Tag: Account to Account

Stay updated with insights on account-to-account payments at PaymentsJournal. Explore trends, news, and expert analysis on A2A payment solutions and their impact on financial transactions.

The Pandemic pulled forth Omnicommerce faster than Video Killed the Radio Star. It is no longer a two channel system of face-to-face and eCommerce. Omnicommerce expands the channels and experiences to offer on-demand, delivery, curbside pick-up, in-person and mobile. Social media and voice activated devices continue to add dimensions. Businesses must adapt and combine online and offline interactions with a payment system which supports the interactions, inventory and transactions demanded by Omnicommerce. Payments must remain fast, seamless and efficient yet evolve to account for the multitude of entry points. In this way, consumers will be rewarded and continue to engage and adopt new payment methods. The stakes are high, however as the converse is also true. Unified experiences or bust Customers demand a unified experience. They may purchase in one channel but they can and do return through another. POS systems must be able to retrieve card data and perform reference refunds such that the card data is not stored but the reference to the purchase may be pulled and the tokenized card may be credited. This provides for an efficient consumer experience while remaining PCI compliant A friend relayed how easy it was to return a purchase that his wife made on Amazon. He indicated he would return the items at a Whole Foods store and received a QR code. He walked into the store with the items and had them scan the QR code. He received a credit to his account the following morning. Mother necessity and inventory management Inventory management must track SKU location and be able to accept returns even if an item is not sold through the channel where the return occurs. I recently exchanged a power tool at a Big Box retailer which was purchased online. It was excruciating. The online model was exactly the same as the floor model but because the online model was bundled with other items, I needed to return the entire set even though the floor model was identical to what was purchased online. Because of a different online pricing scheme, staff were not allowed to exchange a floor model with one purchased online. This experience was so full of seams, by comparison, Frankenstein’s head would be unblemished. Inventory management must go further and delineate inventory by buckets such as On-hand inventory Sold but not shipped inventory that much be deducted and Ordered but not received inventory that must be added Reporting, tracking and marketing required Merchants must be able to track customer spend over differing channels and provide guidance for marketing investment. This insight will assist businesses with content creation and promotions which will be more meaningful and personalized. The engagement should meet customers where they are and pair the technological sophistication of the consumer to that of the marketing based on their history.

Worldline’s Latest Comeback Effort: A2A Services for Merchants

by Tom Nawrocki

October 17, 2024

After operating in pilot mode for the past nine months, Bank Transfer by Worldline is now officially launching in ten ...

Adyen and Plaid Partnership: What it Means

by Sophia Gonzalez

November 13, 2023

Adyen, a payment gateway and processor that also offers risk management and acquiring services, recently joined forces with Plaid to ...

Banks Should Consider Next Generation Payment Methods

by Connie Diaz De Teran

January 10, 2023

According to a recent article by the Financial Brand, an Accenture report titled, “Payments Get Personal,” issues a warning to ...

Global P2P Payments Market Continues to Experience Significant Growth

by Connie Diaz De Teran

January 5, 2023

Globally, the peer-to-peer (P2P) payments market is set to reach $4.93 billion in 2026, according to a recent report. The ...

How to Bring Immediacy Back to the Supply Chain With Faster Payments

by Adam Steenhard

December 29, 2022

Today’s supply chain is in complete disarray. As transportation costs rise and warehouses struggle to meet demands, the financial sector ...

Rapyd Launches Virtual Accounts for Cross-Border Payout Management, A2A payments

Competition in Payments: The Rise of A2A payments and the Role of Regulation

by Esther Groen

November 15, 2022

Payments modernization is a hot topic right now—and for good reason. New and innovative digital payment technologies and instruments are ...

Importance of Real-Time or Faster Payments for Banking A2A Transfers:

by PaymentsJournal

March 18, 2022

Importance of Real-Time or Faster Payments for Banking A2A Transfers: Don’t miss another episode of Truth In Data! Click on ...

Checking in on the Progress of Real-Time Payments in Europe

by Sarah Grotta

January 3, 2022

As those in the U.S. hear so often, Europe is far more advanced in the development of a modern payments ...

A Global View of Checking Account Payments at the Point-Of-Sale

by Sarah Grotta

October 21, 2021

In the U.S., when we refer to an Account-to-Account (A2A) transfer, most think of that as a me-to-me movement of ...

GoCardless Report: Slow Payment Collection Hurts Businesses’ Cash Flow

by PaymentsJournal

September 23, 2021

Getting paid on time is essential for businesses of all sizes to maintain a positive cash flow. Even so, businesses ...

Tag: Account to Account

Worldline’s Latest Comeback Effort: A2A Services for Merchants

Adyen and Plaid Partnership: What it Means

Banks Should Consider Next Generation Payment Methods

Global P2P Payments Market Continues to Experience Significant Growth

How to Bring Immediacy Back to the Supply Chain With Faster Payments

Competition in Payments: The Rise of A2A payments and the Role of Regulation

Importance of Real-Time or Faster Payments for Banking A2A Transfers:

Checking in on the Progress of Real-Time Payments in Europe

A Global View of Checking Account Payments at the Point-Of-Sale

GoCardless Report: Slow Payment Collection Hurts Businesses’ Cash Flow

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