Open banking is a reform obligating banks to permit customers to share their transaction data with third parties through application programming interfaces (APIs). Last year, the EU enacted the PSD2 regulation requiring banks in the European Union to comply with the open banking reform. Other countries, such as the UK...
FOREIGN CURRENCY EXCHANGE
When dealing with global markets, foreign currency exchange becomes a key issue. Buyers at various locations prefer to make payments in their local currencies. So, for example, if you are an American merchant selling online in China, your customers will want to pay in Yuans. Due to fluctuations in currency...
DEBIT CARDS
A debit card is a payment card that can be used instead of cash for purchases. Unlike a credit card, the money is immediately transferred directly from the cardholder's bank account during the payment transaction. In some countries, like Denmark, the Netherlands, the UK and Norway, debit cards are a...
SHOPPING CART ABANDONMENT
Shopping cart abandonment refers to a website or mobile app visitors who add items to their online shopping cart, but exit without completing the purchase. In foreign markets, there may be various reasons for this phenomenon including unfamiliar payment methods, a long checkout form, and unexpected additional charges (such as...
SMART PAYMENT ROUTING
One of the challenges of cross-border e-commerce is payment processing in foreign locations. While in your native market, your local payments processor may have provided excellent results, in other locations the same entity might be inefficient and costly. An advanced payment platform reroutes transactions in real time to the optimal...
SMART DATA
Smart data refers to information that your systems have gathered about your sales, customer shopping habits and payments. Ecommerce businesses that accept payments aggregate large amounts of data which can provide crucial insights into ways to improve customer experiences, consumer services and business strategy. Using this kind of data, you...
SEO OPTIMIZATION
Search engine optimization (SEO) is the practice of increasing the quantity and quality of traffic to your website through organic search engine results. The most popular search engine used daily on the Internet is Google. Organic promotion enables users seeking your services to find your brand more easily. Effective organic...
PCI COMPLIANCE
PCI compliance requires meeting standards connected to the Payment Card Industry Data Security Standard (PCI DSS) which was compiled by major credit card companies such as Visa, MasterCard, Discover, and American Express. Merchants that handle cardholder information must maintain PCI compliance or be penalized by the companies responsible for creating...
PAYMENT PLATFORM
An all-in-one advanced payment platform handles an enterprise’s payment needs from start to finish regardless of whether the business is high or low risk, large or small, online or in-store. The payment platform provides gateway services, credit card processing, cross-border payments and other features to streamline payment processes at every...
ONLINE PAYMENT METHOD
An online payment method refers to the way that a buyer pays for services or products on a website or mobile app. Typical online payment methods used today include credit and debit cards, online payment services such as PayPal, alternative payment methods, and various e-wallets. Due to the fact that...