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As PYMNTS found in a recent consumer study, 40 percent of individuals are doing more of their daily retail and transactionsonline, partly because, well, there’s no other way to do it. It’s a reckoning that that can help them cross the Rubicon toward contactless (and, specifically, mobile) payments. Getting Prepared.
And it is the consumer’s expectation of payments done with speed, account to account, that will create ripple effects for banks, merchants, corporates and corporate transactions. I don’t have to think about the bank clearing and settlement cycle. The Merchants. It’s to the merchant’s benefit to get money sooner,” he said.
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