Digital River, Inc. (NASDAQ: DRIV),
a leading provider of global e-commerce solutions, announced the
publication of the 4th Annual Online Retail
Payments Forecast, 2011-2016, the latest research report from
Javelin Strategy & Research. The report provides a forecast of U.S.
e-commerce market growth and analyzes the increase of traditional and
alternative online payment options. Sponsored by Digital River, the
report is available at www.digitalriverpayments.com,
the website featuring the Digital River® World Payments™
solution, or at www.javelinstrategy.com.
The report identifies three key drivers that merchants can consider when
determining the appropriate online payment option mix. The drivers
include:
-
Regulatory changes, such as recently implemented caps on debit
interchange fees fostered by the so-called "Durbin Amendment;”
-
Consumer attitudes about payments security, which can affect purchase
behavior; and
-
The influence of social networks, online gaming and mobile channels.
"Merchants who wish to increase consumers’ conversion should consider
promoting the additional security benefits supported by alternative
online payments to help assuage consumers’ e-commerce fears,” said Beth
Robertson, CCM, director of payments research at Javelin Strategy &
Research. "This will become especially important due to the rising
popularity of virtual e-commerce channels, including commerce conducted
on social networks, within games and with virtual currencies.”
"Global merchants can use this data from the U.S. market to identify
opportunities to improve their international payment programs,” said
Souheil Badran, senior vice president and general manager of Digital
River World Payments. "Security concerns, for example, are not exclusive
to online shoppers in the U.S. They can affect the payment option
preferences of consumers in emerging markets, like Russia and China, as
well. We have seen merchants increase their conversion rates in global
markets significantly by adding alternative payment options that are
aligned with regional preferences.”
Digital River World Payments offers relevant payment options in more
than 190 countries and over 170 transaction and display currencies. The
solution features a wide range of customizable services for managing the
complete payment lifecycle. These services, which work through a single
payments connection, include checkout page optimization, real-time fraud
detection, solutions to manage PCI exposure and currency risk, as well
as advanced back-office reconciliation services and business
intelligence tools. To learn more about Digital River World Payments,
visit www.digitalriverpayments.com
and Twitter.
About Javelin Strategy & Research
Javelin Strategy &
Research is the leading provider of quantitative and qualitative
research focused on the global financial services industry. The
company’s extensive quantitative data and deep analyst experience enable
them to forecast the direction of the financial services market and make
recommendations that empower businesses to succeed. To learn more, visit www.javelinstrategy.com.
About Digital River, Inc.
Digital River, Inc., a leading
provider of global e-commerce solutions, builds and manages online
businesses for software and game publishers, consumer electronics
manufacturers, distributors, online retailers and affiliates. Its
multi-channel e-commerce solution, which supports both direct and
indirect sales, is designed to help companies of all sizes maximize
online revenues as well as reduce the costs and risks of running an
e-commerce operation. The company’s comprehensive platform offers site
development and hosting, order management, fraud management, export
controls, tax management, physical and digital product fulfillment,
multi-lingual customer service, advanced reporting and strategic
marketing services.
Founded in 1994, Digital River is headquartered in Minneapolis with
offices across the U.S., Asia, Europe and South America. For more
details about Digital River, visit the corporate
website, call +1 952-253-1234, or follow the company on Twitter.
Forward-looking Statement
In addition to the historical
information contained herein, this press release contains
forward-looking statements, such as statements containing the words,
"will,” "plans,” "intends,” "expects,” and similar words. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Digital River, or industry results, to
differ materially from those expressed or implied by such
forward-looking statements. Such factors include, among others: Digital
River’s operating history and variability of operating results;
competition in the electronic commerce and payments markets; the ability
of Digital River to provide global payment services; the market’s
acceptance of such offerings; and other risk factors referenced in
Digital River’s public filings with the Securities and Exchange
Commission.
Digital River is a registered trademark of Digital River, Inc. All
other company and product names are trademarks, registrations or
copyrights of their respective owners.
Twitter Tags: #DigitalRiverPay, #DigitalRiver, #ecommerce,
#globalpayments
Tweet This: Download the @DigitalRiverPay @JavelinStrategy 4th
Annual Online Retail Payments
Forecast, 2011-2016: http://bit.ly/tH1uVP
