2021 Trends

credit card processing trends

Trends in Mobile Credit Card Processing for Fall 2021 and 2022

Over the last 12 months, almost every retailer felt the need to shift from the in-store traditional payment methods to the new-age digital methods. Businesses have also understood that this shift has a vast scope – it is not just a momentary reaction to the prevailing coronavirus pandemic, but a long-term trend. IBM’s U.S Retail …

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merchant services

Top Merchant Services Trends to Watch in Fall 2021 and 2022

The past year has been full of surprises for merchants, processors, and everyone involved in the payment processing ecosystem. There have been many unexpected highs and lows, but overall the trajectory of the industry has been positive despite some immense challenges. We saw the evolution of payment channels to handle consumer demands and COVID-19 threats. …

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Restaurant and Hospitality Rebound? Demand for Dining Set to Surge Post Pandemic

The COVID-19 pandemic has caused immense harm to many industries. Many places are unable to open, and the ones that can open are doing so with significant restrictions. There’s also the concern of people not feeling comfortable returning to certain public places for fear of the spread of COVID-19. The restaurant and hospitality industry has …

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Skyscend uses AI to Revolutionize Invoice Management

Skyscend has recently launched the revolutionary SaaS (Software as a Service) offering in the form of Skyscend Pay. The given SaaS-based invoice management system aims at leveraging the potential of Artificial Intelligence (AI) for removing friction that exists in invoice processing. The utilization of this high-end technology allows for smart functionalities that tend to be …

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UK Celebrates Three Year Anniversary of Open Banking, Reflects on Significant Growth

On 13th January 2021, the concept of open banking under the Payment Directive Services 2 in the European Union celebrated its third anniversary. Since 13th January, 2018, the concept of open banking went on to become a mandatory regulatory requirement in the United Kingdom. The given concept was put into execution with the purpose of …

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MasterCard Introduces Next-Generation Contactless Payments

On 26th January 2021, MasterCard made the announcement that it is going to apply for the revolutionary range of quantum-resistant technologies for the development of next-gen contactless payments. The Ecos or Enhanced Contactless specifications will be the first-ever such technology in the industry. It helps in ensuring that as the dynamic digital landscape continues to …

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Eight Impactful Strategies to Improve Your E-Commerce Site

Every business today must be online. It’s crucial to survive given the landscape of the pandemic. Many businesses either weren’t online or had a small online presence that wasn’t enough to compete in today’s competitive marketplace. To meet or beat the competition, your e-commerce site must have the following. Customer Loyalty Program What incentives do …

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Smart Tech Keeps Convenience Stores Relevant as Industry Declines

As the pandemic continues and more people turn to online shopping versus running into local convenience stores, the industry has seen a decline of almost 2 percent since 2019. Consumer spending habits changed drastically as everyone tries to stay safe. Fortunately, smart tech helps keep convenience stores relevant in society by thinking outside the box …

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COVID-19 Payment Trends Are Here to Stay, Says Visa

As we near the one-year anniversary of the pandemic, it’s apparent that the latest payment trends that took place at swift speeds are here to stay. The most common changes businesses are implementing include contactless payments, ‘buy now, pay later’ options, and increased security protection. In short, small and micro businesses need to cater to …

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More Consumers Want to Use Venmo at Retail Stores

Venmo started as a fun way for peers to pay one another, but it’s quickly becoming the payment method of choice at retailers too. Venmo has become a household brand – it’s the brand consumers trust when paying friends and family, and now they want retailers to use it too. While contactless payment options are …

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