E-Commerce

Despite non-stop news reports about data breaches, Americans over the past year have gotten sloppier about their usage of passwords to protect their financial accounts online. That’s the word from research firm Aite Group LLC and Visa Inc., which recently announced results of their second annual Global Security Engagement Scorecard …

The Clearing House, a major player in U.S. payments, is getting deeper into the tokenization business through a new pact with Mastercard Inc. New York City-based The Clearing House and Mastercard announced Thursday that TCH has become a Mastercard-certified third-party Token Service Provider (TSP). As such, TCH will be able …

With Venmo accounting for a swiftly growing share of PayPal’s total payment volume, the company’s top brass left no doubt on Thursday they are eager to start making the peer-to-peer payment service start paying its way. “We [now] begin to monetize Venmo,” PayPal chief executive Dan Schulman told equity analysts …

Issuers, merchants, and processors all share the same dilemma when attempting to authenticate an online identity. They are bedeviled by personally identifiable information easily accessible to criminals that they can use to spoof authentic consumers. In response, Visa Inc. on Thursday announced the Visa ID Intelligence service, which it says …

From the Oops Department: First Data Corp. early Thursday quickly removed from its Web site an inadvertently posted press release saying it had a deal to acquire independent sales organization BluePay Holdings Inc. “First Data confirmed that it is currently in discussions with BluePay with respect to a potential transaction, …

Moderating a panel of three investment executives who put money into startup payments firms and other financial-technology companies, Frank Young, senior vice president of innovation at merchant processor Global Payments Inc., noticed well into the Strategic Leadership Forum session Thursday that no one had mentioned artificial intelligence, machine learning, the …

You’ve heard of subscriptions for magazines and concert tickets. Now the subscription model is coming to golf clubs. TaylorMade Golf Co. on Monday said an online purchasing and financing program it started in April has generated a 30% increase in conversions and a 5% jump in average order value. The …

Fraud-related expenses for merchants are rising as a percentage of revenues, and merchants now spend 10 times as much preventing fraud as they lose to chargebacks, according to new findings from Javelin Strategy & Research. Pleasanton, Calif.-based Javelin says its June study of 497 e-commerce merchants found that merchants in …

Patents usually get the most attention when a person or company files for one, but the one held by Amazon.com Inc. for single-click buying that is set to expire Tuesday is generating plenty of buzz about how much, if at all, e-commerce will change when it’s gone. Granted by the …

Google plans soon to give merchants access to the vast trove of credit card credentials it has in its databases to speed customer checkout for mobile and online payments. The search-engine giant, however, is not putting itself in competition with payment card networks, a Google executive said this week. The …