Boaz Gam
Recent articles
Mastercard Europe: Aiming for 100% eCommerce Tokenization by 2030
According to recent research, losses from online payment fraud are forecast to hit $91 billion by 2028. In response to this pressing issue, Mastercard announced its intention to achieve 100% eCommerce tokenization across Europe by 2030.
New BNPL Legislation in Australia: What Can We Expect?
In recent years, Australia has seen a significant increase in the adoption of Buy Now, Pay Later products from companies like Afterpay, Klarna, and Zip. In fact, around 40% of Australians used this payment method in the first half of 2024. Due to such rapid growth, the local government started developing new legislation to regulate the actions of BNPL service providers.
The Importance of Standardization in the Global Payments Ecosystem
In recent years, many domestic instant payment systems have become capable of handling international transactions. In turn, these advancements have set the stage for significantly faster, cheaper, more accessible, and transparent global payments.
Tapping into eCommerce Refund Fraud & Its Influence on Businesses
Modern-day merchants are increasingly facing refund fraud - a dishonest practice, where consumers manipulate return policies to acquire items without payment. Such activity poses a serious threat to companies’ financial situation, inventory management, and customer relationships.
Mastercard First-Party Trust Program: Addressing Chargeback Misuse
Based on a study conducted by Mastercard, first-party chargeback misuse, commonly known as friendly fraud, accounts for 75% of all chargebacks reported under the fraud reason code. This means that in two-thirds of cases, cardholders and issuers file false claims of fraud either deliberately or by mistake even though they have genuinely participated in transactions.
What Does the Future of ATMs Look Like in a Hi-Tech World?
Once a breakthrough in financial services, ATMs can be found everywhere nowadays, making it easy for people to get cash and handle basic monetary tasks. However, with the rise of online banking, mobile payments, and the move toward a cashless society, their future seems uncertain. Are ATMs on the verge of becoming unnecessary, or can they still play a role in today’s hi-tech landscape?
Top Trends Driving the Evolution of Grocery Shopping in 2024
Nowadays, price inflation continues to be one of the biggest consumer concerns, making them hesitant to make purchases both online and offline. To outweigh these worries, grocers need to focus on optimizing costs and enhancing the customer experience. One way of achieving this is by tapping into the latest payment industry trends and exploring innovative solutions.
Paperless Transactions in APAC: Current State & Future Insights
While cash and paper checks remain prominent in some countries in the Asia Pacific, the convenience of digital wallets and other novel payment methods is increasing the popularity of alternative transactions. In fact, in 2023, APAC recorded the highest paperless payment value globally, amounting to over $29 billion and representing 52% of the worldwide share.
Effective Payment Solutions for Optimizing the Customer Journey
The steps through which a consumer goes from discovering and purchasing a product to receiving and using it is called the customer journey. While each of the stages of this process is important, the payment phase must be on top of the business priority list. After all, if the checkout doesn’t flow smoothly, it is likely to result in cart abandonment and, consequently, loss of profit for the merchant.