Business

verifying customers identities

Many Businesses Say Verifying Customers’ Identities is a Major Challenge

The online environment of identity management has become more dynamic than ever before. It is an interactive and flexible system that has made it possible to establish and manage digital identities. These components are crucial in serving as authentic proof of identity to access contemporary sharing systems like digital banking, e-commerce platforms, travel services, and …

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swift international payments system

What is SWIFT? How does This International Payment System work?

SWIFT has become a hot topic amid the Russia-Ukraine war as several Western countries are considering this option to apply sanctions on Russia for its invasion of Ukraine. Russia is the second-largest user of the SWIFT payment system after the United States. More than 300 Russian institutes use this global payment system to send/receive payments. …

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Yelp Reports Small Businesses Slowly Recovered at End of 2020

Since the time the overall fears of the pandemic got outspread in the United States of America in early March 2020, businesses across the country have endured as many as 6 months of uncertainty. Still, businesses are adapting and proving their respective resilience through reopenings, lockdowns, new coronavirus prevention rules, new ways of implementing business …

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Direct-to-Consumer Brands Flourished in 2020, 2021 Looks Even More Promising

The COVID-19 pandemic has been tough for a whole lot of industries, and in fact, some have yet to recover from the hurt inflicted. However, the previous year has unexpectedly accelerated the growth of some sectors, including the direct-to-consumer (D2C) markets. 2020 witnessed a sudden shift in the consumers’ behaviors, preferences, and purchasing patterns, compelling …

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Installment Plans Gain Traction Among Consumers, Predicted to Grow in 2021

The pandemic has been hard on almost all business owners and consumers across the world. With people losing their jobs and expenses rising, millions of consumers have been going through a financial crisis for the last 10-12 months. Such wide economic gaps are compelling buyers to trim their shopping lists and finding better ways to …

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MasterCard and AptPay Partner for Faster B2B Payments

MasterCard and AptPay Partner for Faster B2B Payments MasterCard and AptPay announced on Wednesday, August 19, the integration of MasterCard Send into the AptPay platform. MasterCard Send is a global push payments platform, enabling funds to be sent securely in near real-time into any payment card or account. AptPay is a Canadian FinTech company. The partnership allows …

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How Ghost Kitchens are Impacting the Quick Service Restaurant Industry

How Ghost Kitchens are Impacting the Quick Service Restaurant Industry In the ever-evolving world of quick service restaurants, the growing demand for food delivery has led to an increase in ghost kitchens, which operate exclusively for delivery service. No servers, no tables, no chairs, just a kitchen in service of delivery orders.  Third-Party Delivery Services …

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Should you Pay Credit Card Fees or Surcharge Your Customers?

Businesses often face a double-edged sword when accepting credit cards. Credit card processing comes with fees that can eat into your profits, but defraying the cost with a surcharge for shoppers can turn away business. As a business owner, it’s important to decide which option makes sense for your business as a growing number of …

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