Boston, February 12, 2013 – A new report from Aite Group details key trends driving evolving payment gateway strategies and outlines a roadmap for streamlining payment acceptance solutions. Based on more than 30 Aite Group interviews with senior executives from payment gateway solution providers, the report also profiles merchant acquirers that have met payments success using gateways and suggests possible partners and acquisition targets for merchant service providers.
As global online marketing platforms enable merchants to sell their wares, the demand for global payment acceptance solutions is only growing. Empowered consumers, mobile payments, and the bourgeoning U.S. adoption of NFC and EMV are among key trends driving gateway players to seek a future of cloud-based next-generation solutions that can manage intricacies, simplify payment interfaces, integrate channels, and enhance security. The key to this quest lies in e-commerce gateway business models, technology, and products.
"Providers that continue to distribute stand-alone payment terminals as a primary method of merchant acquisition face a rapidly diminishing target market as integrated POS solutions provide an ever-increasing set of cloud-based services at ever-decreasing prices," says Rick Oglesby, senior analyst with Aite Group and author of this report. "Those successful in marketing omni-channel payment gateway solutions will enjoy a solid opportunity—one that will coincide with EMV mandates."
The report references the following industry players: 3Cinteractive, ACI Worldwide, Alaric, Apriva, Braintree, Chase Paymentech, Digital River, Elavon, Element Payment Services, First Data, Intuit, IP Commerce, Linkable Networks, Merchant Warehouse, Mercury Payment Systems, Mozido, PayPros, Vantiv, VeriFone, Visa, and Wells Fargo.
This 31-page Impact Report contains six figures and seven tables. Clients of Aite Group’s Retail Banking service can download the report by clicking on the icon to the right.