News about ecommerce.
December 20th, 2016
Indian shoppers on Amazon India can now store funds and complete online purchases in a new feature called Amazon Pay Balance, Live Mint reports. “Amazon Pay Balance can be credited with money using internet banking and credit or debit card, and used for multiple payments for purchases from the ecommerce portal,” it says. The feature “will also enable faster refunds” to Amazon Pay Balance rather than to the user’s bank account or credit card.
December 19th, 2016
Microsoft has unveiled a preview implementation of the Payment Request API in Microsoft Edge that will enable online payments on Windows 10 through Microsoft Wallet. “You can begin to develop for the Payment Request API today in Microsoft Edge on preview builds, starting with Windows Insider Preview build 14986,” Microsoft writes in a blog post. “The Microsoft Wallet user experience allowing for end-to-end testing will be available in an upcoming Insider build soon.”
December 16th, 2016
Paypal has announced new partnerships with US bank Citi and financial technology services provider Fidelity National Information Services (FIS). The deal with Citi will see Citi cardholders able to use their card through PayPal at the point of sale, where Visa or Mastercard contactless payments are accepted. PayPal adds working with FIS would allow them to “provide a more seamless way for their thousands of bank issuers to drive more digital spend with their customers through PayPal accounts”.
December 16th, 2016
The tokenization agreement signed yesterday by Visa and Mastercard will help to address the “lack of comprehensive tokenization across brands”, a key merchant barrier to adopting the technology, Visa’s VP of digital products Vish Shastry…
December 9th, 2016
The Reserve Bank of India has removed two-factor authentication — involving the use of one-time passwords sent to mobile phones — for online card transactions up to Rs 2,000 (US$29), Live Mint reports. “Discarding two-factor authentication is an opt-in service, which means that customers will have to specifically opt for it.” The move follows the withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes.
November 28th, 2016
South Africans can now use Mastercard’s Masterpass digital wallet to pay for goods and services at more than 30,000 merchants accepting SnapScan in South Africa, using their mobile phones by scanning a QR code at…
November 24th, 2016
McDonald’s South Africa is piloting a mobile payment service at select restaurants in Johannesburg and Cape Town using social messaging app WeChat Africa, enabling customers to complete purchases by presenting QR codes generated by the…
November 11th, 2016
China is leading the US when it comes to mobile commerce, with nearly twice as many Chinese consumers making a mobile purchase over the previous 12 months than their American counterparts, a study by the…
November 4th, 2016
Half of banking customers around the world are using the products or services of at least one fintech firm, according to the first World FinTech Report (WFTR) from Capgemini and LinkedIn, but customer trust in…
October 31st, 2016
Alipay has signed a memorandum of understanding (MOU) with Commonwealth Bank of Australia to enable in-store and online payments for Chinese tourists in Australia. “The two companies will work together to make it easier for Australian consumers to pay for purchases made through Alibaba Group’s ecommerce websites,” the bank says. “Commonwealth Bank and Alipay will also work together on a simple payment solution that allows Chinese tourists and Chinese students to use Alipay in-store,” enabling Alipay as a payment option through the bank’s Albert smart payment terminals.
October 26th, 2016
An update to the EMV 3-D Secure specification means both biometrics and one-time passcodes can now be used to add security to card-not-present transactions. “The new specification provides a globally interoperable framework that promotes a consistent consumer experience across all ecommerce channels and connected devices when authenticating a cardholder,” payments standards body EMVCo says. The EMV 3DS 2.0 specification can be downloaded, royalty free, from the EMVCo website.
October 25th, 2016
Visa is allowing third-party partners to offer its Visa Token Service (VTS) platform, allowing device manufacturers, issuers, internet of things developers, wallet providers, merchants and others to offer its digital payment service on any device….
October 25th, 2016
In-store mobile payments have experienced a “long and difficult road” but the functionality is now starting to resonate with consumers, PayPal’s EVP and chief operating officer Bill Ready has told attendees during a keynote at Money20/20….
July 19th, 2016
Chinese internet giant Alibaba has unveiled a new “internet car” that will let drivers make mobile payments from their seat using affiliate company Ant Financial’s Alipay mobile payment platform.
June 21st, 2016
PARTNER NEWS: The Geantet-Pansiot vineyard estate in Burgundy, France is to equip all of its wine bottles with an NFC tag to let its customers authenticate the beverage and receive information about the wine directly on their smartphone.
June 15th, 2016
Merchants with online stores powered by ecommerce platform Shopify will be able to accept Apple Pay for online payments in every country at no extra cost. “You can enable Apple Pay if you’re using Shopify Payments or these other payment gateways — Stripe, Braintree, FirstData, Payeezy, Authorize.Net or CyberSource,” Shopify says. “To activate, simply go to your payment settings in Shopify and click Activate under the Apple Pay section.” Apple announced its plans to take Apple Pay to the web at WWDC earlier this week.
April 5th, 2016
Amazon has launched the Amazon Payments Partner Program, a new service designed to enable ecommerce platform providers and developers to offer merchants Amazon Payments, which allows customers to log in and pay using their account with the online retail giant. “The program is free to participate in and available by invitation in the US, Germany, UK and Japan,” Amazon says.
March 16th, 2016
Supporters of cancer charity Institut Curie can make donations to its annual Une Jonquille pour Curie (A daffodil for Curie) campaign and purchase a daffodil or a pin by touching their contactless cards against specially adapted advertising screens at France’s Paris Saint-Lazare train station.
March 7th, 2016
Mobile payments platform PowaTag has been sold to a consortium led by entrepreneur Ben White, administrator Deloitte has confirmed, following news that its parent company Powa Technologies went into administration last month. The company’s ecommerce platform PowaWeb has also been sold to UK-based digital business group Greenlight Digital. The Financial Times reports that the sales were for “undisclosed amounts” and questions the “typically used” valuation of Powa Technologies at US$2.7bn.
February 18th, 2016
PARTNER NEWS: Bell ID has added support for Android Pay to its Token Service Provider (TSP) solution, allowing its customers at issuing banks, payment schemes and processors to keep tokenization and detokenization in-house when they offer secure NFC payments on Android phones using Google’s payment system.