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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Businesses across the United States likely knew they would be in for a long, uphill battle to stay afloat when they first began closing their doors in mid-March, but did not know just how long they would be dealing with the fallout from the COVID-19...
“With so many of us working from home, the ability to monitor and approve spend becomes far more difficult,” says David Wood, Conferma Pay’s director of hotel products. “When so much is changing so fast, it’s essential to know that you have the master controls...
“The pandemic has brought into very clear focus how commercial trading partners are struggling, with cash flow challenges due to payment slowdowns among the biggest contributors,” says Dean Leavitt, founder and CEO of Boost Payment Solutions. “Finding ways to preserve working capital has become an...
Similar to what occurred after the 2008 financial crisis, the COVID-19 pandemic has spurred a shift away from credit cards, notes Akash Garg, CTO of Afterpay. “Afterpay’s data has shown a significant shift to debit over the COVID-19 period, beginning in March — with nearly...
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