Payment Processing

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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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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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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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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payment gateway merchant services

What is a payment Gateway

If you accept credit card payments you’ll likely use a payment gateway whether you accept credit cards in a brick-and-mortar store or online. The gateway is responsible for conducting the electronic transaction, much like a standard cash register would conduct a cash transaction. Gateways are most important for online or phone transactions, check out what …

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AfterPay Announces In-Store Availability for Apple Pay and Google Pay Users

Putting further pressure on credit cards, AfterPay now offers support for Apple Pay and Google Pay in select US retailers starting in July 2020. The Australian-based mobile app that offers “Buy Now, Pay Later” (BNPL) installment options, AfterPay is offering Apple Pay online and in physical stores and Google Pay as an in-store option in the U.S. …

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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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Everything You Need to Know About Contactless Payments During COVID-19

Contactless payments allow consumers to pay for goods or services without needing to physically swipe a card in a machine or pass the card to another person. By tapping a phone or card on or near a terminal, near-field communication (NFC) enables the consumer to transmit payment information without physically touching anything. For a variety …

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Google Pay to Offer Digital Bank Accounts by 2021

In early August 2020, eight banks in the US have announced that they are partnering with Google to offer digital-first bank accounts directly in the Google Pay app. The partner banks will manage the financial side of these accounts while Google will provide the front-end, intuitive user experience, as well as financial insights exclusive to …

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Coca-Cola Introduces New “Pour by Phone” Contactless Technology

Contactless payments have been there since the 1990s, but the COVID-19 pandemic has brought it to the limelight. Moreover, the trend is here to stay for a more extended period, given the circumstances. Recently, the global beverage brand, Coca-Cola, is all set to add a variant by launching a contactless option for its consumers’ feasibility …

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This Proposal Would Allow Businesses to Get another PPP Loan

Congress has expressed interest in approving the next round of Paycheck Protection Program (PPP) loans. If this happens, small businesses can expect a wave of help coming their way. Following the approval, The Prioritized Paycheck Protection Program (P4) Act is a source of funding for small businesses. Businesses that employ less than 100 people can apply …

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Visa Looks to Make Plastic Cards Sustainable

Visa has an ambition to improve the world and minimize its environmental impact. Thus, they are collaborating with the CPI Card Group to produce ‘Earthwise High Content Card’ for Visa cardholders. The credit card, made of 98% upcycled plastic, would enable both contactless and contact payments. Besides this, the aim is to make cards EMV compliant with dual-interface …

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Walmart and Shopify Team Up On E-commerce Marketplace

The collaboration between Walmart and Shopify is all set to conquer the e-commerce industry. They will provide fierce competition for Amazon, as around 1200 companies selling on Shopify will now be able to sell on Walmart U.S by the end of this year. Shopify’s vice president of product, Satish Kanwar, considers Walmart of size and …

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Five Things To Consider When Switching Merchant Services Providers In 2020

Because of the complexity of credit card processing, it’s hard to know when or if to switch merchant services providers. With the added confusion of automatically renewed contracts, equipment leases, and hidden fees, a business may feel it needs to outsource the research on their already outsourced credit card processor. Here are five things to consider …

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The Best Solution for Nonprofits to Accept Credit Card Payments

Are you the owner or manager of a non-profit organization? If so, you may be eligible for lower credit card processing rates than regular businesses. This article will discuss the best solution for non-profits to accept credit card payments: let’s take a look!  As a non-profit, your goal should be to make it easy for …

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