As COVID-19 has interrupted many lives and continues to do so, finances continue to be at the forefront of concern for millions around the world. With bank closings or operating at limited hours or by appointment, consumers have had to find other ways to access their funds and make their purchases. Today, consumers are opting for digital banking in order...
The Covid-19 outbreak has ushered in a dramatic surge in digital forms of payment. This is great news for e-Commerce businesses. However, along with the dramatic boost in online sales, there is also an equally dramatic boost in cases of fraud to contend with. The sudden acceleration in fraud was fueled by the fear and uncertainty that millions around the...
In Asia, there’s an unprecedented rise in digital payments. Such growth provides the region with a unique opportunity to develop payment systems based on blockchain technology. If you’re interested in more details concerning the digital payments growth in the region and want to find an exceptional payment processor to work with, you’re at the right place. Digital Payments Growth in...
After a “closed” beta launch in India back in 2018, WhatsApp announced the launch of digital payments in Brazil. According to WhatsApp’s blog, users will be able to safely send money or purchase something from a local business without having to leave the chat feature. Brazil is the second-largest market after India, with over 120 million “individual users”. With more...
Using eCommerce integration will facilitate convenient and safe shopping for customers. Since news of the COVID-19 pandemic broke, many older adults, concerned about complications from contracting the virus, have chosen to take extra precautions by not venturing out to purchase the goods they need. Instead, they have turned to online shopping and other contactless means of purchasing. According to eMarketer,...
In 2018, the highly anticipated “True Cost of Fraud Study for the Retail Sector by LexisNexis® Risk Solutions, was released, revealing the true challenges that fraud is posing for retailers nationwide. Some of the fastest growing incidents of fraud keep stemming from card-not-present and mCommerce fraud. The 2018 study also demonstrated that losses due to fraud were up 6% from...
Since the COVID-19 lockdowns began, shopping habits have changed dramatically. Consumers are turning to online shops to purchase everyday items like groceries, medications and other basic supplies that people would normally purchase at their local, physical store. The uncertainty around the situation has also led to panic buying and larger volume purchases than previously seen before the pandemic. This has...
One of the best ways to ensure your business maintains an advantage over its competitors is to offer as many payment processing options as possible, including echeck payments. However, this is not always an easy task for some merchants. Those considered high risk struggle to secure payment processing in general; banks and traditional financial institutions are simply too wary of...
Recurring payments allows predictable cash flow and a streamlined checkout experience. The business model that has catapulted DropBox, Salesforce, Spotify, and Netflix to become lucrative titans in their industries can be mostly attributed to subscription or recurring payments. Based on the latest e-commerce consumer research led by McKinsey & Company, it was reported that 46% of Americans had subscriptions for...
With the recent opening of an office in Mexico City, Stripe, the mobile payments startup, is now fully available in Mexico. It is the first country they’ve launched in Latin America. Although Mexico is the second-largest economy in Latin America, the online commerce represents only 2% of its GDP. However, this is rapidly changing, as retail e-commerce is forecasted to...
