As virtual credit cards rapidly gain traction in the B2B payment industry, businesses must adapt to meet buyer preferences while managing the challenges these cards present.
With North America’s virtual card market projected to grow significantly, sellers need to find ways to streamline virtual card acceptance or risk losing valuable customers to competitors.
The global volume of chargebacks has significantly increased over the last five years. But what’s causing the uptick?
Merchants, issuers, and acquirers within the payments ecosystem can come together to create more cohesive and smoother payment experiences to cultivate greater customer loyalty, mitigate chargebacks, and reduce operational expenses, benefiting all involved.
Visa unveils its new Subscription Manager solution to simplify the complex landscape of recurring payments in the subscription economy.
Kathleen Pierce-Gilmore, Visa's global head of Issuing Solutions, provides insights into this innovative tool designed to give cardholders better control over their subscriptions.
FIs and merchants need to work on improving post-purchase interactions to build consumer loyalty and save on costs like chargebacks.
Digital receipts and subscription management are tools merchants and banks can offer their customers to help them stay on top of their finances and also save on operational costs.
