BluePay Blog

The in-vehicle payment market is considered relatively new with some of the first mentions of its potential in 2017 when researchers started tracking this business segment. The first signs of this new payment method appeared in 2016.   Current and Projected Growth Now, according to research firm Technavio, the global in-vehicle payment services market is set to increase by over 195% during the period from 2017 to 2021.

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

When looking at a way to expand your business offering, one way to do so is through subscription-based products and services offered through your website. A McKinsey study found that the subscription-based e-commerce market in the U.S. increased from $57 million in 2011 to $2.6 billion in 2016. And, it’s still growing at a considerable rate with more opportunities, especially since consumers are subscribing to everything -- from Netflix and Spotify to phone apps to curated product boxes with snacks, educational toys, food and prepared meals, clothing and makeup, and even pet items.

Topics: Due.com Partner Posts, Recurring Billing and Electronic Invoicing, Small Business Tips, Enterprise Business Tips, Payment Trends

Improving the customer experience should be at the top of every company’s strategic objectives list in 2019. To win new business and keep current customers, every aspect of the purchase process should be scrutinized to see where improvements can be made, including retail engagement strategies.  Since customers want to complete their purchases as quickly as possible after making the decision to buy, payments have become a focal point of in-person, online, and mobile transactions.

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

Payment security is an ongoing concern for those who make payments in-person, online, and through their mobile devices. But, it becomes an even greater worry for the businesses that accept payments and become liable for any security breaches or fraud. According to a report by the Identity Theft Resource Center, although the number of U.S. data breach decreased 23 percent from 2017 to 2018, the number of exposed records increased 126 percent year over year.

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

You may be doing well with your small business, bringing in steady revenue. In the back of your mind, you may wondering if there are other ways to generate revenue and enjoy business success. However, as a small business owner, you may not have the bandwidth or funding available to develop a new product, acquire another company, or add locations. There is another way to smart business growth, and it’s known as the subscription service model.

Topics: Due.com Partner Posts, Recurring Billing and Electronic Invoicing, Small Business Tips

Payment methods and preferences continue to evolve and change. Contactless payments -- also known as tap and pay -- have been one of the trends on the radar for the last few years. In 2019, there are more changes in mobile payments and contactless payment trends that are important to watch to ensure your business is addressing customer expectations.

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

ATMs have been a go-to convenience for consumers and business owners for decades. Found all over the world on the main streets of cities, in shopping centers, gas stations, and restaurants, ATMs have been the life-saver for getting quick cash, as well as avoiding standing in line at the bank just to do a quick deposit.  As such a relied-on device, it’s hard to even imagine that recent predictions estimate that the ATM is set for extinction in less than 25 years.

Topics: Due.com Partner Posts, Financial Institutions, Payment Technology, Payment Trends

One of the most significant payments trends in 2019 is mPOS. If you have a physical retail space or a pop-up shop, or work in a service-oriented business where you can offer on-site payment as a convenience, then you’ll want to know what the rise of mPOS means for you. 

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

With technology continuing to advance, it’s critical to stay informed about what’s on the horizon so you can start thinking about whether the emerging options are a strategic fit for your business. And, while you may just be in the midst of adopting more cloud-based technology to run your daily operations, you may want to press pause while you consider the recent appearance of what is called edge computing. 

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

Introducing a new product or service is one of the best strategic approaches to growing a small business. It’s a way to hold the interest of your existing customer base while reaching out to new audience segments that may now be interested in what you have to offer.  Although you may think the most challenging aspect to adding a product or service is to do something unique that stands out in the market, even more difficult is often setting the price for that introduction.

Topics: Due.com Partner Posts, Small Business Tips