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

Stax

Digital payments incorporate robust security features to protect sensitive information and prevent fraud. Encryption techniques ensure that payment data is transmitted securely between parties, making it difficult for unauthorized individuals to intercept or access sensitive information.

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Statistics for Cash and Credit Card Use for Payments in 2024

Clearly Payments

Limited Business Acceptance: The decreasing popularity of cash is propogated by a decline in businesses willing to accept it as a form of payment. Data from the Federal Reserve reveals a stark reality—only 60% of businesses in the United States currently accept cash.

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Mastering Subscription Payment Processing: Recurring Payments & Management

Segpay

Compliance and Reporting To maintain compliance with financial regulations like PCI DSS and GDPR, businesses must securely process and store payment data. Additionally, tracking payment trends and generating reports help in optimizing subscription models and improving financial forecasting.

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UK consumer payment trends 2025: Insights from the latest behaviour survey

The Payments Association

Frequency of using wearable payment device for everyday purchases Wearable payments remain niche but are showing early signs of growth among younger, affluent, and tech-engaged consumers, particularly in urban centres. PayPal, Venmo) the second most popular at 18%.