Blog Archives

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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20
Apr
Contactless Payments  ·  Covid-19
Contactless payments skyrocket because no one wants to handle cash

As more people worry about catching coronavirus from touching cash and credit-card terminals, a onetime niche technology is roaring into the mainstream. Use of contactless mobile payments — services that once struggled to catch on in the U.S. — is

by FiNet

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17
Apr
Covid-19  ·  Paya Connect
For restaurants, now is the time to take bold steps to save money and prepare for a new future

Like most small businesses, restaurants have been hard hit by the current business landscape. However, many have had the opportunity to stay open by adapting to a new business model — carry out and delivery. In doing so, some of

by FiNet

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10
Apr
Contactless Payments
US Market Finally Primed to Embrace Contactless Payments

More than five years after the launch of Apple Pay and four-plus years after the US POS liability shift for EMV, the US market finally appears set to fully embrace contactless payments. To date, consumer adoption of contactless payments (also

by FiNet

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09
Apr
EMV  ·  Pay-at-the-Pump
Visa denies request to delay Oct. 1 EMV deadline for fuel pumps

The EMV liability on the forecourt is still on target to shift in less than six months. The National Association of Convenience Stores (NACS) joined with several other fuel retailing groups to ask the major financial card networks to push

by FiNet

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07
Apr
Coronavirus  ·  Studies
New Data: Why COVID-19 Will Be The Connected Economy’s Inflection Point

March 11 marked the end of traditional business in the U.S., maybe even the rest of the world – and probably forever. That was the day when the World Health Organization (WHO) declared COVID-19 a global pandemic and federal, state and local

by FiNet

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06
Apr
Cashless Business
Cash or cashless: The flaws in today’s payments debate

There is a constant debate on whether global economies should continue to offer cash payments or go cashless by converting solely to digital. Critics say this move would disenfranchise unbanked, cash-dependent consumers and does not drive financial inclusion, while others

by FiNet

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03
Apr
Coronavirus  ·  Fraud
Enhancing Online Customer Experience While Fighting Fraud During the COVID-19 Pandemic

There is already a lot of data that reveals that the coronavirus pandemic is impacting online shopping behavior. According to data from Adobe Analytics, which monitors the e-commerce transactions of 80 of the top 100 U.S. retailers, the fallout has led to the

by FiNet

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