Business Insight Article!
Navigating Payment Industry Trends and Strategies for Your Business Success.
Navigating Payment Industry Trends and Strategies for Your Business Success.
| October 4th, 2024 |
Running a business in a high-risk industry comes with its own set of unique challenges, particularly when it comes to payment processing. Traditional banks and payment processors often shy away from providing services to businesses deemed “high-risk” due to factors like higher chargeback rates, regulatory concerns, or volatile markets. However, obtaining a high risk merchant […]
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| October 1st, 2024 |
The process of verifying checks has seen remarkable evolution over the past few decades. What began as a system that relied on physical magnetic ink to verify and process checks has now transitioned into a sophisticated digital landscape where virtual endorsements take precedence. As businesses and consumers shift towards more digital payment options, understanding this […]
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| September 27th, 2024 |
In the age of digital transformation, every industry is evolving to meet the demands of a faster, more interconnected world—and the banking sector is no exception. One of the pivotal changes in banking has been the shift from traditional paper-based transactions to digital alternatives, and eChecks have emerged as a key player in this transformation. […]
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| September 24th, 2024 |
On July 20, 2023, The Federal Reserve has officially launched its real-time payment service, FedNow®, nationwide. This much-anticipated system allows instant fund transfers between banks, businesses, and consumers, aiming to modernize the U.S. payments infrastructure. As the need for quicker and more secure payment options grows, FedNow®’s nationwide rollout is set to reshape the payment […]
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| September 19th, 2024 |
Online payment security has become a top priority as cyber threats evolve, and both businesses and consumers are seeking stronger protections. To address these concerns, new federal regulations aimed at enhancing the security of online payments are set to come into effect. These regulations promise to safeguard sensitive data, combat fraud, and provide better protections […]
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| September 17th, 2024 |
Contactless payments, once considered a luxury, are now becoming the norm across the United States. Over the past few years, particularly since the pandemic, U.S. retailers have witnessed a massive surge in contactless payment adoption. Consumers are increasingly favouring this seamless, safe, and speedy method over traditional card payments and cash transactions. The convenience and […]
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