Four Ways Technology Has Changed Traditional Payments

When we think about payments, experiences have changed significantly over the last 50 years. Technology advancements, the need for convenience, security and regulations have all played a part in causing significant shift in the way we pay for goods and services. Historically, only cash was used for most purchases. Checks became a viable option for bigger purchases as it allowed people to carry reduced amounts of cash. Next, came the plastic credit and debit cards where just one swipe changed everything and enabled our wallets to be smaller but our purchasing power to be bigger.

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Smart Cities May Be the Solution to Sustaining Rapid Urbanization – Especially in Transit

If history has shown us anything, it’s that the overwhelming world trend is toward urbanization. In 1950, there were only 85 cities with over one million people. By 2000, there were 387 cities with over one million people. By 2050, the U.N. expects that 68 percent of the world’s population will live in urban cities.

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Four Factors to Consider When Upgrading your Payment Technology

Over the past decade, consumers have changed the way they shop. Some are shopping using online platforms, and others shop on their mobile devices. But, safe to say, almost all of them are still visiting brick-and-mortar stores, and they expect an experience on par with the advanced technology available on all other channels.

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The Four Trends Driving the New World of Commerce

I’ve worked for several fintech companies, often in turbulent times, but I don’t believe I’ve ever seen our industry in quite as extraordinary a place as it is right now. We live in a time of global commerce and connectivity. Understanding the complex forces driving our industry will give you the power to shape what success means. As one of the global leaders in payments, we’ve identified the four main trends that are creating what we call The New World of Commerce. Over this series of blogs, I’m going to discuss each of these trends in turn. Understanding this new world will put you in the best position to grow – now and in the future.

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Using Artificial Intelligence in Retail to Transform the Customer Experience

Artificial intelligence (AI) can be transformative for every aspect of a retailer’s business. With AI, retailers can automate the supply chain, utilize data to drive sales and hyper-personalize the customer experience. While AI sounds futuristic, it’s closer than you might think. Juniper Research predicts retailers will spend $7.3 billion on AI by 2022, compared with the approximately $2 billion spent in 2018.

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