Friday , October 19, 2018

E-Commerce

Global Mobile Contactless Payments To Hit $1 Trillion by 2022, Researcher Predicts

Mobile contactless payments are growing at a nearly 31% compounded annual rate and will exceed $1 trillion worldwide by 2022, according to a new forecast from 451 Research. The prediction is contained 451’s Global Unified Commerce Forecast, which estimates that total online commerce accounts for about 10% of purchases currently, …

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Bolt And BigCommerce Team Up on an Instant Checkout Service

BigCommerce Pty. Ltd., an e-commerce platform and online shopping-cart provider, is teaming up with payments provider Bolt Financial Inc. on an instant-checkout service for online merchants. Announced Tuesday, the service is available via a plugin for BigCommerce’s platform. Austin, Texas-based BigCommerce also released its Checkout JS Software Development Kit that …

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Eye on Data Breaches: British Airways Reports Hack; Survey Finds 21% of Equifax Victims Noticed ‘Unusual’ Financial Activity

Some 380,000 payment cards used by British Airways customers have been compromised in a data breach, and more than one in five consumers surveyed about last year’s massive breach at credit-reporting agency Equifax Inc. reported “unusual activity” in its wake, including new account openings. British Airways, one of Europe’s largest …

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Gateway Operators Slice Transaction Time in Half As Uptime Average Nears 100%

U.S. gateway providers have cut the average transaction time in half to 1.6 seconds from 3.2 seconds only a year ago, according to data compiled by Omaha, Neb.-based researcher The Strawhecker Group. Derived from the firm’s Gateway Enterprise Metrics platform that debuted in 2017, the results show that the 12 …

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PayRange Debuts PayRange Air and other Digital Transactions News briefs from 9/10/10

Merchant processor Paysafe launched Paysafe Accelerated Funding, which allows merchants to receive settlement of funds on the same day or next day. The service relies on arrangements the company has made with Ingo Money, a push-payments provider, and Company.com, a business-software aggregator. Vending-payments specialist PayRange Inc. launched PayRange Air, a …

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Data Breaches Register on the Stock Market, Too, And Payments Firms Are Hardest Hit

Data breaches bring a slew of bad consequences for the victim, not the least of which are the costs of lost business, remediation, and, possibly, litigation. But for publicly held entities, there’s an additional risk: a lasting hit to the share price. For 24 companies whose shares are traded on …

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Bitcoin Has Calmed Down—And Fees Have Gotten Cheaper—But Will Merchants Bite?

For all the gyrations Bitcoin and its enthusiasts have experienced over the past 12 months, the digital currency has managed to trace a relatively calm track lately. It remains, however, an acquired taste for users, and while some independent sales organizations have begun efforts in recent weeks to sell it …

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Transaction-Processor Stocks Beat the Market Once Again

Boosted by profits that mostly exceeded analysts’ expectations, payments companies in August once again beat the major stock indexes even though the markets themselves performed well, according to a new report from Barrington Research Associates Inc. Chicago-based Barrington said Wednesday that 27 publicly traded electronic-transaction processors it tracks posted a …

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PIN-on-Mobile Specialist MyPINPad Secures a Spot on the Thales Hardware Security Module

MyPINPad Ltd., developer of software-based PIN-pad technology, said Wednesday its technology is now embedded in the latest software release of the Thales payShield 9000 hardware security module. Often called PIN-on-mobile, the software from London-based MyPINPad enables secure PIN-pad transactions on consumer-grade mobile devices. Formerly, such transactions only were possible on …

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Adyen Touts Its 3-D Secure 2.0 Service As “First” to Market

The first commercial implementation of 3-D Secure 2.0, an online fraud-prevention tool, appears to be here. Processor Adyen N.V. announced Friday the launch of its 3DS 2.0 service, claiming it is the first to be available to merchants. 3-D Secure 2.0 is an EMVCo-maintained standard that aims to curb online …

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