Saturday , September 22, 2018

E-Commerce

Etsy Adds Apple Pay on the Web and other Digital Transactions News briefs

• Rite Aid Corp. announced that American Express Co. cardholders now can use their Membership Rewards points for purchases at its drugstores. They also can use their Plenti points earned using the AmEx-backed coalition rewards service • Growth in consumer revolving credit cooled off to a 5.2% seasonally adjusted annualized rate in …

Read More »

Apple Pay Online And a Messenger Integration Hold Promise for a Growing Shopify

By John Stewart @DTPaymentNews Shopify Inc. reported on Wednesday that it is starting to see positive response from its very recent moves to adopt Messenger for their users. Besides the Apple Pay and Messenger initiatives, Shopify also launched a new app in September that the company says allows merchants to …

Read More »

Though More Consumers Shop in Stores, Most Research Online First: Survey

Consumers may shop in stores more than they do online, but for most—93%—the research into these purchases is taking place online, finds a survey released Tuesday by Revel Systems, an iPad-based point-of-sale system provider. More consumers, 86%, shopping in person at least twice in the month proceeding the July survey …

Read More »

Forecasters Predict the New 3-D Secure Will Be More Popular Than Its Predecessor

By Jim Daly@DTPaymentNews The new version of the 3-D Secure online-authentication technology is better for merchants and consumers and thus likely to get more adoption than the old version, according to security experts. EMVCo, the chip card standards body owned by the world’s six leading payment card networks, released 3-D …

Read More »

Online Merchants Fear Fraud, But the Bigger Problem is False Declines–And It’s Getting Worse

By John Stewart@DTPaymentNews Online merchants are dreading an onslaught of fraud, but what they should really brace for is a much bigger problem: so-called new version, which comes from EMVCo, the standards body controlled by the global card brands, will work in-app as well as within browser-based shopping sessions and …

Read More »

MasterCard’s Chatbots and other Digital Transactions News Briefs

• Chip card standards body EMVCo issued 3-D Secure 2.0, its update of the 3-D Secure technology for protecting e-commerce transactions. The new specification supports app-based purchases on mobile and other devices and will streamline the checkout process in order reduce transaction abandonment, EMVCo says. • MasterCard Inc. announced plans to …

Read More »

Consumers Willing To Take Extra Steps To Avoid Online Fraud, an AmEx Survey Says

By Kevin Woodward@DTPaymentNews Consumers appear willing to take more steps to mitigate their online-fraud exposure than merchants are willing to provide, with 78% of consumers willing to enter a card-verification code, but only 57% of merchants requiring it, finds a new American Express Co. survey. Consumers are willing to take …

Read More »

Visa Sets April 2018 Deadline for European Issuers To Support 3-D Secure Version 2.0

By Kevin Woodward@DTPaymentNews Visa Inc. announced Thursday that credit and debit card issuers in Europe will be the first issuers to adopt Visa’s program for using 3-D Secure 2.0, the impending update to an authentication protocol for online transactions originally introduced more than a decade ago. Visa said certain rules, …

Read More »

Recent Pacts With Visa And MasterCard Begin to Bear Fruit for an Ambitious PayPal

Just three months after forging a landmark agreement with Visa Inc., and not quite two months after doing a similar deal with MasterCard Inc., PayPal Holdings Inc.’s top brass on Thursday indicated the agreements are already paying dividends for the San Jose, Calif.-based digital-payments company. “Our customers are now able …

Read More »

How Bots And Natural-Language Searches Could Drive Mobile Shopping And Payments

By John Stewart @DTPaymentNews Ever since the advent of mobile shopping, experts have cautioned that spending in the new channel would be hampered by small screens and clunky interfaces. Now, though, relatively new technology like natural-language interfaces and so-called bots may be coming to the rescue. A new study released …

Read More »