PaymentsNews

On The Web

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Domains

E-commerce marketplaces face three major challenges

“The department of industrial policy and promotion recently released Press Note 2 of 2018, wherein it has reviewed and clarified the foreign direct investment policy for e-commerce. The changes are set to come into effect from 1 February. The question that plagues the industry is what will be the impact on the sector. Here’s a […]
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Domains

Leutz: The Victims of Venmo

“Spending money in the digital era feels more like waving a magic wand, or playing a video game, than making monetary decisions. In this way, there is a growing feeling of numbness, or detachment, between the consumer and digital currency. When people can’t physically see money leaving their hands, they are at a higher risk […]
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Domains

WTO E-Commerce Talks Move Forward, Disagreements Lie Ahead

“With digital transactions increasingly intertwined with international trade flows, global agreement on rules that will sustain and further e-commerce is critical. Industry groups including CCIA have supported the ongoing discussions and encouraged countries to increase their engagement to develop rules on e-commerce. The inclusion of developing countries on the Joint Statement is also welcome, demonstrating that getting […]
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Companies

PayPal Quietly Took Over the Checkout Button

“Now independent of EBay, PayPal has a market capitalization of $100 billion, 100 times what it was worth when it went public in 2002, and the number of users has grown from 15 million to almost 250 million. While it’s struggled in China, where WeChat dominates payments, in the rest of the world it processes […]
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On The Wires

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PayNearMe Celebrates Momentum of its Electronic Payments Platform, Shaking up the Traditional Payments Industry with a Technology-First Approach

“PayNearMe’s electronic payment platform, which adds support for ACH and card payments to the company’s historical cash collection capability, is growing quickly and generating extremely positive customer reviews. The company’s electronic payment volume grew by more than 25 percent month-over-month in the past year, and expectations are to exceed that growth rate through 2020.”
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Domains

Ecommerce Revenue Protection Pioneer Riskified Releases Results From Its First Annual Online Shopping & Fraud Behavior Consumer Survey

“Riskified, the leading solution for eCommerce fraud prevention and revenue capture, today released its first annual Shopping and Fraud Behavior Report, which details the findings from a new consumer survey about online buying habits and reactions to credit card fraud. Riskified surveyed 5,000 US-based consumers aged 18 and older about their online shopping behaviors, experience […]
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Domains

Western Union Debuts New Payment Option for Amazon.com Shoppers in Kenya

“Western Union’s platform is powering Amazon’s new cross-border payment option, called Amazon PayCode, by processing the complex foreign exchange, settlement and money movement requirements for international e-commerce transactions. After selecting PayCode on the Amazon.com checkout page, customers will be sent a code, along with instructions on how to pay in person at a participating Western Union® […]