Three payment industry trends we are watching closely.

New shifts in purchasing behavior mean new opportunities for POS providers. Get caught up fast on these trends that we are following:

1) Cash isn’t king: If you needed even more evidence of the importance of electronic payment processing, here are some interesting insights from Gallup on cash use in the United States:

“U.S. adults using mostly cash drops sharply” —Payments Dive

2) But neither are credit cards: Are you thinking about your solutions can integrate with BNPL? Increasingly, solutions like these are chipping away at the total amount of credit card purchases.

“Credit card alternatives rise” —Payments Dive

3) Is security your way in? Square parent, Block, has recently been sued via class action for a security breach of 8.2 million users’ data. Could security issues be a secret weapon against behemoth POS competitors?

“Jack Dorsey’s Payments Company Block Is Sued For ‘Negligent’ Security After Breach Of 8.2 Million Users’ Data” —Forbes

What’s next: Let’s talk about your next move—our experts are ready and eager to discuss the different ways TimePayment can support the growth of your point-of-sale and credit card terminal equipment sales.

We help POS retailers say “Yes” to more customers, by offering best-in-class equipment lease financing, industry-leading technology, access to API, and superior account service, training, and back-office support. TimePayment has helped over one million customers with transactions from $500 to $1.5MM+, and POS retailers rely on TimePayment for the speed, convenience, and technology solutions they need to grow. You can get started today!