A new white paper released by myPINpad, Digital Payments Bridging the gap between security and convenience, analyses the limitations of the current payments ecosystem. It reveals that consumer concerns over payment security either too much or too little causes 35% of all abandoned carts in online commerce. Too complex or unsecure authentication and payment processes cost the global economy $1.4tn in abandoned sales. Consumers want a consistent simple standard transaction, similar to that of shopping in-store; something that they can trust and easily use.”]
Source: https://informationsecuritybuzz.com/articles/secure-processes-are-the-key-to-new-payment-success/