Digital River World Payments and Javelin Strategy & Research Announce 4th Annual Online Retail Payments Forecast, 2011-2016
MINNEAPOLIS — Dec. 14, 2011 — Digital River, Inc. (NASDAQ: DRIV), a leading provider of global e-commerce solutions, announced the publication of the 4th Annual Online Retail Payments Forecast, 2011-2016, the latest research report from Javelin Strategy & Research. The report provides a forecast of U.S. e-commerce market growth and analyzes the increase of traditional and alternative online payment options. Sponsored by Digital River, the report is available at www.digitalriverpayments.com, the website featuring the Digital River® World Paymentsâ„¢ solution, or at www.javelinstrategy.com.
The report identifies three key drivers that merchants can consider when determining the appropriate online payment option mix. The drivers include:
- Regulatory changes, such as recently implemented caps on debit interchange fees fostered by the so-called “Durbin Amendment;”
- Consumer attitudes about payments security, which can affect purchase behavior; and
- The influence of social networks, online gaming and mobile channels.
“Merchants who wish to increase consumers’ conversion should consider promoting the additional security benefits supported by alternative online payments to help assuage consumers’ e-commerce fears,” said Beth Robertson, CCM, director of payments research at Javelin Strategy & Research. “This will become especially important due to the rising popularity of virtual e-commerce channels, including commerce conducted on social networks, within games and with virtual currencies.”
“Global merchants can use this data from the U.S. market to identify opportunities to improve their international payment programs,” said Souheil Badran, senior vice president and general manager of Digital River World Payments. “Security concerns, for example, are not exclusive to online shoppers in the U.S. They can affect the payment option preferences of consumers in emerging markets, like Russia and China, as well. We have seen merchants increase their conversion rates in global markets significantly by adding alternative payment options that are aligned with regional preferences.”
Digital River World Payments offers relevant payment options in more than 190 countries and over 170 transaction and display currencies. The solution features a wide range of customizable services for managing the complete payment lifecycle. These services, which work through a single payments connection, include checkout page optimization, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools. To learn more about Digital River World Payments, visit www.digitalriverpayments.com and Twitter.
About Javelin Strategy & Research
Javelin Strategy & Research is the leading provider of quantitative and qualitative research focused on the global financial services industry. The company’s extensive quantitative data and deep analyst experience enable them to forecast the direction of the financial services market and make recommendations that empower businesses to succeed. To learn more, visit www.javelinstrategy.com.
About Digital River, Inc.
Digital River, Inc., a leading provider of global e-commerce solutions, builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel e-commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running an e-commerce operation. The company’s comprehensive platform offers site development and hosting, order management, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Founded in 1994, Digital River is headquartered in Minneapolis with offices across the U.S., Asia, Europe and South America. For more details about Digital River, visit the corporate website, call +1 952-253-1234, or follow the company on Twitter.
In addition to the historical information contained herein, this press release contains forward-looking statements, such as statements containing the words, “will,” “plans,” “intends,” “expects,” and similar words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Digital River, or industry results, to differ materially from those expressed or implied by such forward-looking statements. Such factors include, among others: Digital River’s operating history and variability of operating results; competition in the electronic commerce and payments markets; the ability of Digital River to provide global payment services; the market’s acceptance of such offerings; and other risk factors referenced in Digital River’s public filings with the Securities and Exchange Commission.
Digital River is a registered trademark of Digital River, Inc. All other company and product names are trademarks, registrations or copyrights of their respective owners.
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