Author: Christoph Laurer

Let’s face it: The majority of customers don’t trust your payment system just because. You have to earn their trust. 

For German e-commerce, that’s strikingly true. According to statista, 51% of German customers name ”Security and Trust Issues at Checkout” as the prime reason why they don’t shop on an online platform. Over one third of them also feel pushed off by a ”Long and Confusing Payment Process” (37%). And so, companies are between a rock and a hard place: How to speed up and simplify the checkout process without compromising security? 

Credit card tokenization is one of the key ingredients of the remedy. During tokenization a so-called token replaces the clear-text card details, acting as a stand-in for the full credit card. This has a number of advantages such as: 

• Saving the customer’s card details for subsequent payments
• Eliminating the reentering of card information during failover rerouting to a different PSP 
• Reducing the risk of data breaches, increasing customer trust
• And thus providing a frictionless, satisfying user experience.

To make this work, however, your company’s payment system must be able to call up a secure, PCI DSS-compliant storage, a Vault. The Vault ensures that customer’s card data is tokenized and securely stored and will not fall into the wrong hands. In the following paragraphs we will highlight a path to get a fully functioning Vault for your business. 

In detail, this article will answer: 

• What the core functions of a PCI Vault are
• Which options there are to get a Vault
• How self-built and bought on-premise Vault systems differ
• How Finergizer can present a shortcut for getting your own Vault

Curtains up! 

There are two important truths about PCI DSS in e-commerce environments: It’s easy to reach compliance. But it’s hard to maintain it. 

Well, in comparison, at least. Setting up a PCI DSS-compliant environment for credit card payments is never exactly “easy”. But many e-commerce companies will experience the upholding and the monitoring of measures to secure credit card data as a challenge – especially as the requirements evolve over time. In different phases of business development, e-commerce companies may find themselves struggling with: 

• Putting up a profound strategy to uphold PCI DSS compliance over time. 
• Analyzing the effectiveness of PCI security measures put in place. 
• Discovering deviations from the standard required by PCI DSS. 
• Educating their teams in putting the specifications into ongoing action. 

As an online retail business, this article may help you understand the requirements of PCI DSS, the challenges those requirements entail and possible actions to become compliant. It will: 

• Give a definition of PCI DSS and related concepts
• Discuss why PCI DSS compliance can be crucial for businesses
• Which steps are required by PCI DSS and what are some of the best practices 
• How we as an experienced payment software provider can help you achieve and uphold compliance 

In the realm of e-commerce, companies have to keep a fast pace and deliver on their target groups’ preferences. As customers demand frictionless payments, success is often defined by the smoothness and ease of transactions. Getting such payments on the road is a crucial challenge faced by many businesses. In pursuing this ideal, secure, custom payment solution often encounter roadblocks that hinder growth and efficiency. 

The good news is: Your e-commerce company doesn’t have to face such obstacles on its own. We are thrilled to announce a collaboration that will support you in optimizing payments, from start to finish. trimplement, EPAM, and CORE SE have united their experience in business consulting, payment domain knowledge, and payment software development. Doing so, we have created a free guide, we help you identify contemporary payment challenges and possible solutions. 

Let’s start right away.   

Selling secondhand fashion online is as old as the web itself. 

We could argue that eBay was the first successful online marketplace to exist. 25 years later, pre-owned clothing is all the rage again with buyers and sellers. With new verve, fashion retailers have pushed into the resale market. A market which is projected to become a very lucrative one.

Brands like Dior, Chanel and Gucci have already adopted the practice of so-called branded resale. Many of their competitors are following suit. Some companies have run their online recommerce programs for a while now. A survey by statista proves them right: When it comes to digital features by luxury brands, customers look forward to resale programs above all else. For regular-income customers, the market is also in full swing. Fashion businesses in the mid-price segment have started resale programs, too. This includes those often labeled fast fashion. H&M, Shein and Zara are well on board. Even sports apparel brands adopt the practice – think Lululemon, Adidas, Nike or Decathlon.

But moving from e-commerce to recommerce comes with challenges for businesses – many of which relate to payment. This article will provide insights into the matter, discussing:

• The reasons why fashion companies should enter the resale market
• The differences between branded resale platforms and secondhand P2P marketplaces
• The downsides of using a third-party payment system on a fashion resale platform
• The payment challenges fashion resale companies face

As e-commerce continues to grow, online retailers are constantly looking for ways to increase their customer base and improve customer satisfaction. One way they are achieving this is by offering customer financing options. In this article, we will delve into: 

• The various types of customer financing available in fashion
• The potential challenges that retailers might face when offering financing options
• The competitive edge gained through customer financing
• How to offer frictionless financing 

So, let’s get to it.