Which Alternative Payment Methods Are Consumers Gravitating Towards?
Consumers today have more payment options than ever, ranging from traditional methods like checks and cash to prepaid cards and online payment service providers such as PayPal, Venmo, and Cash App. Some might assume that consumers who rely solely on alternative payment methods would conduct most of their transactions digitally. However, it turns out that […]
Australia Announces a Debit Card Interchange Fee Ban
To alleviate the inflationary pressure on consumers and small businesses, the Australian government has announced plans to ban interchange fees on debit card purchases. The Australian central bank estimated that debit card surcharges cost customers A$1 billion ($671 million) per year. Debit card usage has picked up steam in the country since the pandemic, with […]
Accountants View AI as an Ally, not a Competitor
Artificial intelligence has had a dramatic effect across industries in a short time. Accounting is no exception, but there has been speculation of whether AI would replace those working in the profession. In a recent PaymentsJournal podcast, Ted Callahan, Accountant Leader at Intuit, and Albert Bodine, Director of Commercial Payments at Javelin Strategy & Research, […]