News about ecommerce.
November 26th, 2015
PARTNER NEWS: Mexican bank BBVA Bancomer has become the first to make use of digital giant Gemalto’s Dynamic Code Verification solution. The solution replaces traditional, static three-digit security codes with a dynamic CCV/CVC that changes every 20 minutes.
November 24th, 2015
Apple is planning to launch Apple Pay in China by 8 February 2016, according to the Wall Street Journal. “The Cupertino company has struck deals recently with China’s big four state-run banks,” the publication reports. “The effort could still face regulatory hurdles in China, where banking and ecommerce are overseen by a number of government agencies.” Reports that Apple Pay had “hit bumps” in China first emerged in February 2015.
October 26th, 2015
MasterCard has extended the capabilities of its tokenization service to enable payments to be made using “virtually any device”, including NFC-enabled clothing, jewellery and vehicle keyfobs. “Products will begin rolling out in 2016 in the US,” the payments network says, “with plans to expand to other markets.”
October 15th, 2015
PARTNER NEWS: Digital security giant Gemalto is to provide its mobile payment solutions to Dai Nippon Printing (DNP), an NFC technology supplier and solution provider for financial institutions in Japan. “DNP will operate Gemalto’s solutions,…
October 13th, 2015
PARTNER NEWS: Digital security giant Gemalto has launched Dynamic Code Verification, a payment security solution that replaces traditional, static three-digit security codes with a time-based dynamic CVV/CVC that changes every 20 minutes and can be…
October 8th, 2015
Bitcoin payment gateway BitPay has announced a new integration with point-of-sale terminal maker Ingenico that will allow consumers to use the virtual currency to make mobile payments at “thousands of retailer terminals worldwide”. The companies…
October 5th, 2015
Visual discovery app Pinterest is expanding its Buyable Pins, which let users make payments through Apple Pay, to more commerce platforms including Bigcommerce, IBM Commerce and Magento. “We’re also rolling out new Buyable Pins from Bloomingdale’s, Wayfair, DVF, Steven Alan and thousands of new merchants from our launch partners Demandware and Shopify,” the company writes in a blog post. More than 60m Buyable Pins have been activated since June 2015.
October 1st, 2015
Twitter is to integrate its Buy Now button technology with ecommerce platforms Bigcommerce, Demandware and Shopify to enable merchants including Best Buy, Adidas and PacSun to sell products via the platform. “With Buy Now, businesses can drive more conversions and remove much of the friction in the mobile purchasing process,” Twitter writes in a blog post.
September 29th, 2015
Chinese e-commerce giant Alibaba and its affiliate Ant Financial are to make a “strategic investment” believed to be worth some US$680m in Indian mobile payment platform Paytm through an agreement with its parent company One97 Communications….
September 28th, 2015
Shenzhen-based wearable device maker FiiSmart has launched a campaign on ecommerce giant Alibaba’s Taobao Crowdfunding website for a smartwatch that will support Ant Financial’s mobile payment platform Alipay and allow its wearers to make payments…
August 26th, 2015
PayPal has extended its One Touch mobile payments solution to 13 new markets: Australia, Austria, Belgium, Denmark, France, Germany, Netherlands, Norway, Poland, Spain, Sweden, Switzerland and Turkey. “Eligible merchants in these markets will automatically have One Touch enabled without needing to do any integration,” the company says. The platform was launched in August 2014 and is available in the US, UK and Canada.
August 25th, 2015
Fully converting payments to electronic, expanding card programs and adopting mobile/digital payments was the top priority for clients at the recent Bank of America Merrill Lynch Conference on Payments and Commercial Card. Meanwhile, 60% of the 175 companies and government agencies represented said adopting a mobile payments app was something they were “likely” to introduce.
August 7th, 2015
Only 49% of small business owners in the US that accept point-of-sale card payments today are aware of the EMV liability shift on October 1, with just 29% intending to make the change before the deadline and 34% intending to do so afterwards.
August 6th, 2015
India’s Axis Bank, HDFC Bank, ICICI Bank and State Bank of India (SBI) are to pilot a mobile payment service developed by Visa this summer that will let select customers make in-store, online and bill payments as well as send and receive money using their mobile devices.
August 6th, 2015
Twitter is reportedly integrating with e-commerce platform Shopify to offer its Buy buttons to a wider range of businesses. “Shopify has around 100,000 merchants in the US,” Re/code reports. “With a Twitter deal, those businesses would be able to sell their wares within tweets.” Pinterest and Facebook have already integrated with Shopify, while Twitter unveiled buy buttons on its site in September 2014.
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.