Despite the rapidly evolving payment options that consumers have today, credit cards still remain the leading payment method. In fact, according to the 2016 U.S. Consumer Payment Study, this was the first time that “credit took over the top spot as the overall preferred way to pay, replacing debt as the number-one choice in years…
Despite the excitement and ongoing advancement in technology with mobile payments, wallets, international payment options and tighter security, there are still unique payment challenges with online payment platforms that will continue to impact businesses of all sizes around the world. I’ve been in the payments world for years and seen most of the challenges the…
Also known as echecks, ACH payments are digital payments that operate similarly to the paper check process that many payment processors now offer. In fact they came about from the paper check process when banks and check processors realized that the system they built to handle checks could be used even more easily to handle just…
With the global shift from brick-and-mortar to online business, customers are growing to expect to pay online for goods and services. This expectation is no longer reserved for large retail and e-shops; the ability to accept payments via website has become a worldwide standard for businesses big and small. While the benefits of accepting customer…
2016 was a busy, and surprising, year for payment processing thanks technological advances, to the Millennials, and because of the transition to EMV. That was just the beginning. As we get ready to usher in 2017, let’s take a look back at the biggest events in payment processing in 2016. Mobile payments didn’t grow. According to…
While credit card processing seems pretty straightforward, there are actually many complexities to this aspect of the payments industry that can have you paying too much for the service that your small business needs to in order to give the best to their customers. Knowing more about the credit card processing industry can help you…
The Internet has facilitated how we can work together as a global business environment. It has offered the freelancers, entrepreneurs, and small business owners with a world of opportunity to expand their customer base. Technology like content management systems, instant messaging, video conferencing and more make it easy to get customers and clients throughout the world….
Millennials — they’re all the rage these days. And for good reason. At 90 million strong, they’re the largest demographic in America. It’s also anticipated that, by 2025, millennials will be the highest-earning generation in history. Furthermore, they have been pegged as the generation that is going to disrupt the entire banking industry. This shouldn’t come…
Looking at the history of credit card payments reveals the ongoing evolution in technology and impact that various changes in society have done to further change how businesses conduct transactions. In this infographic on B2B payments, you will be able to trace the history from paper money to virtual cash. What’s interesting is the idea that…
Many entrepreneurs struggle to keep their businesses financially afloat, especially in the early stages. Before financing your business, it’s a good idea to find a payments platform that can help streamline and organize your business financials. This way you can easily track any and all income and expenses. There are plenty of alternative financing options…