• Siamac Rezaiezadeh, , Director of Product Marketing at GoCardless


• 25.08.2021 03:30 pm
#marketing #business #payment

“This decision demonstrates yet again that pieces of plastic introduced in the 1950s are slow to keep up with how businesses and consumers actually pay today. Cards were designed in an offline world, for an offline world. Though the industry has tried to bolt on features -- such as extra authentication for online transactions -- to adapt them, the truth is that cards are no longer fit-for-purpose in today’s digital society. Payment methods that were designed for an online world to move funds electronically, such as account-to-account payments which make it easy to pay from one bank account to another, are much more secure and provide a better customer experience for payers -- at the same time lowering costs and eliminating manual admin tasks for businesses. These will be the preferred payment types of the future”