Good Monday morning. Here’s what’s trending in the global payments news and what you need to know as the week gets underway. AmEx debuts debit card in war for small-business customersAmerican Express Co. unveiled its first-ever debit card as competition for small-business customers heats up. The ...
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Payments Research
Payments Research
By Jeff Domansky US households spent more than $4.4 trillion on household bill payments in 2020. Unfortunately, the hidden costs with paying bills soared 37.6% to $119 billion from $74 billion in 2020. That cost the average US household $925 in additional hidden costs compared ...
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We’ve got a rapid-fire global payments news roundup from our long list of sources we follow. All the payments news you can use, including UK contactless card limit increases, ACI Worldwide’s latest Fraud Index, state of European checkouts in 2021, PayPal Latin America strategy, Veem, ...
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By Steve Kramer, Vice President, Product, PayNearMe As the payments industry evolves, technologies to support cash payers must also change. When you look at the numbers, you might be tempted to count cash out. After all, Venmo, the industry’s most popular peer-to-peer payment app, transacted ...
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By Jeff Domansky Interac Corp and 13 leading Canadian financial institution members launched Interac e-Transfer for Business, providing real-time digital payments to personal and commercial bank accounts with confirmation of funds received within seconds. Recent research by Interac showed 83% of business leaders want new commercial ...
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By Jeff Domansky AR departments talk a lot about AR automation, integrated payments, efficiency, and saving money. However, new research from Billtrust shows there may be a lot more talk than walk when it comes to modernization in today’s AR departments. 86% of AR leaders ...
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By Jeff Domansky With more than 2.8 billion mobile wallets in use worldwide at the end of 2020 and the impact of the pandemic, you’d think US consumers would be quicker to adopt mobile wallets than developing countries. You’d be wrong. New research from Boku ...
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By Jeff Domansky The majority of small businesses in six countries (60%) experience cash flow issues at some point, so it’s no surprise 89% of small business owners say cash flow issues negatively impact their business. In fact, it’s among the top three issues for ...
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By Jeff Domansky A new bill payment study shows US consumers struggling with cumbersome bill pay processes and wanting faster, easier bill payments more in line with their one-click online shopping experiences. “Payment innovation in the e-commerce space has upped the ante for bill pay. ...
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By Jeff Domansky The pandemic imposed terrible health and financial hardships on consumers everywhere, with an estimated 7.48% of US mortgage accounts in “hardship status” by May 2020. Just two months earlier, in March 2020, before the full impact of Covid-19, mortgage accounts in trouble ...
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