It’s Not Just You – Businesses Across the Globe Are Reporting Recent Payment Challenges

Buyers and suppliers in 2020 face a new, unprecedented environment. Due to widespread shutdowns and work from home (WFH) operations, the use of electronic purchasing and payment methods is skyrocketing. Many companies are struggling to adjust to the new normal.

Are you using payment technology to manage your loan portfolio effectively? A 2019 Experian study shows auto loan debt is at a record high. As an auto lender, your first thought might be, “Well, of course. Cars are more expensive, and more people finance them now.”

REPAY has published a free Merchant’s Guide to Integrated Payment Processing to outline how payment processing works and help businesses select the best payments provider for their needs. With COVID-19 and social distancing guidelines in place, businesses have to adapt and innovate quickly - some more than others. In order to help maintain cash flow during this time, integrated and omni-channel payment solutions are no longer a nice to have, and instead have become a must have solution.  

Operating a business can be hard and the COVID-19 virus (also known as Coronavirus) has made things more challenging than ever with at least 311 million people in at least 41 states being urged to stay at home, and about 30 percent of American’s unable to work from home. The last few weeks have been a whirlwind for us all; changing how we are living, working and communicating around the globe.

Our world shifted quickly, according to PYMNTS reports, just a month ago, we were all in our offices, kids were in...