Text messaging has staggering adoption rates in the US, making it the perfect channel for payments. See how Pay by Text can help your business get paid on time.
In the past decade we’ve seen a significant rise in the prevalence of recurring payments. Part of this is due to increased consumer adoption of electronic payments, while the popularity of services such as Netflix, Amazon Prime, Microsoft Office 365 and others have made recurring billing the norm for subscriptions.
COVID-19 is changing the way credit unions interact with members. Face-to-face interactions, which have been a defining feature of many credit unions when compared to conglomerate banks, have lost their potency in a time of social distancing, stay at home orders and work from home dynamics. In particular, many traditional loan repayment processes have been thrown into disarray.
Your customers want to be able to use a debit card to make online bill payments. Here’s how you can give them the seamless experience they expect and payment choice they deserve.
PayNearMe has been keeping a close watch on consumer bill pay data since the beginning of the COVID-19 pandemic. Our team has continued to work through the data to pull out insights and trends that affect the consumer finance industry.