Payment Methods in 2021
We aim to provide an overview on what drives innovation further when it comes to reach, conversion, and cost of payment methods, and how the industry dynamics – such as M&As and investments in BNPL and online banking payments companies – depict a forward-looking perspective on where the payment business environment is heading to.
After introducing the Report highlights, our guests speakers will go in-depth with how things look on their side when it comes to the evolution and market share of Account-to-Account payments and Buy Now, Pay Later and what factors are influencing the growth of these payment methods (technology, customer demand, the competitive landscape in terms of costs).
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Buy Now Pay Later (BNPL) has changed the payments game. Jump right in and learn how to take advantage of this payment method to attract and expand buying power to your customers. Determine how BNPL can best fit your business and how to navigate this emerging payment technology!
Sift's Brittany Allen will provide a transparent look into how merchants can tackle one of the most challenging forms of fraud. With real use cases of collusion fraud from across multiple companies' experiences, plus examples of criminal chatter from the deep and dark web, attendees will leave with clear takeaways to improve their own team's fraud prevention processes by leveraging internal data, machine learning, and partnering with knowledgeable fraud fighters.
During the session, Brittany will discuss the inner workings of the most prevalent and emerging types of fraud marketplaces encounter, including:
ATO's and Merchant Fraud: Whether it's a new account or the ATO'd account of an inactive seller, we'll cover the potential risk of marketplace collusion.
BNPL Fraud: A fraudster controlling both a seller and buyer account who selects installment payments at checkout, eventually building to $200,000 in payouts.
Empty Package/ Item Not Received Fraud: As a marketplace, when it comes to empty package claims, how do you know which side to believe? And what if both sides are actually fraudulent and your marketplace isn't the target, but the postal service is?
Voucher and Points Cashout: How to prevent fraudsters from abusing vouchers and promos.
As vertical software vendors and platforms continue to embed financial services into their platforms, these businesses are becoming increasingly responsible for supporting products and services outside of their core products and operations. Even with the help of partners that provide these services, businesses often have to adapt their organization through new roles and responsibilities, processes, and policies to enable use cases and areas of focus like payment facilitation, risk mitigation, compliance, card issuance, and lending. This presentation will draw from platforms that have embedded financial services as well as select technology providers that provide the technology.
Are you still on the fence about including alternative payments into your e-commerce stack?
Join Paypal, and Eric Liang, Co-founder and CIO at Spokeo, as they share lessons learned and recommend some best practices on how merchants can successfully incorporate alternative payments into its payment systems. Using the partnership between Spokeo and Paypal as the case study, the pair will highlight what worked and pitfalls to avoid that enabled Spokeo to achieve a 25% lift in conversions and 14% increase in net new customers.
Key Takeaways include:
Learn about Spokeo’s business model and how Paypal has become a vital alternative payment method to Spokeo’s legacy payment platform
Understand how Spokeo implemented Paypal by conducting a controlled A/B test in its acquisition funnels to avoid upsetting current payments performance
Find out what metrics to track and analyze in order to quantify the true impacts of the Paypal A/B test
Hear how Spokeo used Paypal’s built-in fraud detection system to reduce costs by eliminating duplicative fraud tools
Find out how Spokeo discovered and reached a new customer segment with Paypal that are privacy minded & risk averse to having their credit card information potentially breached
Alternative Payments do not only provide consumers with more choice, but they also increase your revenue by expanding your audience.
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
With the upcoming 3DS1 decommission planned in Oct’22, it’s important for merchants to plan their authentication strategy to not just process EMV 3DS transactions but optimize the entire payment experience.
To find out, join Gautam Pande – Director, Product Management, Identity Solutions at Mastercard to provide key considerations ahead of the 3DS1 Decommission & share updates of the Identity Check platform to enable seamless digital commerce
- Find out what to expect after the decommission date
- Be able to understand key changes in EMV 3DS 2.2
- Understand Mastercard’s Smart Authentication Platform
- Preview the Identity Check Express and the customer journey
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.
In Nethone Buy Now Pay Later guide, you will learn:
- How BNPL is quickly becoming a payment method loved by consumers
- About the types of fraud associated with BNPL
- How to implement BNPL without succumbing to fraudsters
- How to keep your customers happy with a smooth UX
- How we can help you with an advanced fraud solution
- About the future prospects for BNPL
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.