Payment processor WorldPay and Intershop have announced an agreement which will see WorldPay services integrated with the Intershop 7 platform.
The integration of WorldPay’s services into the Intershop platform seeks to maximise merchants’ transaction success and their ability to execute cross-border strategies by offering customers access to locally preferred methods of payments through WorldPay’s portfolio of 200+ alternative payment types. According to the Global Online Shopper Report, commissioned by WorldPay, 61% of online shoppers have greater confidence in a website that offers them a choice of payment methods.
Shane Happach, Chief Commercial Officer, eCommerce division at WorldPay, comments: “Following WorldPay’s integration with Intershop’s platform, merchants can now benefit from a comprehensive eCommerce solution that delivers unrivalled payment processing, risk and alternative payment capabilities. If they are to make the most of the potential that eCommerce brings, merchants must employ systems that are interoperable and efficient for them, and bring added value and convenience for customers. Consumers will not think twice about abandoning their shopping cart if their preferred payment method is not available. This integration places emphasis on the importance of the availability of preferred payment types, which many other platforms do not consider, to enable merchants to operate eCommerce globally through a single interface.”
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more