Payments provider WePay is officially part of JPMorgan Chase & Co., WePay announced Monday. The banking giant wasted no time putting WePay to work as the backbone of a new payments service from Volusion LLC, an e-commerce platform. Chase announced in October it was buying Redwood City, Calif.-based WePay for …
Read More »Eye on M-Commerce: Tire Retailer on a Roll; Other Merchant Types Experience Increases
Holiday gifts and everyday products may garner much of the attention when it comes to mobile-commerce transactions, but a tire retailer is finding success with the technology, too. SimpleTire, a Trevose, Pa.-based online seller, found that consumers were in the mood to buy tires online on Cyber Monday. SimpleTire says …
Read More »Stolen Data Ranges From 20 Cents to More Than $15 on Cybercriminals’ Shopping List
The underground market for personally identifiable information is flourishing, with criminals paying as little as 20 cents to as much as $15 for verified credentials across the dark market. That’s the latest from RSA Security LLC, a data-security company. The Bedford, Mass.-based firm released the 2018 Cybercriminal Shopping List Tuesday, …
Read More »Holiday Shopping: Online Shift Accelerates As Chip Cards Dominate In Stores
The consumer shift to online shopping on Thanksgiving and the following Friday, known as Black Friday, continues to increase, now accounting for 29% of shopping on these two days compared with 25% a year ago, finds research from First Data Corp. Based on data from transactions at 1.1 million brick-and-mortar …
Read More »Fraud Balloons for Electronics Retailers While Post-EMV Online Fraud Abates, Forter Says
Just days before the holiday shopping season begins in earnest, yet another indicator emerges that merchants, especially those selling electronics, should be ready for the onslaught of both legitimate transactions and those perpetrated by criminals. That’s because the recently released Forter/MRC Fraud Attack Index found that attacks against electronics retailers …
Read More »PayPal Services Coming to BigCommerce Merchants Via an App
E-commerce platform BigCommerce Pty Ltd. announced a new app for its client merchants that allows them to offer customers credit, access working capital, and glean marketing insights through PayPal Holdings Inc.’s services. BigCommerce clients using the service will be able to include a standalone PayPal Credit button on their e-commerce …
Read More »PayPal And Synchrony Financial Extend a 13-Year-Old Credit Relationship
Private-label card issuer Synchrony Financial and PayPal Holdings Inc. have expanded their credit agreements. Announced Wednesday, the deal sees Stamford, Conn.-based Synchrony Financial become the exclusive provider for PayPal Credit, the payment company’s U.S. online consumer financial program, and extends an existing co-branded consumer credit card issued by Synchrony Financial, …
Read More »eBay Adds B2B Gift Card Services From Blackhawk
Online marketplace eBay Inc. will add business-to-business gift cards from Blackhawk Network Holdings Inc. to its roster of products, Blackhawk announced Wednesday. The expansion—Blackhawk already provides other gift card services to eBay—will help the marketplace with its B2B sales, Blackhawk says. Now, businesses can order eBay gift cards to reward …
Read More »Digital-Coupon Redemptions Will Top $91 Billion in Five Years, Says Juniper
Chatbots, quick-response codes, and so-called invisible payments will spur digital-coupon redemption volume to $91 billion worldwide by 2022, forecasts Juniper Research Ltd. These three technologies will propel redemption as consumers increasingly become accustomed to them, says the United Kingdom-based research firm. For example, chatbots, a form of machine learning that …
Read More »More Younger Than Older Consumers Are Okay Shopping Online With Debit Cards
More younger consumers than older ones prefer using debit cards for online shopping, finds the “Holiday Shopping Consumer Survey Results” released by Vantiv Inc. In the survey of more than 1,000 consumers, 32% of Millennials and 27% of Generation X said using a debit card was their preferred online-shopping method. …
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