Attackers are still focusing their efforts on Magento, the ecommerce platform, as a way of obtaining credit card information from shoppers. The latest attack is a malicious function that has been embedded into one of the platform’s modules, so that it can be used to steal credit card information. Read more
AI could be the next big thing in the world of ecommerce. It is hoped that AI will achieve something that loyalty programs have been trying to do for many years – building customer loyalty by developing an understanding of the needs of individual customers.
AI has managed to make its way into many aspects of our lives, and there are even toys for kids that have rudimentary AI systems in them. However, it’s not just “smart” devices that are having an impact. Today, AI is becoming a tool for customer service too, and more and more companies are using AI to try to figure out what to sell to you, and how to support your shopping habits.
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Visa has updated its Verified by Visa service to bring it up to date with the new era of e-commerce. The changes to Verified by Visa and the associated Three-Domain Secure service mean that it will be even more secure. It will also be more convenient, not just for customers, but for financial institutions as well.
Speaking at the Internet Retailer Conference and Expo earlier this summer, Magento Commerce announced that 31% of medium-to-large ecommerce companies use Magento for their online stores. That makes Magento more popular than any other vendor, including large ecommerce providers such as Hybris and Demandware. Magento now powers more than one quarter of all of the ecommerce sites listed in the Alexa top one million, too.
In a bizarre reversal of the traditional story, digital-born businesses are now taking to physical retail, looking to harness the concept of the ‘experience economy’, in a bid to grow their audience. Traditionally online companies such as Warby Parker, an eyeglass retailer in the United States, are opening bricks and mortar branches to allow consumers to try their products in person.
The ecommerce market in the UK is the largest of all the European markets. It is set to reach £90 billion by 2020; up from £60 billion last year. While the ecommerce market is growing, the way in which consumers pay for things is also changing.
The Payment Services Directive 2 (PSD2) is set to come into force in the UK in two years’ time, and it is going to make a significant difference to retail and commercial banking. New payment categories are being introduced, including the AISP (Account Information Service Provider) and the PISP (Payment Initiation Service Provider). These new categories will change the way in which consumers interact with third parties and with banks.
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Following the news of ransomware attacks which were apparently targeting Magento-powered websites, the developers of the ecommerce platform have released patches to protect against the malware, and have also removed an extension which they are concerned may have provided the malware developers with an attack vector.
Magento 2.0 was released last year, and while those in the development and service provider areas of the ecommerce industry have been talking a great deal about it, when it comes to store owners, the platform has been all but ignored. From the perspective of users, it seems as though Magento 1.9.x “works”, so they’re reluctant to go through the upheaval of rolling out a new platform.
In the UK, almost half of all ecommerce purchases are now made on mobile devices, with the top platform being the iPhone – ahead of the iPad.
These statistics come from performance marketing technology firm, Criteo, which found that 48.9% of all ecommerce transactions in the first quarter of 2016 were made on phones or tablets – up from 43% for the same time period last year.
Magento 2 has been publicly available for a while now, and it’s clear that out of the box it offers some significant performance improvements over Magento 1.9.x. What many people don’t, however, realise is just how much more performance you can get out of the platform if you use the right hosting configuration.
We hear a great deal about the use of Magento as a B2C ecommerce platform, but over the last few months the developers of Magento have put a lot of effort into targeting a whole new sector. The way in which B2B purchasers operate is changing, and companies that operate in the B2B space will need to adapt if they want to remain competitive.
According to a recent study conducted by SimilarWeb, 65% of the ecommerce traffic in the UK came from mobile devices in January; the greatest percentage of mobile traffic for any of the countries in the study, beating even the US and India. However, while two thirds of ecommerce traffic is coming from mobile devices, this doesn’t necessarily mean that mobile is the most important platform.
The launch of Magento 2.0 has raised a lot of questions about the future of ecommerce. Is this new platform worth migrating to? Are there any benefits to upgrading from 1.9.x, given the potential teething problems and the lack of certain extensions and themes? What does the platform have to offer to someone who is currently deeply invested in a different ecosystem?
Magento 2.0 has been out for a while now, and it is offering brand owners, retailers and businesses the chance to deliver fast and cost-effective omni-channel shopping experiences for their customers. When Magento 2.0 was first released, many retailers were reluctant to make the leap from Magento 1.x to Magento 2.0, because of concerns about extension compatibility, themes, and the lack of certain features.
Magento continues to be the target of hackers; this time they are trying to exploit people who have not yet patched certain vulnerabilities, and asking them to install a fake patch.
The fake patch is being promoted in relation to a real vulnerability known as the Shoplift Bug. This bug has a real patch, SUPEE-5344, which was released almost a year ago. However, there are a large number of sites that have not yet installed the patch, and this means that attackers have the potential to compromise thousands of Magento online stores.
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