How Merchants Are Leaving Money on the Table

How Merchants Are Leaving Money on the Table

According to a survey by Statista, back in March of 2020, it was found that 88.05 percent of orders initiated online were abandoned. This simply means that the online shopper did not move forward to actually make the final purchase.  For 63% of online shoppers in the United States, the number one reason that they […]

The eCommerce Boom

The eCommerce Boom

As many businesses continue to struggle financially in the midst of the COVID-19 pandemic, there are still difficult decisions that must be made in order to determine their ultimate destiny. Specifically, they must pay close attention to how the pandemic has ultimately changed how consumers shop. E-Commerce, already growing before the viral outbreak, is no […]

Buy Now, Pay Later Is Accelerating With Popularity

Buy Now, Pay Later Is Accelerating With Popularity

With the already booming phenomenon of e-Commerce, coupled with the economic repercussions of the Covid-19 pandemic, more shoppers are looking to new payment options such as Buy Now, Pay Later (BNPL) services.  Companies such as Affirm, QuadPay, Sezzle, Klarna, and Afterpay are just a few of the BNPL options currently available. These companies allow customers […]

Good Payment Solutions Help Your Business Grow

Good Payment Solutions Help Your Business Grow

With so many moving parts to running a business, it is very common to put your payment solution on autopilot and let it do its thing from day in to day out. You may see it as simply another cog in the wheel, keeping things turning, assisting you to generate income. However, the wise thing […]

Customized Payment Widgets Crucial For Clients And Consumers

Customized Payment Widgets Crucial For Clients And Consumers

In this fast-moving, modern era of e-Commerce, the customer payment journey is of critical importance. As customers shop online and ultimately fill their carts, one thing they will not endure is a clunky, awkward, time-consuming payment process. Based on a variety of e-Commerce studies, it was reported that, on average, the shopping cart abandonment rate […]

Why eCommerce Subscriptions Belong In Your Online Business

Why eCommerce Subscriptions Belong In Your Online Business

If you look around, you will come across many businesses in a variety of industries selling subscriptions of their products or services. This trend is only likely to experience much growth as this strategy has spelled success for those who have adopted this business model. The key is to carry it out appropriately. Once it […]

Increasing Inclination for Contactless Payments Raises Fraud Fears

Increasing Inclination for Contactless Payments Raises Fraud Fears

This year, The 2020 Fiserv Fraud and Security Survey dives into the unknown about the current pandemic and how the surge of both digital and “touchless” payments are driving cybersecurity concerns.  The survey involved 1,037 U.S. consumers from ages 18 to 74.  The Findings With the widespread infections due to COVID-19, many consumers have turned […]

The 2020 Election And Its Effect On Contactless Payments

The 2020 Election And Its Effect On Contactless Payments

The 2020 Election will either promote or reel in a band of tech companies intruding further into financial services. Depending on who voters elect for Congress in 2021 will determine how Facebook can operate as a “bank” and just how much power Google and Amazon can have over marketing, data, and e-Commerce.  The overall agreement […]

Payment Innovation Is Mandatory Due To Pandemic

Payment Innovation Is Mandatory Due To Pandemic

WEX, a major financial technology service provider for sectors such as healthcare, travel, and fleet, in collaboration with E(BrandConnect), a commercial arm of The Economist Group, released a white paper titled, “The Digital Payments Tipping Point”. The aim was to assess the current state of payment innovation for B2B payments during the COVID-19 pandemic.  They […]

Biometrics Are Hackable, Therefore Secure Integration Is Critical

Biometrics Are Hackable, Therefore Secure Integration Is Critical

According to the Biometrics Research Group, Inc., biometrics are “measurable physical and behavioral characteristics that enable the establishment and verification of an individual’s identity.”   The processes that are involved in biometrics include detecting and recording an individual’s distinctive physical features, as well as other traits. These aspects are then recorded by an electronic device in […]