Since the COVID-19 lockdowns began, shopping habits have changed dramatically. Consumers are turning to online shops to purchase everyday items like groceries, medications and other basic supplies that people would normally purchase at their local, physical store. The uncertainty around the situation has also led to panic buying and larger volume purchases than previously seen before the pandemic. This has...
One of the best ways to ensure your business maintains an advantage over its competitors is to offer as many payment processing options as possible, including echeck payments. However, this is not always an easy task for some merchants. Those considered high risk struggle to secure payment processing in general; banks and traditional financial institutions are simply too wary of...
Recurring payments allows predictable cash flow and a streamlined checkout experience. The business model that has catapulted DropBox, Salesforce, Spotify, and Netflix to become lucrative titans in their industries can be mostly attributed to subscription or recurring payments. Based on the latest e-commerce consumer research led by McKinsey & Company, it was reported that 46% of Americans had subscriptions for...
With the recent opening of an office in Mexico City, Stripe, the mobile payments startup, is now fully available in Mexico. It is the first country they’ve launched in Latin America. Although Mexico is the second-largest economy in Latin America, the online commerce represents only 2% of its GDP. However, this is rapidly changing, as retail e-commerce is forecasted to...
During the first quarter of this year, more than the 70% of the 3.1 billion transactions made by online shoppers across Europe, the Middle East, and Africa (EMEA) originated from mobile devices. With the uptick in mobile purchases also comes the increase in cybercrime and fraud attacks. Between January and March 2019, the ThreatMetrix EMEA Cybercrime Report: Q1 2019 shows...
As more people pay for things with digital wallets and contactless cards, there’s no surprise there will be a decline in cash transactions. Fewer cash transactions equal less of a need for ATM machines. All of this makes sense. However, a drop in cash use doesn’t mean ATMs are out completely. A recent report showed that the numbers of ATMs...
