San Francisco, CA, March 5, 2014: The e-commerce market is evolving at a spectacular rate, and never before has it been more competitive. In 2013, consumers spent a total of $351.9 billion online. Today, Javelin Strategy & Research released Online Retail Payments Forecast 2013-2018 report which evaluates forecast changes in the e-commerce market, tracks the payments mix, and identifies key drivers of market change. Additionally, the report evaluates online share and transaction growth of credit cards, debit cards, online alternative payments like PayPal and Amazon Payments, online credit services like Bill Me Later, prepaid cards, and gift cards.
Do not be deceived by the use of "alternative" in online alternative payments, as these payment options have clearly become mainstream for online retail payments. Over 80% of online shoppers...
San Francisco, CA, February 20, 2014: E-commerce transactions constitute a growing share of the overall retail market. Merchants and payments processors alike are expanding their platform solutions for card-not-present (CNP) payment acceptance and processing. Today, Javelin Strategy & Research released E-Commerce Platform Review - Fueling Online Shopping for Tomorrow which compares the capabilities of seven leading e-commerce platform providers.
Consumers are relying on e-commerce platforms as reliable shopping venues with 9 out of 10 consumers having made an online purchase just last year. There are fewer consumers that have not had an online shopping experience, with 7% have never shopped online, compared to 22% just four years ago in 2009. Today's consumers are more sophisticated online and vendor solutions need to continue to evolve. Javelin's study evaluates e-commerce processors' platforms in five categories: core back-end processing functions, domestic payments, international payment processing, fraud and security features, and mobile capabilities.
San Francisco, CA, February 12, 2014: 2013 marked an important mobile payment's "first," with tablet payments comprising almost half of all mobile commerce. Today, Javelin Strategy & Research released Mobile Payments Market: Tablet Payments Surge as Overall Mobile Retail Sales Top $60 Billion, an in-depth study of the mobile shopping market, including market sizing of online, app and proximity payments by device type and a five-year forecast of mobile proximity payments and strategies for merchants, vendors, and mobile payment and wallet platforms to expand in this market.
In 2013, tablets accounted for a massive $28.7 billion in mobile online commerce, or over 50% of the entire mobile online payments space. That is quintuple 2012's $5.1 billion. The portion of commerce generated through tablets is fueled by rising device ownership, as mobile consumers ownership of the device doubled since 2012. As tablet ownership rates continue to...