Posted on: 11 Jan 2019
Banks have very significant role to play in a nation’s economy and the economic development hence forth. Times when electronic payments first started in yester decades, payment industry has come a long way from then. The rapid rise and expansion which the payment industry has seen is majorly due to the advancement in technology. It […]
Posted on: 03 Jan 2019
Did you know that certain reasons restrict a merchant services program from expanding? If you don’t, take out a few minutes and roll your eyes over the four major reasons behind declining or stagnant merchant services programs. 1. Low Merchant Retention — 70% is the annual merchant retention of the industry on average. Having said […]
Posted on: 27 Dec 2018
Be it any business, it is categorized either high-risk or low-risk. However, in the middle of these two categories is one more category, medium-risk business. Not everyone knows but explaining medium-risk is the most complex thing. Businesses that deal in card-not present payments do not come under the high-risk category. However, such businesses can turn […]
Posted on: 12 Dec 2018
Somewhere in the world, a doctor or a health care expert would be giving a patient a lecture about staying at bay from their annoying habit of not giving trouble symptoms the needed attention. Even after experiencing shortness of breath, pain, problem in focusing and other unpleasant experiences, the patient was expecting to get better […]
Posted on: 04 Dec 2018
Payment industry is unpredictable and changes in its trends happen at an unprecedented rate. Evolving payment technology is one of the main reasons behind these sudden shifts. However, change in customer behavior and expectations are also the key players. While this results in challenges for the credit unions, it does open up a bag of […]
Posted on: 28 Nov 2018
Security technology and the ever-changing habits of customers have made the payment industry evolve more quickly than ever. Evolving millennial and Gen Y populations have increased the fame of wallets and mobile payments with biometric authentication. Steal a few minutes and go through this infographic to discover the future of payment processing. Do check it […]