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.
Following a milestone in August, when spending via contactless accounted for 20% of all card transactions in the UK, the technology has reached another: contactless now makes up a quarter of all UK card transactions, according to the latest figures from the UK Card Association (UKCA).
Ford Motor Co and Amazon have announced a collaboration that will see Amazon’s Alexa integrated into Ford vehicles as a voice-activated digital assistant.
ING has partnered with Dutch startup, Whydonate, to create a contactless charity collection box to help keep the charity sector innovative in a time when cash is being used less frequently.
Rakuten Deutschland, a subsidiary of Japan’s largest e-commerce site, has expanded its existing partnership with Wirecard to offer a wider range of payment methods.