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ecommerce

News about ecommerce.

China moves to open up mobile payments services

August 4th, 2015

People’s Bank of China has proposed new regulations that could force internet companies Alibaba, Tencent and Baidu to offer each others’ online payment services alongside their own. “If payment services from social networking and online entertainment firm Tencent and search firm Baidu are offered on Alibaba’s ecommerce sites, users could opt to use those,” Reuters reports. “Alternatively, Alipay could cement its dominance if customers opt to use it on rivals’ platforms.”

Amex cardholders use reward points for Best Buy purchases

July 31st, 2015

American Express card members in the Membership Rewards program can now use points to pay for online purchases at US retail giant Best Buy. “American Express’ unique technology enables eligible card members to easily use Membership Rewards points for all or part of their BestBuy.com purchases and allows them to check their Membership Rewards points balance before they check out,” American Express says.

Samsung and MasterCard prepare Europe for Samsung Pay

July 30th, 2015

Samsung has announced it is extending its global partnership with MasterCard to deliver Samsung Pay to European card issuers using the MasterCard Digital Enablement Service (MDES) — and is currently working with European banks and… More

Stripe gets access to Visa Token Service through strategic partnership

July 29th, 2015

Mobile and online payment provider Stripe has entered into a strategic partnership with Visa that will make it one of the first beta partners to connect to Visa’s network capabilities, giving its developer community access… More

US shoppers buying into mobile payments

July 27th, 2015

Almost one in five US consumers (18%) have used a mobile device to make either an in-store or online purchase, up from 16% in 2014 and 12% in 2013, research from Synchrony Financial reveals, based on nearly 7,000 Synchrony Bank cardholders and shoppers nationwide. “Value propositions, including free shipping, loyalty programs and personalised offers, continue to be important,” the company adds.

Visa signs up 2,300 financial institutions for Visa Token Service

July 24th, 2015

More than 2,300 financial institutions and banking partners have now signed up for Visa’s tokenization service with international expansion set to happen “in the fall”, Visa has revealed during a third quarter earnings call. The… More

Braintree supports UK launch of Apple Pay

July 14th, 2015

PayPal-owned payment processor Braintree has announced its support for the UK launch of Apple Pay via its v.zero SDK that will allow merchants to add the mobile payments service as an online checkout option alongside PayPal, credit and debit cards. “We are enabling UK and global merchants to be some of the first to accept Apple Pay in the UK,” the company says.

American Express unveils online checkout service

July 10th, 2015

American Express has launched an online checkout service that works across desktop, mobile and native apps to let its US card members make payments with their existing American Express user ID and password, without having… More

Eight in 10 Americans aware of contactless payments

July 10th, 2015

Some 82% of US consumers have heard of contactless or tap-and-go payments and 69% are now using chip cards or plan to use them soon, research from MasterCard reveals. Three quarters of Americans have also… More

Barclays to support Zapp ‘Pay by Bank app’ mobile payments

July 7th, 2015

Barclays has become the latest bank to announce its support for Zapp, a mobile payments startup formed by payments infrastructure operator VocaLink that will work via an integration with existing mobile banking apps for online… More

Ant Financial valued at US$45bn

July 3rd, 2015

Chinese e-commerce giant Ant Financial has completed a Series A financing round that values the company at more than US$45bn and makes the Chinese government a stakeholder, New York Times reports. The parent company of mobile payments firm Alipay saw its number of annual active users surpass 400m this year, of which 80% are active mobile users.

MasterCard to pilot biometrics for online shopping

July 2nd, 2015

MasterCard is to test a system that will approve online purchases with a face or fingerprint scan later this year. “If you choose fingerprint, all it takes is a touch. If you go with facial recognition, you stare at the phone, blink once, and you’re done,” CNN reports. “To pull this off, MasterCard said it has partnered with every smartphone maker.” The pilot will involve 500 customers.

Evercoss to pre-install mobile wallet on handsets

June 25th, 2015

Indonesia’s largest smartphone and tablet manufacturer is to pre-install a mobile wallet on up to three million of its mobile devices annually, allowing users to make QR code-based in-store payments, online payments and P2P funds… More

Amazon’s voice-driven home shopping device available for pre-order in the US

June 25th, 2015

US consumers will soon be able to reorder supplies and control their home appliances using Amazon Echo, the connected device that uses voice recognition to complete spoken commands to shop, play music, read the news… More

Alibaba and Ant Financial invest nearly $1bn in Koubei mobile commerce platform

June 24th, 2015

Chinese e-commerce giant Alibaba and Alipay parent Ant Financial have each invested RMB3bn (US$483m) into Koubei, a joint venture that will let consumers order and pay for local services in China using their smartphone, “with an… More

Boston Fed explores tokenization in the US

June 18th, 2015

The Mobile Payments Industry Workgroup (MPIW) of the Federal Reserve Bank of Boston has published a white paper providing an overview of the current US payment tokenization landscape for mobile and digital commerce. “It discusses benefits, challenges, gaps and opportunities from the perspectives of the major industry stakeholder groups,” the Boston Fed says.

MasterCard extends tokenization platform

June 16th, 2015

MasterCard is to extend its tokenization services to merchants with in-app, ecommerce and recurring billing card-on-file programs as well as to private label credit cards. The move follows the expansion of Apple Pay to include store-branded debit, credit and loyalty cards. The tokenization services will be available to US and Canadian merchants later this year and will expand across all MasterCard Digital Enablement Service (MDES) markets.

Facebook expands buy button pilot

June 15th, 2015

Facebook has extended its ‘buy’ button pilot to US retailers using the Shopify commerce platform. “A small group of Shopify merchants are already using this solution to post products with buy buttons, Shopify says. “Today, we are expanding the beta test to include a variety of businesses.”

Zapp prepares for UK mobile payments service launch

June 9th, 2015

Zapp, the UK mobile payments startup formed by payments infrastructure operator VocaLink, has confirmed that it will launch its service in the autumn of this year, with NFC in-store payments to follow. The service will… More

Williams-Sonoma adds shoppable videos

June 9th, 2015

US houseware and home furnishing retailer Williams-Sonoma has launched a four-part video series that uses YouTube’s new “shoppable” technology to allow its online shoppers to buy the showcased products with a click through Visa Checkout. The first video is now live online while the following three will follow later this summer.

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