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Payment Trends to Watch For in 2021

Payment Savvy

It’s why merchants should keep an eye on payment trends to ensure they’re ahead of the curve. As payments continue evolving, companies are finding new strategies for improving customer experience and optimizing software through them. Since payments are ubiquitous, they give businesses and platforms a growth opportunity.

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B2B Payments Remains Without A Clear Picture Of Faster Payments’ Impact

PYMNTS

Federal Reserve made its own progress in exploring how the nation’s regulatory environment can support faster payments progress while maintaining security, while NACHA offered up some new data on same-day ACH volume growth in the country. billion in funds transferred using Same Day ACH, an average of $650 per transaction.

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Adobe On How Regional Payments Enable Global Growth

PYMNTS

The rise of processing providers has made regionalized payment instrument access easier compared to a decade ago, however, and merchants typically choose to integrate with them for this type of support, Barker explained. Avoiding Payment Failure . Europeans, by contrast, are paid once per month.

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Anticipating B2B Payments Evolution With B2C Payments Trends

PYMNTS

One-third said they predict paper checks will die within five years , a finding that coincides with separate research from NACHA and the Credit Research Foundation that found ACH B2B payments are expected to finally surpass paper checks by 2020.

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