Mobile Pay Trends: Meeting the Demands of a Digital Economy Through Mobile Pay Solutions
The digital transformation has left no industry untouched, and changes to financial services are moving particularly swiftly. Disruptive technology has created alternative solutions to manage financial transactions, which consumers are eager to adopt. Mobile devices are making it possible to conduct business in mere moments and mobile devices are in almost every hand. In fact, when the Pew Research Center conducted its first survey of smartphone use in 2011, just 35 percent of Americans owned one. In 2016, that figure rose to 77 percent.
PaymentVision, a division of Autoscribe Corporation, is an industry-leading financial technology firm that offers a PCI-certified payment gateway that helps businesses accept electronic payments via their own call center, automated phone systems, web, or integrated software payment API. Recently named a top electronic payment solution by Collection Advisor Magazine, PaymentVision has thousands of customers and processes more than $2 billion in transactions annually. PaymentVision clients span several industries and include some of the largest collections, finance, municipalities, utilities, and healthcare companies in the nation.