Shopify Inc. can eliminate learning new languages from its list of objectives. The online-commerce company announced this week it was adding 2Checkout’s payment technology, which processes payments in 26 currencies in 196 countries, to its POS software. The move does not displace the back-end payment-processing compact between Shopify and …
Read More »PayPal Enjoys Another Strong Quarter, Though eBay Boss Says Little About Offline Growth
EBay Inc.’s first-quarter conference call Tuesday was as remarkable for what chief executive John Donahoe did not say as for what he did say. Asked by a stock analyst for an update on PayPal Inc.’s move into physical stores, Donahoe added little to what eBay and its PayPal unit have …
Read More »Vesta Debuts New Gateway for E-retailers in Advance of Expected Jump in Card-Not-Present Fraud
Card-not-present merchants contending with the double-digit growth of e-commerce and mobile commerce often face more exposure to fraudulent transactions. Vesta Corp., an Alpharetta, Ga.-based payments-security company, says its new payment gateway vSafe can help reduce that fraud. n The gateway relies on data from more than 1 billion transactions made …
Read More »Startup PayStand Targets Online Sellers with Bitcoin Option, Fixed Monthly Fees
Merchants that think payment services should leverage software, be simple to integrate, carry low or no fees, and include digital-currency choices have a champion in PayStand, a startup that emerged Tuesday from private beta with $1 million in funding and a promise of no transaction fees for online sellers. The …
Read More »Square Market Accepts Bitcoin As Good News/Bad News Pattern Continues for Currency
The up-and-down course Bitcoin has followed in recent months continued on Monday as Square Inc. announced it has started accepting the digital currency on Square Market, the online marketplace it unveiled last June. The news lent some legitimacy to Bitcoin just as the currency was reeling from an Internal Revenue …
Read More »Tokenization for E-Commerce Takes Key Step Forward with CardinalCommerce Patent
At a time when both banks and retailers are reeling from a rash of payment-data breaches, a technology company that has developed a system some believe could stop these breeches has announced that it has secured new patent protection for its technology. Mentor, Ohio-based CardinalCommerce Corp. said this week it …
Read More »Smucker’s Hacked E-Commerce Site To Reopen Soon; Sally Beauty Confirms Breach
The J.M. Smucker Co.’s online store is expected to reopen next week, nearly a month after the jam-and-jelly producer closed it after discovering that hackers had broken into its computer system and stolen payment card data and other personal information on up to 23,000 customers. In other data-security news, beauty …
Read More »Hopes for a Battered Bitcoin Buoyed by Major Merchant Announcements
Despite Bitcoin’s recent travails, the fledgling digital currency has begun to win support from some of the nation’s best-known merchants. This week came news that department-store chain Lord & Taylor will start accepting Bitcoin through a mobile app called Pounce. The news followed upbeat Bitcoin results released by online retailing …
Read More »Look Within Thyself for the Most Effective Fraud-Prevention Solutions, Some Merchants Say
The coming of Europay-MasterCard-Visa (EMV) chip cards to the U.S. has many American merchants worried about the inevitable shift of credit and debit card fraud from the point of sale to online channels. EMV cards, while highly effective in thwarting counterfeiting and related card-present fraud, offer no more fraud protection …
Read More »Report Documents the March of Online Alternatives to the Payments Mainstream
Alternative payments? So many people are now using services such as PayPal, Amazon Payments, Google Wallet and others that the term is becoming outmoded. In a new report, Javelin Strategy & Research says eight in 10 online shoppers have used an online alternative payment service in the past year, and …
Read More »
