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M asterCard has announced that 16 Australian payment service providers (PSPs) will introduce MasterCard’s MasterPass e-commerce proposition across their respective merchant customer bases, giving consumers the ability to shop online. The 16 PSPs – Advam, ANZ, Ashop, BuyReply, Card Access Services, Commonwealth Bank, Ctel, EstarOnline, eWAY, IP Payments, Merchant Warrior, NAB, NoQ, Paycorp, Payment Express [...]

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According to data from China’s Ministry of Industry and Information Technology (MIIT), China could overtake the US in 2013 as the world’s largest online retail market, if the country’s e-retail sales hit the equivalent of $280 billion at the end of 2013. The US e-commerce sector accounted for $225 billion in 2012, according to the [...]

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E-commerce in the UK was worth around £78 billion in 2012 and is set to rise even further, but retailers are still faced with a number of hurdles, including payment processing and currency conversions internationally, online fraud, language barriers in converting website traffic, and issues of delivery Key industry players Kount, Global Collect, E4X, Pitney Bowes, [...]

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Vietnam’s Vietin Bank has chosen global payments solutions provider Yalamanchili to provide the payment processing software behind its recently launched prepaid card, which enables consumers and businesses in Vietnam to make secure online purchases from any website that accepts Visa. The virtual ‘E-Fast On Visa’ prepaid card has been developed to meet a growing demand [...]

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Online payment specialist YESpay has launched Omni-channel, a single payment solution which provides a single payment gateway for different points of sale. Omni-channel is designed for both card-present and card-not present environments. According to YESpay, Omni-channel has a cross-channel capability as the customer who buys online can return the product in store because it is [...]

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