Connect with us

Business

POPULAR ONLINE PAYMENT METHOD VISA CHECKOUT LAUNCHES TO UK SHOPPERS

Published

on

POPULAR ONLINE PAYMENT METHOD VISA CHECKOUT LAUNCHES TO UK SHOPPERS
  • Visa Checkout, the easier way to pay online with a single sign-in, is making its debut in the UK, launching on lastminute.com
  • An exciting range of promotions is kicking off the partnership between Visa and lastminute.com
  • Visa Checkout is available in more than 23 markets and has expanded significantly, with 20 million consumer accounts and 300,000 merchants
  • Enrolled customers have a 51% higher conversion rate when compared to other customers[1] and data shows reduced cart abandonment

Visa Inc. (NYSE:V) today announced that its quick, safe and secure payment method Visa Checkout has launched in the UK. Visa Checkout allows consumers to securely store shipping and payment details without having to re-enter information while shopping online. Customers only need to enter a username and password – consistent across all merchants offering Visa Checkout, thereby reducing friction and the time taken to make a purchase.

lastminute.com is the first UK merchant to get on board. All of its shoppers will be able to take advantage of the innovative new service when making any purchase on the travel company’s website. To celebrate the UK launch of Visa Checkout, lastminute.com and Visa are running a six-week ‘use and win’ promotion on the site, running from May 7 to June 17.

Over the coming months, consumers with Visa cards from Barclays, Barclaycard, NatWest, Royal Bank of Scotland, The Co-operative Bank and other issuers, will have the added ease and convenience of seeing an image of their card design when they choose to pay with Visa Checkout. This means consumers will immediately recognise their preferred card from their issuer that they know and trust.

Up to now, UK shoppers have been able to shop at global merchants such as Marriott, Emirates, Wyndham Hotel Group and Stubhub.com, but lastminute.com is the first UK-based retailer to join the service.

Kevin Jenkins, Managing Director of Visa UK & Ireland, said:

“We are delighted to welcome lastminute.com onboard as the first UK retailer to offer the benefits of Visa Checkout. We are actively working with leading retailers to bring the benefits of faster and more secure checkout to online shopper in the UK.”

“Consumers are increasingly demanding secure and easy-to-use digital payments when making purchases online. By removing the hassle of typing in payment account and shipping information each time, we have seen a noticeable increase in conversion rates for online retailers.”

“Visa Checkout also addresses the evolving needs of consumers who are looking for a simpler and more convenient shopping experience on mobile with no compromise on security.”

Brian Cole, CEO UK Cards, Barclaycard, said:

“Streamlining the online shopping journey is something we know our customers will welcome so we’re looking forward to being one of the first issuers in the UK to offer Visa Checkout.

“By removing the need to input personal and payment information every time they shop online, Visa Checkout makes it quicker, easier and more convenient for customers, and most importantly it does so whilst keeping their details safe and secure.”

Global Success Story

It is the latest development for Visa Checkout, which has expanded into 23 countries, most recently Poland, and now has 20 million registered users globally with new merchants regularly signing up.

Visa Checkout first launched in the USA in 2014 and is already widely used by more than 300,000 global retailers, including Avis Car Rental and Papa John’s.[2] Today, lastminute.com becomes the UK’s first retailer to offer its customers Visa Checkout.

The UK is the largest ecommerce market in Europe, with annual spending in 2015 higher than the next three biggest spenders combined.[3] This trend is set to continue, with a healthy 5.4 percent growth reported in 2016[4], as consumers continue to build their online profiles and grow more accustomed to paying online. Other UK retailers can now capitalise on this growth opportunity by signing up to Visa Checkout.  In particular, Visa Checkout’s mobile optimisation will help merchants take advantage of the ever-growing mobile payments opportunities. Visa research shows that 74 percent of Britons have made a payment using a mobile device, rising to 94 percent among 18-24 year olds.[5]

Marco Corradino, Chief Operating Officer at lastminute.com, said:

“Our aim is to help our customers achieve their dreams through travelling. And one very practical way to help them do so is to make the payment process as hassle-free as possible.

“We know that people want to be able to make quick, easy and secure payments online, so they can then start thinking about the next stage of their holiday experience with us.

“We are very pleased to be able to help them with that through offering Visa Checkout on all lastminute.com purchases in the UK. “

Implementation of Visa Checkout has led to increased conversion rates due to a reduction in cart abandonment. Research found that Visa Checkout shoppers convert to online buyers at a rate of 72 percent, rising to 77 percent for returning shoppers, against a conversion rate of 54 percent for traditional checkout[6]. Furthermore, Visa Checkout customers make 30 percent more transactions per person compared to other customers, while merchants running Visa Checkout promotions have seen 46 percent net new customers.[7]

With security a key consideration in the payment process, Visa Checkout securely stores all of the card and shipping details while using a range of advanced security tools to authenticate the account holder.

Further research found that 95 percent of Visa Checkout customers said signing up was easy, while 96 percent said they felt secure using it.[8]

Visa and lastminute.com Promotion

 To celebrate the UK launch of Visa Checkout, lastminute.com and Visa are running a six-week ‘use and win’ promotion[9] on the site, running from May 2 to June 13.

Anyone buying a flight on lastminute.com and paying using Visa Checkout, will be in with a chance of winning a Big Ticket Weekend to New York, including flights, accommodation, $1,000 spending money on a Visa prepaid card, as well as two VIP tickets to the Formula E race on Saturday July 15 and much more[10]. Further Visa Checkout and lastminute.com promotions will follow later in the year. The competition will be supported by digital display and social media activity.

[1]comScore 2015 Visa Checkout study, commissioned by Visa. Based on data derived from the comScore research panel of one one million U.S. PC/laptop users measuring panelists purchases

at 12 e-commerce domains, April-October 2015.

[2]VCO Quarterly Factsheet Q2 FY17 final

[3]European B2C E-commerce report 2016 – UK spending on online goods and services in 2015 was €157.1bn; France €64.9bn, Germany €59.7bn, Russia €20.5bn

[4]Visa Consumer Spending Index Data

[5]Visa Digital Payments Study, October 2016

[6]ComScore Visa Checkout Conversion Study, Jun-Dec 2015

[7] https://www.visa.co.uk/visa-checkout/

[8]Millward Brown Visa Checkout Customer Experience Survey, March 2015

[9]http://www.lastminute.com/promos/VisaCheckout.html

[10]Full competition details in Notes to Editors below

Business

Young adults lean towards ‘on-the-job’ learning as 6 in 10 say pandemic has impacted educational plans  

Published

on

Young adults lean towards ‘on-the-job’ learning as 6 in 10 say pandemic has impacted educational plans   1
  • Six in 10 (61%) of 16-25s agree learning ‘on-the-job’ is the best way to get on the jobs ladder in the current environment
  • 59% would rather study a degree subject connected to a profession than one they are good at
  • 59% believe tech sector offers strong career opportunities and is voted most futureproof sector by 16-25s following the pandemic
  • QuickBooks launches free online programming course with Amigoscode to help young people kickstart their tech career

Nearly two thirds (63%) of 16-25s have seen their future educational plans impacted by the pandemic, new research from Intuit QuickBooks1 – the financial software provider – reveals, with the uncertainty caused by COVID-19 driving young people to look for faster and more secure ways to get jobs.

And with more than half a million young people now unemployed – a rise of 35,000 from the previous quarter2 – six in ten (61%) 16-25s agree that learning ‘on-the-job’ is the best way of getting on the careers ladder in the current environment.

With COVID-19 highlighting the importance of more ‘futureproof’ career options, the technology sector has been identified by 16-25s as offering particularly strong career opportunities (59%).

To help young people kickstart their tech career, QuickBooks – home to top UK tech talent – has launched a free online programming course with Amigoscode.

Careers-focused learning takes priority 

If they were to attend university or study for a degree, 59% of 16-25s would rather study a subject connected to a profession than one they’re good at, while nearly a third (31%) would only consider studying for a degree that would help them get a job in a sector that is likely to grow in future.

However, almost half (45%) of 16-25s are now reconsidering attending university at all. A quarter (26%) believe it is now more important to get on the job ladder than get a degree, while 19% don’t want to go to university because they are worried about their safety.

As remote learning becomes the new norm, more than a quarter (28%) of 16-25s now plan to carry out an online university degree (such as those offered by the Open University) instead of physically going to university.

Technology sector is voted most futureproof 

The research reveals 16-25s believe the technology sector is the most futureproof (40%), ranking significantly higher above the second most popular option (construction – 27%).

Almost a fifth (19%) of the 16-25s surveyed already have a career in the technology sector, while 34% are considering it – rising to 38% of those aged 16-19.

Of those who are interested in the sector but are not currently considering it, the biggest barrier is simply not knowing how to get a job in this area (32%), closely followed by having never received any information about the sector from careers advisors etc. (30%). A quarter (25%) don’t think they could afford to undertake the necessary training or qualifications to get a job in the sector.

Ben Brown, Head of Engineering at Intuit QuickBooks, comments: 

“With COVID-19 causing economic uncertainty and driving unemployment levels, young people are increasingly looking for ways to fast-track onto the careers ladder. And getting straight into the tech sector, which has proven to be resilient in the face of the pandemic, is particularly appealing. Technology, after all, is the fuel that has allowed many other sectors to continue operating.

“On-the-job learning is common in the tech sector, but to be a successful candidate, applicants need to demonstrate genuine interest and enthusiasm by having carried out their own independent learning. Employers can enable this by creating opportunities for young people to take part in free training courses and taster sessions, which helps them to gain valuable skills and decide if the sector is for them.

“QuickBooks engineers frequently host and coach participants through Code First Girls sessions – which are aimed at women looking to learn more about programming – and we are thrilled to be partnering with Amigoscode to offer a free programming course.”

Nelson Djalo, Founder of free coding resource Amigoscode and Software Engineer, comments:

“The perception of not having enough knowledge is the main barrier to young people getting into the technology sector. Skills can be built over time – passion, drive and a willingness to learn are the most important qualities to have. People from lots of different backgrounds and interests can get into the sector, and there are a whole host of roles aside from programming and software engineering.

“I offer programming courses and coding tutorials because I believe the sector should be accessible to anyone. I’m pleased to be partnering with QuickBooks to offer a tailormade course for anyone who is interested in getting into the industry and wants to learn more about programming.”

The Amigoscode x QuickBooks course is available here as a video, and here as a playlist. The 2.5 hour course and video playlist covers the basics of programming; the basics of Python and a project task (building a CV). Participants will also build a portfolio which could be the starting point of their tech journey/career.

Watch Nelson’s other tutorials on the Amigoscode YouTube channel here.

Case studies of young QuickBooks software engineers are available on request. 

Continue Reading

Business

Five things to consider when organising a remote work Christmas party

Published

on

Five things to consider when organising a remote work Christmas party 2

By Kate Palmer, HR Advice and Consultancy Director at Peninsula

Christmas is usually a time of cheer and celebration, and the perfect way for employers to incorporate this in the workplace is by organising a Christmas party for their staff. However, things will have to be a little different this year due to the ongoing disruption caused by the coronavirus pandemic. While the easiest, and cheapest, option for employers is to not go ahead with their annual festive plans, in the spirit of keeping Christmas alive some may choose to organise a remote party.

There are, however, some important things that employers should be aware of.

  1. The coronavirus pandemic has highlighted the need for employers to keep their employees’ wellbeing in mind, much more than ever before. This is why, even with something that can be considered a ‘treat’ for employees, people who are working carers, have been struggling with work-related stresses, may not want to partake in a Christmas party this year, however well-intentioned it may be on the employer’s part. It is therefore advisable that remote parties should be optional and not constrained to a certain timeframe in which staff must be in attendance.
  2. Employers should ensure that those in attendance do not feel excluded from any activities during the party. For example, if an employee does not drink alcohol and a virtual wine tasting activity makes up the bulk of the event, such a person would not be able to contribute to the fun and may therefore feel left out. Consequently, it may be better for employers to ensure that there is a wide range of activities available that cater to the individuals who are attending.
  3. When attendees and potential attendees, have been established and the activities have been finalised, it is in the best interest of the company to send out emails to them. It should detail what is expected of them at the event and highlight that the same conduct is expected of them at a remote party as it would be at an in-person event. It should also outline that the same disciplinary procedures would apply in a situation where an employee commits a form of misconduct during the event.
  4. Similarly, employees should be made aware that the same grievance produce applies – to ensure that if company rules are broken by an employee or a grievance with the company itself, the affected employee will be able to raise this with the company.
  5. Finally, while employees can use their social media accounts in their own personal time, including at work social gatherings, employers must ensure that the use of social media should be done in a manner that does not adversely affect the company’s reputation.

To conclude, remote parties are the perfect way to ensure that social distancing rules are adhered to and that employees are rewarded for their efforts, there should be a mutual sense of responsibility on the part of the company and its employees.

Continue Reading

Business

Reasons to remote manage in a socially distanced world

Published

on

Reasons to remote manage in a socially distanced world 3

By Paul Routledge Country Manager D-Link UK and Ireland

As the world continues to adapt in varying degrees to the ongoing COVID-19 pandemic, many businesses and enterprises will find themselves adjusting to more permanent, new ways of working, problem-solving and service delivery. Governments and global leaders have already introduced new measures to support these adjustments, and as a result we have already seen many companies re-evaluate how they work as well as how teams are organized and provided for. As the pandemic remains a fixture of this year of which the impact will continue to be felt in the year ahead, it’s becoming clear that the role of technology and the innovation therein will be key to ensuring businesses can weather ongoing the crisis.

For many businesses, until recent years, the vast bulk of network management was conducted and carried out on location at the client site. However, the value of remote network management has fast become an asset to businesses in the 21st century – giving IT service providers more capacity to manage a larger number of customer sites at any given time.

In addition, remote network management solutions play an important role in increasing transparency across sites by providing a complete view of the status of different networks via comprehensive interactive dashboards and informative management systems. For example, Nuclias by D-Link offers an easy to set up network management solution that provides flexibility to make onboarding, studying, troubleshooting, and reporting network activity quick and easy.

For IT service providers, establishing new ways of working is particularly important. As they seek alternative methods of supporting customers in different locations, many will be looking to the advantages that remote network management has to offer.

Before the pandemic, D-Link Europe explored the state of play of network management and challenges its partners were facing in this space. The study found that, 75% of IT service providers in Europe were already using remote access tools to support or manage network infrastructure on customer sites, yet a quarter (25%) were still relying on in-person visits to resolve network issues for customers.

Interestingly, the findings show that the larger the number of clients a provider has, the less likely they are to use remote management tools. Only 22% of European IT service providers surveyed provide more than 50 customers with remote management services. Complete adoption of remote network management methods will be a gradual process, yet the pandemic and the government restrictions in place across much of Europe have a part to play in creating the circumstances where in-person visits occur much less often if at all.

As a result, it is likely we will see a more permanent adoption of remote networking management systems – as businesses work hard to adapt to a ‘new normal’ and an unpredicatable year ahead. The point of this will not only to provide network management services in a more efficient and less time-consuming way but also to uphold the safety measures now expected of most workplaces.

This is particularly pertinent in an environement where businesses are limiting contact in the workplace and adhering to safetymechanisms also seen more widely in society – including technologies such as group temperature screening cameras as well as track and trace systems. There is a clear opportunity for IT service providers to make the most of remote networking management tools’ benefits to uphold the safety and health of their own employees, as well as personnel at client sites by reducing unnecessary human contact.

An additional benefit to be reaped from remote network management is how IT service providers can economise on time spent travelling to and from client sites, in addition to time spent resolving issues on-site. D-Link research found that 60% of European IT service providers spend between four to six hours per week installing and configuring new wireless or wired networks at client sites. This additional time spent travelling to and from client sites puts employees at particular risk, especially as they often travel long distances to get there.

What’s more, in terms of the time technicians usually spend at client sites, when it comes to configuring a replacement wireless access point, only 31% of providers feel they can keep this service under one hour. Remote network management allows technicians to use this time more effectively. Nuclias by D-Link, for example, will enable administrators to stay on top of any management tasks like creating guest networks, adding Wi-Fi to additional locations, updating devices and upholding network security.

Furthermore, IT service providers will be able to offer their clients more benefits, by providing centralised management and more visibility of their network, allowing them to act on network disruptions and problems before they become pervasive issues. Nuclias Cloud is designed for smaller businesses who lack in-house IT skills, such as hospitality and retail chains. These companies can benefit from easy network expansion and implementation of updates without the need for additional training.

Remote management solutions, like Nuclias, are also well-placed to support the growth of IT service providers as they look to offer more managed services. Not only do they enable teams to provide deployments but also increased administration services and supervision of client networks; resulting in improved reactivity to issues and better quality of service. The added advantage of unlimited scalability, thanks to the use of cloud-enabled devices, means providers can also keep resources and costs low – generating a more significant return on investment.

Right now, it still feels like there is some way to go before normal life resumes – however, as the long-term impacts of COVID-19 become more apparent, companies worldwide will need to continue to relying on innovative technology to tackle workplace concerns. With solutions such as remote network management playing an important role in supporting service providers and their clients as they do.

Continue Reading
Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.

Call For Entries

Global Banking and Finance Review Awards Nominations 2020
2020 Global Banking & Finance Awards now open. Click Here

Latest Articles

Tax administrations around the world were already going digital. The pandemic has only accelerated the trend. 4 Tax administrations around the world were already going digital. The pandemic has only accelerated the trend. 5
Finance8 mins ago

Tax administrations around the world were already going digital. The pandemic has only accelerated the trend.

By Emine Constantin, Global Head of Accoutning and Tax at TMF Group. Why do tax administrations choose to go digital?...

Time for financial institutions to Take Back Control of market data costs 6 Time for financial institutions to Take Back Control of market data costs 7
Top Stories26 mins ago

Time for financial institutions to Take Back Control of market data costs

By Yann Bloch, Vice President of Product Management at NeoXam Brexit may well be just around the corner, but it is...

An outlook on equities and bonds 8 An outlook on equities and bonds 9
Investing31 mins ago

An outlook on equities and bonds

By Rupert Thompson, Chief Investment Officer at Kingswood The equity market rally paused last week with global equities little changed...

Optimising tax reclaim through tech: What wealth managers need to know in trying times 10 Optimising tax reclaim through tech: What wealth managers need to know in trying times 11
Investing1 hour ago

Optimising tax reclaim through tech: What wealth managers need to know in trying times

By Christophe Lapaire, Head Advanced Tax Services, Swiss Stock Exchange This has been a year of trials: first, a global...

Young adults lean towards ‘on-the-job’ learning as 6 in 10 say pandemic has impacted educational plans   12 Young adults lean towards ‘on-the-job’ learning as 6 in 10 say pandemic has impacted educational plans   13
Business2 hours ago

Young adults lean towards ‘on-the-job’ learning as 6 in 10 say pandemic has impacted educational plans  

Six in 10 (61%) of 16-25s agree learning ‘on-the-job’ is the best way to get on the jobs ladder in the current environment 59%...

Five things to consider when organising a remote work Christmas party 14 Five things to consider when organising a remote work Christmas party 15
Business2 hours ago

Five things to consider when organising a remote work Christmas party

By Kate Palmer, HR Advice and Consultancy Director at Peninsula Christmas is usually a time of cheer and celebration, and...

Reasons to remote manage in a socially distanced world 16 Reasons to remote manage in a socially distanced world 17
Business2 hours ago

Reasons to remote manage in a socially distanced world

By Paul Routledge Country Manager D-Link UK and Ireland As the world continues to adapt in varying degrees to the...

Barclays announces new trade finance platform for corporate clients 18 Barclays announces new trade finance platform for corporate clients 19
Trading16 hours ago

Barclays announces new trade finance platform for corporate clients

Barclays Corporate Banking has today announced that it is working with CGI to implement the CGI Trade360 platform. This new...

An unprecedented Black Friday: How can retailers prepare? 20 An unprecedented Black Friday: How can retailers prepare? 21
Business16 hours ago

An unprecedented Black Friday: How can retailers prepare?

Retailers must invest heavily in their online presence and fight hard to remain competitive as a second lockdown stirs greater...

What’s the current deal with commodities trading? 22 What’s the current deal with commodities trading? 23
Trading16 hours ago

What’s the current deal with commodities trading?

By Sylvain Thieullent, CEO of Horizon Software The London Metal Exchange (LME) trading ring has been the noisy home of...

Newsletters with Secrets & Analysis. Subscribe Now