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...
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...
OMNICHANNEL RETAIL
Omnichannel retail refers to the use of a variety of sales channels in a customer's shopping experience. This multi-channel may include physical stores, online stores, mobile apps, telephone sales and any other method of engaging with a buyer. Customers’ omnichannel experiences may vary: For example, sometimes the consumer will compare...