Agile Payment Strategies to AccelerateE-commerce Growth                                An Enterprise Web Solutions Company
Agenda     Introduction to E-payment     Why E-Payment Methods     Various E-Payment Methods     Strategies     Trend...
Introduction          Presence of digital goods has given rise to commerce applications,           encouraging deployment...
Why E-Payment Methods?     Enable sellers to accept electronic payments     Ensure privacy of customers     Connect mer...
Online Payment ProcessNVISH SOLUTIONS INC. © 2011 All rights reserved   Website: www.nvish.com │ E-Mail: info@nvish.com   ...
Better Experience For Customers  Customers can:   Get better knowledge about products before actual trade   Easily explo...
Traditional Payment Methods            Personal Checks                                                               Draft...
Online Payment GatewaysE-payment systems have become familiar among consumers as technology and securityhas progressed thr...
Various E-Payment Methods                                                                 Online payments allow transactio...
Payment Related Terms                                                  • Detection, prevention, and management        Frau...
Strategies For International Commerce Channels                                                  Diverse Payment           ...
Trends                         Number of respondents       80%       70%         67%                                      ...
Trends     How can the retailers enhance shopping experience of their international     customers?                  Paymen...
NVISH USA OFFICE                    NVISH UK OFFICE                         NVISH INDIA OFFICE5201, Great America         ...
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Agile payment strategies to accelerate e commerce

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Agile payment strategies to accelerate e commerce

  1. 1. Agile Payment Strategies to AccelerateE-commerce Growth An Enterprise Web Solutions Company
  2. 2. Agenda  Introduction to E-payment  Why E-Payment Methods  Various E-Payment Methods  Strategies  TrendsNVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 2
  3. 3. Introduction  Presence of digital goods has given rise to commerce applications, encouraging deployment of electronic payment systems  Payment system provides a channel to transfer value between different parties  Many variants like smart cards, credit cards, etc. have been introduced, which has facilitated use of online payment systemsPrincipal steps of Online Payment Processing: • Authorization • SettlementNVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 3
  4. 4. Why E-Payment Methods?  Enable sellers to accept electronic payments  Ensure privacy of customers  Connect merchants, customers, and banks through secure online transactions  Integrate with existing and evolving systems  Make payment process simple and fast  Help in instant purchasingNVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 4
  5. 5. Online Payment ProcessNVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 5
  6. 6. Better Experience For Customers Customers can:  Get better knowledge about products before actual trade  Easily explore products and services for better prices  Receive better customer service after purchase  Enjoy an interactive buying experienceNVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 6
  7. 7. Traditional Payment Methods Personal Checks Drafts Traditional Payment Methods Money Orders CashNVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 7
  8. 8. Online Payment GatewaysE-payment systems have become familiar among consumers as technology and securityhas progressed through time, enabling them to purchase products or services online.NVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 8
  9. 9. Various E-Payment Methods Online payments allow transactions to be completed more rapidly as compared to traditional ones. Such payments allow purchase and payment of products or services Credit/Debit Digital anytime, anywhere. Card Currency E-Wallets Smart CardNVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 9
  10. 10. Payment Related Terms • Detection, prevention, and management Fraud Management of fraudulent activities Payment Options • Options for making a payment • Consolidated and harmonized set of Regulatory compliance controls for smooth online Compliance payment transactions Local Currency • Availability to choose currency for Pricing payment of products and servicesNVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 10
  11. 11. Strategies For International Commerce Channels Diverse Payment Options Fraud Business Management & Analytics Insights Handling StrategiesNVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 11
  12. 12. Trends Number of respondents 80% 70% 67% Retailers are migrating 60% toward hosted payment 50% pages that will help 40% them avoid handling 30% 20% 19.3% identifiable consumer 10% 6.40% 5.50% information. 0.90% 0.90% 0% Fraud Rate Survey on online sales fraud - An Internet Retailer survey shows a drop in online frauds for 13% of web merchants. Source: Internet RetailerNVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 12
  13. 13. Trends How can the retailers enhance shopping experience of their international customers? Payment type preferences Language translation Ability of the customer to see the final cost in local currency Legal and regulatory concerns Fraud management Customer service and returns 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% Respondents were asked to select major challenges in selling online overseas, and 41% chose customer service and returns. Source: Internet RetailerNVISH SOLUTIONS INC. © 2011 All rights reserved Website: www.nvish.com │ E-Mail: info@nvish.com Slide 13
  14. 14. NVISH USA OFFICE NVISH UK OFFICE NVISH INDIA OFFICE5201, Great America 81 Oxford St. London DLF Info CityPkwy, Suite 320 W1D2EU, First Floor, Tower ESanta Clara, CA 95054 United Kingdom Chandigarh Technology Park,Phone : (+1)-408-730-2615 Phone : (+44)-207-993-4843 Chandigarh 160101 Phone: (+91)-172-433-7713 Website: www.nvish.com │ E-Mail: info@nvish.com │ Fax : (+1)-866-583-9527
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