The ecommerce market is diversifying, and as more consumers opt to shop online, it has become essential for payment service providers to offer alternative payment methods (APMs) to suit their customers.
According to global payment gateway solution provider PAY.ON, APMs could account for nearly 60 percent of all ecommerce transactions by 2017, with the growth of cross-border ecommerce adding to the complexity.
Planet Payment, a leading provider of payment processing solutions, was cognisant of this shifting ecommerce landscape, but found that despite offering a strong multi-currency pricing solution, it no longer had the underlying gateway technology to serve an increasingly global client base.
Paul Levine, president of Planet Payment Solutions, said: “Supporting our merchants’ alternative payment needs as they expanded into new markets was a roadblock for Planet Payment. Often, it was too difficult to justify the first integration to a local payment method.”
In this case study, PAY.ON explains how it helped Planet Payment start winning merchants again – including some of the US and Canada’s largest e-retailers – by working with the company to upgrade its technological capabilities, including integrating like-for-like settlement in more currencies, and introducing the tech to take their end-to-end China UnionPay acquiring and processing solution global.
Levine continued: “Now we can negotiate a commercial arrangement with a local payment provider and enable technical connectivity with the flip of a switch, allowing us to give better payment support to our merchants.”
Fill in the form below to download your copy of the case study.
It's banks, not government agencies, that the British people trust to deliver biometric authentication payment services, says a new Visa study.
With less than two weeks to go until the US liability shift hits its first anniversary, MasterCard published new data evidencing the positive impact the technology is having on issuing banks, merchants and consumers, as well as saying adoption continues to grow.
Three years since the public consultation, and a year since the £20 was revealed to be the next note to have a makeover, 13th September marks the day that the new £5 polymer bank note enters into circulation.
Global card payments are growing at twice the rate of the number of cards in circulation as acceptance booms and consumer habits shift away from cash.