The gig economy boomed in 2020 as consumers turned to these platforms as a source of income and as a convenient way to order meals, groceries and other goods during the pandemic. A November study showed freelance wages and participation up 33 percent over 2019,...
The pandemic has caused a windfall for online sales, and experts say the trend will stick. The United States eCommerce sector alone rose 39 percent compared to the same period one year ago. Global business-to-business (B2B) payments slipped between January and June, however, and it appears that convenience,...
Plans for card network giants Visa and Mastercard to raise interchange fees in April were met with resistance among merchants and politicians, as many businesses are still working to overcome challenges wrought by the past year’s events. The two companies agreed to delay the increases...
Interchange fees, assessed by credit card companies on merchants for credit and debit card transactions, have taken center stage. Companies are assessed these costs by financial institutions in exchange for taking the credit risk and handling these transactions. Visa and Mastercard have delayed more than...
June 24, 2021
Interchange fees, assessed by credit card companies on merchants for credit and debit card transactions, have taken center stage. Companies are assessed these costs by financial institutions in exchange for taking the credit risk and handling these transactions. Visa and Mastercard have delayed more than $1 billion in higher fees until next year. One solution […]
April 12, 2021
Business-to-business (B2B) commerce has gone increasingly digital during the pandemic, and cybercriminals are seeing this as an opportunity to launch new scams. Replacing cumbersome manual methods with digital payments is...
December 22, 2020
The pandemic has forced businesses to pivot quickly to continue their operations — both domestically and internationally — with relative ease as the health crisis affects everything from supply chains...
November 11, 2020
Domestic B2B payments are complicated enough, but making these payments across international borders is a whole other challenge. Companies that rely on cross-border B2B payments may not have to deal...
