June 21, 2016
The development of WordPress and the increase of available plugins has made it more and more feasible for people to easily build their online stores, but with a lack in innovation, payments are still one of the most underdeveloped areas in e-commerce. With limited checkout options, unreasonably high processing rates (2.9% + $0.30) and merchants bearing chargeback liability when it comes to fraud, online merchants are in an unfavorable position with no real possibility for profit maximization. Being an ethical hacker and coming from a payments processing background, James really understood these pain points and has entered the space with a goal of finding a sustainable, innovative solution for e-commerce. In this session, he will share his expertise and experience with us, providing insights on processing rates and online fraud, as well as how the shift to EMV has impacted these. Further, he will take a close look at 3D Secure and other technologies and best practices to overcome these problems. This is an excellent meetup for those using WooCommerce or those accepting payments through Gravity Forms.