Notwithstanding EMV has lowered fraud prevention costs for most U.S. companies, fraud continues to shift online. And while merchants and retailers plan to considerably increase investment in payments to improve customer experience (by 50% over 2015), more than three quarters of these organizations view security, compliance and fraud management issues as the biggest barriers to…
Worldpay Group confirms it has received preliminary approaches from Vantiv and JPMorgan Chase Bank in relation to the potential acquisition of the entire issued, and to be issued, share capital of Worldpay. Any deal is expected to be valued in the US$10 billion range. The companies now have 28 days, or until August 1, to…
Mastercard has added API’s for Masterpass QR, Qkr! With Masterpass and chatbot solutions to its ever growing developer tool box to arm banks, retailers and digital providers with what they need to enable payments on new platforms. There are now more than 40 APIs focused on payments, data services and security available to developers. Mastercard…
Since 1999, eTail East is where the top 900+ minds at America’s most successful retailers meet and learn. With the most disruptive content and focus on technology, eTail designed to help you optimize the profits from your business. No commercials. No egos. eTail cuts out the bullshit to give you hundreds of strategic takeaways. eTail…
Smart algorithms and data analyses are creating sustainable performance benefits across all levels of the retail supply chain. With its Omnichannel ePOS Suite, Wirecard is the first payment provider to offer a fully integrated solution for self-learning analyses based on payment data in combination with other data sources. The evaluations substantially support e-commerce and high-street retail…
In the e-business world losing existing customers to involuntary churn is the quiet culprit of profit loss, since it costs two times more to acquire a new subscriber than to keep an existing one. Recurring payment failure is the primary cause of involuntary churn, driven by insufficient funds, credit card limits, credit card expiration or replacement,…
Nine-in-ten U.S. consumers say they have made at least one online purchase in the past 12 months, and more than seven-in-ten have made three or more online purchases in the same time frame. Nearly half of online shoppers say they have increased the frequency of their online purchases in the last year. At the same…
Six out of 10 survey respondents (including 55% with a CFO title) had seen both the number and dollar amount of credit card chargebacks increase since the introduction of EMV chip cards. Furthermore, 64% of those surveyed (including 62% of CFO-titled respondents) measured increases in both the number and dollar amount of credit card chargebacks…
The fraud frenzy is driving the global tokenization market and is expected to grow from $823.0 million in 2017 to $2.26 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 22.4%. Payment security and compliance management are among the application areas contributing to the growth of the tokenization market. The payment security application…
More than 55% of customers are using multiple channels such as online and mobile to shop, yet over 40% of retailers describe fulfillment costs as a major challenge impacting their business. The average cost for the company to fulfill an order is staggering at 70% of the average order value. The findings come from a…
Eight out of 10 Americans have a strong interest in using connected devices to make purchases, with a keen eye toward security and data concerns. Meanwhile, Visa confirms it has signed 13 new partners to participate in its token service provider (TSP) program, as the payments industry shifts from plastic to digital and broader access…
PayPal continues to gain market share as total payment volume (TPV) and total payment transactions (PTX) soared 22% year-on-year (YOY) in the first quarter (1Q/17). However, the transaction margin continues to slide for the fifth consecutive quarter, down 370 basis points (bps) YOY and down 100 bps from 4Q/16, according to CardData. PayPal crossed the…
