E-Commerce

The Federal Trade Commission has launched a probe into whether security tokens issued by Visa Inc. and Mastercard Inc. interfere with the ability of processors to route debit card transactions to alternative networks, according to The Wall Street Journal. Network choice for debit card transactions is mandated by the Durbin Amendment to the 2011 …

PayPal Holdings Inc. has been on a drive for some time to reinforce consumer engagement with its products, and early Monday it launched its latest gambit to spur interactions with its still relatively new app. The so-called super app, launched a year ago, now includes a direct connection with Honey, …

Fintech app Karma launched Pay with Karma, an embedded checkout service that enables for consumers a simplified purchase experience across different retailers with multiple payment options.Ammo Inc., owner of GunBroker.com, an online marketplace for the firearms and shooting-sports industry, said it will launch a proprietary payment-processing platform on or about Jan. 1.Mastercard …

The controversy regarding fraud and scams on the Zelle peer-to-peer payment network reached a new level on Thursday with a short statement from Early Warning Services LLC, the bank-owned company that operates Zelle, referring to “misleading reports of fraud and scams” on the network and “incomplete” external analysis from outside …

Remitly Global Inc. Thursday announced it is making Visa Direct, Visa Inc.’s real-time push-payments platform, available to its customers in Canada. The deal expands Remitly’s online remittance service in Canada by providing Visa Direct as a payout option, the company says. With Visa Direct, Remitly customers in Canada can now …

Chargebacks are the bane of e-commerce retailers, but new data from ACI Worldwide Inc. indicate many may have them mostly in check. Separately, Forter launched Smart Claims, a product to help better manage chargebacks. Released Thursday, the new ACI data find that overall fraud attempts remained flat at 0.01%, despite …

Credit unions and other credit card issuers cheered as the provisions of the proposed Credit Card Competition Act fell short of becoming an amendment to a defense-authorization bill in Congress. The bill’s sponsors, including Sen. Richard Durbin, D-Ill., had attempted to attach the CCCA to the defense bill as a shortcut to making it …

A new Juniper Research report forecasted e-commerce fraud will exceed $48 billion globally in 2023, up from $41 billion in 2022.BJ’s Wholesale Club has selected Capital One as the issuer of the retailer’s cobranded Mastercard, which is set to launch early next year.Galileo Financial Technologies said it has been Visa Ready certified as an …

Retailer Hollister Co. announced Share2Pay, a payment option that enables consumers to share their digital shopping bag with their purchaser, such as a parent or grandparent, to complete the purchase. Developed in-house, the service, in testing, found that customers who shared their bags placed orders at almost twice the rate of other …

Electronic Verification Systems, a provider of identity- and age-verification solutions, early Monday announced the launch of AssurePay, a credit card-verification platform that EVS says authenticates consumer credit card information at the beginning of the payment process, instead of while the card data is being held for processing. To validate a …