If you order online, you rarely pay cash. This is why we deal with new payment possibilities. There is a large palatte: PayPal, credit card, or payment via smartphone – new variations for getting money to a trader keep coming up. Especially mobile payment is the future of the payment sector. Just hold your smartphone up to a scanner and you’ve already paid. Big players are also following this trend: with the Apple Pay and Google Wallet, there are payment solutions from both giants.
It does not happen all that often these days that the doorbell rings. No one comes around spontaneously anymore, and anyone doing so would make himself liable to prosecution – or at least look suspicious: the coronavirus (COVID-19) has a tight grip on the world. Habits are changing: we buy more toilet paper and less … Continue reading "E-Food in Times of Corona: The bofrost* Online Shop Is Booming [Success Story]"
The piggy bank of children in Denmark looks weird: it is black, not pink. It is made out of plastics and metals, not porcelain. It is rectangular, not round and no coins disappear in the slot. Instead, the charger docks – if the charging process is not wireless anyway. This is because the average Danish … Continue reading "Payments in 2020 – ECC Study Confirms Online and Offline Trends [5 Reading Tips]"
Europe. Users, retailers, service providers, and politicians are looking at the continent. Not just because of the EU elections last week, but also because of Europe’s role in promoting a smart, secure, and unified digital economy through measures in various key areas such as artificial intelligence, privacy, and security in e-commerce. The GDPR had its … Continue reading "Online retail payments: This is what PSD2 will change in the future [5 reading tips]"
Digitisation is changing even most mundane things, like paying for things. Cash is almost a relic, while digital payments are multiplying and spreading. At the top is PayPal. Ever since the launch of Google Pay and Apple Pay in Germany, the enthusiasm for mobile payments is continuing to increase as the smartphone becomes the wallet … Continue reading "Online payment methods – Trends and challenges [5 reading tips]"
From cash to mobile payments. From password to fingerprint. The online payment sector is evolving rapidly to meet the steady pace of technological development and recent legislative changes within the EU. At the heart of these innovations are biometric payment procedures designed to ensure better security standards and a better user experience. Why biometric payment … Continue reading "Paying with your own body – Biometric solutions are trendy [5 reading tips]"
Contactless payment with a smartphone, without use monetary notes, coins, or cards are the way of the future. But this isn’t anything new for many countries already. Forms of mobile payment have long been established and analogue forms of payment money a distant past. Compared to China or the USA, Germany is so old-fashioned in … Continue reading "Mobile payment comes to Germany: The beginning of the end of cash? [5 Reading Tips]"
Online retail is continuing to grow in Germany. This increase can be felt in two main directions – on the one hand, the digitisation of stationary retailers and the considerable dominance of Amazon, on the other hand in the proliferation of smartphones in all day-to-day operations. This tendency covers the main points of the current … Continue reading "Stationary retail finally keeps up with e-commerce [5 reading tips]"
The term Blockchain is on everyone’s minds this year and is being thought of as revolutionary. It’s clear that the technology has great potential, but so far the topic is surrounded by unrealistic promises, many speculations, and content that’s on shaky ground. Today we would like to refer to the latest innovation from the experimental … Continue reading "Customer loyalty and Blockchain: Björk’s latest experiment [5 reading tips]"