North America Online Payment Methods: Full Year 2016

LONDON, April 4, 2017 /PRNewswire/ — Online shoppers in North America prefer to pay with plastic cards, per new publication

The well-known credit card companies, American Express, MasterCard and Visa far outpace other payment methods such as online debits and E-Wallets in North American E-Commerce, according to sources cited in the report. Considering the two countries together, more than two-thirds of online consumers prefer credit cards over other payment methods.

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One payment method that is expected to see considerable future growth in the region is mobile payment. Currently accounting for only a small percentage of retail purchases, surveys mentioned in the publication indicate that shoppers are warming to the concept of mobile payments linked to the major credit cards.

A major concern for consumers is the security of their payments, whether by credit card or one of the innovative methods. One half of U.S. respondents to a recent survey cited in the new report indicated a wariness regarding credit card or other online payment when shopping online. Merchants and credit card companies are searching for a solution to the growing incidence of fraud in online retail, including biometrics such as fingerprint scanners… read more

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