payment trends

What’s Trending with Payments: Where Have We Been, Where are We Going?

This is the first of three posts we’re doing on the future of payments. Stay tuned for our next two entries on what payments in 2030 will look like and how younger generations are changing the face of ecommerce. As younger generations start to hold more buying power, their influence is increasing – greatly. Millennials and Generation Z grew up with technology, expect easy, quick and safe transactions, and companies that fail to do so are inherently disadvantaged. Gen Z, in particular, is driving money management innovation. Now in the workforce, their desire for more flexible options is likely to force more traditional institutions to transition to mobile payment options. In fact, they could be the first generation to use […]

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cashless cities

How Businesses Can Thrive In the Wake of Cashless Cities and Subscription Sites

The world is going urban, and that’s not changing anytime soon. The UN projects 68% of the global population will be city dwellers by 2050, up from only 30% in 1950. Populations are rapidly concentrating and smartphones adoption are commonplace. That’s leading to expansive smart city initiatives globally, involving everything from public WiFi to autonomous shuttles to cashless economies. Cashless transactions are now ubiquitous and, especially in urban areas, are the new norm. In the United Kingdom, two-thirds of transactions are now done electronically. There are opportunities here for businesses to embrace this change and make changes that are wins for themselves and their customers. Improve your customer service experience Physical money comes with some significant downsides: Cash handling errors […]

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subscription model

How to Decide on Pay-as-You-Go vs. Subscription Models

Ten years ago, the subscription model was rare. Pay-as-you-go structures for products and services were one of the most popular ways to conduct business. Netflix was mailing DVDs and an actual, physical newspaper wasn’t seen as quaint. But today, things have changed. With so many companies charging a subscription for their services, from streaming media to beauty boxes to dog food, shoppers are now much more familiar with the subscription business model. New distribution models that didn’t exist ten (or even five) years ago are now common. Consumers are flocking to subscription-based products and services for: Convenience Reliability Waste Reduction But is a subscription model the right move for your company? Below, we break down the pros and cons of […]

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