Visa Works to Make Ecommerce Payments Safer
In a recent blog post marking 25 years of ecommerce, Visa noted that the first ecommerce payment was made on the Visa network on August 11, 1994. A lot has changed since then, but fraud […]
Category: Payments
Federal Reserve Plans New Service for Faster Payments
The Federal Reserve Board announced a plan on Monday to develop a new round-the-clock, real-time payment and settlement service to support faster payments, called the FedNow Service. Possible winners: tech companies and small banks; possible […]
eBay Provides Update on Managed Payments as It Recruits Sellers
eBay executive Alyssa Cutright provided an update on the managed payments program in a blog post on Friday, though there was little new reported beyond the latest usage stats: “Our new program, which expands payment […]
PayPal Charges More by Raising Currency Conversion Spread
PayPay will charge more money on transactions involving currency conversion. Effective September 3, 2019, the currency conversion spread will rise to 3.75% for transactions that involve a PayPal currency conversion when paying for goods or […]
PayPal Offers Easier Invoicing on Ecommerce and Crowdsourcing Platforms
PayPal wants platforms to offer its payments solution, and this week it announced the PayPal Invoicing API that can be integrated into ecommerce solution providers, marketplaces, and crowdsourcing platforms. The API allows the end user […]
Bonanza Gives Sellers More Choice in Payments
Bonanza will soon begin allowing all sellers to accept payments through Stripe, the company announced this week. Sellers can already offer payments on Bonanza through PayPal. This week’s news comes a year after the online […]
PayPal Expands Xoom Remittance Service in Europe
PayPal expanded its international money transfer service Xoom to 32 markets across Europe, it announced on Monday. Note that Xoom is not for ecommerce, in fact, using Xoom for commercial purposes is prohibited. (See the […]
eBay Opens Payments to Third-Party Developers
In a significant move, eBay has opened its Managed Payments platform to third-party developers. eBay shared the news with developers at its annual eBay Connect developers conference, which kicked off on Tuesday. eBay began rolling […]
PayPal to Lose a Steady Hand with Year-end Departure
The word innovation gets thrown around a lot by tech companies, and sometimes it seems decisions are made just for the sake of innovation rather than to pursue realistic opportunities. But PayPal’s Chief Operating Officer […]
eBay Says It’s Joining Cryptocurrency Initiative
Last month, eBay said it was not launching a cryptocurrency (“Cryptocurrency is not accepted as a form of payment on the eBay platform, nor is it part of our payments strategy”). Today, it signaled its […]