Reseda Group’s Post

The Federal Reserve Payments Insight Brief has revealed that US businesses are embracing digital, faster, and instant payment services with open arms to enhance customer experience and streamline their operations. In 2023, the usage of digital wallets surged by a remarkable 31% year over year to 62%, predominantly driven by large businesses and the service industry. Furthermore, same-day ACH use witnessed a solid 13% growth across businesses of all sizes, with very large businesses seeing a substantial 17% increase. The adoption of other electronic payment methods like next-day ACH and debit cards also saw significant upticks in usage. Overall, an impressive 86% of businesses reported leveraging one or more faster/instant payment services – now that’s progress! 📈💳

As consumers transition to contactless payments, some merchants may still have questions on the benefits to Tap on Phone. Check out these FAQs to help merchants understand how to use this new digital payment technology. https://lnkd.in/g5Nknkhh

Remember the days of manual transactions, where cash ruled and inconvenience lingered? Now, witness the seamless transition to the payment processor era! Today, advanced payment processors pave the way for rapid, secure, and fluid transactions. Tecnica Systems is at the forefront, propelling retail into a new era of efficiency and convenience with every purchase. Join us in embracing this technological shift as we redefine the retail landscape, one transaction at a time.

The Federal Reserve Payments Insight Brief has revealed that US businesses are embracing digital, faster, and instant payment services with open arms to enhance customer experience and streamline their operations. In 2023, the usage of digital wallets surged by a remarkable 31% year over year to 62%, predominantly driven by large businesses and the service industry. Furthermore, same-day ACH use witnessed a solid 13% growth across businesses of all sizes, with very large businesses seeing a substantial 17% increase. The adoption of other electronic payment methods like next-day ACH and debit cards also saw significant upticks in usage. Overall, an impressive 86% of businesses reported leveraging one or more faster/instant payment services – now that’s progress! 📈💳 #DigitalPayments #InstantPayments #FasterPayments

📈 In 2023, Digital Wallets accounted for $14 trillion in consumer spending. Projections show this amount will surge to $25 trillion in Global E-commerce and POS transactions by 2027. (Source: Global Payments Report 2024 from Worldpay). As the fastest-growing payment method, Digital Wallets are expected to dominate the Middle Eastern and African markets by 2027. CR2’s Digital Wallet caters to all market needs. Transform your payment experience today – https://lnkd.in/dVCyP_Dq #DigitalBanking #DigitalWallets #Payments

Digital wallets are poised to revolutionize in-store payments, overtaking debit cards by 2027. Our latest #GlobalPaymentsReport delves into this transformative trend, highlighting the rapid shift towards digital payment solutions globally. Want to dive deeper into the future of finance? Dive into this article by Payments Dive to understand the driving forces behind this transformation: http://spr.ly/6045ZA5uP #DigitalWallets #PaymentTrends

With every choice at checkout, European consumers are reshaping the payments landscape. While #DigitalWallets dominate overall, #A2A is emerging as the preferred payment in five countries. Are you equipped with the knowledge to supercharge your business? Don't miss out – uncover the insights now: http://spr.ly/6048jBBg2 #GPR2024 #Worldpay #PaymentTrends #GlobalPaymentsReport #PaymentExperiences #DebitCards #Cash #PaymentChoices #EuropePayments #ConsumerPayments

Digital payments are surging, and cash payments have declined even in traditionally cash-dependent regions. Check out this infographic breaking down the latest payments insights for merchants. https://bit.ly/3u9ECQV

The Credit Card Competition Act 2023 is set to potentially change the online payment landscape. A2A payments have become an increasingly popular option in this new economic atmosphere, and we are witnessing a shift in the way businesses and customers interact in the digital commerce sphere. 🛒 Explore how these changes could potentially redefine the world of e-commerce with Nuvei 🚀

Are you ready for the digital payment revolution? Don't get left behind! Reach out today to ensure your business is equipped for the future of commerce. Let's navigate the world of electronic payments together. #DigitalPayments #FutureOfCommerce #MerchantServices