The Payment Technology Newsletter - December 2022

December 2022 Edition?

A message from our team

Happy Holidays from the Payment Technology Newsletter. We’ve enjoyed sharing news and insights throughout the year on everything from policymaking to business and payment technology trends. When we kicked off Cyber Week in November, holiday spend reached historic heights, outperforming even the National Retail Federation’s robust expectations.?

Retailers, restaurateurs, manufacturers, and service providers were gifted with 196.7 million shoppers in stores and online between Thanksgiving Day and Cyber Monday. That’s 17 million more shoppers than in the same period in 2021, according to NRF researchers. Not even dire warnings about inflation, recession, and supply chain issues could scare our customers away!?

At this happiest time of the year, we’d like to shout out to our listeners and everyone who subscribes to our YouTube channel. Thank you for tuning in. If you’d like to reach Allen or Dave, head to B2bvault.info and fill out a Contact Us form to become a sponsor or open a merchant account. Both forms are simple – fill in your contact info, answer a few questions, and you’ll be on your way to processing payments or sponsoring an episode of B2B Vault. Our podcast is available on Spotify, iTunes, Pandora, and other popular streaming networks.?

From all of us at Nationwide Payment Systems and the B2B Vault, we wish you, your family, friends, and employees a safe and happy holiday and a prosperous New Year.?

Carpe Diem!?

Dave Burney??Allen Kopelman

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FEATURED YOUTUBE VIDEO

Join Allen and Justin as they discuss the Financial Brand Forum 2022 in Las Vegas in Episode 126 of the B2B Vault. Allen was there, rubbing shoulders with banking leaders and learning all about the Financial Brand Forum, who put on a very impressive show. They had a great mix of motivational speakers and thought leaders who shared insights on how banks can compete with fintechs. Allen met community bank and credit union execs from all around the country, and divided his time between keynote presentations and live demos in the exhibit hall. A lot of the discussions about digital transformation were things that Nationwide Payment Systems is already doing, like automating our merchant application process through our great partnership with GoDaddy, or providing ATMs-as-a-Service, a managed services program that simplifies ATM deployment and management. Let’s face it – no one wants to fill out paperwork – and with our programs, no one has to – they can just answer a few questions and get set up with a merchant account while having great support by phone, email or live chat.?

Banking digitization, which we are helping banks with, means providing your customers with on-demand access to their accounts, spending habits and financial profiles, in a secure way that protects their privacy. Advanced data analytics benefits everybody – the bank can leverage the data to drive the right offers to their customers and customers can use it to improve their overall financial health.??

FEATURED PODCAST EPISODE

In Episode 120 of the B2B Vault: The Payment Technology Podcast, Allen sits down with Bob Wesley, Head of Commerce, Sales and Business Development at GoDaddy, to discuss how banks are digitizing everything, and that includes merchant services. Nationwide Payment Systems and GoDaddy Poynt have partnered to help banks achieve a seamless and fully digitized merchant services program.?

We have a solution finder on our site, https://nationwidepaymentsystems.com, that enables businesses to see the different solutions we offer and select which one they want. From there, they answer 10 questions, and then artificial intelligence kicks in, and 90 percent of merchant accounts are approved almost instantly. Some can take up to 30 minutes. Some require an email asking for additional information, and we’re going to partner with banks to bring this to their banking platforms.?

The other great thing about the program is the managed services component. You get hardware and software as a service, which means you get a credit card terminal that does way more than just a traditional credit card terminal does. We don’t even call it that, we call it a smart terminal, because it has a lot of really cool features, including a dashboard and smartphone app, that enable merchants to run their businesses from wherever they have an internet connection.?

Learn more about B2B Vault: The Business Technology Podcast, at https://b2bvault.info/.?

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Every week on FinTech Friday,?Allen & Justin recap breaking news and emerging trends in payment technology. In Episode 126 of the B2B Vault Payment Technology Podcast, the Black Friday edition of the podcast, Allen and Justin and Rocky spend the day after Thanksgiving talking about a whole lot of things that are going on in the payments industry.?

Here’s a sampling of what they discussed:?

• Zelle is in the hot seat with Congress.?
• Buy now, pay later in hot water with regulators and why.?
• Lots of news with Banks and Investment companies.?
• JP Morgan – Trademarks a Crypto Wallet?
• Are banks in trouble as Fintech companies are all starting to offer banking as a service (BaaS).?
• Crypto in the news – FTX issues, Sofi Bank also in hot water with bank regulators.?
• Will congress do anything about Cryptocurrency – with all the stuff in the news and accusing a few companies of pump-and-dump schemes??
• Warning letters sent to CBD companies by the FDA seem to be a non-stop issue, and the lack of rules and one agency in charge of this is also an issue with CBD and Cannabis.?
• Having multiple government agencies involved bogs things down as far as moving things along.?

For more thoughts on payments industry technology and trends, check out B2B vault.info and subscribe to our YouTube channel. Access our recordings on all the podcast networks, including Spotify, Apple, Stitcher, Amazon Music, and Pandora.

Holiday season is a peak time for business owners and no time to risk losing sales just because you don’t accept the payment method a customer wants to use in your store, restaurant or website. If you’re thinking about waiting until January to update your merchant account, here’s some good news: Nationwide Payment Systems can get you set up right away with no fuss.?Just go to https://nationwidepaymentsystems.com and click on Solution Finder. Our automated platform will prompt you through 10 questions and you’ll be up and running.?

No reason to stress about software or hardware either, this program will do it all for you with an easy managed services plan. No heavy upfront investment, just simple, reliable processing services with support just a call or click away.?

Ready to give it a try? Discover our world of decentralized finance solutions at https://nationwidepaymentsystems.com/ or call us at 1-954-772-9008, to learn more.???

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