Last year was pivotal in the payments industry when the COVID-19 pandemic forced many businesses to rethink their business strategies and adopt new revenue streams. Despite its many downsides, the pandemic has proven the necessity for small companies to re-align their payment processes. Of the many options small...
Read More
Brick-and-mortar stores took a big hit during the pandemic, but the big casualties were bad retailers, not those that took advantage of “stay at home consumers,” by inventing ways to make online buying seamless and yes, even positive experiences. That’s according to a recent book by...
Read More
The COVID-19 pandemic and safety measures taken to slow the virus’s spread have overturned consumers’ daily lives, including what they are buying and which payment methods they are using to transact. Households stocked up on necessary items to reduce how often they had to leave the...
Read More
The coronavirus pandemic winds on, and while it seems like it’s been forever, when — and not if — we emerge from all this, consumer spending will be altered. In an interview with Karen Webster, Chuck Fagan, president and CEO of PSCU, a credit union service organization (CUSO), said that the impact to consumer spending will be...
Read More
Mastercard Inc. saw strong growth in its core business in the second quarter, a time when the network continued its push for contactless cards and development of the new Secure Remote Commerce system for online payments. Mastercard said it switched 21.4 billion transactions globally in the...
Read More
While global card expenditures will increase 80% to $45 trillion by 2023 from $25 trillion in 2017, growth in the United States will be slow compared to other regions because the U.S. is already a well-developed market, says RBR Research in its “Global Payment Cards...
Read More
Picture this: You walk into a store, grab a few items, bag them up and are on your way. There’s no need for a cashier or wallet. The store simply knows to charge you based on an identifier in its app on your phone. This...
Read More
The banking industry has been rocked by digital disruption. With customer expectations being set by experiences beyond financial services, banks have increasingly accelerated their digitalization in order to act on deep data-driven insights and deliver high-touch customer experiences. As we move into 2019, here are the...
Read More