Ecommerce Shopping Security Rules

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Retailers and payment processors including Amazon, Worldpay and Stripe are warning that billions of dollars of online purchases are at risk because of a lack of industry preparedness for new EU-wide security regulations. New rules requiring an extra level of verification for most online payments above €30, known as Strong Customer Authentication, are set to come into force in September.  

Part of the Second Payment Services Directive (PSD2), the rules were designed to reduce fraud but require substantial changes to processes and technology at retailers, banks and payment groups, as well as co-operation from tens of millions of consumers who remain largely unaware of the imminent changes. 

On the other hand, security related concern may likely to hinder the climb of online payment gateway market in coming years. In online payment method the enterprise and customers need to share their banking and cards details to the online payment companies to proceed for the transaction. While sharing the detail bank information is likely to lead security related issues. For instance, the mass cyber security theft happened in the central bank of Bangladesh. These are few key factors negatively impacting growth of the global online payment gateway market in coming years.

The report provides comprehensive analysis about the key players operating in the global online payment gateway market. Along with that the segmental and regional analysis of this market is also included in the research report. The report also offers changing competitive landscape of the global online payment gateway market.

The report also presents information about the key players operating in the global online payment gateway market. Some of the key players operating in the global online payment gateway market are eWAY AU, PesoPay, PayPal, Amazon Payment and Wirecard. The report presents insights about the major threats and opportunities witnessed by the global online payment gateway market.