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

It seems like every few months there’s another retail innovation that dominates the headlines. For example, many storeowners are still reeling from the news about Amazon Go — the first supermarket of its kind.  Although in the pilot phase, Amazon Go takes the concept of “self-checkout” to the next level. Customers can walk in, load their baskets, and walk out — all without interfacing with a cashier. In fact, there’s no physical checkout process — not even with a machine-based scanner. 

Topics: Software and Payment Integration, Payment Technology, 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

Throughout most of retail history, point-of-sale (POS) technology focused exclusively on payment acceptance — i.e., cash, checks, and credit cards.  Yet, with time and innovation, POS systems became more robust, allowing businesses to:  Accept more payment options — such as ACH and mobile wallets  Collect consumer data and shopping preferences  Manage loyalty programs and rewards

Topics: Payment Technology, Small Business Tips, Enterprise 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

Most credit cards in the U.S. still come with magnetic stripes on the back — reserved for “swipe-and-sign” transactions. However, magstripe cards are easy to clone, making them prone to fraud and abuse. Signatures offer little additional protection, which is why the major credit cards have recently dropped this verification requirement.  In recent years, the payment industry has encouraged customers and businesses to shift from magstripe technology in favor of:

Topics: EMV, Mobile Payments, Payment Technology, PCI Compliance and Fraud Prevention, Small Business Tips, 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

A point-of-sale (POS) system is the mix of hardware and software that allows you to process payments for goods and services at the checkout counter. Historically, getting started was prohibitively expensive, which is why only the biggest retailers could afford a POS.  Though as with all technologies, POS systems became better, faster and more affordable — allowing smaller retailers to begin using them.

Topics: Payment Technology, Small Business Tips, Getting Started with Payments, Consideration