Acquirers face a multitude of challenges in ecommerce today: technology shifting away from legacy systems, fulfilling dynamic merchant needs, fending off the rise of alternative payment methods, deploying solutions for fraud prevention, and many more.
Ecommerce-based growth is providing acquirers with huge opportunities, but the market is becoming more and more diluted as the rise of digital innovators steadily decreases acquirers’ market share. This means that acquirers’ margins are being squeezed and they cannot compete solely based on price. They now need to offer merchants more bang for their buck through adaptable solutions and value-added services.
So how can acquirers carve out space for themselves in an increasingly crowded ecommerce market?
In a detailed eGuide, ACI Worldwide presents a comprehensive range of solutions to acquirers in the booming, yet fragmenting, ecommerce sector.
Find out how acquirers can compete and win in the eCommerce sector by making use of advanced software as a service solutions, and maximise their flexibility and responsiveness.
The Merchant Risk Council is a global trade association that brings together industry professionals in fraud, risk and payments. The conference saw speakers from the likes of from PayU, JPMorgan Chase, Google and Santander who all took part in educational sessions and spoke about where the industry is heading.
Booking travel arrangements online has never been faster, cheaper, or more convenient for consumers. The rise of smartphones in particular has resulted in an uplift in last minute bookings, and with the younger generation driving the digital shift, travel operators need to deploy mobile-first experiences, or run the risk of being left behind.
Eastern Europe is still very much a region finding its identity following the breakdown of the Soviet Union over 20 years ago. Countries in the region are at various stages of economic growth and payments infrastructure development, and the e-commerce landscape looks different as you cross borders.
The failure to keep pace with expanding compliance procedures has seen a rise in the number of financial penalties issued by regulators over the past few years. As anti-money laundering (AML), know-your-customer (KYC), counter-terrorism financing and other compliance obligations expand across different territories, organisations large and small have struggled to maintain adequate and comprehensive safeguards – often resulting in sizable fines and significant reputational damage.