E-Commerce

Bitpass Inc. is expected to announce next week a new processing platform that will, among other things, allow consumers to set up electronic wallets they can use to both pay for and store digital content like songs, videos, and games. The new platform, called the iMedia Commerce Engine, will support …

Problems with transactions could cost e-commerce merchants and other Internet businesses some $60 billion in sales through 2010, according to a consumer survey released Monday. Altogether, 88% of consumers reported problems with transactions at shopping, banking, travel, and insurance sites. About one-third of consumers who run into checkout or payment …

Yodlee Inc. announced Tuesday it plans to introduce new technology that could heat up competition in electronic bill payment by letting consumers switch more easily from an online bill-payment program at one bank to that offered by another. The Redwood City, Calif.-based provider of Internet banking software says it will …

July was a month of mixed news on the online-fraud front, as the number of unique reports of phishing attacks dropped 17% from June, to 23,670, but the population of Web sites hosting attacks ballooned 41%, to a record 14,191, according to the latest numbers from the Anti-Phishing Working Group, …

Looking to make inroads in the U.S. mobile-commerce market, Valista Ltd. has launched a hosted version of its payments-gateway product and has aimed it squarely at mobile operators hoping to cash in on the trend toward so-called off-deck transactions. The payments-software vendor, based in Dublin, Ireland, and in San Mateo, …

As an e-commerce payment system being developed for the automated clearing house nears a pilot scheduled for early next year, it may confront an old issue that sank an earlier such project: the potential for lost credit card sales online. That's according to an in-depth story on the ACH and …

Phishing hit record levels in June, according to new numbers released this week by the Anti-Phishing Working Group, though the group cautions that the increase was caused in large part by new data sources that drove up the sample size. The number of unique reports of phishing attacks hit 28,571 …

When online auction giant eBay Inc. barred Google Checkout from its marketplace, the move led to widespread industry speculation that eBay, which owns rival online payment processor PayPal, was discriminating against the weeks-old Google Inc. payment product. But a PayPal executive tells Digital Transactions News eBay's action had nothing to …

Pursuing a 2-year-old push to sell acceptance to online merchants, PayPal Inc. reached a milestone in that effort with this week's high-profile signing of bookseller Barnes & Noble Inc.'s Web site. The nation's largest bookstore chain's e-commerce operation should help the San Jose, Calif.-based online transaction processor further reduce its …

Seeking to address industry uncertainty about its guidelines on online-banking security, the Federal Financial Institutions Examination Council this week released a set of clarifications it says addresses “a representation” of questions it has received from banks, technology companies, and banking examiners. This latest document from the FFIEC, an agency that …