When it comes to B2B payments, having just one payment rail will not suffice in resolving every stage of friction. It has been proven through research that adopting multiple rails of payments can actually spur revenue. Payment rail innovation is being seen in both FinTech suppliers and corporates to alleviate friction in employee payroll, invoice payments, and card acceptance. Multiple...
Real-time payments or (RTP) has become the latest catchphrase in the payment industry. It’s growth in popularity is attributed to its ability to provide speed, safety, as well as convenience. RTP has a lot to offer. It makes funds available immediately, the settlement is finalized, there is an instant confirmation, and “integrated information flows”. All this is included with the...
The COVID-19 pandemic has hit many industries in profound ways. Due to the lockdowns and social distancing efforts, many health care providers have seen a dramatic drop in patients, translating into diminishing bottom lines. What this pandemic has also revealed is that the “fee-for-service” payment model is actually harming providers. Hospitals alone are reportedly losing $40 billion each month in...
Released in February 2020, “The Future of Unattended Retail Report”, a study conducted by both PYMNTS.com and USA Technologies, Inc., provides an in-depth analysis of findings based on a survey of over 2,000 U.S.-based consumers. The quest was to find out what were the shopping experiences of these customers using the unattended retail channels and their desire to continue utilizing...
According to the 2020 American Express Digital Payments survey, 58% of customers who had previously utilized contactless payments reported they are just as inclined to use them now more than ever before. The survey clearly demonstrates that customers are doing whatever they can to avoid contact during the Covid-19 pandemic. Since this trend shows no sign of dissipating, merchants are...
According to The Payer’s “Payment Methods Report 2019”, it was found that 86 percent of customers use both their credit cards and debit cards to make their online purchases. When it comes to making a purchase, more than 60 percent claimed that this same method was their preferred form of payment. The primary goal behind payment gateways is to make...
With vape shops popping up all over the country and in more and more towns, it’s probably not surprising that the demand for vape merchant services is on the rise. And this trend won’t be slowing down any time soon. In fact, industry experts and researchers have estimated that the vape industry will easily be worth over $8.26 billion by...
So, you have created an innovative, high-quality CBD product and you’re ready to bring it to the market. After testing for safety and compliance, you’re now ready to create the label. You’ve put together a list of profound benefits, but are unsure of what you can say and what you cannot say. Of course, you want your product’s unique selling...
Unfortunately, when looking for credit card processing for your adult entertainment business, you may hit a snag: traditional providers may inform you repeatedly that they don’t work with the sector you’re a part of. In all honesty, the adult entertainment industry does come with reputational risk and chargeback issues traditional financial institutions do not wish to be linked to. So,...
With six-months of uncertainty and instability due to the Coronavirus under our belts, there does not seem to be a light at the end of the tunnel. At least, not yet. The changes that have ensued, with mandatory closings and social distancing, has predictably impacted brick and mortar businesses. Those that did survive have moved strategically online. Consumers, terrified of...
