Credit card security is a big topic in any industry. We see and deal with hacking events on a regular basis. And not just from small companies. It happens to the big guys too. Make sure as you grow and understand your business, you understand the value of payments and security.
We are bringing back this topic, because it's a BIG one. Payment trends for 2019 are going to blow away what expectations have been in the past. Read, watch, and pay attention to what WashCard is bringing to the game for this year.
Back in 2017, we wrote about payment technology changes in the industry. It was then predicted that by 2020 we would see a 12% decrease in cash, and 18% of consumers would use digital currencies. What we have seen in the industry is certainly gaining ground on those numbers. Cash is going away, and digital is here to stay. We believe there is a lot to be said for keeping up with the times. Here are the latest payment trends to look out for in 2019 and beyond.
Credit card fraud today seems about as common as McDonald’s locations. Whether it’s a personal credit card, or another company whose information has been hacked. It’s no secret that it happens and consumers and companies alike pay a lot of money to protect themselves from such occurrences, rightfully so.
The market for mobile payments is growing quickly in the United States and is especially growing in Canada. Smartphones have replaced Canadians’ maps, alarms, translators, and personal trainers. Wallet’s surely could be the next big thing to be replaced.
Whether you already have business accounts, or you're just thinking about adding them to your business, it's time to seriously consider adding more. Why, you ask? Well, just look at the data.
With the crazy world of mobile phones and new applications, there starts to become a lot of competition in the market. Anywhere you turn, "there's an app for that". That CAN be catchy, but what does it really mean?