Insights

Card networks have stepped up their contactless distribution

January 6, 2021

Several years in the making, contactless payment cards are finally arriving in large numbers at mailboxes throughout the U.S., as domestic cardholders catch up with the rest of the world. But contactless goes beyond plastic cards, with mobile apps providing another payment option for consumers to choose. While COVID-19 has accelerated contactless in 2020, payment…

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Retail in 2021: What will endure and what’s going to change?

December 7, 2020

The United States will have a new president in the White House. “The Matrix 4” will hit the big screen, Tokyo hopes to host the Olympic Games and sales of CBD products will continue to climb. JPMorgan Chase & Co. and Morgan Stanley are feeling bullish about the stock market in 2021 and conversations about vaccines are more than…

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How COVID-19 is accelerating the shift to a cashless society

November 30, 2020

PHILADELPHIA — Tom Ivory, the founder of the Baker Street Bread Co. in Philadelphia’s Chestnut Hill section, fought a valiant effort for years to rein in bank fees by imposing a minimum credit card purchase of $10. But more customers wanted to go cashless, and Mr. Ivory eventually relented and accepted plastic for any transaction,…

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Why small business payments have big potential

November 21, 2020

Picture a black-and-white television showing The Andy Griffith Show. Opie Taylor walks down Mayberry’s Main Street to visit Walker’s Drugstore, a small brick building on the corner that represents the quintessential mom-and-pop business of the era. Today’s small business doesn’t look like that brick-and-mortar shop. With the expansion of the gig economy, the term “small…

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Contactless Payment Solutions: Why And How To Adopt Them In A Post-Covid-19 Economy

November 13, 2020

In the early 2010s, economists and retailers were ready to declare the brick-and-mortar (B&M) economy dead. However, despite the continued growth of e-commerce and online shopping, retail stores continued to survive and even thrive, with B&M stores raking in nearly 85% of all sales during the 2017 holiday season and traditional e-commerce companies, including Warby Parker and Casper,…

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What The Future Of Black Friday Looks Like

November 5, 2020

Black Friday, the day after Thanksgiving, is renowned for shopping deals and crowds in stores, but in our Covid-riven world, crowds are the thing to avoid. A study from Visa says that only 20% of U.S. consumers plan to do their shopping exclusively in-store, while nearly a third plan to do most of their shopping…

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Payment Gateway vs. Payment Processor

October 30, 2020

What’s the difference between a payment gateway and a payment processor? If you’re in the market for credit card processing solutions, you might have come across the terms “payment gateway” and “payment processor.” While these are two key, related elements of credit card processing, they are not the same. If you’re unsure of the distinction, you’re…

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