E-Commerce

“What?!” That’s the mildest reaction I get from my clients when I dispense the advice encapsulated in the title of this month’s column. “A password I remember I don’t need to write down, so it cannot be pilfered,” says the incredulous client. “Not so,” I reply, and people are not …

Merchants and card issuers have been hearing for several years that the advent of EMV chip cards at the point of sale in the United States would drive fraud into card-not-present channels, and now evidence is emerging that this is happening with a vengeance, even with companies like airlines that …

Are so-called bots the future of commerce? The digital gadgets took another step in that direction Tuesday with a flurry of announcements at a Facebook conference regarding new bot launches on the social network’s massive Messenger app. Mastercard Inc. said it has enabled its Masterpass digital wallet for use with …

In the run up to full implementation of 3-D Secure 2.0, a payment standard that aims to curb online fraud and prevent blocking legitimate transactions, merchants and issuers alike will need some convincing the technology will not impede e-commerce and mobile commerce. That’s the word from Tim M. Sherwin, chief …

Klarna Inc.’s new boss has big ambitions. Jim Lofgren, vice president of global accounts and partnerships for the Swedish payments processor’s U.S. operation, tells Digital Transactions News there’s plenty of room for growth in what many might perceive as a saturated market for retail credit. “In the U.S., we see …

Payments providers have long recognized how extending credit can create consumer transactions where none would otherwise have occurred, but lately the idea of instant credit is gaining momentum. Companies like Klarna and Affirm have made a splash with on-the-spot credit for online purchases. Now, Austin, Texas-based Vyze Inc. is out to …

Visa Inc.’s Visa Checkout online payment service now claims more than 20 million enrolled accounts, the payments giant announced Thursday. The service, which launched in July 2014, also added new merchants, among them major retailers and service companies including Wal-Mart Stores Inc. and its Sam’s Club unit, Avis Budget, and …

Jamie Walker’s growth mission as the newly anointed chief executive at Elavon Inc., the acquiring arm of U.S. Bancorp, is squarely focused on e-commerce and furthering the company’s partnerships. That isn’t to set aside its other distribution channels, such as independent sales organizations or its direct-sales efforts, Walker tells Digital …

• In a bid to reach cash-only customers, Amazon.com Inc. launched Amazon Cash, a service that gives users a barcode they can store in their smart phone or print and bring to a participating store to add cash to their Amazon balance. Participating stores include CVS, Speedway, Kum & Go, and …

By John Stewart @DTPaymentNews The future of checkout, the role of the big payments networks, and merchants’ card-acceptance costs preoccupied a panel of mobile-payments executives assembled Tuesday to assess the current state and near-term future of the still-developing payment technology. With respect to how in-store users should check out on …