Are Mobile Payment Systems Prompting Tip Inflation?
Tipping, when it got started, used to be a practice by which people could reinforce good service by the most direct method possible: handing over additional cash for it. Eventually, it became an expected part of the operation to the point where restaurants and similar organizations could offer employees less per hour on the expectation […]
The Rise Of Web-Dependent Businesses And The Importance Of Choosing The Right Technology Providers
Small businesses have long been the lifeblood of the U.S. economy, creating more than half of the nation’s jobs, spawning new ideas, generating 54% of U.S. sales and fortifying communities across the country. This momentum shows no signs of slowing down, with some predicting 40% of Americans will be self-employed by the year 2020. Websites, […]
Options For Nonprofit Payment Processing
When looking for a payment processor, businesses typically also look for additional features like a point-of-a-sale (POS) solutions, inventory tracking, and sales management. Non-profits, on the other hand, require processors that contain recurring billing, donor outreach, and event planning. This means that traditional payment processors may not provide the tools necessary for a non-profit to […]
Fed Finds ACH Surpasses Checks In Corporate Payments
The Federal Reserve made news late last week when it released its newest data on consumer and business payment habits, assessed via data from 2015 compiled in 2016. According to Fed researchers, there were some significant changes in corporate payments activity between 2000 an 2015. The report, published Friday (June 30), found businesses wrote an […]
Accelerating to ‘What’s Next’ For The Payments Industry
It’s no surprise that mobile has changed the dynamic of pretty much everything we do. At Visa, mobile connectivity is providing an ability to grow our business beyond the boundaries of telephony and electricity to anywhere with an Internet connection, bringing the benefits of electronic payments to more remote corners of the world and new […]
Today In Data: Customers Loyalty Program 411
Loyalty programs are great ways to get consumers more engaged with brands. As such, we’ve seen a myriad companies implement loyalty rewards into their offerings. In the 2017 COLLOQUY Loyalty Census, it was discovered that while the U.S. has reached its highest-ever amount of members in loyalty reward programs, the growth rate has actually seen […]