Bringing Up The Averages In Payments And Commerce

If we had to pick one word for what every payments and commerce player wants, “more” would be a reasonable candidate. More conversions, greater value out of those sales and a greater number of ways to connect to consumers. But getting more often entails doing more – and making it easier for consumers to push and receive funds while feeling safe and secure throughout all of those transactions.

Data:

$252: Average order value among consumers who pay with Amazon Pay

70 percent: Share of CUs with assets over $5B that are interested in data analytics-based innovation

36 percent: Share of credit unions that want to improve their security and fraud management efforts

12: Number of hours Western Union senders have to submit cash to transfer after starting a transaction online

5: Number of days consumers wait, on average, to get a package delivered by an eCommerce merchant for free