User checkout behavior on e-commerce sites

This week we’d like to share an insightful article we found on user checkout behavior. To succeed, online merchants should take notice of the following issues: 1. Site speed. Customers don’t like to wait, so if the site does not load within seconds, they will abandon the site (and possibly never return). 2. Visual design.(…)

E-Cigarette Facts And Global Stats

What is an E-Cigarette? Electronic cigarettes are smoking devices that have been commercially available since 2004. The idea is to simulate the sensation of smoking while providing an alternative nicotine supply, without the user inhaling the tars. They come in many shapes and sizes, but their purpose is the same; to mimic other smoking instruments(…)

Global Casino And Online Gaming Stats

Nowadays, people prefer to place bets on major sporting events like the World Cup through their cell phones. Most mobile gambling companies will accept major currencies like the US Dollar and Euros through credit cards. Mobile Gambling statistics: 1. The total amount wagered on mobile casinos is expected to surpass $48 billion in 2015. 2.(…)

3D Secure Payment Verification

3-D Secure is an XML-based protocol that enhances protection for Internet credit card payments. It was first developed by Visa, followed by MasterCard, JCB International and American Express. 3-D Secure Payment Process 1. Users place orders at merchant sites. 2. Payment provider requests users to enter credit card details. 3. The card’s issuing bank secure(…)

How To Minimize Fraud and Chargeback

First, lets go through the flow of a success transaction. 1. Customer places an order in an online store 2. Supplier checks the inventory and contacts the shipping company to proceed with delivery 3. Customer receives the goods Along the process, there is the possibility of human error. 1. Product details or customer address is(…)

What is Forex?

Forex is an abbreviation of Foreign Exchange, which is a global decentralized market for buyers and sellers to trade currency at agreed prices. Currencies are always traded in pairs, base currency and quote currency. To buy one currency, you must sell the other or vice versa. The core traders are banks, corporations, governments and speculators.(…)

The Evolution Of Transactions

The history of credit cards is closely related to the evolution of transactions. From basic bartering to the modern e-payments we know today, technology advancements have made trading and the payment process easier. Prehistoric age – No business transactions, everything was shared for survival. Bartering – The earliest trading system, it requires the mutual agreement(…)

Buying From Online Pharmacies

Buying pharmaceuticals online is relatively risky for a number of reasons. Besides your personal health, your personal financial information must also be protected. Unspecified ingredients The drugs or medication may contain too much or too little in dosage, or it may contain dangerous ingredients that have not been approved by the authorities. Even slight variations(…)

History Of Credit Cards

1887 – Edward Bellamy invents the concept of making a purchase using a card, in his utopian novel Looking Backward. 1920 – Oil companies issue their own proprietary cards, and individual companies offer credit to their customers whom they would bill later. 1949 – McNamara started The Dinner Club (charge / debit card), for payment(…)

Is mobile banking safer than PC banking?

With more than 1 billion active smartphones globally, the ubiquity of mobile devices is empowering user communication, social activity and business trading. Younger demographics spend more time on mobile devices, and it is expected that 1 in 3 mobile users will use online banking. Some users avoid using mobile banking because they do not trust(…)

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