BluePay Blog

2019 is nearly over, which means it’s time to get ready for all the opportunities and challenges that businesses will face in 2020. Payments are an integral aspect of business, so it’s important to stay on top of the trends that emerge each year. Here are some of the forecasted payment trends for 2020 and how they may impact your business in the new year.

Topics: Due.com Partner Posts, Small Business Tips, Payment Trends

Even with a holiday shopping season that has been calculated as more than a week shorter than past years, estimates point to record holiday revenue. That means more opportunities to grab your share of the sales. Here are some of the holiday shopping revenue predictions, along with what you can do to tap into them as a small business. 

Topics: Due.com Partner Posts, Mobile Payments, E-Commerce and Online Payments, Small Business Tips

A recent Deloitte report provided insights into the opportunities and challenges of B2B middle market payments. This specific market of small and medium-sized businesses makes up a considerable part of the U.S. economy, but struggles to get the type of payments solutions they need despite the ongoing digital transformation of business.

Topics: B2B, Due.com Partner Posts, Small Business Tips

Wherever there is opportunity, companies want to gain as much share as possible. Unfortunately, opportunity also means that there are criminals that see potential for themselves – from counterfeit money to counterfeit goods. Counterfeit Fraud on the Rise And, with the rise in online shopping for all types of brands, there is also an increase in counterfeit goods being sold online.

Topics: Due.com Partner Posts, E-Commerce and Online Payments, PCI Compliance and Fraud Prevention

2019 marks the year that many mobile carriers launch their 5G networks. It’s the fifth generation of wireless technology. The changes include new smartphones with 5G capability, which have only recently hit the market. That means most people don’t yet have access to this powerful network. However, it’s important to start covering the 5G revolution as it starts to prepare retailers for the opportunities to come so changes can start now to accommodate the new network.

Topics: Due.com Partner Posts, Mobile Payments, E-Commerce and Online Payments, Payment Technology, Small Business Tips, Payment Trends

In June, Facebook announced Libra, a cryptocurrency that allows Facebook users to make purchases or send money to other Facebook users without any fees attached to these transactions. You can use it online, at exchange points that include certain retailers, through a third-party wallet app, or as part of Facebook’s Calibra wallet. It is set to launch for public use during the first half of 2020.

Topics: Due.com Partner Posts, Mobile Payments, E-Commerce and Online Payments, Payment Technology, Payment Trends, Consumer Education

New information shows that data and payment fraud haven’t decreased. If anything, the problem appears to be growing. The 2019 AFP Payments Fraud and Control Survey shows that 82 percent of companies were targets of payments fraud during 2018. Other figures from the report also present some alarming statistics about data and payment fraud. Additionally, 80 percent of organizations experienced Business Email Compromise (BEC) that included scams targeted at checks and wires, while 70 percent of organizations experienced check fraud.

Topics: Due.com Partner Posts, PCI Compliance and Fraud Prevention

At one point, RFID was pegged as the disruptive retail technology that would forever change how this industry operated. And, while RFID had a positive impact and has helped evolve retail to address the need for a frictionless process, the power of the Internet of Things (IoT) – a networked infrastructure that connects multiple devices to share data in faster, more varied ways – has certainly evolved over the last 10 years.

Topics: Due.com Partner Posts, Mobile Payments, Payment Technology, Payment Trends

Although it sounds more like something out of a science fiction novel or movie, facial recognition is gaining ground as a technology for identify verification. If you have an iPhone, you may already be using this biometric method.  Rather than entering a password, your smartphone recognizes you from a scan of your face that it took when you first used it. From there, many more apps have integrated the facial recognition technology. 

Topics: Due.com Partner Posts, Mobile Payments, Payment Technology, Payment Trends

The last thing any online or in-store retailer wants is for their customers to abandon their shopping carts. That means a lost sale in the present and the potential for lost sales in the future if the customer decides to not return. However, some retailers have been so accustomed to controlling the transaction process that they have lost touch with what their customers want out of a checkout experience. 

Topics: Due.com Partner Posts, Mobile Payments, E-Commerce and Online Payments, Payment Technology, Small Business Tips, Getting Started with Payments, Payment Trends