The pandemic has considerably shifted the mindset on digital currencies. Initially, the question was whether digital currencies had the potential to succeed. Now, the questions being asked are how and when digital currencies will reach mainstream status. According to Deutsche Bank Research, payments using cryptocurrencies will escalate. What could possibly hinder extensive use is the great amount of energy consumed....
With so many payment options coming to the fore, eChecks have been gaining ground in the last decade. In a Federal Reserve Payment Study in 2016, it was discovered that ACH payments grew at a yearly rate of 4.9 percent from 2012 to 2015. The Most Popular Questions About eChecks With Answers Businesses that are interested in accepting eChecks as...
Google Maps has collaborated with Google Pay to pay for both street parking and transit fares. This can be done directly off the Google Maps app and without needing to take out a wallet. With more consumers reluctant to touch public surfaces, an integration with Passport and Park Mobile allows them to pay the meter directly off of driving navigation...
Shopify is an excellent platform that can assist potential business owners to launch an eCommerce store in an efficient, stress-free way. However, even the best of platforms cannot automatically draw in sales for you. To say that the online business community is oversaturated is putting it mildly. In fact, it is estimated that there are 375,000 online stores currently using...
Although the effects of the COVID-19 pandemic on the economy has proven disastrous, retailers have been forced to modernize their current systems at warp speed. The result has been the accelerated adoption of contactless payments. The acceptance of contactless payments (Google Pay, Apple Pay, and tap-to-pay cards) has soared like never before due to consumer concerns for safety. And one...
The payment space is evolving at such a rapid pace. Many solutions being developed today are aiming at providing increased speed, more efficiency, and transparency. When the pandemic took the world by surprise, it also shook the modern payment system world. Suddenly, payment systems went from cashless to contactless. It also radically changed how everyday businesses would operate. What Is...
Square, Inc. is expanding its reach and jumping on the liquor-delivery bandwagon. In May 2021, Square announced that sellers can now offer the delivery of alcohol via Square Online’s delivery feature, on-demand. Merchants that sell liquor and use Square Online can now give customers the ability to purchase alcohol directly off the store’s website and have the order fulfilled by...
Mastercard continues to move forward with its multi-rail strategy by adding Account-to-Account payments (A2A) to Mastercard Track™ Business Payment Service. This sets in motion the next stage in Mastercard’s journey to innovate payments and address specific pain points experienced by buyers and suppliers. With the success of card payments within Mastercard Track Business Payment Service, businesses will now have an...
The fine art auction house, Sotheby’s, has offered a new payment option in which both Bitcoin (BTC) and Ether (ETH) will be accepted as payment for all physical artwork. This innovative feature will be facilitated in partnership with Coinbase. Coinbase is one of the world’s biggest cryptocurrency exchanges. This partnership couldn’t be more befitting as the partnership brings together the...
It has been found that most hoteliers handle their payments outside the hotel’s daily business operations and don’t rely on a payment gateway. This leads to disordered payment systems. Payment processes in themselves can be complicated, costly, and time-consuming. There are many critical points to satisfy, such as a customer’s preferred form of payment and any security issues to address. ...
