(By Balaseshan) Digital River Inc. (NASDAQ: DRIV) said it has signed global payments agreement to provide European payment services for headphones and audio accessories developer Skullcandy Inc. (NASDAQ: SKUL).
Skullcandy is using the Digital River World Payments solution to build a localized European e-payments program. Based on the agreement, Digital River will provide locally-preferred payment options for Skullcandy's online stores in Belgium, France, Germany, Italy, Luxembourg, the Netherlands, Spain and the UK.
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In a recent survey commissioned by Digital River, a group of international senior decision makers from several high-tech markets identified some of their most significant global e-business challenges.
The results found that only about half of the companies surveyed have fully localized e-commerce basics, including payment options, for the online markets they serve.
The survey echoed what Digital River hears from companies of all sizes as they prepare to enter the global online marketplace. Building, managing and growing an online operation on a global basis is a costly, time intensive and complicated proposition.
The Digital River World Payments solution offers relevant payment options in nearly every country and over 170 transaction and display currencies. The solution features a wide range of customizable services for managing the complete payment lifecycle.
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These services, which work through a single payments connection, include checkout page optimization, multi-variate testing, real-time fraud detection, solutions to manage PCI exposure and currency risk, as well as advanced back-office reconciliation services and business intelligence tools.
Digital River provides end-to-end global cloud-commerce and marketing solutions to a range of companies in software, consumer electronics, computer games, video games and other markets.
DRIV is trading down 0.21% at $14.10 on Monday, while SKUL trades down 1.10% at $8.09.