Wednesday , July 18, 2018

E-Commerce

COMMENTARY: Consumers Want Less Friction AND More Security. Can You Do That?

The new era of data breaches and privacy failures has had far-reaching effects. Personal information is packaged, sold, and distributed on the dark Web, leaving consumers feeling uneasy. Americans want to be protected, but also want convenience, and are holding businesses to high standards, even higher than what they hold …

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Ethiopian Airlines Adopts a Platform From Carrier-Payment Specialist Cellpoint Mobile

Ethiopian Airlines, which flew more than 8.7 million passengers in 2017, will use the Cellpoint Mobile payment platform across its domestic and international operations for tickets and related transactions, Miami-based Cellpoint Mobile announced Sunday. In addition to common payment acceptance, the deal also will enable Ethiopian Airlines, which flies 100 …

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Mobile POS Devices To Reach 27 million by 2021 and other Digital Transactions News briefs from 7/2/18

Mobile-commerce technology provider Shopgate Inc. said it has joined the Shopfiy Plus Technology Partner Program, which will allow Shopify Plus merchants to access Shopgate’s mobile-app platform. The installed base of mobile point-of-sale devices in the United States will grow to 27.7 million by 2021, compared to 3.2 million in 2014, …

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A Low-Friction Online Payment Button Debuts To Aid Nonprofits And Journalism Sites

LaterPay Inc. released its LaterPay button as a tool to decrease payment friction, especially for nonprofit organizations and journalism sites, the company announced Thursday. Munich-based LaterPay, which has a U.S. office in New York City, says the button is designed to be a low-friction way to enable consumers to make …

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Account Takeovers And Digital-Goods Fraud Attacks Show No Signs of Abating

Merchants selling digital goods were dealt a heavy blow last year as the fraud rate for the category soared 167%, finds the Fraud Attack Index from online-fraud prevention specialist Forter and the Merchant Risk Council, a merchant group that addresses fraud prevention. Released Tuesday, the index also found that account …

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A Divided Supreme Court Upholds AmEx’s Anti-Steering Rules

In a 5-4 decision, the U.S. Supreme Court ruled Monday that American Express Co.’s anti-steering rules for merchants do not violate federal antitrust law. The conservative majority’s decision, written by Justice Clarence Thomas, caps a case that dates back to 2010 and involves merchants who wanted to steer merchants to …

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PayPal Opens Its Wallet Again, This Time To Buy Hyperwallet for $400 Million

Its pending $2.2 billion acquisition of Sweden’s iZettle still awaits final approval, but that didn’t stop PayPal Holdings Inc. from announcing late Tuesday that it has a deal to buy payout provider Hyperwallet for $400 million in cash. San Francisco-based Hyperwallet is an international specialist in provisioning payments, commissions, and …

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COMMENTARY: Adyen And the New Age of Global Payments Processing: Part II

Adyen touts its omnichannel approach. It has integrated e-commerce with in-store sales, for example, at hip men’s clothier Bonobos. The Dutch processor’s growth locomotive, however, is, and for the foreseeable future will remain, e-commerce. While not enjoying Mastercard’s network power, Adyen has built platform economics by credentialing and securely integrating …

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Survey Identifies Emerging Anti-Fraud Tools Favored by E-Commerce Merchants

The fraud-fighting tools of the future for e-commerce retailers include artificial intelligence, multimerchant velocity checks, and fingerprint identification, according to a poll of 166 merchants for the Federal Reserve Bank of Minneapolis. None of those newer tools is in widespread use today, but more merchants plan to use them going …

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COMMENTARY: Adyen And the New Age of Global Payments Processing: Part I

Dutch payments processor Adyen N.V. is in the limelight just as the payments business has gotten hot. Ant Financial just raised the biggest private funding round ever—$14 billion at a $150 billion valuation, in part on the back of its Alipay unit. These are new and nontraditional entrants. The old …

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