Credit Card Processing Trends for 2022
US Transactions Corporation (UST)
The most trUSTed name in merchant services.
In this UST Report 2022, we will discuss payment trends affecting Associations and Nonprofits. In particular, what has changed in the payments environment since the advent of the pandemic.What changes you should consider making as an organization to: improve operational performance (revenue and collections), enhance digital security, and reduce or eliminate costs.
I. WHAT ARE 4 B2B PAYMENT TRENDS WHICH EMERGED FROM THE PANDEMIC?
There are 4 key B2B payment trends that will impact Associations and Nonprofit organizations going forward: 1. Adoption of electronic payments. 2. Huge volumes of chargebacks & refunds. 3. Increased processing fees. 4. Increased risk of fraud...CONTINUE READING FULL REPORT.