Abandonment rate

700Credit Announces Soft Pull Integration with fusionZONE's New FastLane Leads Product

Retrieved on: 
Friday, April 9, 2021
Economy, Articles, Abandonment rate, Consumer behaviour, E-commerce, Fastlane, Credit history

FastLane Leads simplifies the digital retail process and reduces form abandonment rates through its straightforward 4-step process.

Key Points: 
  • FastLane Leads simplifies the digital retail process and reduces form abandonment rates through its straightforward 4-step process.
  • The alliance allows fusionZONE to integrate the 700Credit QuickQualify soft-pull platform within FastLane Leads so consumers can receive accurate interest rates and payment quotes before they enter the finance office.
  • "fusionZONE is excited to partner with 700Credit to bring its QuickQualify soft-pull platform to our new FastLane Leads tool" said Alex Papadopulos, fusionZONE Automotive's COO and product designer.
  • 700Credit is the automotive industry's leading provider of credit reports, compliance and soft pull products.

Metrical's New Shopify App Provides Instant Customer Feedback - Reduces Cart Abandonment

Retrieved on: 
Tuesday, March 30, 2021
Consumer behaviour, E-commerce, Articles, Economy, Marketing, Digital marketing, Abandonment rate, Conversion marketing, Shopify, Online shopping

"Now with their featured compatibility with eCommerce platforms like Shopify, I'm confident they can help retailers establish a lasting competitive advantage."

Key Points: 
  • "Now with their featured compatibility with eCommerce platforms like Shopify, I'm confident they can help retailers establish a lasting competitive advantage."
  • E-Commerce retailers are facing cart abandonment rates of 81% equating to $4.0T in lost sales (Business Insider).
  • This increased the effectiveness of the offers, reducing cart and site abandonment and increasing conversion rate.
  • In addition to providing immediate feedback, the survey data can be used strategically in the development of behavioral models.

InventHelp Inventor Develops Modified Shopping Cart to Increase Convenience (ROH-752)

Retrieved on: 
Tuesday, December 22, 2020
Articles, Shopping cart, Cart, Shopping, Invention, Abandonment rate

The patent-pending invention provides an effective way to transfer purchased items from a shopping cart to a vehicle.

Key Points: 
  • The patent-pending invention provides an effective way to transfer purchased items from a shopping cart to a vehicle.
  • In doing so, it offers an improved alternative to traditional shopping carts.
  • The invention features a user-friendly design that is convenient and easy to use so it is ideal for shopping establishments.
  • The original design was submitted to the Rochester sales office of InventHelp.

Worldpay from FIS and Visa Collaborate to Strengthen Digital Commerce Security and Convenience

Retrieved on: 
Thursday, December 10, 2020
Software, Finance, Banking, Data management, Professional services, Technology, Online Retail, Retail, Economy, Articles, Money, Consumer behaviour, Financial District, San Francisco, Visa Inc., Online shopping, Abandonment rate, fis

FIS (NYSE: FIS) today launched its token management service, offering online merchants and partners access to Visa Token Service to protect their payments environment and strengthen their digital commerce strategy.

Key Points: 
  • FIS (NYSE: FIS) today launched its token management service, offering online merchants and partners access to Visa Token Service to protect their payments environment and strengthen their digital commerce strategy.
  • FIS will also enable Click to Pay with Visa, which provides online shoppers with a smarter, streamlined checkout experience.
  • Shoppers do not need to repetitively enter Visa payment card, shipping and billing data, which can reduce cart abandonment rates.
  • Worldpay will provide Click to Pay with Visa to its network of merchants, regardless of the merchants acquiring relationship.

Increased Use of Digital Accounts During COVID but New Customers Remain Concerned About Privacy and Security

Retrieved on: 
Tuesday, November 24, 2020
Software, Technology, Internet, Security, Articles, E-commerce, Terms of service, Internet privacy, Privacy, Abandonment rate

Consumers expressed several concerns around their security and privacy when signing up to new accounts.

Key Points: 
  • Consumers expressed several concerns around their security and privacy when signing up to new accounts.
  • This abandonment rate suggests that businesses are missing out on new revenue opportunities from new customers, said Humphrey.
  • Gartner points out: By 2023, companies that earn and maintain digital trust with customers will see 30% more digital commerce profits than their competitors.
  • This means that businesses no longer need to compromise on customer experience, conversion, privacy or security.

First-of-its-Kind End-to-End Regional Shipping Solution, ShipperBee, Launches Integration with Shopify

Retrieved on: 
Thursday, October 1, 2020
Articles, Economy, Business, S&P/TSX 60 Index, Shopify, Consumer behaviour, Abandonment rate, Free shipping, Freight transport, Comparison of shopping cart software

The integration will allow Shopify merchants in ShipperBee's service area to access and offer a more cost effective and planet-friendly regional shipping alternative to their customers at checkout.

Key Points: 
  • The integration will allow Shopify merchants in ShipperBee's service area to access and offer a more cost effective and planet-friendly regional shipping alternative to their customers at checkout.
  • With the integration, Shopify merchants can further diversify their carrier mix.
  • "When we struggled with traditional carriers, we turned to ShipperBee and their Shopify integration," comments Chris Niedojadlo, director of sales and marketing, 3D Printing Canada.
  • By leveraging a more cost-effective shipping option, merchants can reduce shipping costs or keep pricing competitive by incorporating those costs into product costs to offer free shipping and reduce cart abandonment rates.

LiquidPixels Announces New Optimization Tool for Significant Reduction in E-Tail Page Load Speed

Retrieved on: 
Thursday, April 2, 2020
Software testing, SOASTA, Chow Tai Fook, Fook, Load, Abandonment rate, Business, Economy, Articles

The new optimize.liquidpixels.com image analysis tool provides an assessment of how the images on any website affect page weight, which has a significant impact on website user experience and visitor abandonment rates.

Key Points: 
  • The new optimize.liquidpixels.com image analysis tool provides an assessment of how the images on any website affect page weight, which has a significant impact on website user experience and visitor abandonment rates.
  • According to Google/SOASTA Research, the probability of page bounce increases 32 percent as page load time increases from one second to three seconds.
  • Based on image weight, results varied from Target, which loaded the fastest, to Chow Tai Fook jewelers, which took the longest to load.
  • If it was image optimized, the page weight (i.e., the page with optimized images) would be 12.4MB, which would download in five seconds.

Virgin Pure Achieves 78% Increase in Checkout Conversion and 10% Decrease in Cart Abandonment with Splitit

Retrieved on: 
Friday, January 24, 2020
Abandonment rate, Consumer behaviour, Economy, Checkout, Articles, Business

Splitit helped to deliver a 78% increase in checkout conversion and a 10% reduction in cart abandonment rates.

Key Points: 
  • Splitit helped to deliver a 78% increase in checkout conversion and a 10% reduction in cart abandonment rates.
  • After making Splitit their sole payment solution, Virgin Pure also saw its payment success rate nearly double and Splitit won an additional 25% of Virgin Pure's checkout ratio.
  • Following a trial with multiple financing options, Virgin Pure found Splitit's solution the most successful and decided to implement Splitit as their sole payment option.
  • Virgin Pure offers a range of purified water solutions that have changed the way many families drink water at home.

Monetate Study Identifies Tipping Point for Key Customer Performance Metrics at Three Pageviews of Personalized Content

Retrieved on: 
Tuesday, May 14, 2019
Other Consumer, Technology, Online Retail, Internet, Software, Retail, Communications, Advertising, Marketing, Consumer, Marketing, E-commerce, Information science, Business, Human–computer interaction, Personalization, World Wide Web, Conversion marketing, Abandonment rate

Monetate , the worldwide leader in personalization, today publishes its latest Ecommerce Quarterly Report that addresses how bespoke experiences broadly impact customer performance.

Key Points: 
  • Monetate , the worldwide leader in personalization, today publishes its latest Ecommerce Quarterly Report that addresses how bespoke experiences broadly impact customer performance.
  • Highlights include:
    The power of personalization compounds with each experience: conversion, add-to-cart and cart abandonment rates improve exponentially over a bounded series of personalized pageviews.
  • Patterns differ between audience groups: each segment may have its own tipping point for the amount of personalization that it takes to coax users into their full performance potential.
  • By incorporating multiple personalized pages, brands are empowered to drive higher add-to-cart and conversion rates, said Brandon Atkinson, COO, Monetate .

Juniper Research: Consumer Retail Spend to Rise by 25% by 2023, Hitting $30 Trillion, as Online Alternative Payments Fuel Growth

Retrieved on: 
Tuesday, March 12, 2019
Other Consumer, Technology, Online Retail, Internet, Professional services, Finance, Retail, Consumer, Economy, E-commerce, Marketing, Microeconomics, Consumer behaviour, Merchandising, Abandonment rate, Online shopping, Financial technology, Retail

The research found that retail spend is expected to increase by $6 trillion globally between 2018 and 2023 (taking total spend to $30 trillion), with growth driven by a combination of alternative payment mechanisms (most notably wallets) and online spend.

Key Points: 
  • The research found that retail spend is expected to increase by $6 trillion globally between 2018 and 2023 (taking total spend to $30 trillion), with growth driven by a combination of alternative payment mechanisms (most notably wallets) and online spend.
  • However, stakeholders face a host of competitive and regulatory challenges if they are to take full advantage of the opportunity.
  • According to the study, Strategies for Payment Providers: Opportunities, Risks & Competition 2019-2023 , reducing friction at checkout remains a key hurdle, with online cart abandonment rates high.
  • Juniper Research is acknowledged as the leading analyst house in the digital commerce and fintech sector; delivering pioneering research into payments, banking and financial services for over a decade.