Insights
ACH Network Sees Record Growth in 2020 to 26.8 Billion Payments
The 26.8 billion payments made on the ACH Network in 2020 is an increase of 8.2% over 2019, while the value of those payments, $61.9 trillion, is up 10.8%. A record of more than 2 billion new payments were added in 2020, and the growth rate is the highest since 2007. The 2020 results also mark…
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A Guide To Contactless Payments
Contactless payments offer consumers a way to “tap” to pay for their goods at the point-of-sale, allowing them to potentially avoid contact with surfaces that could be contaminated with COVID-19. The payments industry has been powering secure contactless payments in the U.S. and across the world for years, but the technology is still new to…
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Contactless Payments Are To Replace Metrocard by 2023
The use of contactless cards and mobile wallets for payments has experienced expedited growth during the pandemic thanks to consumers’ wish to avoid grimy POS terminals. Mercator Advisory Group data finds that consumers have been switching to contactless as a new way to pay and those who used contactless prior to the onset of the global pandemic are…
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What Is Bitcoin?
Bitcoin is a decentralized digital currency that you can buy, sell and exchange directly, without an intermediary like a bank. Bitcoin’s creator, Satoshi Nakamoto, originally described the need for “an electronic payment system based on cryptographic proof instead of trust.” Each and every Bitcoin transaction that’s ever been made exists on a public ledger accessible…
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How Small Business Can Recover In 2021
If the pandemic was hard on major retailers who have doors and customers nationwide along with a strong internet presence, small businesses weren’t about to get a pass. And like the big box stores, the independent stores, and micro chains had to learn to adapt if they wanted to stay alive. “What we’ve seen is those merchants…
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Pandemic fueled 32.4% e-commerce surge in 2020
Consumers have been getting comfortable with online shopping and companies have been improving the transaction experience, Digital360 analysts said, but the pandemic “magnified trend lines in a big way.” The biggest jump in online sales occurred shortly after states issued stay-at-home orders. E-commerce sales jumped 44.4% in the second quarter compared to the same quarter in…
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How To Scale Up As Your Customers Grow
As entrepreneurs, we focus on building and growing a business and often get excited at the possibilities that lie ahead. Many of us have big dreams about where our company will go and how we’ll get there, but it can also feel like using a map with no starting point. When I founded Insightly, our…
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