Remove 2017 Remove Mobile Remove Mobile Payments Remove Point of Sale
article thumbnail

Where Payment Processing Systems Are Headed In 2020

RTP blog

FinTech companies and customer expectations are shaping the future of payment processing. Better Payment Security Credit card fraud is on the decline. Just three years ago, in 2017, fraud amounted to $8.1 trillion biometrically secured transactions will take place annually via mobile devices. billion in damages.

article thumbnail

Digital Commerce and the Threat of Card-not-present Fraud

BigCommerce

Some estimates project that global ecommerce sales will reach $4 trillion by the year 2020. Mobile payments are also making an increasing impact. This shift to mobile is pushed along with the ever expanding list of payments-enabled devices. In 2016, shoppers spent more than $1.9 trillion worldwide. Smartwatches.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Retailers Can Learn Lessons From Consumers' Card Safety Concerns

RTP blog

By Nicole Bryan, Sterling Payment Technologies Given the rise in reported data breaches and credit card fraud concerns, it should come as no surprise that the shift to EMV and mobile payments has some shoppers wary. That’s an important factor because the loss on any given fraudulent transaction can be significant.

article thumbnail

Boost Your Business with These 3 Must-Have Technology Trends

365 Retail

From Buy Now Pay Later instalment loans and collaborative technologies to mobile payments and 5G technology, these automated, contactless, AI-driven options are changing the face of businesses across the globe. . In fact, web searches for BNPL have exploded by 1014% since 2017. . Tap -to-Mobile Contactless Card Machines.

article thumbnail

WePay Review for 2019: Is This the Right Option for Merchants?

Ecommerce Platforms

Looking for a simple solution for building a payment processing platform? These days, the digital world, combined with mobile point of sale systems, easy eCommerce management options and a range of other tools means that it's easier than ever to launch your own business online. Integrated payments. Aren't we all?

article thumbnail

What is Apple Pay and How Does it Work?

Ecommerce Platforms

In today's increasingly digitized world, where mobile shopping is the norm, we’re spoiled for payment options. After all, most of us have our phones on us at all times, making mobile payments a quick and convenient way of processing transactions. As you probably already know, Apple Pay is Apple’s mobile payment service.

article thumbnail

How Coronavirus (COVID-19) Is Impacting Ecommerce [December 2021]

ROI Revolution

million in 2017. Touchless payment continues to grow. Contactless payment methods surged last year with the pandemic and consumers’ concerns around safety. Touchless transactions like proximity mobile payment, buy now pay later, & BOPIS all surged with COVID-19 and are continuing to see growth even as the pandemic subsides.

eCommerce 148