MRC Unveils Results of the 2016 Global Payments Survey

MRC Unveils Results of the 2016 Global Payments Survey
27.05.2016 07:30 am

MRC Unveils Results of the 2016 Global Payments Survey

Payments

Merchant Risk Council (MRC), a leading global trade association for eCommerce fraud and payments professionals, released comprehensive results of the 2016 Global Payments Survey at their European Congress in Seville, Spain.

The 2016 Global Payments Survey was conducted in partnership with CyberSource, a payment management company with over 400,000 businesses worldwide using their solutions. This report draws conclusions from a survey involving MRC and non-MRC merchants in North America, Europe and Asia Pacific countries who were asked about their payments experience and management practices.

The results of this survey show that MRC merchant members support twice as many payment types (14 average) as non-MRC merchants (7 average). 

More Key Survey Findings:

  • 3D Secure is not widely used due to friction concerns. Only 14% of Canadian merchants, 18% of US merchants, 40% of UK merchants, 45% of French merchants and 46% of German merchants are utilizing 3D Secure.
  • Checkout conversion rates for all payment methods consistently averaged 65%.
  • The top eCommerce markets rank similar to last year with China, Japan, Russia and Mexico joining the top 12 global markets.
  • Top payment priorities for MRC merchants are: fraud, IT constraints, system changes and integration, cost of payment and checkout conversion rate.
  • MRC members are more likely to be focused on order conversion and payment success.
     

MRC's 2016 Global Payments Survey offers members the ability to analyze systems, policies and results against merchants in different regions and markets, providing a more robust set of comparison points to help better measure and optimize their business.

The 2016 Global Payments Survey is only available to MRC members. Members can download the surveyhere. For information on membership please visit the MRC.

Related News

Major Eurozone banks start the implementation phase of a new unified payment scheme and solution, the European Payments Initiative (EPI)

A group of 16 major European banks from five countries (Belgium, France, Germany, the Netherlands and Spain) paved the way for the future launch of the European Payments... Read more »

BNY Mellon To Deliver Real-Time Account Validation Services to Corporate and Bank Clients

BNY Mellon today announced a strategic collaboration with risk and payments solution provider Early Warning Services, LLC (EWS). Through this... Read more »

PPRO adds European Paysafecash to its robust local payment method platform

Today, PPRO, the leading local payments platform-as-a-service, announces that it has released a direct integration with Paysafecash, in a move that signifies the brand’s... Read more »

Paycircle and PayDashboard partner to fully digitise payroll and payday experience

Cloud-based payroll provider, Paycircle, and interactive payslip platform... Read more »

SumUp ramps up support for local businesses via Gift Card partnership with Google My Business

UK-based payments service provider SumUp (www.sumup.co.uk), today announces a  partnership with Google - which will... Read more »

Royal Bank launches ‘Tyl’ to help Scottish business build for the future

Royal Bank of Scotland has announced the launch of a new, innovative payments service in Scotland. ‘Tyl’ is designed to make it easier for... Read more »

Magazine
ALL
Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel