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$575+ Billion Warehousing and Storage Markets: Global Industry Trends, Share, Size, Growth, Opportunity and Forecasts, 2015-2020 & 2021-2026 – ResearchAndMarkets.com

May 31, 2021 (Global News Distribution) -

The “Warehousing and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026” report has been added to ResearchAndMarkets.com’s offering.

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Global warehousing and storage market exhibited moderate growth during 2015-2020. Looking forward, the global warehousing and storage market to reach a value of US$ 576 Billion by 2026.

Storage ensures an organization to carry on production in anticipation of demand in the future. Warehouses enable the organization to continue its production throughout the year and to sell their goods, whenever there is sufficient demand. In general, warehouses can be divided into three categories which include general warehousing and storage, farm product warehousing and storage, and refrigerated warehousing and storage.

The key application sectors of warehousing such as manufacturing, retail, healthcare, construction, automotive, technology, etc. are expected to exhibit continuous growth in the coming years. Moreover, we also expect an increase in demand from the ecommerce sector.

Web based shopping has gained popularity and has become a go-to-option for almost all types of customers. The advent of online shopping has created a huge demand of warehousing space in both developed and emerging economies.

Furthermore, catalyzed by the rising popularity of frozen foods, the demand of refrigerated warehousing and storage has also been increasing. This can be attributed to the fact that frozen foods are simple to cook, healthy to eat, and easily available in the market.

Additionally, recent advancement in the IT and transportation sector are also creating a positive impact on the warehousing and storage market. Increasing use of wearables, sensors, radio frequency identification tags, etc. are also making the storage and transportation of goods more efficient.

Key Questions Answered in This Report:

  • How has the global warehousing and storage market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global warehousing and storage industry?
  • What has been the impact of COVID-19 on the global warehousing and storage market?
  • What is the breakup of the global warehousing and storage market on the basis of warehouse type?
  • What is the breakup of the global warehousing and storage market on the basis of ownership?
  • What is the breakup of the global warehousing and storage market on the basis of end-use?
  • What are the various stages in the value chain of the global warehousing and storage market?
  • What are the key driving factors and challenges in the global warehousing and storage market?
  • What is the structure of the global warehousing and storage market and who are the key players?
  • What is the degree of competition in the global warehousing and storage market?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

5 Global Warehousing and Storage Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Breakup by Types of Warehouses

5.5 Market Breakup by Ownership

5.6 Market Breakup by End-Use

5.7 Market Breakup by Region

5.8 Market Forecast

6 Market Breakup by Types of Warehouses

6.1 General Warehousing and Storage

6.2 Refrigerated Warehousing and Storage

6.3 Farm Product Warehousing and Storage

7 Market Breakup by Ownership

7.1 Private Warehouses

7.2 Public Warehouses

7.3 Bonded Warehouses

8 Market Breakup by End-Use

8.1 Manufacturing

8.2 Consumer Goods

8.3 Retail

8.4 Food and Beverage

8.5 IT Hardware

8.6 Healthcare

8.7 Chemicals

9 Market Breakup by Region

10 Global Warehousing and Storage Industry: SWOT Analysis

11 Global Warehousing and Storage Industry: Value Chain Analysis

12 Global Warehousing and Storage Industry: Porters Five Forces Analysis

13 Global Warehousing and Storage Industry: Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/7flt0.

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ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com

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It’s Official, Carly Rian Group is a Great Place to Work!

May 31, 2021 (Global News Distribution) -

Carly Rian Group (CRG) is proud to announce that we have been certified as a Great Place to Work®, after a thorough, independent analysis conducted by the Great Place to Work Institute® Canada.

Carly Rian Group (CRG) is proud to announce that we have been certified as a Great Place to Work®, after a thorough, independent analysis conducted by the Great Place to Work Institute® Canada. This certification is based on direct feedback from employees, provided as part of an extensive anonymous survey about their workplace experience and a review of our company culture.

CRG is committed to maintaining an inclusive, connected culture while continuing to navigate challenges brought on by the COVID-19 pandemic (“COVID”). Since the start of the pandemic, we focused on optimizing abilities to deliver in a virtual/remote operating model to drive employee and customer engagement. This is key to how we support our clients and how they engage, but also critical to how we ensure our own culture continues to drive value and engagement with our team.

Internally, we have focused on supporting our team members through COVID by closely listening to their needs and deploying technology and training to ensure we are increasing skills to optimize communication. As the pandemic has continued, we have developed programs to stay connected in a virtual world, including regular ‘all hands’ update meetings, online social activities (virtual cocktail hours), replacing our annual team celebration trip with a socially distanced alternative, catered holiday dinner to team member homes, and a firm-wide and individualized focus on mental health.

“Our culture and people have been, and will continue to be, our highest priority, and we are committed to supporting our team during this challenging time. Our greatest strength is our team.”

  • Rajeev Roy, Managing Partner

Nancy Fonseca, Senior Vice President of Great Place to Work® Canada, says that a great workplace is about the level of trust that employees experience in their leaders, the level of pride they have in their jobs, and the extent to which they enjoy their colleagues. “Our data shows that great workplaces benefit from stronger financial performance, reduced turnover, and better customer satisfaction than their peers. What’s more, work environments with trust at the foundation are ripe for innovation, agility, resilience and efficiency,” Fonseca said.

About Carly Rian Group

Carly Rian Group (CRG) is a management consulting firm focused on operations strategy, process improvement, and performance management. We work across numerous industries and domains with an emphasis on partnering with our clients to solve critical business problems. We remove barriers and optimize capabilities to collaboratively make a notable impact through building trust and engagement at every level of an organization. We advise, diagnose, design, implement and train. We activate strategic vision and goals; enable operational effectiveness, efficiency and scale; maximize technology investment and build capability to leverage people as a strategic asset.

About Great Place to Work®

Great Place to Work is the global authority on high-trust, high-performance workplace cultures. Through proprietary assessment tools, advisory services, and certification programs, Great Place to Work recognizes Canada’s Best Workplaces in a series of national lists including those published by The Globe & Mail (Canada) and Fortune magazine (USA). Great Place to Work provides the benchmarks, framework, and expertise needed to create, sustain, and recognize outstanding workplace cultures. Visit us at http://www.greatplacetowork.ca or find us on Twitter at @GPTW_Canada.

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Contact Author

KATHY THOMAS
Carly Rian Group
+1 6477293347
kathy.thomas@carlyriangroup.com
https://carlyriangroup.com/

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Metsi Transforms to Accelerate Customers’ Transition to a Digital World

May 31, 2021 (Global News Distribution) -

Metsi Technologies’ evolution to Metsi 2.0 amplifies its vision to adapt to the rapidly-changing markets its customers are servicing.

Leading global digital systems integrator Metsi Technologies today unveils its rebrand to introduce Metsi 2.0. With operations in the United Kingdom, United States, Germany, and The Netherlands, an expanded portfolio of offerings has been created to accelerate customer’s journey to digital maturity.

Says Metsi’s Global CIO, Ghufran Shah: “This enriched selection of offerings combining established and novel technologies demonstrate real value and outcomes for customers embarking on a journey of digital transformation.”

This new Metsi global brand expresses the company’s dedication to transforming IT through business agility and service innovation, making it easier for customers to define, deliver, manage, and consume secure services.

Rachael Babcock, CEO of Metsi US, states that “it is more important than ever that IT enterprises achieve digital maturity, whether it’s through continuous digital innovation, digital applications, hybrid multi-cloud adoption, or Anything-as-a-Service.”

“Metsi is dedicated to empowering customers and partners to accelerate their adoption of digital technologies to meet increasing global business demand quickly and efficiently, Babcock says. “We consistently deliver quicker time-to-use cases, and faster application deployment and migration times through our agile automation engineering,” she notes.

Forging responsive relationships

In an IT landscape that changed rapidly through 2020 and will continue to do so, Metsi is forging new relationships to complement its portfolio and strengthen the Metsi footprint across its Visibility and Insights, Automation and Intelligence and Application and Service Management Blueprint.

Able to source technologies aligned to its core business, Metsi’s ability to integrate with customers while bringing time to value will determine each strategic vendor relationship Metsi offers.

Steve James, Co-founder of Metsi Technologies, adds: “Our vision is to adapt to our customer’s ever-changing world, grow with our customers as a trusted advisor, and ensure customers and partners benefit from the innovation we bring to the industry.”

The company’s key focus is customer-centricity and capabilities to provide a path to digital maturity based on a Service-orientated architecture.

Change at the speed of digital

“We’re operating in a continually changing digital environment, and leaders delivering digital maturity solutions and services need to be agile and responsive,” says Mik Hillewaert, Global CEO Metsi Technologies.

“The rebrand is not merely cosmetic – it allows us to evolve with customer needs as they occur, so Metsi maintains its market-leading position in offering our customers the best in class digital maturity solution, every day for every client.”

Metsi Technologies’ evolution to Metsi 2.0 amplifies its vision to adapt to the rapidly-changing markets its customers are servicing. The introduction of the tree in our logo symbolises growth and fresh images of nature. The natural elements are a reflection of the Metsi 2.0 vision and culture to adapt, grow and benefit while providing a sustainable and profitable business to its staff and shareholders.

Says Shah: “The pandemic has reshaped the future of work, accelerating the move to the choice of Cloud, while ensuring Digital initiatives are accelerated, aligned to the business needs and strategy. Metsi is on a mission to help customers move beyond ‘the new normal’ into a ‘brave new world’ to support a digital workforce.

“We will walk alongside them in their accelerated adoption of digital technologies and enable strategic investment in XaaS with cloud technologies to ensure they adapt, grow and benefit from our expertise in helping to achieve their vision.”

Issued by TPW Agency and OZRA Media on behalf of Metsi Technologies

For More Information or Press Enquiries Contact : tam@tpwagency.co.za or oz@ozramedia.co.za.

Tamaryn Nicholson
Metsi Technologies
+27825633936 ext.
Website https://metsi.co
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Property Experts See Demand For Selling An Inherited Property Soar Amidst Probate Delays

May 30, 2021 (Global News Distribution) -

Property experts 321 Move have seen demand for selling an inherited property reach its peak since the end of the third UK lockdown.

Property experts 321 Move have seen demand for selling an inherited property reach its peak since the end of the third UK lockdown. This has led to subsequent delays in the probate process, adding even more stress to grieving relatives who are unable to take charge of an estate. This also leads to delays in settling bills and distribution of bequests.

In pre-covid times, the probate process would often take a matter of weeks. It is now common for families or executors to be waiting several months or more to sell property as part of the probate process.

The severe delay is a culmination of several factors as a result of the Covid-19 pandemic. A spokesperson for 321 Move explained: “A higher number of deaths, especially among the elderly, has sadly led to a sharp increase in families looking to complete the probate process. This, in addition to strict social distancing measures has meant an incredibly stressful time for many families; and that’s before we even consider the distress caused by the pandemic on daily life.”

Selling an inherited house is subject to huge delays due a huge increase in estate agents and surveyors to value the property and put it on the market. Furthermore, social distancing restrictions has caused difficulty for many to even visit the property in question.

A spokesperson for 321 Move continued: “One of the most common queries we receive is ‘how long does it take to sell a house through probate?’ We are currently seeing a backlog of up to 3-4 months. However, we are positive that the housing industry will begin to move in a positive direction and that as restrictions ease there will be more staff available to conduct surveys and in-person viewings.”

321 are house-buying experts with offices in Leeds and London.

For more information, visit 321move.co.uk.

With more than a decade of experience in the property sector with 321 MOVE, we pride ourselves on offering a professional, experienced, and cost-effective service across sales, maintenance, lettings and development.

Contact Information

Louise Newton
Green Gecko Digital
Leeds, West Yorkshire
United Kingdom
Voice: 07514439119
Website:Visit Our Website

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Amber Massey Discusses the Role Influencers Have on the Market

May 29, 2021 (Global News Distribution) -

Why Social Media Influencers Matter on the Market

Amber Massey is a social media influencer with a large community of followers. Through her organically grown platform, Amber Massey can highlight many products and services over the years. Amber explains that the role of an influencer has a more significant impact on the market than many may think, which is why it is crucial to know what to expect from these professionals.

Why Social Media Influencers Matter on the Market
Amber Massey knows that the role of the social media influencer has expanded dramatically in recent years. In the early years of social media and YouTube, these individuals likely had no more than a few hundred thousand followers and views on their videos. However, Amber Massey and other influencers now get millions of followers and views, meaning that their opinion is spread far and wide in many unexpected ways.

Amber Massey says that their opinions do influence those of their fans, no matter what skeptics may think. In a sense, influencers are much like television, movie, or sports stars in their spread and influence. However, they are often more trusted than other celebrities and reach a more niche market, meaning that their ideas and content may be spread to a particular economic segment.

As a result, Amber Massey believes that a successful influencer can cause a sudden increase in a product’s popularity or a sudden decrease. Many items have become incredibly popular after certain reviewers have highlighted them, mainly if their influence spreads to millions of viewers. If even half of these fans take an influencer’s advice and purchase or avoid a product or service, they shift the market dramatically.

Therefore, it is vital to take them seriously as a marketing tool and make sure that your products or services make it into their hands. Many companies send influencers free products to review, which is a wise choice for small companies. Even if you lose out on the sale, getting your product reviewed by a vast influencer will make sure that it spreads even further.

These benefits may be possible even if an influencer gives your product a mediocre or even poor review. Amber Massey has found that companies with products and services that she has provided very negative reviews still send her products to review because their sales go up, even with the negative criticism. Many companies even fix these issues with their products and send them back to the influencer for a second review.

This type of follow-up content is vast because it shows the buying market that a company cares about its opinion and is willing to do what it can to fix issues. In this way, an influencer can create massive movement in their niche, causing products to thrive or drop off the face of the Earth. This kind of marketing power and potential should not be ignored by companies who want to succeed in the always challenging world of focused SEO and digital marketing.

Sources
https://www.relevance.com/5-roles-influencers-can-play-in-a-content-marketing-strategy/

Amber Massey
themasseyspot
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Why Are Loan Officers Partnering With Groves Capital – The Fastest Growing Mortgage Company In The Country?

May 28, 2021 (Global News Distribution) -

In a crowded space, Groves Capital has carved out a unique platform that serves their clients with a hybrid lending model where they act as both broker and lender of 160 lending platforms. They have access to loans in residential and commercial, home equity, bridge loans, and fix and flip loans.

“If we can’t do it, no one can! We listen to our partners and if there is a lender out there that will help them facilitate their business, we will find them and add them. In this industry, you have to stay up with the trends and new products,” Groves Capital states.

Always one to respond to trends, Groves Capital took the changing workforce in light of the pandemic to allow both employees and clients to work virtually, from home, or from anywhere. From an employee side, Groves Capital allows their staff to work from the comfort of their own homes, ultimately allowing for a decrease in overhead, while still maintaining their exemplary level of service.

“The COVID environment grew the need for our type of model as people didn’t want to go back to their cubicle or office spaces. We built our company virtually from day one. We envisioned the shift in the industry and COVID just propelled us even quicker. We wanted to give our clients the best rates and compensate our loan officers with the most income. The low overhead allows us to be the best option for our borrowers and loan officers partners; it’s a win win!” Groves Capital remarks.

Groves Capital prides themselves on a proprietary back-end software that allows them to stay at the cutting edge of an industry that normally is very behind the times when it comes to technology.

“The focus for us has always been efficiency and simplicity in using systems to help our partnered Loan Officers to perform at the highest level possible. The more streamline the systems are, the more our partners can focus on driving more business to their pipeline,” Groves Capital says.

One of their biggest focuses moving forward is assisting and supporting clients in navigating poor credit getting in the way of them being able to owning a home. They are proud to offer creative options for self employed borrowers in particular.

“There are many people that don’t take the time to look at homes because of fear that they will not get loan approval. These people tend not to understand how finances work or how to make your situation work for you. The top two reasons people shy away from attempting to find a loan would be credit and type of employment,” Groves Capital says.

The most difficult part to learn for new borrowers is how to understand how credit works and how to best improve it.

“If you’re a first-time home buyer, having credit is important, which means having sources to create a credit history. When developing credit, financing a car, cell phone contracts and credit cards will give you credit history and score based on credit history, timely payments and credit balance compared to approved credit,” Capital Groves remarks.

With their expertise, Groves Capital is able to outline this insight, along with insight in a variety of other obstacles for their clients, especially first time borrowers.

“We focus on always having solutions for our clients to accomplish their goals with over 1,000 loan products and 160 lenders. Please reach out to have a loan consultation so we can help structure and suggest the best solution for your lifestyle and financial needs,” Groves Capital says.

To learn more, click here.

CONTACT:
Paula Henderson
561-768-4444
phendersonnews@gmail.com

SOURCE: Groves Capital

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9 tips to create more SEO-friendly content [Infographic]

May 23, 2021 (Global News Distribution) -

“Successful SEO is not about cheating Google. It’s about “collaborating” with Google to provide users with the best search results. ”

Google’s search algorithms are always evolving, and for those who create branded content, it’s important to understand the key elements that play out there, to adapt to these essential SEO considerations, while also being optimal for your readership. .

And while, as noted in the quote above, it’s not about ‘misleading’ the algorithm, you can, by including at least some of these elements, help improve your search rankings, without ultimately like ‘ a robot to sound.

To help with this, the team of Grazitti Interactive has compiled this list of tips to create more SEO-friendly content.

View the full infographic below.

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Cold Calling is Still a Sales Rep’s Best Kept Secret

May 23, 2021 (Global News Distribution) -

Cold calling has been the subject of a never-ending debate about whether this lead generation strategy is ‘dead’ and no longer effective. While having been a tried and true method of generating new sales for many businesses, a majority of sales representatives and account executives feel it takes a lot of work and is not worth the time invested. However, top sales professionals swear by using cold calling as their best strategy of choice.

Sales representatives making cold calls from the office. Image Credit: 123rf.com / Wavebreak Media Ltd.

What is Cold Calling?

Cold calling is a telemarketing strategy where sales reps make unsolicited phone calls to potential customers. By making a cold call, the goal is to engage with the person called, tell them about the product, service, or campaign that is being promoted, and get them to commit to a sale.

Sounds easy in theory, however, many sales reps and account executives run the other direction at the thought of having to make cold calls. They choose to use cold email marketing, or Linkedin messages, and other forms of lead generation to wait for prospects to call them.

How Uber Became a Household Name, All from Cold Calling

One of the hottest tech companies for years, may not have become the unicorn tech company it has today if it was not for cold calling. Uber’s cold calling success was highlighted in the article “From Cold Call to $17 Billion Startup: How Uber Got Started With Sales Calls.”

“I’ve said it before. Startups should pick up the phone and call. It turns out one of the core pillars of Uber’s success in getting started and validating their idea was good old-fashioned cold calling. Picking up the phone and dialing. True salesmanship,” said Steli Efti, Founder of Close.com.

“I went to Google, typed in San Francisco chauffeur or San Francisco limousine, I just filled out an excel sheet and I just started dialing for dollars, right? First ten guys I called, three of them hung up before I got a few words out, a few of them would listen for like 45 seconds and then hung up, and three of them said I’m interested, let’s meet. And if you’re cold calling and three out of ten say let’s meet, you’ve got something,” said Travis Kalanick, Co-Founder and former CEO of Uber Technologies Inc. speaking on the success of Uber’s cold calling campaigns.

How to Make a Cold Call: 6 Cold Calling Tips

Masterclass.com penned an article titled “How to Make a Cold Call: 6 Cold Calling Tips” to teach and train sales reps how to make cold calls. They created six useful cold calling techniques sales reps can use to optimize efforts and see results quickly.

  1. Do your research.
  2. Prepare for rejection.
  3. Know exactly what you want.
  4. Think about the kind of call you’d want to receive.
  5. Leave voicemails strategically.
  6. Follow up.

See the full cold calling article on Masterclass.com.

Cold Calling was discussed in Issue #142 of Contact Finder magazine. Image Credit: Contact Finder.

About Campaign Writer™:

Campaign Writer™ is a leading sales and marketing copywriting firm working with Top Companies, Professionals, Executives, and Leaders in their field, to help increase sales and revenue through its content writing Team of Award-Winning Copywriters, Wordsmiths, and Ghostwriters for sales, marketing, public relations, direct response, and email marketing campaigns. Campaign Writer is led by Chief Strategy Officer Marty Stewart.

For a strategic exploratory conversation on how your company can increase sales, visit https://CampaignWriter.com. Or, call toll-free +1-877-463-9777 within the United States, or +1-702-997-1222 if calling Internationally.

SOURCE: Campaign Writer

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Latest Research by GoodFirms Unveils 6 Instagram Marketing Trends of 2021 for Small Business

May 21, 2021 (Global News Distribution) -

GoodFirms unveils the winning Instagram marketing strategies of 2021 for small businesses.

Types of Instagram Posts for Brand Awareness_GoodFirms

In this modernized tech world, everybody knows how beneficial the internet and digital platforms are. Digital marketing allows several businesses to compete with their competition by exposing their products and services to reach a wider audience, grow the business to the next level and generate more revenue.

Today, many organizations and businesses are approaching the Top Digital Marketing Companies to help them execute innovative strategies to boost ROI, build brand reputation, and most cost-effective ways to market the business. Digital marketing is categorized into several promoting methods for business, such as Social Media Marketing (SMM), Search Engine Optimization (SEO), Search Engine Marketing (SEM), Content Marketing, and much more.

GoodFirms

Most people are more active on social media these days. That’s why businesses prefer social media marketing techniques to accomplish their advertising goals, nurture customer relationships, drive more sales, etc. SMM allows the companies to create profiles on several social platforms as channels for brand promotion, target audience by creating unique content and promoting it.

Currently, businesses are choosing Instagram as the best social media platform to engage with more audiences, inform them about special offers, etc. Large companies are using Instagram to enhance their customer’s trust and boost loyalty. Small businesses are using Instagram to gain more exposure, augment their marketing with photos, and creative content, utilizing marketing features on Instagram, and more.

GoodFirms has recently done a thorough study on Instagram marketing trends for 2021 to help the small businesses meet the marketing tactics such as types of Instagram posts to increase brand awareness, the optimum numbers of posts, and hashtags on Instagram, and trends to follow in 2021.

GoodFirms surveyed “6 Instagram Marketing Trends of 2021 For Small Businesses” by interrogating 261 marketing experts to recognize the Instagram marketing trends for 2021. So that the small businesses keep proliferating, generate sales, leads, and more via Instagram.

GoodFirms is an internationally acknowledged B2B research, ratings, and reviews platform. It builds a bridge to connect the service seekers and the most excellent service providers. Here the service seekers can pick the right partner from the evaluated list that fits in their budget and project needs.

The analyst team of GoodFirms conducts a scrupulous assessment based on various parameters. It includes three vital criteria that are Quality, Reliability, and Ability. These elements are categorized into several metrics such as to determine the past and present portfolio, experience in their domain areas, online market penetration and reviews received by the clients.

Focusing on all these overall research methodologies, GoodFirms index the best software, top development companies, and other agencies from diverse sectors of fields. Recently, GoodFirms has revealed the list of Top Social Media Marketing Companies after assessing them with various research factors.

Furthermore, GoodFirms supports the service providers by asking them to take part in the research process and present their portfolio. Hence get an opportunity to get listed in the catalog of top companies, best software, and other organizations from other sectors of industries. Embarking the presence among the list of top companies at GoodFirms will help you expand your business globally, increase productivity and earn good profit.

About GoodFirms:
GoodFirms is a Washington, D.C. based research firm that aligns its efforts in identifying the most prominent and efficient digital marketing companies that deliver results to their clients. GoodFirms research is a confluence of new age consumer reference processes and conventional industry-wide review & rankings that help service seekers leap further and multiply their industry-wide value and credibility.

Get Listed with GoodFirms

Rachael Ray
GoodFirms
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Payway Partners with PAAY to Offer eCommerce Merchants Additional Fraud Protection with PAAY 3-D Secure

May 18, 2021 (Global News Distribution) -

Partnership Brings eCommerce and Subscription Companies Enhanced Protection

Payway®, an integrated payment processing solution, announced today that it has partnered with PAAY, a leading consumer authentication service for merchants. The partnership will add PAAY’s EMV 3-D Secure (3DS) to Payway’s gateway payment processing solution to reduce the risk of fraudulent eCommerce transactions. Certified by Visa, American Express, Discover, and MasterCard, PAAY’s solution helps merchants increase approval rates, reduce fraudulent chargebacks, and stay compliant with global mandates.

The partnership will now allow Payway to offer eCommerce and subscription businesses a simple, straightforward solution for merchants to reduce the risks and costs associated with payment processing. With PAAY’S 3-D Secure, eCommerce merchants can authenticate cardholders before the transaction is sent for processing and, as a result, the chargeback liability is shifted off the merchant account and onto the card issuer.

“Payway continues to enhance its award-winning payment solution through partnerships and native development. By partnering with PAAY, we can offer eCommerce businesses a payment gateway with the benefits of 3-D Secure and protection,” said Dan Nadeau, principal owner, Payway. “The pandemic ushered in a new era of online commerce and significant global changes. With this also came greater risk for false declines, fraud and abuse. A partnership with PAAY will help prepare and safeguard organizations, while still allowing customers to have a great experience shopping online.”

The partnership with PAAY provides multiple benefits for eCommerce companies when they choose to use Payway’s Payment Processing tool, including being PSD2/SCA compliant and compatibility with other fraud solutions. The “click-to-pay” solution takes advantage of EMV 3-D Secure, designed to make eCommerce payment processing more secure in real-time by providing an additional layer of security. It enables the exchange of data between the merchant, card issuer and when necessary, the cardholder to validate that the transaction is being initiated by the rightful owner of the account.

PAAY’s EMV 3-D Secure sits between the shopping cart and the gateway, authenticating transactions in real-time with absolutely no lag. Distinct from fraud prevention tools, suspicious transactions will not be declined. All transactions go through as normal providing 100% frictionless commerce that does not interrupt the customer experience at the checkout. Everything happens in the background with no impact on the customer experience.

“Merchants can expect to see a 90% reduction in fraudulent chargebacks, if not greater. Reducing the risk of fraud is critical to the industry as we watched eCommerce sales increase by over 30% in 2020*,” said Yitz Mendlowitz, CEO, PAAY. “By eliminating unnecessary chargebacks, we are saving business owners time and money. It’s not just the cost of the chargeback itself – it’s time spent disputing, the chargeback fee from the processor, shipping. The cost of a chargeback is so much more than the chargeback itself.”

According to the 2020 LexisNexis Risk Solutions True Cost of Fraud Study**, it is estimated that the total amount of costs related to fees, interest, merchandise replacement and redistribution per dollar of fraud for which the merchant is held liable—shows fraud now costs companies $3.36 for every dollar in fraud chargebacks.

“We’re always working to ensure merchants can provide their customers a frictionless and secure payment experience without risking their own bottom line. PAAY shares many of the values we do – commitment to customer satisfaction and providing more for less. Like us, they cater to ecommerce and subscription companies and are incredibly approachable. Pairing our respective solutions to deliver an enhanced offering was an easy decision to make.” Kimberly Miller, vice president, Business Development

About Payway

Payway is a proven payment service provider that helps card-not-present and subscription businesses simplify and accelerate transaction processing leading to improved cash flow and significantly lowering the costs associated with accepting recurring payments.
Payway has decades of experience in managing card-not-present payments and provides their customers the most up-to-date security features. Payway built their user-friendly payment processing solution to be responsive to the needs of organizations who operate a recurring payment business model, like the many publishing and media companies they’ve served since 1984. For more information, visit payway.com

About PAAY

PAAY is a leading innovative consumer authentication service for merchants that is simple, secure, and seamless to implement. PAAY’s frictionless EMV 3-DS solution empowers eCommerce merchants to grow their business securely by increasing authorization rates and eliminating friendly fraud while meeting all network security and compliance needs. PAAY’s mission is to give merchants choice and control of their destiny. To learn more visit PAAY.co

** https://risk.lexisnexis.com/insights-resources/research/2020-true-cost-of-fraud-retail

Contact Author

ERIN K FARRELL-TALBOT
Farrell Talbot Consulting
+1 9172329309
SAMANTHA MARTIN
PAAY
646-847-3123
Website: https://www.payway.com/

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