How Inflation is Impacting Payment Trends
April 4, 2022
During times of rising inflation, solutions providers can partner to give merchants capabilities to keep up with payment trends, including BNPL and increased credit card spending.
During times of rising inflation, solutions providers can partner to give merchants capabilities to keep up with payment trends, including BNPL and increased credit card spending.
Consumers demand omnichannel restaurant experiences. VARs and ISVs must help their clients meet this demand with the right technology, including omnichannel payments.
The ideal omnichannel payments provider evolves to meet new demands, is hardware- and processor-agnostic, and prioritizes payment security.
Three industries, cannabis, e-commerce, and automotive offer chances for VARs and ISVs who strategically adapt their point of sale solutions and services to capitalize upon these opportunities.
Based on 2021 holiday shopping statistics, consumers shopped earlier, used their phones, took advantage of the convenience of curbside pickup and used buy now pay later (BNPL) for online purchases.
Offline payment processing can keep a merchant open during an internet outage, but they need the facts to use this capability efficiently and minimize risks.
Cash Discounting and ACH payments are both ways for merchants to minimize the costs of payment processing.
Membership solutions and loyalty solutions encourage return business, but they also provide merchants with a way to communicate with customers – even during a lockdown – and collect data that improves marketing ROI.
Consumer demand for Crypto Payments is growing, and tech is catching up, which could spark greater adoption.
Adding payments to an iOS or Android mobile POS app gives merchants all of the functionality they have at the checkout counter anywhere in the store.
Here’s how post-COVID trends are playing out throughout different verticals, as well as key insights that will help ISVs and VARs guide their clients toward a successful 2022 and beyond.
Merchants need IT and payment solutions to deliver the experiences customers want in-store, online, curbside, and when shopping on their smartphones.
100 New Britain Blvd.
Chalfont, PA 18914
Phone: 215-997-8989
E-mail: sales@dcap.com
Hours of operation:
Monday – Friday 8:30am to 5:30pm EST
Datacap supports regulatory best practices in ADA and EMV with support of the Kiosk Industry Group and the Kiosk Association (KMA). The KMA works directly with the U.S. Access Board and is a participating organization with PCI SSC.
