News about ecommerce.
February 18th, 2015
NFC World’s ‘Understanding tokenization and host card emulation’ workshop is now available to view online. 756 people registered to attend the live event, and participants gave the presentation an overall rating of 4.2 out of five….
February 13th, 2015
Visa is to expand its Visa Token Service to more regions, to a range of mobile devices and to online transactions made using its Visa Checkout service in 2015, the payments network has announced, “helping to…
February 12th, 2015
Employees at chip maker STMicroelectronics’ Catania office in Italy can now order and pay for fresh food, groceries and personal hygiene products from their mobile phone and then collect their order from a unique “supermarket…
February 3rd, 2015
MasterCard is to incorporate tokenization technology into its MasterPass digital wallet in the near future, CEO Ajay Banga has told analysts during the payment network’s 2014 year end earnings call. “We are very focused on…
February 3rd, 2015
“We continue to see good success with Apple Pay,” Visa CEO Charlie Scharf has told investors during the company’s first quarter earnings call. “On our tokenization efforts, we are very actively working with issuers in…
January 20th, 2015
Chinese ecommerce giant Alibaba has invested an undisclosed sum in Israeli start-up Visualead, developer of the “visual” QR code technology adopted by Chinese social media site RenRen in May last year. The companies have also…
January 15th, 2015
Alibaba is in advanced talks to buy an approximately US$500 million stake in One97 Communications, the parent company of Indian mobile payment platform Paytm. “Both Alibaba Group Holding’s e-commerce arm and its online payments unit Alipay are set to participate in the transaction, which will conclude later this month,” the Financial Times reports. When NFC World+ contacted Alibaba for information the e-commerce giant said it has “no comment to offer on this matter”.
December 17th, 2014
Three in four online buyers (76%) are dissatisfied with the strength of credit card and personal information security among retailers with some 72% of respondents saying they trust their own bank the most with credit card data and personally identifiable information, US research from Bizrate Insights reveals. 48% trust PayPal with their payment and personal information, 45% trust Amazon, 21% trust Apple, 12% trust American Express, 18% trust eBay, 12% trust Google and 12% trust none of the above.
December 15th, 2014
PayPal is now available as a payment option in Apple’s online retail store for US and UK shoppers having previously only been available as a payment option in Apple’s app and content stores, Re/code reports. Apple is also promoting PayPal Credit, a service that lets shoppers pay for an item over up to 18 months with no interest.
December 8th, 2014
Customers of nine banks representing 80% of the Belgian market can now make use of Sixdots, a mobile wallet service that uses a combination of QR codes and a six-digit PIN to make payments in…
November 25th, 2014
Google Wallet has announced availability of a variety of discounts to online shoppers who choose to Buy With Google this holiday season. “Choose Buy with Google and get big savings from B and H, Beautylish, CheapTickets, Eat24, Expedia, Fancy, JackThreads, LivingSocial, Newegg.com, Pose, Rue La La, Vinted USA and Wish this holiday season,” the company says.
November 21st, 2014
Payments startup Drop has launched a mobile payments and loyalty solution that uses Bluetooth beacons to let shoppers order and pay from up to 200 feet away before picking up their purchase and leaving without having to wait in line at the point of sale. “Drop is suitable for use in any purchasing environment; food trucks, beer festivals, stadiums, restaurants and bars, all of whom would use the Drop iPad POS, right through to a solution that integrates with the existing POS and ecommerce platforms,” the company says.
November 20th, 2014
Almost seven in ten Canadian smartphone owners (68%) are aware of NFC or QR codes and 65% are likely to make NFC or QR payments over the next six months, research by Visa Canada has revealed. “Canada is a world leader in mobile NFC and QR payments,” says Visa’s Derek Colfer. “It is very encouraging to see solid awareness of NFC payments as well as that upwards of 26% of Canadians are beginning to use their mobile device for online ecommerce payments.”
November 17th, 2014
China UnionPay (CUP), the country’s official card payments network, has issued notifications to its member banks to tell them “to avoid working with third-party payment services like Alipay”, Want China Times reports. Alipay now has a 50% market share in China, the report adds, while CUP has an 11.9% share. Apple, which today added CUP cards as a payment option to its App Store, has been reported to be in talks with China UnionPay and also with Alipay about partnering to bring Apple Pay to China.
November 17th, 2014
EcoCash, Africa’s second largest mobile money provider with 3.7m users, is to offer customers in Zimbawe a MasterCard debit card linked to their EcoCash wallet. This will enable them to use the funds in their…
November 4th, 2014
MCX member Target has integrated Apple Pay into its mobile app but is not accepting payments via Apple Pay in its stores, the retailer has told NFC World+. “We are accepting Apple Pay for online purchases made in the Target app,” the merchant explained. “Our point-of-sale terminals are not NFC-enabled.” A group of the company’s headquarters employees have been testing the MCX CurrentC mobile payment app in a number of stores since October, Target added.
November 3rd, 2014
Starbucks accounted for more than 90% of all mobile transactions in the US last year, the coffee chain’s CEO Howard Schultz has revealed during a fourth quarter earnings call in which he also set out plans to continue to dominate the mobile payments space.
October 21st, 2014
Almost a quarter of Canadians (23%) have now made a mobile payment in-store with nearly a third (29%) having used their device to make an online purchase, new research from PayPal Canada has found. Nearly half (45%) of the respondents also agreed that Canadians are ready to embrace emerging methods of payments such as conducting a mobile payment via a wearable device.
October 20th, 2014
October 15th, 2014
Chinese online payments giant Alipay is offering US merchants the ability to accept payments from Chinese shoppers via a new service called ePass. The service lets retailers add Alipay as a checkout option and includes access to a “fast, reasonably priced” door-to-door shipping service. “Alipay ePass makes it simple for Western brands and retailers to profitably access the world’s largest ecommerce market,” the company says.