Online casinos have experienced massive growth in just the last few years. Global online gambling is projected to reach $112.09 billion by the year 2025. Even with the pandemic, online casinos continued to flourish. Mobile gaming is also on the rise. As of 2019, it was estimated that there were close to 2.2 billion mobile gamers worldwide. It was also...
Online and mobile payments are a growing trend that will only continue to increase as customers get more comfortable with technology. Increasingly, customers are relying on their smartphones to pay their bills, pay for services, and pay for products. One of the biggest reasons is convenience. According to eMarketer, it is projected that mobile payments will increase to $130.3 billion...
There is no doubt that we are now living in a digital age, where online transactions are not only the norm but a necessary component to running an online business. Convenience and speed of transactions are of the essence. By offering both benefits, online businesses have a better chance at not only surviving the online retail landscape but thriving as...
Today’s digital payment climate is moving at such a rapid pace that all businesses must consider exploring the newest payment innovations. By doing so, they have the opportunity to process payments faster, more efficiently, and inexpensively. One payment method that businesses should consider is using the electronic check, also known as the eCheck. It offers a wealth of opportunities as...
The 2018 AFP Payments Fraud Survey uncovered that checks continue to be a target for more fraud than any other payment method. In fact, 74 percent of those surveyed revealed that they had experienced this attack. This was followed by wired fraud at 48 percent, and corporate card fraud came in third at 30 percent. A safer alternative to traditional...
As more consumers are growing weary of credit card fraud, they are less likely to use credit cards as a payment method when shopping online. They are looking for payment methods that offer more security, with a seamless, efficient, and fast processing as a credit card payment. Top 12 Things To Know About Electronic Checks 1. What Is an eCheck?...
As we continue to move into a more “electronic world” the speed at which payments take place has become vitally important. Echecks or electronic checks allow businesses and customers to make payments quickly. Some vendors and customers are not comfortable providing their banking information for wire transfers or ACH payments, but they still want to receive their payments in a...
Echecks, or Instant eChecks, also known as electronic checks, are electronic payments that are made from a customer’s checking account. Another way of looking at it is that it’s a “virtual version” of your everyday paper check. When customers pay with an eCheck, as a form of payment, the funds go to the merchant’s business bank account by way of...
First Data’s white paper, “Electronic Checks: The Low-Risk, Low-Cost Way To Accept Online Payments”, highlighted what drives customers to make their buying decisions. Payment options factored greatly in most customers’ decisions as to “where” they shop online. For most consumers, a shopping experience may end unfavorably if they are not able to find their most preferred method of payment during...
Banks have always processed checks manually and deposited the funds into the user’s bank. It would typically take days for the funds to appear on and be ready to use in that account. Thankfully, technology has made vast improvements that have allowed for these payments to be carried out electronically from an individual’s checking account. This is done by using...
