Impact of COVID-19 on Travel and the Need for Alternative Forms of Payment (AFOPs)
In the first half of 2020, the travel industry was among the hardest hit by lockdowns and other measures enacted in light of the rapid spread of the novel coronavirus. This webinar examines findings from UATP and Edgar, Dunn & Company on the state of the travel sector and the potential Alternative Forms of Payment, or AFOPs, are anticipated to have as airline bookings begin to recover from the pandemic. Implementation examples plus a Q&A period are also included.
Some content is hidden, to be able to see it login here Login
There are no related Events
This MRC Virtual 2022 presentation highlights risks mitigation strategies, the types of fraud merchants may encounter, and provides useful insights into current and future regulations in the crypto space.
This highly educational presentation from subject matter experts explores this process in detail, and is a must read for anyone interested in implementing crypto or the blockchain into their payments stack.
As we know though, fraudsters also follow trends. They follow the flow of money, and that means more bad actors targeting alternative payment methods.
This MRC Virtual presentation from Jane Lee, Trust and Safety Architect at Sift, assesses and explains the risk factors merchants should consider when accepting cryptocurrency and starting the process of BNPL payment integration.
With more people shopping online, you might think checkout conversion rates would improve. However, global conversion rates fell from 2.37% in the third quarter of 2019 to 2.17% in the third quarter of 2020, which means that more shoppers may not necessarily mean more sales.
If you're not offering the right payment method for the countries or regions you sell in, there's a good chance your customers will bounce before finalizing the purchase. In fact, almost half of all shoppers surveyed in the US and UK said they would abandon a purchase at checkout if their preferred way to pay isn't accepted. That means lower checkout conversions and, ultimately, less revenue.
In most of the world, the payment methods that the payment industry has historically classified as "alternative" are the norm - 77% of all online purchases in 2021 were made using a local payment method, such as bank transfer, wallet or BNPL.
This presentation makes a compelling case for the acceptance of alternative payment methods by any merchant, especially those interesting in expansion into new markets.
Ultimately, in the world of payments, success depends on human factors, like how consumers perceive and respond to risk, reward and effort.
Against this backdrop, Token surveyed over 1,000 people across Europe about the attitudes, preferences and behaviours shaping their financial and digital lives.
Token presents: "Who Will Pay by Bank" a data-driven look at the human element that will fuel the future of open banking payments.
A glimpse into this report:
- Learn which consumers are paying by bank today and where will we see demand tomorrow
- Discover the behaviours and opportunities that could support continued uptake of account-to-account (A2A) payments
- Understand how consumers in Europe perceive the benefits of A2A payments and other payment methods on a country-by-country basis
- Uncover how consumers understand open banking's evolving role in their lives
- Read commentary from the Open Banking Implementation Entity, Open Banking Expo, American Express, Ban
False positives down, revenue up! Learn from an Experian fraud expert how machine learning strengthens fraud prevention, reduces false positives, and leads to new revenues.
Fraud prevention is one of the most exciting areas in commerce. However, it is also challenging to core business functions. This webinar will present how modern fraud prevention becomes more efficient through machine learning models and how this results in new revenue potential.
By participating in this webinar, the learner should be able to understand:
- State-of-the-art fraud prevention methods and current fraud figures
- How machine learning supports fraud prevention
- Why companies should rely on smart fraud prevention with machine learning models
Since the COVID-19 pandemic has changed the global economy and affected online shoppers’ behaviours in ways that are creating new patterns. The travel and hospitality industry is often held as an exemplary model for these changes.
Join Anthony Mannino, Director of Partnership, EMEA, of Ekata and Thomas Helldorff, VP Airlines & Travel of Worldpay on 2 February at 16:00pm Central European Time to learn more about what patterns Ekata is seeing for the travel industry and how to ensure you continue to engage and satisfy your best customers while protecting your business from fraud in the post covid time.
- Best practices for creating frictionless customer experiences and solutions to defend against fraud
- The impact of Covid-19 on consumers’ online booking behaviours and looking ahead to post Covid-era
- Why identity verification is important to the process
Open banking in the UK and EU has created a new online payment option: instant bank transfers, which offer lower fees, better security and more convenience for consumers. In February of 2021, more than one million open banking payments were processed in the UK, compared with 300,000 for the whole of 2019. But how mature is this payment option, who’s already using it and will consumers adopt it?
Join TrueLayer and guests, as we cover: What open banking payments are and how they work - The retail trends that are driving the growth of this new payment option - Is the time right? A status check on usage, adoption and readiness of open banking payments in the UK and Europe - How open banking payments drive value for ecommerce merchants - The consumer payment experience: demo of UX + real case studies - Consumer protections for open banking payments.
This report from Arkose Labs analyzes user sessions and attack patterns from Q1 and Q2 2020 to help ascertain how the risk landscape changed as a result of COVID-19 and rapid shifts in consumer behavior. Fraud and abuse trends are highlighted first, focused on attack volumes and observations around botnets. Country and regional attack patterns in light of the coronavirus are examined next, followed by a look at account takeover and how bots are being leveraged through social media platforms.
The focus then turns to industry-specific trends, particularly those impacting the online gaming, technology, and travel sectors. Arkose Labs wraps up with a brief conclusion, a helpful glossary of terms, and a short company profile.