O11 | Bm2Pay https://www.bm2pay.com Unlimited Payments Solutions Mon, 07 Oct 2019 05:59:01 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.4 https://www.bm2pay.com/wp-content/uploads/2024/11/cropped-bm2pay-1-32x32.jpeg O11 | Bm2Pay https://www.bm2pay.com 32 32 OPEN BANKING https://www.bm2pay.com/2019/04/11/open-banking/ https://www.bm2pay.com/2019/04/11/open-banking/#respond Thu, 11 Apr 2019 08:26:00 +0000 https://www.bm2pay.com/?p=3024 Open banking is a reform obligating banks to permit customers to share their transaction data with third parties through application programming interfaces (APIs). Last year, the EU enacted the PSD2 regulation requiring banks in the European Union to comply with the open banking reform. Other countries, such as the UK and Australia, are already involved in advanced preparations for open banking. Open banking is expected to open up financial services to third party providers, thereby lowering fees and expanding offerings for customers. Traditional banks will have to adopt new technologies and be increasingly innovative to remain competitive.   READ MORE: HOW OPEN BANKING IS KICKING OFF NEW FINTECH INITIATIVES Image courtesy of rawpixel.com

The post OPEN BANKING first appeared on Bm2Pay.]]> Open banking is a reform obligating banks to permit customers to share their transaction data with third parties through application programming interfaces (APIs). Last year, the EU enacted the PSD2 regulation requiring banks in the European Union to comply with the open banking reform. Other countries, such as the UK and Australia, are already involved in advanced preparations for open banking.

Open banking is expected to open up financial services to third party providers, thereby lowering fees and expanding offerings for customers. Traditional banks will have to adopt new technologies and be increasingly innovative to remain competitive.

 

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HOW OPEN BANKING IS KICKING OFF NEW FINTECH INITIATIVES

Image courtesy of rawpixel.com
The post OPEN BANKING first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/04/11/open-banking/feed/ 0 ONLINE PAYMENT METHOD https://www.bm2pay.com/2019/02/26/online-payment-method/ https://www.bm2pay.com/2019/02/26/online-payment-method/#respond Tue, 26 Feb 2019 19:35:09 +0000 https://www.bm2pay.com/?p=2491 An online payment method refers to the way that a buyer pays for services or products on a website or mobile app. Typical online payment methods used today include credit and debit cards, online payment services such as PayPal, alternative payment methods, and various e-wallets. Due to the fact that many e-commerce retailers operate cross-border websites at various global markets, special attention must be paid to the offered payment methods. A new customer in a foreign country will complete a purchase on your website only if they feel comfortable about the payment methods being offered on the transaction page. Before reaching out to foreign markets, study the online payment methods that are most popular in each region and offer them as payment options. By offering familiar payment methods, you are preventing shopping cart abandonment and generating customer loyalty. READ MORE: A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION A MERCHANT’S GUIDE TO INTERNATIONAL PAYMENTS OMNICHANNEL CHALLENGES FOR MERCHANTS

The post ONLINE PAYMENT METHOD first appeared on Bm2Pay.]]> An online payment method refers to the way that a buyer pays for services or products on a website or mobile app. Typical online payment methods used today include credit and debit cards, online payment services such as PayPal, alternative payment methods, and various e-wallets.

Due to the fact that many e-commerce retailers operate cross-border websites at various global markets, special attention must be paid to the offered payment methods. A new customer in a foreign country will complete a purchase on your website only if they feel comfortable about the payment methods being offered on the transaction page. Before reaching out to foreign markets, study the online payment methods that are most popular in each region and offer them as payment options. By offering familiar payment methods, you are preventing shopping cart abandonment and generating customer loyalty.

READ MORE:

A MERCHANT’S GUIDE TO PAYMENT OPTIMIZATION

A MERCHANT’S GUIDE TO INTERNATIONAL PAYMENTS

OMNICHANNEL CHALLENGES FOR MERCHANTS

The post ONLINE PAYMENT METHOD first appeared on Bm2Pay.]]> https://www.bm2pay.com/2019/02/26/online-payment-method/feed/ 0 OMNICHANNEL RETAIL https://www.bm2pay.com/2019/02/26/omnichannel-retail/ https://www.bm2pay.com/2019/02/26/omnichannel-retail/#respond Tue, 26 Feb 2019 19:30:38 +0000 https://www.bm2pay.com/?p=2487 Omnichannel retail refers to the use of a variety of sales channels in a customer’s shopping experience. This multi-channel may include physical stores, online stores, mobile apps, telephone sales and any other method of engaging with a buyer. Customers’ omnichannel experiences may vary: For example, sometimes the consumer will compare prices on a mobile phone or via social media and complete the purchase in-store, or they might choose to visit the physical store before buying the item online or in-app. Using analytics, you can identify the best ways to engage your customers personally and generate interaction on their favorite channels. It is crucial to convey a consistent brand message across channels and devices so that the consumer feels comfortable wherever they encounter your products.   READ MORE: OMNICHANNEL CHALLENGES FOR MERCHANTS

The post OMNICHANNEL RETAIL first appeared on Bm2Pay.]]> Omnichannel retail refers to the use of a variety of sales channels in a customer’s shopping experience. This multi-channel may include physical stores, online stores, mobile apps, telephone sales and any other method of engaging with a buyer.

Customers’ omnichannel experiences may vary: For example, sometimes the consumer will compare prices on a mobile phone or via social media and complete the purchase in-store, or they might choose to visit the physical store before buying the item online or in-app.

Using analytics, you can identify the best ways to engage your customers personally and generate interaction on their favorite channels. It is crucial to convey a consistent brand message across channels and devices so that the consumer feels comfortable wherever they encounter your products.  

READ MORE:

OMNICHANNEL CHALLENGES FOR MERCHANTS

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