Blog Archives

01
Sep
Covid-19  ·  Technology
Covid-19: The digital acceleration it caused that no one saw coming

To suggest that COVID-19 has transformed the future of business would be too obvious. But, in certain industries like retail, it is hard to fathom just how much change the pandemic has ignited. The crisis has expedited society further into

by FiNet

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19
Jun
Contactless Payments  ·  Digital Payments
Mastercard survey shows global surge in digital payments

Mastercard Inc. released a study showing consumers worldwide are using contactless and other digital payments at record levels and moving away from cash due to concerns about COVID-19. The Mastercard research shows that nearly seven in 10 consumers globally expect

by FiNet

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18
Jun
Covid-19  ·  Economic Forecasts
COVID-19 – What a Difference Eight Weeks Makes

A report from The Strawhecker Group In early April, TSG published commentary on the impact of the COVID-19 crisis on merchant acquirers. Two months ago, we were seeing a dramatic and overwhelming financial crisis unfolding as the vast majority of U.S. merchant

by FiNet

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03
Jun
Covid-19  ·  Payment Trends
Measuring COVID-19’s Impact On Consumers’ Payment Preferences

The COVID-19 pandemic and safety measures taken to slow the virus’s spread have overturned consumers’ daily lives, including what they are buying and which payment methods they are using to transact. Households stocked up on necessary items to reduce how

by FiNet

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28
May
Covid-19  ·  Economic Forecasts
Report: April saw massive decline in card volume; Ohio fares best for faster recovery

A new report released by The Strawhecker Group, the world’s largest analytics and consulting firm focused on the payments acceptance industry, revealed the economic toll faced by small businesses throughout the month of April as a result of the COVID-19

by FiNet

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27
May
Covid-19  ·  Retail Trends
Retailing 2020: Five Things To Watch

The pandemic was unprecedented when it showed up in February and March; the phases of its aftermath will also be without a reference point. While it’s clear that the digital shift will stick in the retail ecosystem, other elements of

by FiNet

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20
May
EMV  ·  Pay-at-the-Pump
Mastercard extends EMV deadline, launches fraud mitigation plan

Mastercard is launching a consumer protection plan to reduce fraud at the gasoline pump as it postpones the EMV Automated Fuel Dispenser liability deadline for fuel merchants until April 2021. Mastercard is joining other major card companies in providing a

by FiNet

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19
May
Covid-19  ·  Mastercard
Mastercard Says New Data Show Spending Headed Toward ‘Normalization Phase’

New network data from Mastercard Inc. show U.S. switched volume is off 6% year-over-year for the week ending May 7 compared with a 26% decline in the week ending April 30. Mastercard on Thursday released two more weeks of network data,

by FiNet

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12
May
Covid-19
How businesses are redesigning payments to survive the pandemic

The COVID-19 pandemic has sent the entertainment, fitness and restaurant sectors scrambling to adapt their revenue models and maintain customers’ loyalty during lockdowns. Business owners in these industries are learning how to survive financially as consumers abide by stay-at-home orders,

by FiNet

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21
Apr
Covid-19  ·  Payment Trends
Anticipating the consumer spending rebound

The coronavirus pandemic winds on, and while it seems like it’s been forever, when — and not if — we emerge from all this, consumer spending will be altered. In an interview with Karen Webster, Chuck Fagan, president and CEO

by FiNet

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