The ZOOZ Blog

The proliferation of mobile technologies and alternative payment channels has made it easier for consumers to make online purchases and led to the rapid growth of e-commerce. But while digital commerce continues to gain in popularity, incidents of fraud are…

To combat credit card fraud and protect consumers, card brands like MasterCard, Visa, American Express, Discover and JCB established the PCI Security Standards Council which mandates a set of security standards for managing online payments. ‍ ‍What is PCI DSS?…

A well-designed payment stack is made to generate more money for your business. Who wouldn’t want that? But as it turns out, this concept is a bit more complex to implement in practice. As we’ve covered in recent articles, choosing a…

While COVID-19 has hit many sectors hard, e-commerce is one industry where business has boomed. With quarantines and social distancing limiting people’s ability to maintain their purchasing and spending habits in the physical world, consumers are forced to shop online….

Without noticing, COVID-19 has sped up the shift the entire payment ecosystem has been expecting for years— only instead of a slow and gradual transition, many sectors were forced to condense an otherwise year-long process into just a couple of…

Payment orchestration platforms have become the go-to solutions for businesses looking to optimize their payment performance. The following tips show how you can utilize ZOOZ’s unique solution-features to optimize the way you extract information, find payments, or make alterations to,…

SCA requirements are scheduled to go into full effect on 14 September 2019. Following the recent document published by the European Banking Authority, many European countries have published respective statements that they will allow an extended time frame to enable…

What are Enterprise Payment Hubs? Enterprise Payment hubs are becoming a popular solution for e-commerce merchants seeking to combat growing fragmentation and complexity in today’s payments ecosystem. A payment hub, also referred to as a payment orchestration layer or enterprise…

The use of eWallets has grown significantly in recent years, in accordance with the expansion and growth of eCommerce, and both as a local and global payment method.  eCommerce is not showing any signs of slowing down, and its spread…

When it comes to your company’s payments, provider outage is your bottomline’s worst enemy.‍ Imagine the following scenario. Your company’s in hypergrowth. Your marketing team’s taken the time to design an effective, well-oiled purchase funnel. Your ad people have placed…

Lessons to be Learned from the Wirecard Scandal The financial ecosystem was hit with a tsunami-like announcement last week, shaking the roots of the fortress-like German economy and creating a global turmoil in its footsteps. As merchants, as well as…

It’s no secret that cross-border payments and eCommerce have grown immensely in the past decade. What has been unexpected is the surprising boost they were given by COVID-19, as increasingly more businesses are now forced to take their commerce, and…

The best inventions are the simplest. That is why we at ZOOZ created a set of simple tools that harness your company’s transactions to grow your revenue. ZOOZ’ helps you get to know your payments with clear, KPI-driven analytics. Once…

With COVID-19 affecting every area of life and the financial world, in particular, Visa has recently announced that it is delaying its BER (Business Enhancements Release) from April to July, which is a protocol that usually requires additional actions on…

It wouldn’t be an understatement to say that COVID-19 is shaking-up all aspects of life. Changes have spared no one: individuals, small companies, enterprises, and states – everyone is having their fair share. Some fundamental aspects of our daily lives…

A not-so-quiet transformation in all aspects of life COVID-19, or more so its impact on a new and developing social isolation, is shaking-up consumer and business behavior worldwide. While the scope of the revolution is yet to be decided, changes…

As Covid-19 continues to spread globally, people are retreating into their houses and are forced to reduce human interaction to a minimum. The ban to leave the country, let alone the house, has had a big effect on consumer behavior…

The main goal of Strong Customer Authentication (SCA) was, and still is, to make online payments more secure for both customers and businesses. But similarly to vaccines, once a new one is invented, viruses find new loopholes to thrive in….

Gone are the days when a payment transaction was a matter of simply asking and receiving money for a commodity. For global merchants, the payment ecosystem is increasingly becoming more complex, and as payments are shifting towards eCommerce, the challenges…

As 2020 gets underway, we decided to explore the top online payment trends that are shaping, changing, reaching key tipping points, and driving disruption in online payments. As e-commerce continues to rise, online payments are projected to rise from $82…

How do downtimes affect eCommerce? No matter what product you are selling, your online store needs to have processes in place to ensure that you’re operational 24/7, to avoid possible revenue loss in case of downtime. Downtimes happen to merchants…

There is no shortage of payment solutions or segment-solutions in the market. Each is designed to answer one, or multiple, requirements, and merchants are often left perplexed as to which one might be the right solution for them – especially…

Sign up for our Newsletter What is the Return Authorization Mandate? The Return Authorization mandate, introduced by Visa and Mastercard, is intended to improve a cardholder’s experience by showing them a credit/return authorization on their online banking statement in real-time.‍…

Branching into new territories‍ Stepping into hypergrowth mode usually requires to think big. Big means to expand into new markets and attracting more customers to increase profitability. eCommerce allows that to a large extent – its nature is to enable…

‍ While the B2C segment (i.e. businesses selling directly to individual customers)  is the most frequently talked about, merchants have a lot to get excited about when it comes to the B2B (business to business) segment. What are B2B online…

The latest EU Revised Payment Services Directive (PSD2) adds another layer of Strong Customer Authentication (SCA) requirement to transaction flows and is planned to go into full effect as of 14 September 2019.You are probably aware of a recent call…

‍Online businesses, especially ones experiencing hypergrowth, are continuously facing challenges which all stem from the expansion of E-commerce in general. Just to give an idea of the magnitude of the phenomenon, in 2018, consumers worldwide made online purchases valued at…

Payment Orchestration is a relatively new term, one that encompasses concepts that most merchants may already be familiar with. The term refers to all of the software systems and services that automate the coordination and management of business operations involved…

E-commerce is booming globally, and it’s only just the beginning. To support hyper-growth and ensure your company gets a bigger slice of the growing e-commerce pie, you’ll have no choice but to add new providers to your payments stack. And…

Congratulations!‍After years of hard work, your company is finally growing like a weed, customers are flooding in and they are throwing money at you buying your products in volumes you have never seen before. Your growth parameters are exploding and…