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ECommerce Payments

Welcome to the News View for "ECommerce Payments".

Here, on these archive pages, you'll find all of the articles on Payments News for ECommerce Payments listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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May 22, 2013

Headline News - May 22, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

May 09, 2013

Headline News - May 9, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

May 03, 2013

Chart of the Week - UK Card Fraud Losses (2001-2011)

In our Chart of the Week last week, we looked at the relationship between the unemployment rate in the US and outstanding consumer revolving debt.

This week's chart of the week looks at the history of card fraud losses in the UK - as cited in the recent report "The U.S. Adoption of Computer-Chip Payment Cards: Implications for Payment Fraud" by Richard J. Sullivan of the Federal Reserve Bank of Kansas City. In the UK and a few other countries, these kinds of card fraud loss statistics are collected by the industry and shared publicly - unlike currently in the US.

UK Card Payment Fraud 2001 2011

Sullivan's article "examines how computer-chip cards work differently from magnetic-stripe cards, describes the security improvements offered by the chips, and reviews their mixed track record at defeating fraud in other countries."

The top dotted line in the chart represents the total card fraud losses on UK issued cards. The darker line below that represents fraud losses on IMOTO (Internet, mail order, and telephone order) card-not-present transactions while the third line below represents card fraud losses associated with counterfeit card transactions.

EMV chip card deployment took place in the UK during the shaded 2003-2006 time frame. Sullivan notes that the implementation of EMV initially helped reduce counterfeit card losses but that, because those cards still had magnetic stripes on them, fraudsters could still counterfeit them and use them at mag stripe acceptance locations outside the UK.

Sullivan goes on to comment:

After 2008, fraud losses with counterfeit cards and on IMOTO transactions declined. The decline was due to two factors. First, more merchants and ATMs on the European mainland had converted by that time to accept EMV payment cards, so fraudsters with counterfeit magnetic-stripe cards could no longer easily find locations where mag- netic-stripe cards were accepted, merely by crossing borders. Second, increasingly, merchants in the UK were adopting 3D secure systems for their IMOTO transactions."

May 01, 2013

Headline News - May 1, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

April 30, 2013

PayPal Enhances Commerce Identity Solution with "Log In with PayPal"

PayPal logo 140x60pxPayPal has introduced Log In with PayPal - the latest version of what was formerly known as PayPal Access.

According to the company, "Log In with PayPal, provides everything consumers and merchants need to create an account and complete a purchase - including user identification, shipping information, payment details and checkout." This new version has been tailored for mobile devices and fully integrates PayPal's checkout experience for the first time.

Headline News - April 30, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

April 25, 2013

Headline News - April 25, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

April 17, 2013

A Look at PayPal's 1Q2013 Financial Results

PayPal logo 140x60pxPayPal's parent eBay has announced financial results for 1Q2013.

The company's PayPal business delivered strong first quarter performance with revenue increasing 18% to $1.5 billion. PayPal gained 5 million active registered accounts in the period and ended the quarter with 128 million, a 16% increase.

PayPal's net total payment volume (TPV) grew 21% to $41 billion, driven by consumer and merchant use of PayPal both on and off eBay. PayPal continues to invest in growing its addressable market, product development, customer engagement and consumer awareness.

The company's mobile payment solution for small business, PayPal Here, became available for sale at more than 2,700 SoftBank locations across Japan and the iPad version of the product was launched in the U.S. PayPal also announced the chip and PIN version of PayPal Here in the U.K. which it plans to roll out this summer.

PayPal's offline initiatives are now live in almost 20,000 major retail locations in the U.S.

eBay reports that the PayPal 'take rate" was 3.77% in 1Q2013, up from 3.72% in the prior quarter and but down from the 3.87% reported a year earlier. Transaction expenses were 1.05%, up slightly from 1.03% in the prior quarter. The loss rate was 0.29%, up 1 basis point from the prior quarter.

China CITIC Bank, MasterCard to Cooperate on Virtual Payments

MasterCard logo 140pxMasterCard has announced that it has signed a Memorandum of Understanding (MOU) with China CITIC Bank for "strategic cooperation in the virtual payments space within and outside China. The two parties aim to jointly develop and promote innovative products and services including Quick Response” (QR) code services, and collaborate to provide a safe and efficient payment experience for domestic and overseas cardholders and merchants."

This collaboration with MasterCard, a technology company in the global payments industry, will build a solid foundation for China CITIC Bank to become China’s global bank card, expanding its footprint worldwide, driving cross-border settlements and improving the cardholder shopping experience outside of China.

April 12, 2013

Headline News - April 12, 2013

On the web:

On the wires:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated.

September 28, 2010

U.S. Merchants Enter Holiday 2010 Season on a Foundation of Retail Momentum

chart_growth_140px.pngMarketLive, a hosted eCommerce provider, has announced aggregate performance indicators of their mid-sized retailers for the first nine months of 2010. During the period January 1, 2010-September 20, 2010, retailers experienced a record 44.5% increase in traffic to their sites, resulting in the creation of 55.9% more carts and a 32.4% overall growth in orders. Revenue also increased by 23.3% over the same period in 2009 and units sold increased by 45.5%.

September 27, 2010

UK Merchants Discover the Hidden Costs of eCommerce

ChasePaymentech_logo-140px.jpgChase Paymentech Europe has announced results on an independent national merchant survey, finding that "79% financial directors thought that their CNP payment capability had developed in a less than ideal way; a figure which rose to 94% in large organizations. The research also found that 68% of merchants still relied on manual CNP payment processing, requiring staff to process and reconcile CNP data manually, placing a huge strain on finance departments." It's even worse for cross-border sales.

September 02, 2010

Apple Updates iTunes Payment Stats

apple_logo_80px.pngApple made a slew of announcements yesterday largely focused on its consumer entertainment franchise. If you're into consumer gadgets, gizmodo has a nice run down on what was announced. On the payments front, Apple also boasted that there are now 160 million iTunes accounts, each one of which has a payment card on file. The company also mentioned that it now supports 1-click shopping in 23 countries.

August 30, 2010

Eight out of Ten US Consumers Shop Online at Least Once a Week

survey_graphic.pngCompete recently released the findings of its quarterly Online Shopper Intelligence Study, revealing that 83% of consumers are shopping online at least weekly. The Q2 report was compiled from a survey of 3,119 online purchasers between May and July 2010. READ MORE »

August 25, 2010

Alipay and iPay88 Form Strategic Partnership in ePayments

alipay_logo_115px.pngiPay88, a large eCommerce platform in Malaysian, and Alipay, China’s leading online payment service, have announced a strategic partnership. Under the agreement, Alipay will be able to provide its users with the ability to purchase goods from more than 2,000 Malaysian merchants who use iPay88, and iPay88 merchants will have access to Alipay’s more than 300 million registered users in China.

August 10, 2010

US Retail Q2 2010 eCommerce Spending Up 9%

comScore_logo-140px.jpgcomScore has released its Q2 2010 U.S. retail eCommerce sales estimates, which showed that online retail spending reached $32.9 billion for the quarter, up 9% versus year ago. This growth rate represented the third consecutive quarter of positive year-over-year growth following a year of flat or negative growth rates. READ MORE »

August 05, 2010

eCommerce Grew 39% in Latin America and the Caribbean in 2009

A recent study commissioned by Visa revealed that eCommerce grew by 39.2% in 2009 in Latin America and the Caribbean region, reaching US$21.8B. Various drivers contributed to regional e-Commerce growth, including changes in consumer behaviors, perception and demand; increased computer and broadband penetration and improvements in online security; expansion of key industries such as travel & tourism; as well as the addition of large-scale merchants, especially in Brazil.

It is forecasted that by the end of the 2011 year, the region will experience a 58% increase in e-Commerce, realizing a total of US$34.5B. READ MORE »

July 21, 2010

eBillme Online Spending Index Shows Signs of eCommerce Sales Growth

eBillme_logo-140px.jpgeBillme has announced its latest quarterly eBillme Online Spending Index finding that 17% of consumers plan to do their back to school shopping online this year, a five percent increase over last year.

According to the Q3 Index, consumers are planning to spend an average of $271.77 online, an 8% increase over Q2 and 20% over Q3 2009.
In addition, this quarter, consumers were surveyed about back-to-school spending. Shoppers plan to spend an average of $516.96 on back-to-school, both online and offline. 18-24 year-olds plan to do the most back-to-school shopping online this year with 30% expecting to buy from eCommerce sites, 13% above the overall average. READ MORE »

July 05, 2010

British Companies Struggling With International Payment Systems, Hindering European Expansion

ChasePaymentech_logo-140px.jpgChase Paymentech Europe has announced results from a national survey today exploring the challenges faced by UK firms in ‘Customer Not Present’ (CNP) payments. The survey conducted for Chase Paymentech by independent research company, Dynamic Markets, showed that 30 percent of the 200 businesses questioned had international growth plans within the next one-to-two years, but that most did not have the payment systems in place to properly support European customers. READ MORE »

June 30, 2010

Zuora Announces Z-Commerce for the Cloud

ZuoraZuora has announced the release of Z-Commerce for the Cloud earlier this week at GigaOM’s Structure 2010 event in San Francisco. According to the company, "Z-Commerce for the Cloud enables the new business models introduced by cloud computing that enterprise customers now demand. The new solution is the result of 12 months of development with cloud leaders including Cloud Central, EMC, IC&S, Nu-b, Sun, Tata, and Zetta." READ MORE »

June 24, 2010

Visa Launches payclick in Australia - "A New Way to Pay Online"

payclickVisa has announced the launch of payclick by Visa - calling it "a new way to pay online, that is ideal for downloadable content such as music, games and movies. payclick was developed by Visa and Australian consumers are the first to experience this innovative transaction service." READ MORE »

June 16, 2010

Acculynk Announces Agreement with Jeanie for Internet PIN Debit

AcculynkAcculynk has announced that is has entered into an agreement with Fifth Third Processing Solutions' Jeanie Network to offer Acculynk's Internet PIN debit solution, PaySecure, to Jeanie participants this year. READ MORE »

June 02, 2010

Paysafecard, GlobalCollect Partner to Cover Latin American Market

paysafecardFollowing the recent entry of paysafecard into the Latin American market, GlobalCollect has announced it has increased the number of countries where it offers this payment method to include Argentina. According to the companies, "paysafecard enables consumers to make online cash payments in local currencies without needing a bank account or credit card. In a region where - according to the World Bank - only 30% of adults have a bank account, offering alternative payment methods such as cash and prepaid is crucial for e- commerce merchants to succeed. paysafecard is being distributed via 3,500 outlets in Argentina, which will be the company's base for further expansion into Mexico." READ MORE »

June 01, 2010

Magento Introduces Magento Mobile for Merchants to Mobilize

MagentoMagento has introduced Magento Mobile - calling it "a new product that addresses the need for merchants to reach consumers through mobile devices." Magento mobile integrates with Magento’s e-commerce platform and uses PayPal’s mobile payments library to streamline checkout on a mobile device. Magento Mobile "transforms a retailer’s product catalog into a fully-functional, branded, native application which merchants can use to interact and transact with their most valuable customers in a way unlike any other channel." READ MORE »

May 25, 2010

Verifi Adds Hosted Payment Page for Ecommerce Merchants

VerifiVerifi has announced the availability of a new hosted payment page that enables merchants to outsource PCI compliance and fraud prevention. Verifi says its hosted payment page "provides retailers with complete flexibility to customize their checkout page for a seamless, branded customer experience, along with tools to optimize sales conversions." READ MORE »

May 24, 2010

Guardian Analytics Closes $9 MM Series C Financing

Guardian AnalyticsGuardian Analytics has announced closing $9 million in Series C funding led by Sutter Hill Ventures with participation by existing investor Foundation Capital. According to the company, "the Series C funding will be used to accelerate product innovation and capitalize on the growing demand for fraud prevention solutions that can protect financial institutions and their customers from today's sophisticated cybercrime." READ MORE »

May 11, 2010

Boxee Selects Vindicia's CashBox for Boxee Payment Platform

VindiciaVindicia has announced that Boxee, which brings movies, TV shows and video from the Internet to the TV screen, has selected Vindicia's CashBox billing solution to enable the new Boxee Payment Platform. According to the company, "Vindicia CashBox will enable Boxee content partners to offer premium content to Boxee users through a wide variety of payment methods and plans, from individual pay-per-view charges to premium subscription models. Boxee users will also have the option to provide their payment information via credit card, gift cards, and PayPal for easy, one-click content purchases with the underlying security of Vindicia's PCI-compliant environment." READ MORE »

May 10, 2010

TrialPay Finds that Mother's Day Was Payday for Social Game Publishers

TrialPay_logo-140px.pngBased on results of a study that tracks Mother's Day campaigns conducted by social games on the Facebook Platform, TrialPay reports that Mother's Day generated a 5x boost in social games revenues, driving $1 million per day for publishers with 40% of purchasers being first-time buyers.

"According to TrialPay's research, in the week leading up to Mother's Day, about $1 million per day was generated by "gifts for mom" promotions that paired offers from online flower merchants and others with free in-game virtual goods and currency. TrialPay estimates that these promotions drove a 5x increase in social game revenues over normal daily revenue, and found that about 40% of purchasers were first-time buyers in these games. In addition to adding new buyers, the holiday also helped game publishers more than double their visitor conversion rates - meaning that twice as many players as usual made a purchase during the period."

To download the full research report (registration required), visit http://www.trialpay.com/go/mday_2010. READ MORE »

May 05, 2010

A Look at Klarna - Sequoia Capital's Newest Investment

Over on PaymentsViews.com, Glenbrook's Scott Loftesness takes a look at Klarna - an ecommerce payments provider based in Sweden that's attracted a major investment from Sequoia Capital and partner Michael Moritz.

Austria-based fatfoogoo Acquired by Digital River

Digital RiverDigital River has announced it has acquired fatfoogoo, a Europe-based, in-game and online commerce service provider. According to the company, "the combined forces of Digital River’s e-commerce solutions with fatfoogoo’s technology will offer game publishers and developers an unparalleled, single e-commerce connection to manage their online product sales both in-store and in-game." Digital River paid approximately $10 million for fatfoogoo plus an additional earn-out opportunity tied to performance. READ MORE »

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