Tuesday , January 16, 2018

E-Commerce

Lost Sales From Unfounded Rejections Dwarfs Actual Fraud Losses, Report Says

While a seemingly unending rash of data breaches has payments players scrambling to adopt a panoply of fraud-fighting technologies, little attention has been focused on the consequences for issuers and merchants when cardholders are wrongly turned down at the point of sale because of fraud suspicions. It’s a big problem—bigger …

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How Buy Buttons And Single-Click Tech Are Driving Commerce on Smart Phones

By John Stewart Larger screens, buy buttons, and streamlined checkouts are expected to combine to raise the profile of smart phones in e-commerce. And now there are numbers to show just how much retail sales volume the devices will generate. Smart phones will account for $27.7 billion in retail mobile …

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XpressBuy’s E-Commerce Deal Expands In-the-Moment Buy-Button Availability

XpressBuy Inc., developer of a buy button that can be used on the Web, in social networks, apps, and emails, says four of the largest e-commerce platforms have integrated its technology into their systems. Retailers using Demandware Inc., IBM Corp.’s WebSphere Commerce, Shopify Inc., and eBay Inc.’s Magento now can …

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Stripe’s Value Pegged at $5 Billion as Visa, AmEx Invest in the Online Payments Startup

Payments behemoth Visa Inc. has poured some cash into Stripe, an independent online-payments startup, which will be used to aid Stripe’s international expansion. The specific Visa investment was not disclosed. But adding in investments from Sequoia Capital and American Express Co. that were made alongside the one from Visa, Stripe …

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Backpage.com Sues Cook County Sheriff in Payment Card Acceptance Dispute

The owner of online classified-advertising portal Backpage.com is suing the sheriff of Cook County, Ill., in federal court for pressuring payment card networks to ban card purchases in Backpage’s adult section. The lawsuit filed Tuesday by Backpage.Com LLC in U.S. District Court in Chicago alleges Sheriff Thomas J. Dart engaged …

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Investors Give a Thumbs Up to the Newly Independent PayPal

After a 13-year absence, online-payments provider PayPal Holdings Inc. debuted Monday morning on the Nasdaq Stock Market as an independent company following its spin-off Friday from parent eBay Inc. Investors looking for growth opportunities in payments liked what they saw, pushing PayPal’s price up approximately 6% and valuing the company …

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As the Spinoff Looms, Investors Eagerly Await Unlocked Value in the Post-eBay PayPal

By Jim Daly Next week’s planned split of PayPal from parent company eBay Inc. has payments investors anticipating that plenty of locked-up value and growth opportunities will be released for the online payments leader. PayPal began trading on a so-called “when-issued” basis Monday on the Nasdaq Stock Market under the …

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Smart Phones Increase Dominant Grip on Mobile Payments, Adyen Report Shows

Smart phones continue to dominate mobile payments made by consumers, garnering 64.1% of all such mobile transactions in the second quarter of 2015, reports the Adyen Mobile Payments Index. That’s an increase from 61.8% in the first quarter, and handily bests mobile transactions made with tablets. The use of tablets …

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COMMENTARY: Don’t Let the Scourge of ‘Friendly Fraud’ Hurt Your Bottom Line

You may have heard the term, “friendly fraud.” It’s no surprise, then, that there’s nothing friendly about it. And it’s quickly becoming a major problem for merchants across the globe. Friendly fraud, also called friendly-fraud chargebacks or cyber-shoplifting, occurs when a customer makes a purchase online and then files a …

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Xoom Faces Growing Competition From PayPal and Traditional Wire-Transfer Rivals

Despite its strengths, online wire-transfer provider Xoom Inc. faces increasingly tough competition from newer market entrants such as PayPal Inc., which is taking its popular Venmo person-to-person payments service abroad, and from established agent-based providers such as The Western Union Co. and MoneyGram International Inc., which are increasing their online …

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