How New Payment Services are Changing Ecommerce
Ecommerce is growing. Global ecommerce was worth $1.9 trillion in 2016 sustaining double-digit gains year-on-year. Here are three ways ecommerce payment services are changing the retail landscape.
Payments
Why Mobile Payments Are Killing the Checkout Form
We talk about omnichannel and the customer experience, how to make it simpler is step one, making it easy to pay is the key to conversion. Here is why mobile is killing the checkout form and what you should know to make the overall experience an easier one.
Experimenting with Payments to Capture Mobile-First Consumers
Today most people use their smartphones to research and browse products before buying online or at a physical store. However, more than half of all online retail traffic in Q4 2016 came from mobile consumers. So why is compelling them to complete mobile purchases proving so elusive? Here is how retailers should use payments to capture mobile-first customers.
A Guide to Combating High Credit Card Decline Rates
For an online merchant, the most important measure of success is almost always the conversion rate: the more customers complete the checkout, the higher your revenues. But there is an equally significant metric that many merchants struggle with, that can impact your business: decline rates. Here are some ways businesses can combat credit card decline rates to ensure success.
Amazon’s 1-Click Payment Patent Expires in 2017
Amazon’s U.S. patent for one-click payments will expire this year, allowing other retailers to incorporate the same technology on their websites. See whether Amazon will still have an edge or not over other retailers.
Millennials Want Companies to Adopt New Identity Verification Approaches
When it comes to sharing personal information, millennials are extremely reluctant. However, there is a gap between millennials wanting to secure access on all connected devices and their willingness to sharing data. Here is what retailers need to know about what millennials want when it comes to sharing their personal information.
PayPal and Mastercard Expand Partnership
PayPal and MasterCard announced an expansion on their existing partnership that will enhance the consumer experience making MasterCard a payment option within PayPal. See what options consumers and small businesses will have available to them with this new expansion.
Worldpay Heads Down Under with Australia Licence
Worldpay is expanding in Australia after winning its license to process payments in what is one of Asia Pacific’s largest ecommerce markets. The company’s expansion in Australia comes at a time of sustained growth for Worldpay, which processed 13.1 billion transactions in 2015 valued at £401.9 billion (approximately $593.3 billion) in 2015.
Which Subscription-Based Payment Model is Right for Your Business?
So, you’re considering the move to a subscription-based commerce model. You’re in good company. Businesses and brands across the industry spectrum are transitioning to subscription or automated payment models to meet consumer preferences.
Global Ecommerce Payment Market Will Grow 16% By 2020
Cross-border solutions are expected to take center stage over the next four years, and a report shows the global ecommerce payment market will grow at a compound annual growth rate of 16.42% by 2020, according to the latest edition of the PYMNTS.com X-Border Payments Optimization Tracker.