Three things we saw at MRC Vegas 2023 and three things we wish we had seen.
MRC Vegas is the Merchant Risk Council (MRC)’s biggest annual event. From March 6-9, MRC Vegas 2023 welcomed over a thousand merchants, solution providers, and other industry stakeholders to network, learn, and share the latest around payments and fraud management. PayPal was there again this year: showcasing our flexible, end-to-end payments platform powered by Braintree and taking the stage during the opening Keynote, in a session on The Rise of Alternative Payment Methods (APMs), and in the show floor demo theater.
There’s always a real buzz at these events, as industry stakeholders get together to share stories and learn about the hottest emerging trends in payments and fraud prevention. Here are our top takeaways from the show.
The surge of online sales we saw from three years of pandemic-era ecommerce growth does not appear to be slowing, and retail e-commerce sales are predicted to exceed $8 trillion by 2026, and then rise another 10% by next year.1
However, macro-economic uncertainty over the past year has presented new challenges for merchants in the months ahead, with rising interest rates and high inflation leading business to make managing costs a top priority. Merchants are now looking for new ways to optimize their payments stack and reduce transaction expense. Economic pressures also lend a greater urgency to tackling fraud and chargeback losses.
Against this backdrop, we spotted three key trends at MRC Vegas 2023:
We really enjoyed the discussions, panels, and happen-stance interactions that an event like MRC Vegas 2023 can bring. We’d love to see some of these topics explored in more depth next year:
To find out more about what PayPal is doing to help customers better manage fraud risk and minimize transaction costs, please visit https://www.paypal.com/us/enterprise/accept-payments.
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