Customers Call for Real-time Payments

March 22, 2015 Moneris

Customers Call for Real-time Payments

Businesses looking to increase customer loyalty should turn to real-time payment processing options. Clients want to manage their funds and purchase products or services at their own convenience, and they expect financial institutions and companies to have the technology to offer real-time payments.

A recent study showed that people are aware of the timing of their bank and payment transactions and would prefer that there was a quicker method to assist their needs. Consumers are willing to pay for immediacy with their purchasing methods, meaning companies can capitalize on specific buying trends to garner a more loyal consumer base. The study pointed to customers' desires to have fast transactions, especially if transferring funds abroad.

The need for real-time processes is an opportunity for banks and stores to gain loyal customers and long-lasting supporters. The trends revolving around payment processing are constantly changing, and customers are always looking for ways to make their transactions more immediate and convenient. The businesses that can offer those kinds of services will be the ones to get ahead in this economy.

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This article is for informational purposes only and it is not intended to provide you with any personalized financial, marketing, accounting or tax advice. Neither Moneris Solutions Corporation (Moneris) nor any of its affiliates shall be loable for any direct, indirect, incidental, consequential or punitive damages arising out of use of any of the information contained in this article. Neither Moneris nor any of its affiliates warrant or make any representation regarding the use or the results of the use of the information, content and materials contained in this article in terms of their correctness, accuracy, reliability or otherwise.

About the Author

Moneris

Moneris processes more than 3 billion credit and debit card transactions a year, for over 350,000 merchant locations across North America. We have over 1,300 dedicated employees who understand transaction processing and know how to make it work for you.

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