FICO Blog

DECEMBER 20, 2022

Here are my predictions on the payment trends for the next year, how they’ll create risks or opportunities in 2023, and what FIs need to watch out for with each of them. Alternative Payments Methods Will Grow Faster than Debit — and Scammers Will Rejoice.

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TreviPay

JANUARY 7, 2023

From implementing TreviPay ® (TreviPay) to providing multiple payment options, identifying ways to minimize DSO can eliminate many of the challenges that result from restricted cash flow.

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aptic

DECEMBER 13, 2022

However, it’s now also gaining traction across other age groups and has become one of the world’s most commonly used alternative payment methods. The online segment dominated the Buy Now, Pay Later market and garnered a revenue share of 82.29% in 2022.

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TreviPay

JANUARY 12, 2024

However, checks aren’t always reliable for cross-border payments. Alternative payments There are a wide range of alternative payment methods available at present. This broad category includes crypto, biometric payments, wearable payment systems, and more.

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Gaviti

MARCH 21, 2023

Some customers might not have paid off their invoice because they are unable to use the current payment methods provided by your company. Work with the customer and see if you can come up with an alternative payment method.

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TreviPay

OCTOBER 4, 2023

Payment orchestration platforms support payments across different regions. They generally offer alternative payment methods and comply with payment security, rules and regulations. How payment orchestration works (in 6 steps) The below six steps highlight how payment orchestration typically works.

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Lendio

FEBRUARY 27, 2024

When credit cards aren’t an accepted form of payment: Sometimes, specific vendors or large transactions require alternate payment methods. This ensures you have the capital needed to sustain that growth while keeping your finances manageable. How does a business credit card work?

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Gaviti

MARCH 21, 2023

A few of these methods may result in transaction costs, which may be why you don’t offer them regularly to customers. Be sure to carefully explore different payment facilitators and processors with your company when considering alternative payment methods for customers.

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TreviPay

JULY 14, 2023

Instead of your customer having to find an alternative payment method (or, worse, an alternative seller), a payment orchestration platform finds them an alternative payment pathway. This increases the chance the transaction will still take place.

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Due

APRIL 11, 2023

If not, consider using an alternate payment method. If your credit limit is low or moderate, it’s easy to get the transaction declined if the amount exceeds your limit. So, the first thing to do after a credit card decline is to ensure you are in terms with your credit limit.

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Fundera

MAY 8, 2019

Payment processing fees are determined on a case-by-case basis. Generally, merchants with higher transaction volumes receive lower payment processing fees. We mentioned that Paysafe facilitates several alternative payment methods. Once they complete payment, their product will be shipped to them.

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TreviPay

JANUARY 30, 2023

With our credit management solution, sellers can offer alternative payment methods at checkout. From B2B financing options that you can white-label for your customers, to invoice processing software and fraud risk management solutions. Schedule a demo today to see for yourself!

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Fundera

APRIL 23, 2020

FastSpring serves as both your merchant account and payment gateway, enabling you to receive payments from a variety of different credit cards, standard payment methods, as well as alternative payment methods, like PayPal or Amazon.

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Fundera

OCTOBER 15, 2018

If the numbers aren’t making the choice clearer, try talking to customers about credit card payments, and ask for frank feedback about the payment process. If you currently own an established business in the community, customers willing to provide feedback can give you insight into the demand for alternative payment methods.

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Credit Card Payments Credit and Collections Transactions Alternative Payment Methods 45

Fundera

APRIL 3, 2019

As mentioned earlier, FastSpring allows you to accept payments on all of your customer orders—serving as both your merchant account and payment gateway. FastSpring enables you to receive payments from a variety of different credit cards, standard payment methods, as well as alternative payment methods, like PayPal or Amazon.

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Fundera

MAY 10, 2019

For example, if you run a subscription-based business you may want a processor that can handle recurring payments. You may also want a payment processor that can support a variety of alternative payment methods, such as digital wallets and ACH transfers.

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Fundera

AUGUST 20, 2019

CardStream is a UK-based payment gateway provider that offers an open API and can be added to your website with just a few lines of code. Once installed, you’ll receive access to all payment modes including credit cards, debit cards, digital wallets, and alternative payment methods.

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Abrigo

APRIL 18, 2022

Bitcoin and other digital assets have remained volatile without regulation, with generally more risk-tolerant investors using cryptocurrencies as an alternative payment method. Cryptocurrencies are a subset of digital assets and are decentralized networks based on blockchain technology.

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