Hear the stories, learn the proven methods, and accelerate your growth and future through entrepreneurship. Welcome to The Foundr Podcast with Nathan Chan. About the show: For over a decade, The Foundr Podcast with Nathan Chan has been a leading entrepreneurship podcast for open-book conversations with, by, and for founders. Whether you're starting, building, or dreaming about your business, The Foundr Podcast is where you can access experienced founders who've been in your shoes to learn th ...
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Content provided by Dialogue [London] Ltd. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dialogue [London] Ltd or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
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Tackling the Checkout Exodus: MasterCard's Innovation Against Abandoned Carts | Simon Forbes
Manage episode 471811084 series 2523033
Content provided by Dialogue [London] Ltd. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dialogue [London] Ltd or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Episode Summary: In this episode, Clayton M. Coke explores the issue of 36 million abandoned online shopping carts in 2024 with Simon Forbes from MasterCard UK. They discuss the reasons behind cart abandonment, focusing on security, payment choice, and user friction, and delve into MasterCard's response with the Click to Pay technology.
Key Discussion Points:
- Understanding Cart Abandonment: Insights into why 67% of consumers abandoned their checkout in 2024, with a focus on security concerns and process friction.
- MasterCard's Role: Overview of Simon Forbes' responsibilities at MasterCard, emphasizing innovation in payment solutions.
- Click to Pay Solution: How this new payment method reduces the need for manual card entry, enhances security, and streamlines the checkout process.
- Consumer Data & Preferences: Examination of consumer behavior through the Three Gem Survey, revealing preferences for less data entry and more secure transactions.
- Future of Payments: Discussion on MasterCard's commitment to phasing out manual card entry by 2030, alongside advancements like tokenization and biometrics.
- Business Impact: How small and large businesses can benefit from adopting Click to Pay for better conversion rates and security.
Notable Quotes:
- "Nobody thinks about payment processes; they think about what they're buying. But payment can be the difference between a sale completed or lost." — Simon Forbes
- "Click to Pay is like contactless for online shopping; it's all about less friction and more security." — Simon Forbes
Actionable Insights for Businesses:
- Implement Click to Pay to enhance customer experience and reduce checkout abandonment.
- Focus on security and ease of payment to build consumer trust.
- Keep abreast of payment technology trends to stay competitive.
Resources:
- MasterCard Website: For more on Click to Pay and payment innovations.
The Cashflow Show can be reached here:
Website: www.thecashflowshowpodcast.com
Twitter: https://twitter.com/thecashflowshow
Instagram: https://instagram.com/thecashflowshowpodcast
Support us via our sponsored & affiliate links
Our Buy Me A Coffee Link | buymeacoffee.com/thecashflowshow
Our Patreon Link | https://www.patreon.com/TheCashflowShowPodcast
Our Ko-fi Link | ko-fi.com/thecashflowshowpodcast
V1CE Sustainable Business Cards | https://v1ce.co/?ref=b13m2858so
To sponsor or advertise on The Cashflow Show Podcast, contact us at [email protected]
Clayton M Coke can be found here:
LinkedIn: https://uk.linkedin.com/in/claytoncoke
Website: https://www.prmsltd.co.uk
Email: [email protected]
Twitter: https://twitter.com/prmsltd
Instagram: https://www.instagram.com/prmsltd/
Our theme music is called "The Mediator - aka Theme from The Cashflow Show" [PRS] and "Better Call Clayton" [PRS]
As an Amazon Associate I earn from qualifying purchases.
“What are YOU like?” & “60 Second Shoot-out” are both intellectual properties of Dialogue [London] Ltd
(c) Clayton M Coke/PRMS Ltd/Dialogue [London] Ltd | All Rights Reserved
★ Support this podcast ★121 episodes
Tackling the Checkout Exodus: MasterCard's Innovation Against Abandoned Carts | Simon Forbes
The Cashflow Show: Entrepreneurship Insights for Founders, CEOs and Business Leaders
Share
Manage episode 471811084 series 2523033
Content provided by Dialogue [London] Ltd. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dialogue [London] Ltd or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.
Episode Summary: In this episode, Clayton M. Coke explores the issue of 36 million abandoned online shopping carts in 2024 with Simon Forbes from MasterCard UK. They discuss the reasons behind cart abandonment, focusing on security, payment choice, and user friction, and delve into MasterCard's response with the Click to Pay technology.
Key Discussion Points:
- Understanding Cart Abandonment: Insights into why 67% of consumers abandoned their checkout in 2024, with a focus on security concerns and process friction.
- MasterCard's Role: Overview of Simon Forbes' responsibilities at MasterCard, emphasizing innovation in payment solutions.
- Click to Pay Solution: How this new payment method reduces the need for manual card entry, enhances security, and streamlines the checkout process.
- Consumer Data & Preferences: Examination of consumer behavior through the Three Gem Survey, revealing preferences for less data entry and more secure transactions.
- Future of Payments: Discussion on MasterCard's commitment to phasing out manual card entry by 2030, alongside advancements like tokenization and biometrics.
- Business Impact: How small and large businesses can benefit from adopting Click to Pay for better conversion rates and security.
Notable Quotes:
- "Nobody thinks about payment processes; they think about what they're buying. But payment can be the difference between a sale completed or lost." — Simon Forbes
- "Click to Pay is like contactless for online shopping; it's all about less friction and more security." — Simon Forbes
Actionable Insights for Businesses:
- Implement Click to Pay to enhance customer experience and reduce checkout abandonment.
- Focus on security and ease of payment to build consumer trust.
- Keep abreast of payment technology trends to stay competitive.
Resources:
- MasterCard Website: For more on Click to Pay and payment innovations.
The Cashflow Show can be reached here:
Website: www.thecashflowshowpodcast.com
Twitter: https://twitter.com/thecashflowshow
Instagram: https://instagram.com/thecashflowshowpodcast
Support us via our sponsored & affiliate links
Our Buy Me A Coffee Link | buymeacoffee.com/thecashflowshow
Our Patreon Link | https://www.patreon.com/TheCashflowShowPodcast
Our Ko-fi Link | ko-fi.com/thecashflowshowpodcast
V1CE Sustainable Business Cards | https://v1ce.co/?ref=b13m2858so
To sponsor or advertise on The Cashflow Show Podcast, contact us at [email protected]
Clayton M Coke can be found here:
LinkedIn: https://uk.linkedin.com/in/claytoncoke
Website: https://www.prmsltd.co.uk
Email: [email protected]
Twitter: https://twitter.com/prmsltd
Instagram: https://www.instagram.com/prmsltd/
Our theme music is called "The Mediator - aka Theme from The Cashflow Show" [PRS] and "Better Call Clayton" [PRS]
As an Amazon Associate I earn from qualifying purchases.
“What are YOU like?” & “60 Second Shoot-out” are both intellectual properties of Dialogue [London] Ltd
(c) Clayton M Coke/PRMS Ltd/Dialogue [London] Ltd | All Rights Reserved
★ Support this podcast ★121 episodes
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Similar to The Cashflow Show: Entrepreneurship Insights for Founders, CEOs and Business Leaders
Hear the stories, learn the proven methods, and accelerate your growth and future through entrepreneurship. Welcome to The Foundr Podcast with Nathan Chan. About the show: For over a decade, The Foundr Podcast with Nathan Chan has been a leading entrepreneurship podcast for open-book conversations with, by, and for founders. Whether you're starting, building, or dreaming about your business, The Foundr Podcast is where you can access experienced founders who've been in your shoes to learn th ...
…
continue reading
Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
…
continue reading
Big tech is transforming every aspect of our world. But how, and at what cost? This season of Land of the Giants – The Disney Dilemma – focuses on Disney’s ability to weather the ups and downs of the business cycle and changing tastes and explores what has kept it successful for over 100 years. The entertainment giant has leveraged nostalgia and its intellectual property to build a beloved brand, but after an acquisition spree that included Marvel, Lucasfilm, and 20th Century Fox, can it sus ...
…
continue reading
The fun email marketing podcast. Sell more of your online courses, grow your membership and bring in more coaching clients with email marketing that doesn't stink. Sound good? Then join your fellow Email Marketing Heroes for your weekly dose of fun, practical, yet brutally honest email marketing advice. You can listen in to a piping hot, fresh episode every 'Email Marketing Wednesday' or if you prefer learning with your eyes instead of your ears, we turn each episode into a full written blog ...
…
continue reading
Behind every successful business, there’s a story you don’t hear—the sleepless nights, the moments of doubt, and the determination to keep going when everything feels impossible. That’s what Unbreakable Business is all about. Join host Akua Konadu each week as she sits down with entrepreneurs who share the raw, real side of their journey—the roadblocks they faced, the challenges they overcame, and the stories that don’t make the highlight reel, but the the ones that matters the most. If you’ ...
…
continue reading
Career & Life Journeys: Hosted by Adam Posner, he interviews top experts, entrepreneurs, and thought leaders from the world of Entrepreneurship, Talent Acquisition, Personal Growth, and other world-class amazing humans to decode their success via their insights into their own career journeys and personal growth. The goal of #thePOZcast is to showcase amazing humans who share their stories to inspire you to harness your inner tenacity to drive your life and career forward. Adam Posner is the ...
…
continue reading
Stephan Piscano founder of The Real Estate Networking Group the largest real estate group online interviews experts in real estate, finance, sports, motivation and more as we use common sense concepts to give investors insights on financial markets and have a lot of fun talking sports, politics and business motivation as well!
…
continue reading
Welcome to the What’s Next! Podcast. I’ve met so many brilliant people as I traveled the globe and have had some fascinating conversations that I’ve wished had been recorded so I could share them with you - this podcast was a way for me to recreate those moments and let you in on some fantastic insights. My current conversations center around one objective: what's next for companies and individuals as they look to innovate and grow. I hope these conversations inspire you as much as they have ...
…
continue reading
The Life of And podcast is for high-achieving women and working parents who are ready to stop living a life of “have to” and start designing a life they actually want. It’s a space where we talk honestly about the things we’re often afraid to admit — even to ourselves. The exhaustion. The ambition. The loneliness. The joy. The tension of wanting more without losing yourself in the process. If you’re in the thick of it — feeling stretched, tired, hopeful, driven — this is your invitation to t ...
…
continue reading
Interesting stories from today’s franchisors and entrepreneurs.
…
continue reading
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