Preventing fraud in the Online Gambling industry
Fraud poses an escalating danger to companies in the iGaming and online gambling. On a global scale, digital fraud rates surged by a staggering 68.6% in iGaming. Given the high transaction volumes during major sporting events, ever-evolving regulatory landscapes, and the complex challenges associated with breaking into new markets, iGaming operators find themselves in dire […]
Overcoming Checkout Abandonment During Black Friday & Cyber Monday
As online retailers brace for the Black Friday and Cyber Monday sales peak, addressing checkout abandonment becomes paramount. High cart abandonment rates can overshadow the potential surge in holiday sales, with Baymard Institute highlighting a staggering 70% average abandonment. Often, this is due to the absence of preferred payment methods, causing significant revenue loss.This phenomenon, […]
FERO raises $3M Seed Round to Pioneer Online Payment Solutions
Amsterdam – 2 November 2023 – FERO is delighted to announce the successful closure of a $3 million seed round from Coatue, Volta Ventures, and Antler. This capital will enable FERO to expand and enhance its unique online payment solution to tackle the $5T of annual revenue merchants lose at the point of checkout. After […]
Discovering FedNow Real-Time Payment Service Impact
As of July 20th, 2023, the Federal Reserve proudly launched FedNow, a real-time payment service that promises to revolutionise the financial landscape for banks, credit unions, online merchants, and other financial entities seeking instant, 24/7/365 payment accessibility. Now that FedNow is live, we’re eager to examine its reception and early impact by addressing some critical […]
Types of Online Gambling Fraud
Engaging in online gambling comes with inherent risks, as players entrust their fate to chance and fair gameplay. However, fraudsters disrupt this delicate balance by exploiting vulnerabilities in online gambling platforms, cheating, hacking, and stealing from both the house and other players. The impact of fraud on the world of online gambling is significant, tarnishing […]
The Potential of Online CBD Sales
In recent years, CBD has emerged as a powerful force in the health and wellness industry, captivating consumers with its potential therapeutic benefits. Simultaneously, the world has witnessed a rapid shift towards online shopping and digital transactions, transforming the way people make purchases, with a notable impact on the burgeoning CBD sales. However, the dynamic […]
Digital Payments – What can the US learn from India
The Rise of Digital Payments in India India is making waves in the world of digital payments! With annual growth rates of 50% over the past five years, the country has established itself as a leader in digital payment adoption. This is all thanks to the Unified Payments Interface (UPI) system, a unique real-time system […]
Customer Acquisition vs. Customer Retention
The battle between customer acquisition and customer retention is a common conundrum for many growing companies. While it’s important to attract new customers, retaining existing ones is equally crucial for sustainable growth. In fact, studies have shown that it can cost four to five times more to acquire new customers than to retain current ones. […]
The Paradox of Choice in Online Gaming
The paradox of choice is a well-known psychological phenomenon whereby having too many options can lead to decision paralysis, anxiety, and even dissatisfaction with the chosen option. The Jam Study is a renowned experiment in consumer psychology that has been extensively cited. It discovered that displaying too many options can lead to diminishing returns. Specifically, […]
