Consumers and businesses are used to getting what they want when they want it. Your groceries get delivered the same-day and you can summon an Uber in minutes. Payments, however, still tend to take a while. Even in 2016, the quickest way to get your money from one bank to the other is to withdraw..
Online sellers are at a crossroad. The immense opportunity of being able to sell to everyone across the planet is complicated by a lack of support for payments. The global ecommerce market is, without a doubt, poised for growth. Sales are expected to reach $1.09 trillion by 2017. That’s an annual..
The collection industry has been growing along with debt for unpaid purchases, bills, services, and other debts. There are over 1 billion credit cards open in the U.S. alone, and each American household owes an average of about $135,000 in debt. Factor in the complexity of the ever-growing internet..
Chargebacks are the Achilles heel of the payments industry. An unfortunate price paid by merchants to offer their customer ease and convenience. Depending on the nature of the business, high risk payments could be unavoidable. However, there could be a lot you can do to reduce the risk involved..
International tourist numbers have been increasing for the past six years in a row. More than 1.5 billion people travelled abroad in 2015 alone. As a result, cross border transactions have been getting easier and more widespread over the years. That’s a huge number of people looking to go..
Modifying loans is a much-needed service. If your business offers this complex service you already know there is no lack of demand. However, a lack of investment in compliance and technology has had an impact on services. Borrowers are facing increasing challenges to get their loans modified..