• Klarna launches its first credit product with new U.S. partnerships

    Klarna launches its first credit product with new U.S. partnerships

    The online financing giant Klarna is continuing its rollout in the U.S. with a host of new partnerships and a new product so online shoppers in the U.S. and Europe  can actually take out loans from the company. It’s the next step for the Stockholm-based business as it continues on the road toward becoming a global financial player. Klarna already provides “try before you… Read More

  • Visa Picks Up CyberSource For $2 Billion

    Payment network operator Visa has agreed to acquire e-payment company CyberSource for $26 per share, or total consideration of approximately $2 billion to be paid with cash on hand. The price represents a near 34 percent premium over Mountain View-based CyberSource’s Tuesday closing price. The deal will enable Visa to bolster online sales and offer new and enhanced online fraud… Read More

  • Goes Down, E-Commerce Vendors Left Hanging

    Talk about a serious outage. Payment gateway service provider has been down and out for several hours, a number of tipsters inform us. That has big implications: since the service is used by tens of thousands of e-commerce vendors to accept credit card and electronic checks payments on their websites (example), it likely means millions are being lost during its downtime. PayPal… Read More