The Future of Payments: Why More Investment in Payment and Payout Choices is Essential – Now
2023 is moving, quickly. We're beginning conversations with our customers and partners about 2024 plans and strategies, the payments landscape in the...
The number of people in the UK who will use their smartphones for contactless payments in stores is expected to rise by almost three million from 2022 to 2026.
American merchants looking to tap into the U.S. market must excel in two areas that continue to shape digital commerce: compliance and varied payment methods. Integrated platforms offer a complete solution where companies can quickly adapt to these new trends and areas of innovation to take the payout systems they offer clients to a whole new level.
Let's dive into five market trends that shape the U.S. market and how businesses can capitalize on them through integration.
Digital Security and Compliance: A Non-Negotiable Priority
Security is paramount in today's business world, whether it involves transactions with a single click or exchanging personal data in seconds. As cyber threats evolve and become more sophisticated, this becomes more crucial, especially as the U.S. status remains a prime target for online attacks and digital breaches.
With a robust security system featuring KYB processes, streamlined compliance offers a proactive approach to responding to cyberattacks and online threats. It harnesses the power of security elements like multi-factor authentication, end-to-end encryption, and real-time fraud detection.
As compliance and security are incredibly important for U.S. businesses both domestically and when transacting across borders, the need for an integrated and scalable payment orchestration solution becomes paramount.
Alternative Payment/Payouts: Catering to a Diverse Digital Population
Many American (and global) consumers, contractors, and gig workers now desire more choices in their payment and payout choices, using APMs like direct debit and ApplePay, e-wallets, peer-to-peer payments like Zelle, and much more.
For companies looking to stay ahead of the curve and handle these changes, adopting a partnered payment platform can substantially increase your payout selection and your global reach.
What stands out in a payout platform is that it’s not just about offering more options; it's also about ensuring that each one operates with optimal efficiency and the highest level of security and compliance.
For U.S. businesses, integrating with Masspay will simplify their entire payout process within the 50 States as well as worldwide.
Partnership: Collaboration Leads to Progress
Strategic partnerships in payment technology aren’t new, but the technology partnerships that are needed to help companies enhance their capabilities across payments, geographical reach, and compliance.
These partnerships are also valuable to help stay ahead of trends and actively predict new industry shifts, ensuring businesses can remain competitive in the dynamic U.S. market.
In a nutshell, technology partnerships offer:
Beyond the Borders – Reach, Compliance, Integration, and Orchestration
The following sections outline how MassPay enhances American merchants' reach, compliance, integration, and orchestration capabilities, offering a comprehensive solution that empowers businesses to thrive globally.
Keep reading to learn how MassPay robust global payment platform can help American merchants face the challenge of adapting to diverse markets and payment preferences to expand their business internationally effectively.
Understanding the Value of User Experience
In digital transactions, user experience can make or break future customer loyalty. For many businesses looking for long-term success, an optimal payee experience should always be top of mind.
Both in the U.S. and globally, contractors, gig workers, and consumers aren’t just looking for diverse payment options and top-notch security; they want a smooth, intuitive, and hassle-free transaction process using their preferred method of payment.
Payout orchestration platforms like Masspay create a seamless experience for users in the U.S. (and across 238 countries) and let businesses pay people the way they want.
Shaping the Future of U.S. Digital Commerce and Global Growth
Undoubtedly, the U.S. digital payment landscape brims with opportunity, calling for forward-thinking business strategies and business owners. With help from MassPay, you respond proactively to market trends and customer preferences as they unfold.
Visit our website to learn how MassPay can help you confidently navigate the dynamic world of U.S. digital payments and start transforming your business's payout endpoints today!
2023 is moving, quickly. We're beginning conversations with our customers and partners about 2024 plans and strategies, the payments landscape in the...
Updated: 2 April 2024 With the payout orchestration landscape changing as quickly as it is, keeping up with various technology and services available...
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