV 3-D Secure protocol.

07 July 2020

News/payments

Sweden bids to steer customers away from installment payments amid fears over mounting debt

New rules in Sweden to discourage online shoppers from paying with credit could put a dent into the performance of local buy now, pay later company Klarna and other installment-based payment services.

02 July 2020

Company update/payments

ING Germany to offer business loans to SMEs trading on Amazon

ING is the first bank in Germany to cooperate with Amazon in offering loans to eligible sellers – mainly small and medium sized enterprises (SMEs) – through Amazon’s seller portal.

01 July 2020

Company update/covid-19

Stripe launches products to help platforms powering Covid-19 economic recovery

Today, Stripe is launching a series of products to help platforms and their business customers adapt as the economy reboots.

29 June 2020

News/payments

NatWest uses Open Banking for cardless e-commerce payments

NatWest has launched an open banking-based service that lets customers of multiple lenders make instant online payments to participating retailers, without the use of a debit or credit card.

25 June 2020

News/crypto

BIS says CBDCs deserve consideration

Central bank digital currencies (CBDCs) "deserve consideration" as an additional means of payment, says a report from the Bank for International Settlements (BIS).

25 June 2020

Company update/security

Visa Token Service issues one billionth token

Visa Inc. (NYSE:V) today announced that the company has now issued more than 1 billion tokens worldwide through Visa Token Service (VTS), marking a major milestone in its proprietary offering to help accelerate eCommerce innovation and make payments more secure.

23 June 2020