3 ways to lower customer checkout friction with 3DS2
In recent years, we have seen a boost for digital business transformation accelerated by the pandemic, with great benefits for online commerce. In 2022 only, eCommerce is predicted to grow to a $5.55 trillion market, becoming more relevant than ever. Meanwhile, merchants are faced with a frightening reality - an increase in fraud and cart abandonment. [...]
How to get safer credit card payments with 3DS2
It’s hard to believe that credit cards have been around for 100 years. And now, more than ever, the economy heavily relies on credit, which has proven to be a flexible way of borrowing money for businesses and customers. We know that beyond offering cash flexibility, credit card data also shows how people manage their cards, including when they’re [...]
Revolutionising European eCommerce with 3DS 2.0
During the Coronavirus pandemic, the European eCommerce market experienced a well-expected boost across the continent. It is no surprise that both online shopping as well as cashless electronic payments are booming due to their convenience, driving society’s digital transformation and Europe’s economic growth. Ecommerce Europe estimates that in 2021, eCommerce in the European Union grew by 13% to €718bn [...]
Strong Customer Authentication is here – are you prepared?
The European payments directive that requires Strong Customer Authentication (SCA) on transactions originating in the EEA has finally become law in the UK. SCA is a modern way to provide customers with a frictionless payments experience across all technological devices. To be compliant, payment organisations must rely on robust mechanisms included in their payment processes which will vet transactions [...]
Why You Should Be Upgrading to EMV 3DS2
This month we wanted to talk about EMV 3-D Secure (EMV 3DS), a protocol that uses modern authentication technology to reduce your business's exposure to fraud and chargebacks, and how to ensure your account is enabled. This information is to ensure you benefit from the advantages EMV 3DS has to offer and remain compliant with new regulations that are [...]
What’s shaping the future of iGaming payments security?
The iGaming industry has come a long way since its humble beginnings in the 90s. Today, it's one of the fastest-growing industries on the planet, with annual revenue of $66.7 billion in 2020, according to Statista. In the UK, online gaming rose to £5.7 billion according to data from 2020. It is now on par with the film and music [...]
Trust Payments partners with Wakanda Messenger to empower Africans around the world
Trust Payments, the global unified payments group for global pay-in, pay-out and customer journey technologies, has partnered with social network, messaging and e-commerce startup Wakanda Messenger to provide the payments element for their online marketplace and money remittance service. Wakanda Messenger, developed by Kemit Kingdom, will be widely available on iPhone and Android from 15 October 2020. It has already [...]
Payment Gateway product enhancements in August
We have made a number of product enhancements to our payment gateway this month; the two most relevant to update our customers on are improvements to our pay by link product; and a new JavaScript block on payment pages. New default options when sending payment links to customers In response to customer feedback, we have made some changes to MyST to improve the pay by link (ST PayMe) feature. Previously you would have needed [...]
Upgrade to 3-D Secure 2 coming soon for all merchants
If you operate in Europe and accept online card payments, you will soon need to implement 3-D Secure 2. This is in line with the PDS2 mandate for strong customer authentication. Over the coming months, we will be supporting you to comply with the mandate by rolling out an upgrade. The benefit of the upgrade extends beyond compliance. The older [...]
