Tag Archives: Nexio

Decline Recovery

Let’s say you have this really sweet business model where you have accumulated 500 customers that spend $100 a month on a subscription or auto-ship package of goods or services. Not all of those transactions get approved, so perhaps you get $35,000 a month. That’s $35,000 a month that you count on to run your […]

Social Commerce

Most of us have at least one social media account, while others have many. Whether you use LinkedIn, Facebook, Twitter, Instagram, Snapchat, TikTok, or more, you have probably started to see opportunities for purchasing a product or service through these platforms. By the end of 2021, there will be more than 3 billion social media […]

Payment Trends and COVID-19: Adjusting to Gain Lost Revenue

Consumer behavior has changed due to the COVID-19 pandemic. Nearly 50% of global shoppers are using digital payments more than before the pandemic, and the majority plan to continue after the virus is contained. In the report, Global Online Payment Methods 2020 and COVID-19’s Impact, close to 75% of the respondents found that contactless payments […]

3DS, Fraud, and Tokens

Nexio uses multiple strategies to prevent fraud, keep customers’ private information secure, and provide a safe checkout method. Check out how this process works for back-office software on this webpage: https://nexiohub.com/howitworks/ 3DS:  3DS is a security tool for authentication of credit card users for e-commerce in Europe and some countries outside of the EU. The […]

Subscriptions and Recurring Payments

Most consumers are familiar with the idea of subscription payments. Perhaps you have your own experiences where you have a pest control service that bills you quarterly. Or you pay a monthly fee for your gym membership. Maybe you visit the chiropractor and have a payment plan set up that bills you.  Subscriptions are accepted […]

Benefits of Alternative Payment Methods

“Show me the money,” a well-known phrase used in the 1996 film “Jerry Maguire,” may well be a merchant’s rallying cry. In this competitive marketplace, offering more ways for customers to shop and pay is vital to expanding business operations, gaining customer loyalty, and increasing profits. Cash, checks, and credit cards are the standard paying […]

Scalability: From Startup to Enterprise

In the business realm, there is no one generally accepted standard definition of scalability. However, the primary definition seems to be strongly related to the growth potential of a company, that will increase profits and grow revenue while avoiding cost increases. For example, if a business requires hiring more employees every time sales need to […]

Traditional Banking and Fintech Companies

Innovation has transformed the financial services industry in the last twenty years. Technology has changed everything. Traditional banking models are being left behind with the rise of financial technology (fintech). The term fintech refers to software and other modern technologies used by businesses that provide automated and improved financial services.  Fintech companies are a result […]

Handling Money and Credit Cards: Is Hand Sanitizer Enough?

Yes, money is covered in germs. No, coronavirus isn’t making it worse. Amid the reports of COVID-19 about symptoms, statistics, protective gear shortages, school closures and more, you may hear an occasional tidbit or two about the safety of handling money or credit cards. The Center for Disease Control (CDC) and the World Health Organization […]