A quiet revolution is taking place in how we exchange money for goods. From mobile payments to pay buttons in social media, to action-less payments and subscription services, nothing will remain as it was. To help you make sense of it all, here is a digital commerce forecast for 2016.
The next wave payment technology on providing merchants with more insight than ever before throughout the customer journey. See how your business can benefit from online payment technologies.
More merchants will migrate to EMV bringing additional payment methods such as mobile and online form-factors in 2016. This infographic by Vantiv highlights three trends merchants will see this year.
You can thank the iPhone and its bigger screens, in part, for the growth of mobile commerce in the 2015 holiday season. But, the iPhone 6 and the 6+ were only part of the mobile commerce growth story, said ChannelAdvisor Executive Chairman Scot Wingo during a break at NRF Big Show 2016.
The payments landscape is changing fast –and much of this fast-paced change is being driven by today’s digitally empowered consumers, whose expectations have been transformed by the smartphone and the services these supply. Which means that more than ever before, consumers expect payments to be fast, convenient and hassle-free.
Over the last several years, the introduction of new payment solutions has risen dramatically, yet consumers are ultimately reliant on retailers actually implementing these new solutions at the point of sale to enjoy the benefits these technologies provide.
It’s been a busy year for e-commerce. The convenience and choice available with online shopping continues to win more buyers, and this year for the first time the National Retail Federation reported that on Thanksgiving weekend, more people shopped online than in stores.
Walmart announced the launch of Walmart Pay which will work with any iOS or Android smartphone, any major payment type and at any checkout lane through the Walmart app. See what this will mean for the big box retailer.
A new study from Javelin suggests that while card-not-present fraud is expected to rise post-EMV in the U.S., outsourcing may help address the issue.
The point-of-sale has long been a battleground for retailers. Retailers want control over the payment process, but card networks and banks call the shots.