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

Stax

In 2019, 77% of US consumers were using at least one type of digital payment system. Between 2019 and 2020, there was an 8% rise in the number of consumers increasing their payment options to two or more types of digital payments. What makes mobile POS systems unique? By the end of 2020, that rose to 78%.

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Vantiv Worldpay Merchant Services by FIS

Stax

In June 2019, Fidelity National Information Services ( FIS ) acquired Worldpay in a massive $35 billion deal, making it the largest financial technology merger at the time. Stax and Worldpay: A Powerful Partnership Stax is one of the largest Independent Sales Organizations (ISOs) partnered with Worldpay.

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Tap to Pay: What It Is and How It Works

Stax

In 2015, many merchants switched to NFC-enabled terminals; by 2019, most banks were issuing contactless cards. NFC even enables smart packaging to provide customers with product and usage information at the point of sale. Apple Pay caught up in 2014; in 2015, the wearables market made everyone aware of the tap’s potential.

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What is Click to Pay and How Does It Work?

Stax

The payment system was introduced in 2019 by the major card schemes, including Visa, American Express, Mastercard, and Discover in response to the demand for a more standardized, frictionless, and secure online payments regime. You should also monitor transaction data to evaluate the success of your investment in a new payment system.

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What are Merchant Accounts and How Do They Work?

Stax

Types of Merchant Accounts Type Description Ideal for Services Notes Retail Merchant Accounts Process payments in-person at brick-and-mortar stores Retail stores, supermarkets, restaurants, beauty salons POS integration, high-volume processing Fast processing, secure transactions.

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

Stax

Between 2019 and 2020, the number of U.S. Most B2C transactions are performed at the point of sale (POS), whether it’s eCommerce or in-store checkout, which lends them to faster payment methods like mobile payments more often than B2B transactions. What are the Most Common B2B Payment Methods?

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5 Benefits of ACH Payments Over Check Payments

Stax

Setting up ACH payments is easy with a great merchant account service like Stax. A recent study by the Better Business Bureau states that fraud and identity theft rose by 45% from 2019 to 2020. The same study indicates a 72% increase in account takeover since 2019. Q: How can businesses implement ACH payments?