The pandemic’s closures of in-person businesses forced a hard digital pivot on beauty services providers — one that allowed many to survive. With increasing consumer demand for convenient and contactless payment options, however, the industry is finding value in digital transformation long after most pandemic...
The digital economy is supported by payments infrastructure created decades ago, when payments were exclusively a physical activity. In the digital age, instant communications have been “matching up” with instant clearing and settlement and the ability to move money in the blink of an eye....
As salons and spas across the country recover from the pandemic’s impact, an industry insider explains how digital systems are improving the customer experience and helping to attract and retain customers. — Although the beauty services industry is rebounding from the pandemic, spas and salons...
Despite being among the worst hit by the pandemic, the beauty services market has begun to rebound. Sales in the United States have reached nearly 70% of their pre-pandemic levels in 2021 and market value has eclipsed $57 billion. Nevertheless, emerging shifts are creating new...
The current economy’s transitionary challenges have organizations increasingly looking to identify and capture efficiencies. One of the biggest operational impacts being realized is how businesses shift their technology investments to meet their financial operations’ changing needs. “The COVID-19 period woke the marketplace up to the...
The European region, Lynsey Verrillo, Head of Enablers and Small Business at Visa, and Marc-Alexander Christ, SumUp co-founder, told Karen Webster, is home to 28 million smaller firms, which drive a significant portion of the region’s GDP. And to fully embrace the great digital shift...
Deluxe and Echo Health have teamed to offer digital payments services to companies using paper. The two payments companies announced Tuesday (May 2) that they’d formed DPX Payments, a joint venture aimed at offering “advanced payables offerings to the large and underserved middle-market.” DPX, the...
Fraud is a constant worry for companies of all types, driven by the sheer variety of different fraud methods that bad actors deploy. Man-in-the-middle attacks, social engineering, account takeovers and botnets are just some of the thousands of different types of fraud that keep CEOs...
Consumers are craving digital payment experiences, the pandemic having whetted their appetites by expanding digital use to a wider range of retail transactions. PYMNTS research found that 30% of consumers are very or extremely interested in trying a new payment method, including digital wallets, QR...