News about ecommerce.
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.”
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.
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…
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…
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.
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…
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.
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…
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…
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…
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.
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.
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…
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…
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…
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.
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.
June 15th, 2015
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…
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.