Sep 01
Oceanpayment is a global acquisition partner of Discover® Global Network, one of the six largest international card organizations. We are committed to our joint goal of providing our global business customers with cutting-edge global e-commerce industry information and market insights, breaking knowledge boundaries and broadening global horizons. To achieve our...
read more →- September 1, 2023
- Payment Insights
Sep 01
Boleto has rapidly become one of the most popular payment formats across Brazil. Introduced in 1993, the payment method is actively used across the country to make payments across different vendors. Data from the Brazilian Federation of Banks suggests that the payment method is actively used by over 40,000 processors...
read more → Aug 31
With the rapid progression of ecommerce across the globe, it is estimated that by 2026, the total volume of ecommerce transactions will exceed USD 8.53 trillion1. To maximize the growth benefits from this increasing trend, cross—border merchants must be ready and able to accommodate the diverse and dynamic expectations of...
read more →- August 31, 2023
- BLOG, News
Aug 18
In today’s highly competitive cross-border commercial operations, every single occurrence of a fraud diminishes a merchant’s revenue and margin. Statista estimates that e-commerce losses due to online payment fraud amounted to USD41 billion globally in 2022, up from the previous year. And this figure is expected to grow further to...
read more → Jul 31
An electronic payment system is a way to process payments electronically using credit cards, ACH payments, and mobile wallets instead of cash or checks. It's a quick and efficient method for online transactions, benefiting both customers and retailers. In the following section, we'll look at electronic payments in more detail...
read more → Jul 31
Online payment security is an increasingly important concern for every business. According to a survey, 71% of businesses experienced payment fraud last year. The consequences of payment fraud can be quite costly, as evidenced by the average cost of $9.44 million for a data breach in the US. To safeguard...
read more → Jul 14
Having spent thirty minutes browsing through the website, the consumer eventually decides on the product of their choice. However, during the payment step, the consumer realizes that there is no payment method that they are familiar with and therefore abandons the cart. What a disheartening experience, both for the consumer...
read more → Jul 06
ChatGPT, the new AI kid on the block, has taken the world by storm, spurring a tsunami of adopters across all industries. Riding on the wave of the widespread adoption of ChatGPT, generative AI is experiencing explosive growth, generating opportunities for innovative development in every industry. However, this innovative tool...
read more → Jun 30
As the trend of online payments increases, fraudsters are also following suit. Nowadays, most customers prefer shopping online regardless of their geographical location. People are increasingly choosing to purchase items online, such as furniture, fashion, and fast food, which were traditionally bought in physical stores. Online shopping has gained immense...
read more → Jun 30
The popularity of Software as a Service (SaaS) has grown in recent years and is projected to reach $195 billion this year. SaaS offers various solutions like customer resource management (CRM), enterprise resource planning (ERP), and more, ensuring a promising future with further growth anticipated. When it comes to expanding...
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