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Police Allege Money Launderers Are Using Chinese eCommerce Sites To Move Money

PYMNTS

Chinese authorities have made a series of arrests alleging more than $2 billion was laundered at offshore gambling sites through faux eCommerce purchases. In June, the Nikkei Asian Review reported that Chinese officials are considering an East Asia digital currency in a bid to combat money laundering. .

eCommerce 124
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In Europe, Building The ‘Bridge’ Between eCommerce Merchants And Traditional Banks

PYMNTS

Lilia Metodieva , managing director at Monneo , told PYMNTS platforms that link solution providers, partners, banks and merchants together can help speed that pivot toward eCommerce with agility as consumer buying patterns remain fluid — and digital. and FX Payments in 134 currencies. But eCommerce, she said, is a different story.

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TRENDING: BigCommerce On How Platforms Solve Big eCommerce Payment Complexities

PYMNTS

When consumers make a purchase online or through a mobile app, they expect the process to be simple and secure. However, they also expect to be able to pay using the method of their choosing, and in their local currency. Around The Payment Platforms World. About The Tracker.

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Enterprise Security Returns To Top Of B2B Investment Mountain

PYMNTS

Cybersecurity returned to the top of the B2B startup investment list as three companies in the enterprise security realm landed nearly half of the $246 million in B2B venture capital this week. But Software-as-a-Service emerged as a hot spot, too, with the largest investment round of the week going to a B2B eCommerce SaaS provider.

B2B 75
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Taking AI Beyond Fraud Prevention And Into The Realm Of Smart Payments Routing

PYMNTS

Artificial intelligence (AI) can improve the eCommerce experience – not just in terms of warding off fraud, but also in making sure payments can be processed efficiently and that the most effective payment gateways are accessed. Merchants, quite logically, want to keep transaction conversion rates high.

eCommerce 124
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SWIFT Ties gpi To eCommerce And DLT

PYMNTS

Payments messaging company SWIFT said it will test gpi Link, “a gateway to interlink eCommerce and trading platforms with the SWIFT gpi payment service.”.

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CyberSource: Helping Merchants Prepare For eCommerce ‘Mini Peaks’

PYMNTS

Amid the continued shift to eCommerce, peak season is getting redefined to the point that platforms and even countries are “manufacturing” their own huge events spanning borders and currencies. The conversation came as eCommerce is growing five times faster than in-store sales, at a compound annual growth rate of 9.5