Tag: Online Payments

Explore the latest news and insights on online payments in payments and banking, focusing on trends, security measures, and innovations driving the future of digital transactions.

The Pandemic pulled forth Omnicommerce faster than Video Killed the Radio Star. It is no longer a two channel system of face-to-face and eCommerce. Omnicommerce expands the channels and experiences to offer on-demand, delivery, curbside pick-up, in-person and mobile. Social media and voice activated devices continue to add dimensions. Businesses must adapt and combine online and offline interactions with a payment system which supports the interactions, inventory and transactions demanded by Omnicommerce. Payments must remain fast, seamless and efficient yet evolve to account for the multitude of entry points. In this way, consumers will be rewarded and continue to engage and adopt new payment methods. The stakes are high, however as the converse is also true. Unified experiences or bust Customers demand a unified experience. They may purchase in one channel but they can and do return through another. POS systems must be able to retrieve card data and perform reference refunds such that the card data is not stored but the reference to the purchase may be pulled and the tokenized card may be credited. This provides for an efficient consumer experience while remaining PCI compliant A friend relayed how easy it was to return a purchase that his wife made on Amazon. He indicated he would return the items at a Whole Foods store and received a QR code. He walked into the store with the items and had them scan the QR code. He received a credit to his account the following morning. Mother necessity and inventory management Inventory management must track SKU location and be able to accept returns even if an item is not sold through the channel where the return occurs. I recently exchanged a power tool at a Big Box retailer which was purchased online. It was excruciating. The online model was exactly the same as the floor model but because the online model was bundled with other items, I needed to return the entire set even though the floor model was identical to what was purchased online. Because of a different online pricing scheme, staff were not allowed to exchange a floor model with one purchased online. This experience was so full of seams, by comparison, Frankenstein’s head would be unblemished. Inventory management must go further and delineate inventory by buckets such as On-hand inventory Sold but not shipped inventory that much be deducted and Ordered but not received inventory that must be added Reporting, tracking and marketing required Merchants must be able to track customer spend over differing channels and provide guidance for marketing investment. This insight will assist businesses with content creation and promotions which will be more meaningful and personalized. The engagement should meet customers where they are and pair the technological sophistication of the consumer to that of the marketing based on their history.

Worldline’s Latest Comeback Effort: A2A Services for Merchants

by Tom Nawrocki

October 17, 2024

After operating in pilot mode for the past nine months, Bank Transfer by Worldline is now officially launching in ten ...

fraud in commercial payments, Vota fraud, mobile payments PCI compliance

Why Online Payments Fraud Continues to Grow

by Tom Nawrocki

July 19, 2024

Merchants around the world lost approximately $38 billion to online fraud in 2023, but that’s just the tip of the ...

Online Purchases Thrived During the Holidays, A Promising Sign for Prepaid

by Jordan Hirschfield

January 31, 2023

Online purchases thwarted the fears of a potential recession and grew by 21% year-over-year according to a recent report from ...

Santander Amazon Digital Payments Experience Paysafe Leadership Team, online bill pay

Online Bill Pay: Residents Forced to Pay Extra while City Hall Closed Amid COVID-19 Pandemic

by Sophia Gonzalez

December 22, 2022

Here is a case example of how one city in America mishandled its municipal bill payments during the COVID-19 pandemic, ...

The Top Trends in Debit

by PaymentsJournal

December 22, 2022

As we continue to emerge from the COVID-19 pandemic, debit spending patterns are undergoing some interesting trends. Overall debit usage ...

Customers Want Security and Ease of Use in Their Digital Payment Methods

by Connie Diaz De Teran

November 29, 2022

Digital wallet payments are growing in popularity both in the U.S. and the UK. This is according to a study by ...

Ireland Is the Newest Epicenter for Fintech Growth

by Connie Diaz De Teran

November 16, 2022

Ireland’s payment and fintech sector has seen massive growth, giving birth to new companies across various verticals. According to an ...

Confidence in Cross-Border Payments Is High in Saudi Arabia

by Connie Diaz De Teran

October 18, 2022

Cross-border payments are not only a convenient way to send money between countries, but also a necessity for many consumers. ...

Unemployment and Credit Losses: Enough to Force Change in Credit Policy through 2022?

Physical vs Digital Cards – How the Landscape Is Evolving

by Xavier Giandominici

September 15, 2022

With digital payments picking up steam around the world, it could be said that the future of the physical card ...

We Accept Credit, Debit and… Twitter?

by Don Apgar

May 9, 2022

Now that Elon Musk controls Twitter, he recently prepared a pitch deck for investors that outlines his plans for the ...

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Tag: Online Payments

Worldline’s Latest Comeback Effort: A2A Services for Merchants

Why Online Payments Fraud Continues to Grow

Online Purchases Thrived During the Holidays, A Promising Sign for Prepaid

Online Bill Pay: Residents Forced to Pay Extra while City Hall Closed Amid COVID-19 Pandemic

The Top Trends in Debit

Customers Want Security and Ease of Use in Their Digital Payment Methods

Ireland Is the Newest Epicenter for Fintech Growth

Confidence in Cross-Border Payments Is High in Saudi Arabia

Physical vs Digital Cards – How the Landscape Is Evolving

We Accept Credit, Debit and… Twitter?

Must Reads

Packaging Laws and Sports Betting Highlight Prepaid Regulatory Changes

Unlocking the Benefits of AI in Spend Management

Taking On the AI-Assisted Fraudsters

Very Real and Very Here: The Proliferating Use Cases for Instant Payments

How Virtual Cards and AI Revolutionize Safer Operational Purchases

Embedded Finance Is More Than an Efficiency Play—It’s a Growth Tool

The U.S. Is Leading the Way in Embedded Finance

The Most Vital Instant-Payment Use Cases for Small Businesses