Accepting payment options other than cash and having the ability to process those payments is an absolute must in today’s business environment. Luckily, there are many ways to process payments in 2023. As more and more businesses have embraced the acceptance of non-cash payments, technological advancements and competitive forces in the payments industry have made […]
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WorldPay is arguably one of the biggest names in the payment processing industry. Being founded back in 1989 and being one of the pioneers of online payments, the impact of WorldPay on the payment industry cannot be ignored. It survived a major acquisition by another huge payment processor in 2018. The companies merged and became
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Cash has been mainly replaced by credit and debit cards, not only because of the convenience they give but also because there has been a considerable increase in online shopping and online services. More than 80% of Americans now make online payments, and the number of people receiving paychecks from vendors is also increasing. This
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The overall impact of the global pandemic is becoming more prevalent. Most organizations have now returned to their pre-pandemic business models, and the payment industry is evolving to adapt to changes in trends for customers, partners, and other businesses, even as the world tries to regain a sense of normalcy. The world economy heavily relies
How is COVID-19 Affecting Payment Processing Trends 2022? Read More »
The pandemic has made it necessary for restaurants to limit face-to-face interactions as much as possible. In that effort, restaurants and pubs have set up QR codes for taking orders and digital payment. We don’t think this change is going to go away as both customers and restaurants are benefiting from the use of QR
Benefits of QR Codes and How Restaurants Can Use Them Read More »
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
Trends in Mobile Credit Card Processing for Fall 2021 and 2022 Read More »
If you are starting or moving your business to a subscription-based model, you need to choose an appropriate recurring payment plan to accept payments from your customers at regular intervals. Recurring payments, also known as automatic electronic payment, is a payment model where a certain amount from the customers’ bank or selected payment method is
How to Securely Set up and Accept Recurring Payments? Read More »
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
Skyscend uses AI to Revolutionize Invoice Management Read More »
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
Smart Tech Keeps Convenience Stores Relevant as Industry Declines Read More »
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
Installment Plans Gain Traction Among Consumers, Predicted to Grow in 2021 Read More »
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
What is a payment Gateway Read More »
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.
AfterPay Announces In-Store Availability for Apple Pay and Google Pay Users Read More »
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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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
Everything You Need to Know About Contactless Payments During COVID-19 Read More »
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
Google Pay to Offer Digital Bank Accounts by 2021 Read More »
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
Coca-Cola Introduces New “Pour by Phone” Contactless Technology Read More »
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
This Proposal Would Allow Businesses to Get another PPP Loan Read More »
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
Visa Looks to Make Plastic Cards Sustainable Read More »