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May 2021 COVID-19 + Ecommerce News Roundup

ROI Revolution

65% express the need for more frequent communication with customers. 72% of marketers will prioritize improving the quality of their customer data over the next 12 months. in 2020 and are expected to surge another 28.8% By 2022, mobile retail revenue will pass $432 billion, a 25.1% in Q2 2020. by next year.

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Oracle NetSuite Review: How to Build a Next-Gen Store in the Ecommerce Age

Ecommerce Platforms

Small businesses , mid-sized businesses, and global enterprises with multiple locations and large personnel numbers use NetSuite. Over 400,000 businesses in those three categories use NetSuite to simplify their business processes across different industries like: Professional and consulting service. Manufacturing.

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How To Reduce Credit Card Fraud On Your Online Store

FastSpring

billion spent the year prior, according to a new Internet Retailer analysis of industry data and historical U.S. Unfortunately, as growth in online payments continues to climb so do instances of credit card fraud. billion by 2020. Accepting fraudulent payments can have real consequences for digital businesses.

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How Retailers Can Fight Fraud During COVID-19

Retail TouchPoints

retailers’ online year-over-year revenue growth is up 68% as of mid-April, surpassing an earlier peak of 49% in early January. While it’s easy to let it slip by the wayside to deal with more urgent matters, such as company revenue changes, employee impacts, concerns for family and friends, etc.,

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6 Reasons Why Modernizing Your Small Business Is So Important

Korona

Today’s customers have different expectations and needs than those of 10 – 20 years ago. Businesses need to go modern to take advantage of this change with modern business processes to meet clients’ and consumers’ needs. What Modernization Means for Present-Day Businesses. It prioritizes security. Conclusion.

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Magento 1 End of Life: How You Should Respond to It?

Ecommerce Platforms

However, in September 2018, Magento set the final end of life date to June 30, 2020. So by June 2020 end of life date, Magento will stop all software security patches or quality fixes to Magento 1. Albeit, you’ll be exposing your store and customer data to vulnerabilities and hackers that can destroy your brand’s reputation.

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Account Takeovers: The Next Big Retailer Threat

RTP blog

By Tom Byrnes, Vesta Merchants today are seeing an increase in revenue losses and fraud costs due to an often overlooked and hard-to-spot problem: account takeovers. by 2020, and 45% of those sales will be through mobile devices, according to one analysis. of their annual revenue to fraud, according to a recent study.