Consumers worldwide are now accustomed to the speed and convenience that online shopping offers and many have even made their first forays into international eCommerce in recent months. Cross-border shopping is only expected to grow in popularity. In fact, the global business-to-consumer (B2C) eCommerce market’s...
Thanks to the digital shift during the pandemic, more non-financial entities are realizing that they need to own and improve their payments experience to enhance the overall customer experience — but there is a myriad of options to consider. Companies that outsource to card-on-file programs...
Canadian firms are struggling to get past the pandemic receivables slowdown. Twenty percent of all Canadian businesses report experiencing longer days sales outstanding (DSO) now than just prior to March 2020, waiting an average of 41 days to realize revenue from their sales. This is...
In 1907, Mark Twain famously popularized the saying “lies, damn lies and statistics,” almost as a self-deprecating comment about his own ability to interpret “figures” when writing about them. An expression first attributed to British Prime Minister Benjamin Disraeli, today it’s often used to describe...
Early in the pandemic, as businesses frantically sought contactless ordering and payment options, the QR code emerged as a somewhat unlikely hero, easily readable by ubiquitous smartphones and able to handle everything from ordering to loyalty data in one image. That evolution continues as QR...
In its 2020-21 business plan, the U.K.’s Financial Conduct Authority (FCA) announced that the payments sector would be one of its key priorities for the next three years to ensure that consumers make payments safely, that consumers and small and medium-sized businesses (SMBs) have access...
A study conducted in 2011 by two University of San Diego professors says that people who read the end of a book first not only go on to read the entire book from beginning to end, but enjoy their reading experience more. Their research suggests...
Citi’s Treasury and Trade Solutions (TTS) has launched domestic instant payments in Brazil, bringing its global reach to 28 markets in numerous regions, according to a press release on Monday (Nov. 8). Usage of Citi’s real-time payments capabilities has grown more than 100% in the...
Around the world, the grocery shopping experience is growing increasingly frictionless. Where just a few years ago, cashierless checkout technology was an out-there new technology being piloted at a select few small-format Amazon retail stores, now a range of solutions providers are competing to offer...