After a 13-year absence, online-payments provider PayPal Holdings Inc. debuted Monday morning on the Nasdaq Stock Market as an independent company following its spin-off Friday from parent eBay Inc. Investors looking for growth opportunities in payments liked what they saw, pushing PayPal’s price up approximately 6% and valuing the company …
Read More »As the Spinoff Looms, Investors Eagerly Await Unlocked Value in the Post-eBay PayPal
By Jim Daly Next week’s planned split of PayPal from parent company eBay Inc. has payments investors anticipating that plenty of locked-up value and growth opportunities will be released for the online payments leader. PayPal began trading on a so-called “when-issued” basis Monday on the Nasdaq Stock Market under the …
Read More »Smart Phones Increase Dominant Grip on Mobile Payments, Adyen Report Shows
Smart phones continue to dominate mobile payments made by consumers, garnering 64.1% of all such mobile transactions in the second quarter of 2015, reports the Adyen Mobile Payments Index. That’s an increase from 61.8% in the first quarter, and handily bests mobile transactions made with tablets. The use of tablets …
Read More »COMMENTARY: Don’t Let the Scourge of ‘Friendly Fraud’ Hurt Your Bottom Line
You may have heard the term, “friendly fraud.” It’s no surprise, then, that there’s nothing friendly about it. And it’s quickly becoming a major problem for merchants across the globe. Friendly fraud, also called friendly-fraud chargebacks or cyber-shoplifting, occurs when a customer makes a purchase online and then files a …
Read More »Xoom Faces Growing Competition From PayPal and Traditional Wire-Transfer Rivals
Despite its strengths, online wire-transfer provider Xoom Inc. faces increasingly tough competition from newer market entrants such as PayPal Inc., which is taking its popular Venmo person-to-person payments service abroad, and from established agent-based providers such as The Western Union Co. and MoneyGram International Inc., which are increasing their online …
Read More »PayPal and eBay Will Officially Go Their Separate Ways July 17
Directors of online auction and e-commerce giant eBay Inc. on Friday formally approved previously announced plans to separate eBay from its big payments subsidiary, PayPal Inc. The separation becomes official July 17, when, under a stock distribution plan, eBay shareholders of record on July 8 will get one share of …
Read More »How Its PocketMath Deal Bolsters XpressBuy’s Push for Multiplatform Buy Buttons
While social networks like Facebook, Twitter, and Pinterest develop so-called buy buttons for the ads they sell, third-party developers are looking at extending the same technology across not only social networks but apps, mobile sites, and even emails. One of the most aggressive of these developers, Santa Clara, Calif.-based XpressBuy …
Read More »Vantiv Wins the U.S. Postal Service’s Merchant-Processing Business
Merchant processor Vantiv Inc. has won one of the biggest retail merchant-processing contracts out there—the U.S. Postal Service’s credit and debit card business, including its USPS.com online component. Counting post offices, branches and substations, the Postal Service has more than 35,000 retail outlets in all 50 states, U.S. territories and …
Read More »POS Fraud Slipping, but Watch Out for Account Takeovers and Online Fraud: Report
Point-of-sale payment card fraud will be easing off thanks largely to the introduction of EMV chip card payments to the United States in the next few years. But fraudsters, according to a new report from Javelin Strategy & Research, will be back in stores armed with cards using stolen credentials …
Read More »Mobile Commerce on Smart Phones Accounts for 18% of Online Orders, Demandware Reports
U.S. consumers shopping online in the first quarter of 2015 used smart phones to place 18% of all online orders. That’s according to the Demandware Shopping Index. Demandware Inc. is a Burlington, Mass.-based e-commerce platform. The index found that smart phones, too, accounted for 38% of the overall Web traffic …
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