What are Alternative and Frictionless Payments?

When was the last time you paid for something with cash? Chances are, you don’t remember.  Merchant businesses seek to possess this technology inhouse for their consumers, too. Nowadays, we are all so tuned to paying with mobile wallets and…

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Top 5 FAQs on QR Code Payments for Merchants

Latest studies by Statista show that 75.8 million smartphone users in the U.S. scanned a QR code in 2021. This number went up by 15.3% compared to 2020. The use of mobile wallets and online payment technologies improved significantly in…

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Top 10 Real Applications of Real-Time Payment Solutions

It is NOW or NEVER. Quite literally. The world of payments has seen a massive transformation in the last two decades, and the growth is not stopping any time soon. Technological innovations in Artificial Intelligence, Cybersecurity, Machine Learning, and the…

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When Will FedNow Be Available?

Digital and mobile payments are here to stay. A McKinsey study shows that every 4 out of 5 Americans has used some form of digital payments in 2021. As with all other human inventions and the need for speed, this…

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ABCs of Third-Party Service Providers and Nested Third-Party Senders

In the previous blog, we discussed the roles and responsibilities of a third-party sender. We understood how funds flow between an originator and recipient with and without the support of a third-party sender. We also understood how third-party processors sometimes…

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What is FedNow, and How Does it Help You?

To say that we expect a spike in the adoption of real-time payments in the future, is a gross understatement. Latest studies show that the U.S. real-time payments market is expected to grow at a staggering 30.4% compound annual growth…

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ABCs of Faster Payment Systems for Banks

Digital transformation efforts in the financial sector are mainly geared towards one of the following goals: Increase convenience Increase speed Reduce costs If a project fulfills one or more of these goals, it is deemed complete/successful. Correct implementation and tracking…

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15 Best Payment Options for Small Businesses in 2022

Are you working with an  entrepreneur stretched too thin during the initial stages of of their business? You’re not alone. In a study by Asana involving thousands of participants across the U.S., U.K., and Aus/NZ, nearly 82% of the workforce…

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How Do Online Credit Card Systems Work? Top 9 Benefits

According to the Fed research from 2021, the average American holds three credit cards. This stat proves that the merchants that do not accept credit card payments face the risk of losing massive business each year. However, even the merchants…

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Why Merchants MUST Get Bank Account Verification Today!

Fraud.  Fraud is one of the scariest things that can keep a business owner up all night. Financial fraud can break your business even before it lifts off. FTC (Federal Trade Commission) study shows that merchants lost nearly $5.8 Billion…

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