The continuous evolution of technology and the payments industry leads to new and improved solutions to business problems. As an ISV, it is important to be aware of what’s happening in the industry and how new solutions can contribute to your business. Don’t stress, we’ve done the work for you—now you just need to decide which trends to execute on. Here are three trends happening right now and how they could boost your business as an ISV:
The U.S. travel industry as a whole has been on a steady incline since recovering from the economic recession a decade ago. Companies can compete by offering unique experiences to their customers in whatever travel-related vertical that they’re in. Millennials are especially known for craving unique experiences, and 77 percent of them will use all or most of their vacation time this year. Let’s take a look at some recent technologies that are beginning to impact the way we travel, whether it’s in transportation, hospitality or restaurants:
The European General Data Protection Regulation (GDPR) came into effect on May 25, 2018, ushering in a new era of digital privacy across Europe. Although the legislation has been in place for almost a year, there are still many uncertainties and misconceptions around it, particularly among merchants based outside of the EU.
How many times have you needed to split a bill or pay back a friend but didn’t have cash? For me, it’s a regular occurrence. Just a few weeks ago, I joined six of my friends for the Game of Thrones Season 8 premiere. We ordered a few pizzas, drinks and snacks on Uber Eats and watched eagerly as (SPOILER!) Jon Snow learned he’s actually a Targaryen. When it came time to pay for my share of the order, I pulled out my phone -- not my wallet. I Venmo’d my friend $20 (description: 🍕🧟⚔).
We are all shoppers in the retail world.
Sometimes, you require consultative experiences where a sales associate helps you to find what you are looking for. But sometimes, you know exactly what you want and just need an easier way to shop. Different customers have different needs and as retailers, it is important for you to reach them wherever they are – in-store, online or on mobile. To keep up with the innovative solutions out there, customers need to be constantly delighted with new experiences and one of these innovative experiences that are gaining popularity is augmented reality (AR).
