Payment and Fraud Trends to Look for in 2015

Localisation of Payments. A borderless world gives rise to countless global payment opportunities. By introducing multiple alternative payment methods and currencies, merchants are able to increase their global presence. What is key for merchants is the management of currencies and enabling their end-users to pay / checkout and withdraw funds globally. An example is the current economic situation in Russia where the rouble has hit an all-time low. A merchant operating in Russia has a number of expenses which needs to be settled in roubles, however, if the merchant is paid out in dollars, a second conversion to roubles will result in a loss due to currency fluctuations.

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