Visa and PayPal extend partnership to Europe — Visa — “The European partnership agreement makes it easier for financial institutions to offer their Visa account holders the ability to checkout anywhere PayPal is accepted online… It will also expand the acceptance of PayPal by European businesses that accept Visa in physical locations, providing growth opportunities for Visa, PayPal and their customers.”
ecommerce
Samsung Pay announces partnership to allow users to pay via PayPal
Samsung Pay announces partnership to allow users to pay via PayPal — Samsung — “Access to PayPal will be available for all Samsung Pay users in the United States and will expand to other countries soon. Additionally, through Braintree, a PayPal service, merchants will be able to accept Samsung Pay as a method of payment in-app and online.”
PayPal now available on App Store, Apple Music, iTunes and more
PayPal now available on App Store, Apple Music, iTunes and more — PayPal — “PayPal’s availability across Apple’s services further expands our vision of providing customers a variety of ways to easily make mobile purchases, such as asking Siri to make a payment using the PayPal app… Once PayPal has been selected, all future purchases with the customer’s Apple ID will be automatically charged to their PayPal account.”
Eftpos Australia completes contactless debit card and mobile payments upgrade
Australia’s Eftpos debit card network has completed an infrastructure upgrade that will enable its partners to roll out new products and services including Eftpos Tap & Pay and Eftpos Mobile payments. The update also includes Australia’s first domestic token service provider, “complete and ready for commercial deployment”. More
Alibaba’s self-service Tao Cafe takes e-shopping offline
Alibaba’s self-service Tao Cafe takes e-shopping offline — Xinhua — “Entry into Tao Cafe in Hangzhou, capital of east China’s Zhejiang Province, is through ticket gates similar to those at subway stations, however, customers scan their smart phones instead of tickets… The 200-square-meter store offering beverages, fast food and snacks can accommodate 50 customers at a time. To enter and make a purchase, shoppers require only a smart phone with Alibaba’s Taobao ecommerce app.”
Stripe strikes global partnerships with China’s Alipay, WeChat Pay
Stripe strikes global partnerships with China’s Alipay, WeChat Pay — Reuters — “‘If you are an internet business this unlocks a new vast customer base,’ John Collison, Stripe’s president and co-founder, said in an interview. In turn, Chinese consumers will have expanded choice as to which international online merchants they can purchase products and services from, he added.”
Alibaba challenges Google, Amazon with new Echo-like device
Alibaba challenges Google, Amazon with new Echo-like device — Bloomberg — “Importantly, the gadget — powered by the AliGenie system — may eventually simplify shopping for the Chinese e-commerce giant’s 450 million active buyers who turn to the website for everything from cherries to makeup. It will begin formal sales from August 8 only for China and won’t come with a display.”
Retailers to lose $71 billion in card-not-present fraud over the next five years
Retailers to lose $71 billion in card-not-present fraud over the next five years — Juniper Research — “The research predicted that three key battlegrounds would emerge in the fight against fraud in 2018. It cited machine learning as a key tool in identifying genuine users, while the shift to mobile ecommerce would rely on 3DS 2.0 and biometrics.”
US consumers turn to digital payments for online purchases
More than 70% of online shoppers across the US have used digital payment services including mobile wallets, one-click checkout buttons and peer-to-peer (P2P) payment apps, research released by American Express reveals, with 41% “always or sometimes” choosing to use digital solutions when they pay... More
Mobile payments for online purchases set to rise across the UK
Nearly six in 10 (58.6%) UK digital buyers aged 14 and over will make retail ecommerce purchases using their smartphone this year, research released by eMarketer predicts, with retail ecommerce sales through smartphones set to reach £16.42bn (US$22.16bn) in 2017... More
SingPost to add 50,000 NFC tags to delivery and collection points for greater operational efficiency
Singapore’s postal service provider SingPost is rolling out 50,000 NFC tags to delivery and collection points across the island and is to equip 1,000 postmen with NFC smartphones to “raise postal service quality and improve operational efficiency”... More
At Alibaba, artificial intelligence is changing how people shop online
At Alibaba, artificial intelligence is changing how people shop online — Alizila — “Alibaba is spreading artificial intelligence throughout its core e-commerce operations, making it a cornerstone technology to speed the arrival of what company officials envision to be the future of not only e-commerce, but all commerce.”
European consortium to develop pan-industry online identity platform
A group of German and other European companies including banks, vehicle manufacturers and technology providers have signed a “corresponding declaration of intent” to establish a joint, pan-industry platform that will let their customers use a “so-called master key” for registration and identification when accessing online services across a range of sectors including government, aviation and retail. More
Norwegian banks join DNB to make Vipps the ‘single mobile wallet’ for customers
More than 100 Norwegian banks are to take a stake in Vipps, the person-to-person mobile payment solution launched by financial services group DNB and Tata Consultancy Services (TCS) in May 2015... More
Mobile to account for 28% of online retail spending in Europe this year
More than a quarter of all online retail sales across Europe (27.9%) will be done using a mobile device in 2017, with UK consumers spending more money in-store, online and in-app using mobile devices than any other Europeans, research released by VoucherCodes.co.uk and the Centre for Retail Research (CRR) shows... More
Rakuten Pay to support 14 e-money services
Japanese ecommerce and internet giant Rakuten is to add support for 14 electronic money services to its in-store payment system from summer 2017... More
Amazon India launches online wallet
Indian shoppers on Amazon India can now store funds and complete online purchases in a new feature called Amazon Pay Balance, Live Mint reports... More
Microsoft previews online payments API
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... More
Paypal partners with US bank and fintech provider
Paypal has announced new partnerships with US bank Citi and financial technology services provider Fidelity National Information Services (FIS)... More
Visa and Mastercard tokenization deal will ‘simplify and secure payment experience’
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 has told NFC World... More