Friday , January 31, 2025

E-Commerce

Squeezed by Competitors And Finances, Jumio Sees a Savior in Facebook’s Co-Founder

Online and mobile-authentication technology provider Jumio Inc. filed for bankruptcy protection and put itself up for sale Monday, but the Palo Alto, Calif.-based firm expects to live on thanks to support from Facebook co-founder Eduardo Saverin. Saverin, an early equity investor who has injected at least $23 million into Jumio …

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Vantiv Exec Warns About E-Commerce Declines As EMV Cards Proliferate

  The U.S. payments industry’s transition to EMV chip cards has produced a number of side issues, but few may be more pressing for card-not-present merchants than the failed authorizations caused by the ongoing replacement of as many as 1.6 billion credit and debit cards. The new EMV cards carry …

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Eye on Security: Fighting Online Fraud With Emerging Twists on Device Authentication

There’s nothing new about identifying e-commerce customers through the device they use, but now the proliferation of mobile devices has data scientists hatching new ways to thwart fraudsters. One way authenticates users through not-so-obvious links between the many devices they may rely on day-to-day. The other takes a close look …

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Thompson Investments Steps in to Acquire Troubled Powa Technologies

Powa Technologies Ltd., the troubled startup behind PowaTag and the PowaPOS line of mobile point-of-sale gear, is being acquired by Thompson Investments, according to a terse announcement released late Friday. No terms were released. Before Thompson stepped in, London-based Powa Technologies had been reported to be close to appointing management consultancy …

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M-Commerce Logged a Banner Fourth Quarter, With Smart Phones Outpacing Tablets

U.S. consumers apparently held onto and used their smart phones and tablets even more than one might suspect given the increase in mobile-commerce transactions during the fourth quarter of 2015, reports Criteo, a New York City-based online marketing specialist. In its “State of Mobile Commerce Report,” released Wednesday, Criteo said …

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Look for Dominance by Smart Phones in Mobile Commerce Very Soon, Report Says

The onset of 2017 will usher in the year of the smart phone in e-commerce, according to a projection released Tuesday by eMarketer Inc. The New York City-based researcher says that next year, for the first time, more than half of all so-called digital buyers—51.2%—will make at least one purchase …

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A Venmo In-App Service And a First Data Deal Help Expand PayPal’s Merchant Reach

On Wednesday, PayPal Holdings Inc. made it clear it hasn’t given up on expanding its reach with merchants beyond processing e-commerce payments. The company announced a new in-app payments initiative for its popular Venmo peer-to-peer payments app, a move that follows a recent agreement with First Data Corp. that furthers …

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For the First Time, Smart Phones Beat Tablets for Share of Online Transactions, Adyen Says

For e-commerce merchants, the screen is getting smaller very quickly, according to the latest quarterly report from payments company Adyen. Some 17.5% of all e-commerce transactions on Adyen’s platform in the fourth quarter were made with a smart phone, compared to 16% with a tablet, the Netherlands-based company said late …

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Eye on E-Commerce: eBay Data on Holiday Shopping; ACI’s Attempted-Fraud Report

E-commerce merchants and the payments companies providing them with merchant services have reason to be both happy and disappointed with the 2015 holiday season. On the one hand, merchants handled the voluminous number of e-commerce orders by using their physical stores to fulfill their online sales. The volume of these …

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Eye on In-Store Commerce: Adyen Comes to the POS; Diebold Eyes Mobile Checkout

E-commerce processor Adyen Inc. announced on Thursday it is now offering payments capability for physical stores in the United States, a move that follows the company’s success in providing a payments gateway for a number of prominent digital clients, including Facebook, Uber, Airbnb, and Netflix. Also on Thursday, ATM maker …

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