Today In Data

Today In Data: Easy On, Easy Off

Easy to access on-ramps when a customer or business wants to try a product or service, and easy to find off-ramps when they are finished. It doesn’t sound like it should be hard – but as the latest edition of the Subscription Commerce Conversion Tracker shows by the numbers, getting all those best practices in line takes time. And the struggle to get a large, diverse body of firms to adhere to smarter, more effective and more secure tactics is also a challenge in financial services, where it’s taking time to meet demands for modernization and transparency. But the demands keep on coming – from customers who want stronger services, workers who are looking for faster payments and businesses that need access to better and more dependable tools. The tools, however, are becoming easier to find – the challenge is making it easier for consumers to use them at will.

 

 

Data

180: Number of SWIFT’s 11,000 member banks that are enrolled in gpi.

$45 million: How much Meero picked up in its last venture funding round for its B2B photography platform.

72 percent: Share of subscription service providers that offered cancellation options.

17 percent: Share of IoT/hardware service providers offering free trials.

12 percent: Share of DailyPay’s customer base that earns over six figures a year.

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LIVE PYMNTS ROUNDTABLE: MODERNIZING & SCALING FOR THE NEW NORMAL

The pressure on banks to modernize their payments capabilities to support initiatives such as ISO 20022 and instant/real time payments has been exacerbated by the emergence of COVID-19 and the compelling need to quickly scale operations due to the rapid growth of contactless payments, and subsequent increase in digitization. Given this new normal, the need for agility and optimization across the payments processing value chain is imperative.

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