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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

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There’s no question that cashless payment systems and digital payment adoption have accelerated over the last few years. In 2019, 77% of US consumers were using at least one type of digital payment system. Setting up mPOS in your business Mobile POS systems are easy to adopt. By the end of 2020, that rose to 78%.

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What is B2B Payments Processing and How Do You Implement It?

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During the 2020s, almost all businesses will have been looking at b2b payments processing solutions to meet changing consumer needs. Online and contactless adoption multiplied, and digital payments rose. Between 2019 and 2020, the number of U.S. consumers using two or more types of digital payment methods increased by 8%.

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Tap to Pay: What It Is and How It Works

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In 2015, many merchants switched to NFC-enabled terminals; by 2019, most banks were issuing contactless cards. Payment aggregators Payment aggregators, such as PayPal, have a unique system that doesn’t require businesses to set up a merchant account. Once the thought of the tap was there, the behavior followed.

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What are Merchant Accounts and How Do They Work?

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Features eCommerce, in-person, and mobile payments all in one U.S.-based After acquiring the Worldpay system in 2019, FIS became the largest payment processing company in the world. FIS Global also offers both a virtual terminal system and Commerce 360 platform for integrated payment processing and inventory management.

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The Complete Guide to Merchant Services for Small Business Owners

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Merchant services are comprehensive solutionstools, systems, and supportthat allow businesses to process in-person and online payments. Simplified payment management Global cash usage dropped by 80% in 2019 and continues to decrease by 4% each year. Mobile payment solutions. ACH transactions), and more.