LATAM Financial Inclusion Logistical Complexities and the Rise of Instant Payments
Philipp Bock of PPRO, Ana Paula Leite of Microsoft, and Svante Westerberg of Braintree discuss opportunities in the Latin American payments market and provide insight into what makes it a unique opportunity. Topics covered include market maturity, the potential advantages of local processing, alternative payments methods, and the different ways shoppers in this market engage with banks, credit, and debit cards.
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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
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 whitepaper begins with a snapshot of PSD2 and summarizes the directive's main changes, focusing on SCA. After highlighting how SCA will affect financial services companies, the paper examines how biometrics can meet SCA requirements while avoiding unnecessary friction. The document concludes with an overview of Nuance's biometrics solutions.
This whitepaper details three alternative payment methods European and American companies should adopt to capitalize on the buying power of Chinese shoppers, which are Alipay, WeChat Pay, and UnionPay QuickPass. The paper also considers how payment methods can be used as channels to more effectively market to consumers and why mobile payments are vitally important in capturing new customers.