Half of financial institutions choose client compensation over web fraud protection

Tuesday, 15th July 2014

52% of financial companies reimburse customer losses caused by internet fraud, without actually investigating the circumstances.

"Almost one third of companies believe the costs incurred by cyber threats are less than the cost of protection."

"This results in many organizations that work with online payments being prepared to accept the additional costs that arise from cyber-attacks. Findings reveal that 28% of the representatives from financial companies and 32% of the online store employees that answered the survey believe that the total losses from online crime do not exceed the costs of deploying security solutions. Only 19% of financial companies and 7% of online marketplaces disagree, stating that the cost of reimbursing customer losses is one of the most serious consequences of cyber-fraud."

"57% of users pay little to no attention to the security of their online payments, believing that all the necessary measures are taken by their bank."

More info here.

Wates Construction Ltd pledge support to BCF

Tuesday, 15th July 2014

Bridge Community Farms has received a £15k donation from Wates Construction Ltd, one of the largest building and construction companies in the UK. Wates has also pledged a further £10k in early 2015, which will be used to cover some of the salary costs for the new Farm Manager at BCF. 

Francis Ball, director at Bridge Community Farms, said: “We are hugely grateful to Wates Construction Ltd for this kind donation. Bridge Community Farms relies on the support of local businesses and individuals and these donations will help us fulfil our goal of changing lives for the better in Cheshire.”

Poland users access m-banking services weekly - report

Monday, 14th July 2014

Nearly half of adult internet users in Poland said they banked on a mobile device.

"According to results from March 2014, this was the third-highest percentage out of the countries studied, trailing only Turkey (56%) and the Netherlands (50%) and tying with Spain (48%)."

"April 2014 study found that users in Poland were accessing mobile banking frequently: 82.7% of tablet owners reported banking via such a device at least once per week, and 84.4% of smartphone users said the same."

"Around half of those groups used a mobile device several times per week to conduct banking—the most popular frequency. Still, nearly one-quarter of respondents reported banking on a smartphone every day—the second-highest frequency for that device."

More info here.

Spain: 2 in 10 SMEs implement ecommerce infrastructure

Monday, 14th July 2014

The Spanish SMEs are not eager to adopt ecommerce platforms, since 2 in 10 companies have a website via which they sell their products or services online.

"9 in 10 SMEs have an online presence through corporate websites, whereas 95% of them admit the importance of being found on search engines and 80% are aware of the importance of having a profile on social networks."

"1 in 3 business players have no strategy or any SEO-based knowledge."

More info here.

Mobile E-Commerce Hits All-Time High

Saturday, 12th July 2014

According to the new Custora report, mobile e-commerce hits all time high.

1. US mobile e-commerce is a $40 billion market, poised to hit $50 billion in sales in 2014.

"In the past four years, the mobile e-commerce market grew 19-fold: From $2.2 billion in 2010 to $42.8 billion in 2013. This represents 1875% growth over these four years, and 111% 4-year CAGR (Compound Annual Growth Rate)."

us-e-commerce-revenue

Source Custora.


2. More than a third of visits to online stores now come from mobile devices (phones and tablets). 

"By the end of Q1 2014, 36.9% of visits to online stores came from mobile devices. That’s up from 3.4% at the beginning of 2010."

mobile-e-commerce-visits-over-time

Source Custora.

3. Apple dominates e-commerce. For now.

mobile-device-orders-over-time

Source Custora.

4. Email Marketing drives mobile purchases – social media doesn’t.

"Customers responding to email marketing and shoppers going directly to e-commerce sites (including app traffic) accounted for the highest share of purchases on phones. Email marketing generated 26.7% of sales on mobile phones, compared to only 20.9% on desktop, and 23.1% on tablet. Social media accounted for only 0.6% of sales on phones and 0.2% on tablets."

mobile-device-orders-over-time

Source Custora.

More info here.

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