Latest E-commerce News: Finextra Research

Yandex.Checkout launches online payments via WeChat Pay in Russia

Yandex.Checkout introduces online payments via WeChat Pay to online stores and other online services in Russia. WeChat Pay is a payment service operating as digital wallet based on the popular Chinese messenger WeChat.

25 June 2019

Company update/startups

Nordea invests in e-commerce startup Mondido

Nordea adds yet another fintech company to its portfolio of partners when investing in the e-commerce solution Mondido. A step that will strengthen our Nordea Connect e-commerce offer.

24 June 2019

News/regulation

EBA offers wiggle room on deadline for PSD2 authentication rules

Under industry pressure, the European Banking Authority has paved the way for some firms, on an "exceptional basis", to get an extension of the September deadline for new Strong Consumer Authentication (SCA) rules for e-commerce transactions.

21 June 2019

Company update/E-commerce

Nordea makes Fidesmo Pay available to Swedish Mastercard holders

Fidesmo’s payment offering Fidesmo Pay is now rolling out to more Swedish users as the company announces a new bank collaboration with Nordea for the Swedish market.

20 June 2019

Company update/E-commerce

JP Morgan launches cross-border digital payments in China

The leading global financial institution J.P. Morgan today announced the launch of E-Customs Payment Solution, making it the first foreign bank in China to offer a solution that fully digitizes and automates cross-border payments of goods. The solution solves common pain points associated with the manual nature of such transactions.

20 June 2019

News/E-commerce

Regulators and politicians respond to Facebook's crypto plans

Regulators, politicians and other crypto players have all responded to yesterday's unveiling of Facebook's Libra project and suggested that the social media giant's digital currency plans may face several challenges.

19 June 2019

News/payments

EBAday 2019: Is cashless across Europe attainable?

The message is clear at EBAday 2019: Sweden does not accept cash. While the ABBA Museum may prefer card or mobile payments, Frantz Teissedre, head of interbank relationships at Société Générale, believes that a purely cashless society across Europe may be ambitious.

19 June 2019

News/E-commerce

EBAday 2019: What’s more likely, JPMorganEats or UberPay?

Are Instant Payments and Open Banking a match made in heaven? The resounding answer was yes at an EBAday 2019 session on the current status of real-time payments and open banking initiatives in Europe.

18 June 2019

Company update/E-commerce

Token secures $16.5m funding for open banking

Token, the turnkey open banking platform, today announced a $16.5m strategic investment from a pool of investors, including Opera Tech Ventures, the venture arm of BNP Paribas - one of the world’s largest banks and two other visionary banks headquartered in the Middle East and Southeast Asia.

18 June 2019

Company update/E-commerce

HSBC calls on Identitii for tokenisation technology

Identitii Limited (Identitii, Company) (ASX:ID8), an Australian FinTech enabling the secure overlay of transaction level detail on top of financial messages using a private blockchain, advises that its customer, HSBC has announced the launch of its Digital Accounts Receivable Tool (HSBC DART) using Identitii’s innovative tokenisation technology, to its corporate clients in India.

18 June 2019

Company update/payments

FreedomPay moves into new European HQ

FreedomPay, the global leader in secure commerce technology for lodging, retail, restaurants, stadiums and hospitality merchants announces the relocation of its European headquarters to the centre of Canary Wharf to accommodate the rapid growth and future expansion plans of its open payment platform operations.

17 June 2019

Company update/E-commerce

KaDeWe extends contract with Wirecard for cashless payments

Wirecard, the global innovation leader for digital financial technology, is expanding its cooperation with KaDeWe Group, operator of Germany’s most famous department stores for luxury products.

17 June 2019

Company update/E-commerce

Starling partners with Bottomline Technologies for instant payments

Bottomline Technologies (NASDAQ:EPAY), a leading provider of financial technology that helps make complex business payments simple, smart and secure, today announced its partnership with Starling Bank, the leading digital banking platform, and the launch of Bottomline’s Real Time Payments Express Service

17 June 2019

News/payments

PPRO buys allpago

UK cross-border e-payments firm PPRO has acquired Latin American counterpart allpago. Financial terms of the deal were not disclosed.

14 June 2019

Company update/payments

SpotOn Transact raises $40m

SpotOn Transact, LLC (“SpotOn”), an innovative payments and software company, today announced $40 million in new funding led by Franklin Templeton, with significant participation from Dragoneer Investment Group.

11 June 2019

News/E-commerce

Amazon targets unbanked with 'Credit Builder' card

Amazon has teamed up with Synchrony Financial to launch a secured credit card targeted at Americans with no credit history or bad credit.

10 June 2019

Company update/security

EMVCo publishes EMV Secure Remote Commerce specification v1.0

EMVCo has released EMV Secure Remote Commerce (SRC) Specification v1.0, which is available for free public download from the EMVCo website.

07 June 2019

News/E-commerce

S Korea bemoans slow pace of its fintech market

An immature ecosystem and a lack of competition is slowing down South Korea's fledgling fintech industry according to the country's financial regulator

07 June 2019

News/payments

Millions of Brits go cashless amid rise of contactless and mobile banking

With mobile banking and contactless payments becoming ever more popular in the UK, one in 10 Brits now live a largely cashless life, according to figures from UK Finance.

07 June 2019

Company update/E-commerce

Visa and Western Union strike strategic alliance

Today, Visa (NYSE:V) announced a new strategic agreement with Western Union (NYSE:WU), a global leader in cross-border, cross-currency money movement.

05 June 2019