The Trustly Blog

100 billion dollars...that’s the volume of spending expected to shift from credit cards to debit cards during the current global Covid-19 pandemic according to Visa. It’s a significant number and it signals a trend in consumer behavior that brings both challenges and opportunities for merchants across the country.

Revenue projection is both an art and a science. It is partly based on the solid number of past sales, but it also includes various known and hidden assumptions. When it comes to projecting credit card sales, most executives forget a hidden variable: the sale that is lost when a card is wrongfully rejected for fraud, and the customer goes elsewhere.

Real Time Payments (RTP) are a type of faster payments that settle instantly. Businesses that invest in RTPs can cater to the expectations of younger demographics while realizing other benefits, such as improving business processes, encouraging customer onboarding, and driving sales and retention. RTPs are relevant to numerous industries, such as insurance, bill payments, and online casinos.

Coronavirus pushed quick-service restaurants to invest in contactless payment options and start to realize the benefits; such as minimizing restaurant lines, helping more customers, and encouraging customer loyalty. Restaurants that avoid the potential pitfalls of mobile payments can use this strategy to improve customer service and drive sales in the long run.

Stockholm, Sweden, 2 November 2020 – Trustly, the global leader in online banking payments, is excited to unveil its new visual identity, including a logo, color palette and typeface.