According to Fresh Business Thinking, new research has found that online shoppers still have reservations about shopping online. Figures showed that nearly half (46%) of online shoppers feel frustrated by the security questions asked when making purchases on the internet. Over a third, 39%, abandoned online transactions because they thought they were being asked for too much personal information.
Further figures detailed that whilst respondents felt this way about online shopping, a huge percentage of them still shopped online (98%). This demonstrates a commitment to online shopping with retailers and sites consumers feel safe and secure with.
A SmartDebit representative explained, “The internet provides our clients with a huge target market and we are committed to ensuring our clients and their customers enjoy smooth payments in a safe and secure fashion.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.