Latest news with #checkout
Yahoo
7 days ago
- Business
- Yahoo
How payment performance drives growth for global e-commerce businesses
Global e-commerce is transforming rapidly, and businesses are redefining how they manage payments. Payments have shifted from being a back-end function to becoming a critical growth engine. They shape customer experiences, strengthen security, and enhance operational efficiency. However, to achieve this impact, businesses need more than plug-and-play solutions. They need a comprehensive understanding of the payment ecosystem. Payment Performance drives this transformation. While some may not recognise the term, it offers businesses a powerful way to thrive in the fiercely competitive global market. Payment Performance optimises every aspect of transaction processing to create seamless, secure, and efficient payment experiences. Instead of relying on generic solutions, businesses should seek out support from consulting payments teams that deliver a distinct advantage through their team of expert payment consultants. The consultants will work directly with a business to identify inefficiencies, solve challenges, and offer custom recommendations grounded in hands-on experience and industry expertise. This article explores how Payment Performance empowers global e-commerce, the invaluable expertise provided by consultants, and how businesses can maximise their potential with strategic, tailored payment solutions instead of off-the-shelf products. The checkout process is a critical moment in the customer's purchasing experience. A well-optimised checkout can reduce cart abandonment while fostering customer loyalty. Payment consultants, combining analytical expertise and commercial insight, design strategic solutions aimed at improving funnel conversion, increasing sales, and enhancing the customer experience. This could involve implementing localised payment methods or optimising recurring payment strategies, such as improving user experience (UX) and retry mechanisms. For example, systems that adjust retries for failed payments based on rejection codes or a customer's time zone can recover revenue that might otherwise be lost. By delivering bespoke recommendations and designing tailored payment flows, consultants help businesses maximise conversions while delivering a seamless user experience. This not only boosts revenue but also significantly enhances customer satisfaction. Authorisation rates, the percentage of successful transactions processed on the first attempt, are a vital metric for revenue generation. Payment consultants employ advanced technologies and strategies to improve these rates. One crucial method is Network Tokenisation, which replaces sensitive card details with secure tokens, reducing fraud risk, building trust, and minimising decline rates. Tokenisation also facilitates recurring payments, making subscription services more dependable for customers. Artificial intelligence (AI) and machine learning also play a key role. By analysing historical data, AI can predict transaction risks and success probabilities and make real-time adjustments. This approach optimises routing and approval strategies dynamically, resulting in a more secure and efficient payment system that leads to higher sales completion rates. Furthermore, consultants excel at identifying and resolving transaction failures by engaging directly with issuers and acquirers. This proactive outreach clarifies issues behind rejections and ensures smoother payment processes. Fraud prevention is essential but implementing excessive security measures may complicate the customer experience. Businesses must strike a delicate balance between preventing fraud and maintaining simplicity. AI and machine learning can help achieve this by detecting irregular transaction patterns in real time. For instance, systems can spot anomalies like unusual geographic locations or atypical customer behaviour, raising red flags before fraudulent activities occur. Payment consultants assist businesses in integrating these sophisticated fraud prevention tools, ensuring security without sacrificing user friendliness. Additionally, compliance with regional or global requirements, such as Europe's PSD2 mandates, ensures customers are protected while still being able to complete transactions with ease. Smart routing is a breakthrough element of Payment Performance. It directs transactions through the most efficient networks to maximise success. Real-time data enables merchants to analyse decline reasons and reroute transactions accordingly. For example, retrying failed payments through a secondary acquirer can notably improve approval rates. By leveraging detailed transaction data, such as customer behaviour, geographical trends, or flagged issues, businesses can predict and avoid decline points. This proactive approach reduces failure rates and drives operational efficiency. A high-performing payment system not only ensures smoother operations but also significantly reduces costs. Improving Payment Performance can save businesses money in areas like interchange fees, regulatory penalties, and operational redundancies. For example, using network tokens prevents failed transactions caused by card expirations. Similarly, routing transactions through high-performing acquirers can reduce processing fees. Armed with industry benchmarks and data-driven tools, consultants identify inefficiencies and implement strategies that allow businesses to operate more cost-effectively at scale. Global expansion into new markets demands a strong understanding of local payment preferences and compliance regulations. Offering localised payment methods, such as PIX in Brazil or Alipay in China, ensures businesses meet the needs of diverse customers. Failing to do so risks excluding potential buyers simply because their payment preferences are unavailable. Payment consultants provide businesses with a deep understanding of market-specific requirements. For instance, they enable compliance with local data protection laws or recurring payment restrictions, such as India's guidelines on storing card details. Adopting these solutions fosters customer trust and gains revenue from international markets. The payments landscape is evolving with the growing popularity of digital wallets, mobile payments, and subscription services. Payment consultants ensure businesses remain competitive by integrating these emerging technologies seamlessly. AI and real-time data analysis are central to these advancements. Businesses can leverage AI to predict transaction patterns, enhance fraud detection, and optimise routing dynamically. By maintaining innovative and scalable payment systems, consultants enable businesses to stay ahead of competitors and tap into evolving consumer preferences. Data is a powerful asset for e-commerce businesses. Payment consultants analyse transactional data to uncover performance gaps and create actionable strategies. For example, identifying trends related to card declines or suspicious activities can help businesses refine their systems. These insights result in targeted improvements, from simplifying customer interfaces to streamlining back-end functions. Data-driven approaches enable businesses to strengthen efficiency while building customer trust. Payment Performance is not merely a technical metric; it is a strategic tool that drives success. Whether enhancing authorisation rates, preventing fraud with AI, or improving payment routing, every facet of Payment Performance has a profound impact on revenue, customer satisfaction, and operational efficiency. By incorporating advanced technologies, localised strategies, and analytic insights, payment consultants empower businesses to achieve sustainable growth. Companies that prioritise Payment Performance position themselves to thrive in competitive markets, secure customer loyalty, and deliver outstanding results globally. Ariel Setton is Global Head of Payment Performance and Data Analytics, part of Worldline Consulting Services "How payment performance drives growth for global e-commerce businesses" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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Finextra
24-06-2025
- Business
- Finextra
Gr4vy to rewire payments for Grammarly
Gr4vy, the cloud-based payment orchestration platform, today announced that Grammarly, the trusted AI assistant for communication and productivity used by over 40 million people and 50,000 organizations, has chosen the company's no-code cloud system to create bespoke checkout experiences for its millions of users. 0 Grammarly needed a solution that would allow it to optimize its payment performance by integrating multiple payment service providers (PSPs) without the complexity of direct integrations—an effort that would otherwise require extensive development resources and ongoing maintenance. Gr4vy enables Grammarly to experiment with different PSPs effortlessly while also improving efficiency, reducing transaction costs, and increasing approval rates. Through Gr4vy's single integration, Grammarly now has access to over 400 payment providers, eliminating the need for custom-built PSP connections. Gr4vy's plug-and-play, no-code platform allows Grammarly to activate new PSPs with a single click, eliminating months of engineering work and significantly speeding up time to market. Additionally, Gr4vy ensures redundancy and reliability—if one PSP experiences downtime, transactions are rerouted instantly, preventing disruptions and revenue loss. 'Grammarly's decision to use our platform is a testament to the simplicity and flexibility we offer, as well as our ability to deliver efficient and scalable solutions that will drive customer growth and retention,' said John Lunn, Founder and CEO of Gr4vy. 'We are thrilled to empower Grammarly with the flexibility it needs to optimize payment processes while focusing on its core mission of helping people and teams do their best work.' Grammarly leverages several key features of Gr4vy's platform to improve its payment operations. With Gr4vy's hosted payment fields, Grammarly can securely collect sensitive card data, ensuring full PCI compliance. In addition, Grammarly uses Gr4vy's Account Updater to handle recurring billing transactions efficiently, automating the management of expired cards and ensuring uninterrupted subscription management. These features allow Grammarly to continuously refine and experiment with its payment strategy while maintaining the agility and scalability needed to support its growing operations Gr4vy continues to redefine the payment landscape by enabling businesses like Grammarly to take full control of their payment strategies. With a flexible, scalable, and future-proof infrastructure, the platform helps companies boost profitability, streamline operations, and explore new payment experiences—without the constraints of legacy systems. As Gr4vy expands its global reach, it remains focused on providing businesses with the tools they need to succeed in an evolving payments ecosystem. Committed to progress, the company helps industry leaders unlock their full potential and shape the future of payments.
Finextra
20-06-2025
- Business
- Finextra
Payabl. integrates Prestashop into e-commerce platforms, enabling seamless payments for merchants
European fintech provider payabl. has announced the launch of a new integration with PrestaShop, one of Europe's leading open-source e-commerce platforms. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The newly available plug-in allows PrestaShop users to connect to payabl.'s end-to-end payment infrastructure, giving online merchants access to over 300 local payment methods, card acquiring, multi-currency support, fraud prevention, and real-time reporting – all through a seamless checkout experience. Through this integration, PrestaShop's 250,000 merchants will now have the option to easily connect to payabl.'s technology and offer customers a seamless, secure, and scalable checkout experience. The plug-in enables merchants to accept card payments and 300+ local payment methods, supporting multi-currency transactions, built-in fraud prevention, and real-time reporting. While e-commerce sales in Europe are expected to surpass €565 billion by 2029*, payabl.'s research has shown 43% of consumers say that they would not return to a retailer after a poor checkout experience**, making the payment experience central to maximising this growth opportunity. This integration means PrestaShop's merchants can feel confident they are offering their customers an improved checkout experience with less friction, as well as faster and safer transactions. Today's announcement reflects payabl.'s commitment to simplifying payment processes for merchants and making secure, scalable solutions accessible across Europe. By launching this integration, payabl. aims to offer PrestaShop merchants an enhanced checkout experience while expanding its presence across one of the largest e-commerce ecosystems in the region. Ugne Buraciene, Group CEO of payabl., said: 'E-commerce continues to grow at pace across Europe, and making payabl.'s technology available to PrestaShop merchants is a natural step in our mission to support businesses with robust, scalable payment solutions. 'Today's consumers expect checkout experiences that are simple, fast, and secure — and our integration is designed to help merchants deliver exactly that. With payabl., businesses using PrestaShop can focus on growth while relying on a frictionless, secure payment infrastructure that keeps up with evolving customer demands.' European e-commerce expansion Reversing the immediate post-pandemic trend of in-store buying, e-commerce sales are now predicted to grow 7.8%. According to Forrester, this will increase by 16% from €389 billion in 2024 to €565 billion in 2029, with contributing factors including a stronger economy, the increasing adoption of omnichannel strategies, better price transparency, and cross-border marketplace expansion. In response to this accelerating demand, payabl. has made its advanced payment technology available to online merchants using the PrestaShop platform. The integration supports the growing need for secure, efficient, and scalable payment solutions across Europe and beyond. payabl. is a leading financial technology provider, delivering end-to-end payment solutions across card acquiring, local payment methods, point-of-sale (POS) terminals, multi-currency business accounts, and card issuing. Its gateway enables merchants to accept card payments and over 300 local methods globally, with seamless integration, real-time reporting, and dedicated support. Combining advanced payment technology with built-in fraud prevention and a high-touch service model, payabl. empowers businesses to grow faster with secure, scalable, and innovative payments.
FF News
20-06-2025
- Business
- FF News
payabl. Announces PrestaShop Integration to Support 250,000+ Online Merchants With Seamless Payments
European fintech provider Payabl has announced a new Payabl PrestaShop payment integration designed to simplify and enhance ecommerce transactions. The solution aims to provide over 250,000 online merchants with a seamless checkout experience, boosting conversion rates and operational efficiency. The newly available plug-in allows PrestaShop users to connect to payabl.'s end-to-end payment infrastructure, giving online merchants access to over 300 local payment methods, card acquiring, multi-currency support, fraud prevention, and real-time reporting – all through a seamless checkout experience. Through this integration, PrestaShop's 250,000 merchants will now have the option to easily connect to payabl.'s technology and offer customers a seamless, secure, and scalable checkout experience. The plug-in enables merchants to accept card payments and 300+ local payment methods, supporting multi-currency transactions, built-in fraud prevention, and real-time reporting. While e-commerce sales in Europe are expected to surpass €565 billion by 2029 *, payabl.'s research has shown 43% of consumers say that they would not return to a retailer after a poor checkout experience**, making the payment experience central to maximising this growth opportunity. This integration means PrestaShop's merchants can feel confident they are offering their customers an improved checkout experience with less friction, as well as faster and safer transactions. Today's announcement reflects payabl.'s commitment to simplifying payment processes for merchants and making secure, scalable solutions accessible across Europe. By launching this integration, payabl. aims to offer PrestaShop merchants an enhanced checkout experience while expanding its presence across one of the largest e-commerce ecosystems in the region. Ugne Buraciene, Group CEO of payabl., said: 'E-commerce continues to grow at pace across Europe, and making payabl.'s technology available to PrestaShop merchants is a natural step in our mission to support businesses with robust, scalable payment solutions. 'Today's consumers expect checkout experiences that are simple, fast, and secure — and our integration is designed to help merchants deliver exactly that. With payabl., businesses using PrestaShop can focus on growth while relying on a frictionless, secure payment infrastructure that keeps up with evolving customer demands.' European e-commerce expansion Reversing the immediate post-pandemic trend of in-store buying, e-commerce sales are now predicted to grow 7.8%. According to Forrester, this will increase by 16% from €389 billion in 2024 to €565 billion in 2029, with contributing factors including a stronger economy, the increasing adoption of omnichannel strategies, better price transparency, and cross-border marketplace expansion. In response to this accelerating demand, payabl. has made its advanced payment technology available to online merchants using the PrestaShop platform. The integration supports the growing need for secure, efficient, and scalable payment solutions across Europe and beyond. payabl. is a leading financial technology provider, delivering end-to-end payment solutions across card acquiring, local payment methods, point-of-sale (POS) terminals, multi-currency business accounts, and card issuing. Its gateway enables merchants to accept card payments and over 300 local methods globally, with seamless integration, real-time reporting, and dedicated support. By adopting the Payabl PrestaShop payment integration, online merchants can enhance customer experience and scale their ecommerce operations efficiently. Combining advanced payment technology with built-in fraud prevention and a high-touch service model, payabl. empowers businesses to grow faster with secure, scalable, and innovative payments.
Finextra
05-06-2025
- Business
- Finextra
Bolt and Palantir usher in new era of intelligent e-commerce at the checkout
Bolt, a leading checkout technology company, and Palantir Technologies Inc., a leading provider of AI software, today announced a strategic partnership to usher in a new era of intelligent ecommerce checkout—one that's personalized, dynamic and deeply informed by data. 0 Checkout 2.0, a self-learning, self-improving checkout, replaces today's static, form-based flows with an adaptive, real-time system that responds to each shopper's unique preferences, behaviors and context. Rather than displaying the same interface to every shopper, Checkout 2.0 delivers personalized flows that evolve with the user—prioritizing preferred payment methods, remembering prior selections and surfacing relevant information at just the right time. "Operational integration of Bolt and Palantir reduces friction for shoppers and complexity for merchants while providing a foundation to accelerate retail into the age of AI," said Ted Mabrey, Palantir's Global Head of Commercial. "This partnership brings together the scale and shopper intelligence of Bolt's platform with Palantir's proven decisioning systems to deliver superior outcomes across every transaction. Checkout 2.0 represents the best of both worlds—and the future of commerce personalization." Bolt will leverage Palantir's platform to help scale Checkout 2.0 across enterprise retailers and expand it within Bolt's recently launched SuperApp—an all-in-one finance and crypto hub that delivers real-time shopper signals. As both platforms evolve, Checkout 2.0 will bring deeper personalization and intelligence to every phase of the buying journey. "Our partnership with Palantir addresses one of the biggest challenges in modern commerce: turning mountains of shopper data into real-time, actionable intelligence," said Ryan Breslow, Founder & CEO of Bolt. "Together, we're tackling outdated, one-size-fits-all checkout experiences and replacing them with a smarter, more adaptive flow that actually responds to individual preferences and behavior. Merchants gain powerful optimization tools to improve conversion and payment efficiency, while shoppers benefit from a faster, more personalized journey. This is not just an upgrade—it's a reimagining of what online checkout can be." Over the last decade, Bolt has accumulated a wealth of intelligence regarding shopper behavior and preferences from its Universal Shopper Network of more than 80 million U.S. shoppers. Through this partnership, Bolt will integrate Palantir's advanced decisioning engine to dynamically adapt checkout flows and enable smarter, contextually aware logic. For example, a shopper who frequently buys beauty products on their mobile device and prefers Apple Pay will see a checkout flow that automatically prioritizes Apple Pay, highlights relevant upsells and surfaces loyalty features—without requiring them to re-enter information or navigate away. These adaptive experiences are designed to eliminate friction and boost conversion. Merchants will also benefit from intelligent post-checkout payment routing. Checkout 2.0 will evaluate transaction attributes—such as volume, category or geography—and select the optimal payment gateway to maximize authorization rates and reduce processing costs. This behind-the-scenes intelligence delivers better margins and a smoother experience. Checkout 2.0's architecture includes: Self-learning shopper profiles that adapt over time based on usage, behavior and purchase history. Dynamic payment method reordering based on shopper preferences and device. Post-checkout routing optimization to improve processing economics in real time. Native crypto payment support, reinforcing Bolt's commitment to flexibility and future-facing payment infrastructure.
