As contactless payments explode in necessity and popularity, here is your brief overview and everything what you need to know about contactless payments. A recent survey shows that contactless card payments make up 20% of all card-based payments globally. Contactless payments utilize near field communication (NFC) technology to enable communication between two electronic devices. Near...
Consumers prefer paying their bill digitally these days, such as a website and mobile apps to pay one-time bills. A recent study by experts surveyed more than 3,000 adult consumers and found nearly 70% of respondents saying they prefer digital payment options. Conducted in March and April, this report addresses consumer preferences and behaviors at the...
The COVID-19 pandemic has altered and created a “new normal” in our world. More and more consumers have begun shopping online in frequent and sizable numbers. As a result, the pandemic has shifted digital shopping from physical stores by approximately 5 years new data shows. A report by IBM‘s U.S. Retail Index indicates that department stores are likely...
The B2B payments space has been hot for a while. But now mass adoption of digitizing finances – fueled largely by the COVID-19 pandemic – is only driving demand in the sector. Startups and enterprise players in the segment are adding to their offerings, while at the same time seeing more interest in their existing...
On March 11, 2020, the World Health Organization declared COVID-19 a global pandemic. Then, cases in the U.S. had hit 1267 and there were 38 deaths, most of them concentrated north of Seattle, Washington. Worldwide, there were a reported 120,000 cases and 4,300 deaths. The WHO’s statements laid bare what everyone all over the world...
As more people worry about catching coronavirus from touching cash and credit-card terminals, a onetime niche technology is roaring into the mainstream. Use of contactless mobile payments — services that once struggled to catch on in the U.S. — is surging as people come to see their phones as the safer way to pay. They’re...
The coronavirus pandemic has already reshaped parts of the economy, as people remain inside and practice social distancing. Yelp internal search and user data shows that consumer interest patterns have shifted sharply toward things like food delivery and home gyms, for example. A new extensive survey of 440 people by investment bank and financial services firm Piper...
Google has banned the use of Zoom on employees’ computers, according to a new report. The company alerted employees last week that it would disable the service, citing security vulnerabilities. It’s the latest, but not the first, company to ban Zoom across its business. Google has barred employees from using Zoom on company computers, BuzzFeed...
The coronavirus pandemic could be devastating for many companies, but it’s also shining a spotlight on the power of fintechs. They seem to be responding to the sudden challenge, though uncertainties lie ahead. The virus-driven moratorium on travel and the trend of companies encouraging people to work from home are changing the way people behave...
Even with steady sales and growth, if your company has continual cash flow issues due to lack of accounts receivable management, that could slow or stop your company’s growth. Nearly one-third of businesses find that they are unable to pay vendors, unable to make loan payments or unable to pay themselves or their employees, according...
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