News Topic: E-Commerce
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Payments networks poised to spend big to fight e-commerce fraud
Fintech startup offers alternative to buy now/pay later loans
House Democrats urge CFPB to examine buy now/pay later
New EU tax rules stand to stimulate cross-border payments for U.S. merchants
New Synchrony CEO bets on health care, e-commerce to drive growth
Equifax to tackle e-commerce fraud with $640M Kount deal
The credit reporting firm has been building out its identity and fraud protection business for existing customers, which include many of the world’s largest banks and telecommunications companies. ... Read full article
COVID-19 has upended fraud detection
The rapid move online boosts false positives, false negatives and actual fraud, says Adara's Nguyen Nguyen. ... Read full article
Alibaba launches interest-free financing for U.S. small businesses
The new product, which comes as an earlier partnership with the online lender Kabbage is sputtering, figures to appeal to companies with tight cash flows. ... Read full article
Shopify unveils plan to offer banking services to merchants
The global e-commerce site is rolling out a suite of banking tools for its growing U.S. user base later this year that will help them bank and manage their businesses all in one spot. ... Read full article
10 fintech forecasts for the ‘20s
A seasoned investor in startups offers his top predictions for the coming decade. Among them: Big tech firms will become big players in financial services. ... Read full article
JPMorgan has a plan to help Amazon and Airbnb look more like banks
An e-wallet in development would give tech companies the ability to provide millions of customers virtual bank accounts and to offer perks such as car loans or discounts on home rentals to those who keep money stashed there. ... Read full article
14 years after Walmart, banks face a new ILC bogeyman
The Rakuten application has opened another front in the battle over nonfinancial companies' ownership of banks. ... Read full article
Kabbage founders launch startup to connect small businesses with gig workers
The startup, Drum, provides a marketplace for small businesses to offer promotions to influencers who can help them drum up business.1:54 PM? ... Read full article
Making Amazon work for smaller issuers
Vibrant Credit Union sees great value in converting its members to mobile and digital payments. And days like Amazon Prime Day can be critical for its digital wallet strategy. ... Read full article
What the FIS-Worldpay deal means for banks
The companies could bring something new, such as merchant acquiring to community banks, but their merger could also cause anxiety about giant vendors. ... Read full article
Peril and promise in lending to retailers
Brick-and-mortar retail isn’t dead yet. Though the trend of retailers closing stores in the face of stiff competition from e-merchants is certainly troubling to commercial real estate lenders, it would be a mistake to conclude that all retail loans are ... Read full article
What’s keeping chief risk officers up at night
Heightened competition from nonbanks, the rise of populism and the uncertainty surrounding Libor’s demise are just some of the short- and long-term threats facing big banks, risk executives say. ... Read full article
USAA road-testing augmented reality app for car buying
By using the app, which will go live Monday in a pilot program, customers can point their phone at a vehicle and get an augmented reality overlay that provides all its critical info: the make, model and year of the car, as well as its price range and other ... Read full article
Synchrony completes revised deal for PayPal's loan book
Synchrony ultimately bought $7.6 billion of loan receivables, including $800 million in loan participations that had not been part of the original deal. ... Read full article
