The historically manual nature of accounts payable (AP) payments is holding back progress across industries. It ties up funds in largely legacy processes, including the nigh-unsinkable iceberg of B2B paper checks. But particularly within today’s fast-paced business world, where companies are constantly seeking new ways...
Japan is looking to boost competition among app stores and payments. A government panel released a report Friday (June 16) saying that app store operators should not be able to force software developers to use a particular payment system, and that suppliers of operating systems...
In today’s fast-paced world, online payment solutions have become an integral part of our lives. However, no one wants to spend time clicking around and navigating different, unique-to-each-platform digital frictions when dealing with their daily or monthly bill pay obligations. Regrettably, traditional payment systems have...
Ingrained faith in the physicality of banknotes has long driven German consumer behavior, as cash still accounts for an average 51% of all retail transactions as recently as 2020. For comparison, the rate in the neighboring Netherlands is 22% and Luxembourg’s is 24%. Partially driven by the...
As live event venues look to meet their increasingly digitally connected customers’ demand for speed and convenience, they also have the opportunity to nearly double the amount that attendees are spending, in-seat ordering company Ordr has observed. Jade Chiles, CEO and co-founder of the platform,...
eCommerce activity is poised to rise significantly in the next 12 months. Thirty percent of consumers expect to purchase more retail products online in the next year, and 32% expect to buy more groceries. This upcoming eCommerce activity surge creates myriad opportunities for merchants and...
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...