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Trends Analysis: The State of Mobile Payment

ESW

Debit and credit cards are now the most popular choice for consumers, but even these trusted payment methods are under threat. Electronic and mobile payment solutions are proliferating. Are mobile payment apps the future of online and in-store payments, or are they a bubble waiting to burst?

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Digital Wallets: What’s Good for the Payments Industry is Good for Retailers…Right?

Retail TouchPoints

As the online payments industry continues to evolve, new digital wallet solutions, such as mobile payment apps and e-wallet platforms, are becoming increasingly popular and reshaping the way consumers transact. 4 Pros of Digital Wallets Some of the advantages of digital wallet payment options include: 1.

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7 Brands Discuss the Benefits of the New Cashless Economy and Apple Pay’s Growing Ubiquity

BigCommerce

Adii Pienaar, Founder of Conversio and WooThemes (later acquired by WooCommerce), sums this up best: Customers worldwide are using their mobile devices for online shopping more often. Depending on who you want to believe, it’s estimated that since late-2014 more than 50% of all online purchases are made from mobile devices.

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Digital Commerce and the Threat of Card-not-present Fraud

BigCommerce

Digital commerce continues to be top of mind for online retailers. Retailers continually optimize their sales channels to deliver more seamless consumer experiences. Mobile payments are also making an increasing impact. This shift to mobile is pushed along with the ever expanding list of payments-enabled devices.

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Physical Retail Environments will be Transformed by the Widespread Adoption of AR Glasses

Retail TouchPoints

For example, with augmented reality glasses, retailers will personalize recommendations, similar to how we experience targeted online advertisements; shoppers will be able to pay for goods simply by looking at them; and much more. Payment in the Blink of an Eye Mobile payments are already becoming prevalent in brick-and-mortar retail.

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How online retailers can profit from Singles’ Day and the global shopping festival

GetElastic

Retailers must be aware of how various regions prefer to pay and offer that corresponding method to those consumers. In many parts of Asia, this means looking to mobile payments as opposed to traditional card-based payments here in the U.S. This means developing smart partnerships for local payment expertise. [1]

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eCommerce Fraud Trends Every Online Store Owner Should Know

lateshipment

Hacking Alternative Payment Options. With millennials and Gen Z consumers more and more interested in mobile purchasing, they are looking for the most frictionless way to pay. Fraudsters are finding these alternative payment systems are often easier to hack, making these types of transactions attractive targets: Mobile Wallets.