Looking for straight talk on where things stand? Here you go: “It has been roughly seven months since the pandemic was declared, and consumers show no signs of wanting to return to stores to shop the way they once did. Roughly eight out of every...
The U.S. presidential election is approaching, COVID-19 cases are seeing a new wave that could crash through the global economy and bank earnings continued to tell a story about consumers surely and steadily shifting their spend. Karen Webster told Daniel Gouldman, co-founder and CEO of Ternio,...
Covering the cost of payments processing is an unavoidable expense, but many businesses can find themselves paying more than necessary. It is not uncommon for firms to try to mitigate processing costs by using only one payment service provider (PSP) in the hopes of limiting fees,...
It cannot be overstated how integral non-cash payments are to the global economy, with the United States processing more than 174.2 billion of these payments in 2018 alone for a total of $97.04 trillion. Cash payments are quickly falling to the wayside, with only 26...
The world of payments products and behavior has advanced tremendously over the past 15 years, but that wave of innovation has had an unfortunate side effect — the incredible amount of fragmentation and oddly isolated behaviors. Ruben Salazar, head of innovation and products for Visa...
The surge in digital purchasing is good news for struggling businesses, but the cost of processing transactions and operational inefficiencies can overshadow the benefits of accepting digital payments, says Bronson Tubb, vice president of engineering at software firm Omicron Media. PYMNTS speaks with Tubb in...
Businesses want a frictionless and Uber-like payment experience, but delivering that can be challenging due to security and compliance issues, says Shelly Swanback, Western Union’s president of product platform. In this month’s FI’s Guide To Modernizing Digital Payments, Swanback discusses how integrating a cloud-based infrastructure...
Justin Benson, CEO of Spreedly, explains how the COVID-19 pandemic has caused a spike in demand among all payment ecosystem participants for greater choice and flexibility. “We see that merchants are able to digitize their commerce faster when these kinds of services are available and...
Digital payments are growing ever more widespread, with the global digital payments market increasing by more than 50 percent in the past three years to hit $4.7 trillion in 2020. This growth is not expected to slow down anytime soon, with eCommerce and its associated...
