Credit Agricole Group launches Kwixo payment method

Jun 15 2011

FIA-NET Europe, a subsidiary of the Credit Agricole Group, has rolled out a new payment method, dubbed Kwixo, set to combine money transfers between individuals and payments on e-commerce websites.
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PayPal ready to seek e-commerce gold in Russia

Jun 14 2011

The US online banker PayPal is poised to stake its claim in the virtual Klondike that is Russia’s e-commerce sector. Little wonder, given that online sales rose 40pc in 2010, Sergei Plugotarenko, the director of Russian Association of Electronic Communications (RAEC), told Prime-Tass. Volumes are expected to rise another 17pc this year to 245bn roubles (£5.4bn).
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Visa acquires Fundamo, extends Monitise agreement

Jun 14 2011

Visa has entered an agreement to acquire Fundamo, a platform provider of mobile financial services for mobile network operators (MNOs) and financial institutions in developing economies. Additionally, Visa has also entered a new, long-term commercial agreement with UK-based mobile money services provider Monitise.
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The European Union backs away from requiring online retailers to pay for product returns

Jun 14 2011

But the EU still would give consumers 14 days to change their minds about purchases.
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Le Crédit agricole se pose en rival de PayPal

Jun 14 2011

Avec le lancement de Kwixo la semaine prochaine, la Banque verte est la première à proposer un nouveau service sécurisé de paiement à distance et d’envoi d’argent.
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Des pirates ont pu consulter des données bancaires de Citigroup

Jun 10 2011

La banque Citigroup a fait état, jeudi 9 juin, d’une attaque informatique contre ses réseaux, qui a permis à des pirates d’accéder aux données concernant des centaines de milliers de détenteurs de cartes bancaires. “Nous contactons les clients dont les informations ont été touchées. Citi a mis en place des procédures renforcées afin d’éviter que ce type d’événement ne se reproduise”, a indiqué par courriel le porte-parole Sean Kevelighan.
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Visa Acquires Fundamo, Signs New Agreement With Monitise

Jun 10 2011

Visa has announced that it is acquiring Fundamo and entering into a new, long-term commercial agreement with mobile-money provider Monitise plc.
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New Global Transaction Product Suite Allowing Merchants to Accept Payments From Around the World

Jun 09 2011

On June 8 it was announced that Beanstream Internet Commerce Inc. has launched a multi currency processing solution to help merchants harness the power of the global e-commerce market.
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eBay to buy Magento

Jun 07 2011

The online marketplace powerhouse, continuing its acquisition tear, said today it plans to buy Magento, developer of an e-commerce platform used by more than 60,000 merchants and brands. The purchase, expected to close in Q3, follows eBay’s announcement in March that it would buy e-commerce services provider GSI Commerce.
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European web merchants voice concerns over threats posed by Consumer Rights Directive

Jun 01 2011

In an open letter addressed to European and national policy makers, ten European web merchants and branch organisations have voiced concerns over the threats implied by the Consumer Rights Directive and the potentially negative impact this proposal could have on the development of e-commerce across Europe.
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