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...
read more → Jun 21
With the rapid advancement of cross-border ecommerce across the globe and the ever-increasing number of merchants jumping on the online bandwagon, DTC has become the preferred operating model to power the cross-border online business. Seamlessly and effectively supported by the SaaS service platform, the DTC model is the merchant’s ideal...
read more → May 30
Shopify is an e-commerce solution that allows businesses to manage their online stores effectively. Enterprises seeking to reach customers worldwide can use its robust features to extend their reach, eliminating the need for physical storefronts. It also allows businesses to grow their sales and reach without the hassle associated with...
read more → May 30
This year, Singapore's digital payments market has experienced a surge. This is because a growing number of e-commerce platforms support digital payments, and vendors are increasingly offering contactless and mobile payment options to consumers. Thanks to digital wallets and mobile payment apps like CashApp, Venmo, PayPal, etc., seamless and secure...
read more → May 15
As the goalkeeper for the online shopping journey, an excellent payment experience will improve the conversion and retention rate for e-commerce websites, while an unsatisfactory experience will have a direct impact and result in loss of revenue. Oceanpayment, the leading cross-border payment service in China, has worked closely with Shopify,...
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