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INDUSTRY NEWS

Black Friday Stats

December 2, 2014

This year’s Black Friday is now over, but how did it do? Amazon UK reported busiest day on record this year. The website had orders of over 5.5 million, with 64 items being sold per second. This beats last year’s record of 4 million items sold for the UK e-retailer and shows the growing popularity […]

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Mastercard and Visa Plan To Drop Passwords in Online Payments

November 21, 2014

Have you ever been in the situation where you’ve entered all your payment details, gone to pay and then been asked for a password you can’t remember? Well good news, Mastercard and Visa announced last week that they plan to drop the need for customers to remember passwords and make the experience more secure and […]

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Singles’ Day sales of $7 Billion and Black Friday to break new records

November 11, 2014

  As the Christmas season draws closer, some of the biggest shopping events of the year are coming up and continue to smash records. Alibaba’s $7 Billion Singles’ Day Sales China’s Singles’ Day falls on the 11th of November each year, and is celebrated as an “anti-valentine’s day” for single people to purchase gifts for […]

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Payments via mobile number to start this month

April 2, 2014

Consumers will be able to use mobile phone numbers to make payments via mobile from 29 April, it has been announced. The changes mean that account-holders will be able to pay friends, family or traders without having to ask for their bank details. Instead, they will only need to ask for their mobile number, according […]

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Clydesdale and Yorkshire bank

March 26, 2014

New plans announced by UK retail banking institutions Clydesdale and Yorkshire banks (subsidiaries of National Australia Bank) are to see the two financial institutions close nearly 30 branches and invest £45 ($74) million in improving services in the mobile and online channels and developing six flagship branches. The switch to a greater digital presence comes […]

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Visa Europe Reports Rise In Contactless Payments

March 20, 2014

The latest figures from Visa Europe show that throughout 2013 Visa cardholders used their contactless cards to make more than 94.3 million purchases in the UK, simply by tapping their cards, compared to just under 25 million contactless purchases in 2012, showing that UK consumers are embracing the ease and speed of contactless payments. Contactless […]

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Shopgate Acquires MagCorp To Bolster M-Commerce Magento Integration

February 10, 2014

Germany and Palo Alto-based m-commerce platform Shopgate has made its first acquisition: The Creathor Ventures and Northcap-backed company has acquired Magento developer MagCorp for an undisclosed fee. The move — which, since it’s buying developer talent and expertise, might best be categorised as an acqui-hire — will see MagCorp’s four developers join Shopgate’s existing 132 […]

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Smartphone swipe payment scheme unveiled

February 6, 2014

Tapping a smartphone on a card reader to pay for a sandwich or a bus journey could soon become an everyday event, under a scheme unveiled on Thursday by Vodafone, O2 and EE. Paypal and Google, as well as banks and mobile operators, have been trying for years to create mass market mobile phone payments […]

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eBay to Permit Sales of Virtual Currency in U.K.

January 24, 2014

EBay Inc. has written a new policy on virtual currency sales, set to go into effect for U.K. customers in early February. “The updated policy will clarify that listings for Bitcoin and other similar virtual currencies must be listed in the Virtual Currency Category in the Classified Ad format,” says Steve Heywood, a spokesman for […]

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Report: mPayments, eWallets To Supplant Cards By 2017

January 24, 2014

Debit and credit cards are going the way of the Dodo, and will be largely replaced by eWallets and mPayments platforms in the next three years, new research suggests. A new study by WorldPay called “Your Global Guide To Alternative Payments” suggests that, by 2017, card use will have fallen from 59 percent of all […]

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