Oct 22

Halloween Is Just Around the Corner – Shopping Trends

What once originated as a Celtic festival to ward off evil spirits, Halloween has now become one of the largest spending holidays in the United States. Here’s a look at major trends and statistics which should be expected for the upcoming Halloween season:  Who is spending the most on Halloween? ... read more →
Oct 18

The Benefit of WeChat Pay Customs Push

Chinese consumers are shopping online more than ever. However, the Chinese market is unexplored for EU merchants. This is due to long shipping and clearance times and a lack of knowledge regarding regulations and logistics. Here’s a look at the WeChat Pay customs push solution and how it can drastically... read more →
Sep 29

Online Shoppers’ Behaviour in Asia Pacific

Mobile technology’s rapid spread in Asia Pacific has contributed to an increase in digital commerce. Euromonitor International found that 41% of global e-commerce spending was from the region.  Due to this, experts suggest that the region will begin shaping worldwide e-commerce trends altogether. Here's a look at online shoppers behaviour... read more →
Sep 23

Oceanpayment’s Risk Management System

Digital online and mobile banking users exceeded 2 billion in 2018, according to the 2019 Global Identity and Anti-Fraud Report. Additionally, the industry expects an 11% growth rate by 2023. Due to this growth, fraud concerns are increasing tremendously. Here’s how Oceanpayment’s risk management system helps cross-border merchants stay safe.  ... read more →
Sep 16

UK Online Shopping Trends

UK online shopping trends project a reach of over 200 billion euros in turnover by the end of 2019. This will be a 14.6%  increase from the turnover of 175 billion euros in 2018. Here is a look at some more insight regarding the e-commerce market of England and spending... read more →
Aug 23

The Shopping Experience and Cart Abandonment

In 2019 e-commerce stores are continuously battling cart abandonment issues. Merchants want to know the reasons behind users abandoning their carts. Poor shopping experience and payment process problems are some of the biggest issues in this regard. Here’s why cart abandonment is happening and how to avoid it:  The Shopping... read more →
Aug 19

Choosing The Right Payment Provider

As an online merchant, one of the most important aspects of a business is the payment process. Customers should have a smooth and user-friendly payment experience, ensuring larger profits and lower cart abandonment rates for merchants. Here are features to consider when choosing the right payment provider: What Is a... read more →
Aug 01

Stock-up Strategy and Trends for Back-to-School

With the start of school approaching, families are preparing with back-to-school (B2S)  shopping. Deloitte estimates that families will spend $27.8 billion in purchasing necessary school items in the US. Here are some shopping trends of back-to-school shoppers and the importance of a stock-up strategy for merchants. Back-to-School Shopping Trends  Based... read more →
Jul 26

PSD 2 and Its Affect On Card Approval Ratio

PSD2 (Revised Payment Service Directive) comes into full effect on 14th of September, 2019. Every online transaction which is initiated from an EU issued card to a merchant's online store will go through SCA (Strong Customer Authentication) which means every such transaction must go through 3D secure authentication.  PSD2 and What... read more →
Jul 22

3D Secure 2.0 Payment Authentication Solution

With the popularity of online card transactions and the constantly increasing fraud, global bank card fraud losses are accumulated to tens of billions of US dollars each year. Back in the days, in 2001 in order to improve the security of online transactions and protect users' online experience, EMVCo. launched... read more →