Digital Wallets: A Comprehensive Guide for Beginners on How They Work

by Cheqly team | | Digital Wallets

Digital wallets are the product of the latest technology, and they are rapidly growing because of their versatility and ease of payment options. A report by FIS Global shows that by 2024, digital wallets will control 33.4% of point of sale (POS) spending, while cash will only make up 12.7%. What is a Digital Wallet … Continued

What Is a Contactless Payment? How Does It Work?

by Cheqly team | | Contactless Payments

Contactless payment is one of the buzzwords that’s important to understand. Contactless payment technology has the potential to significantly speed up and simplify transactions since it operates through your mobile device. Unlike EMV payments, contactless payments offer higher security than card payments. Magstripe cards are quite outdated, as they store static information linked to your … Continued

How to Keep Your Information Secure While Banking Online?

by Cheqly team | | Online Banking , Security

Consumers who use online banking can view their financial information instantly. Online banking is excellent for everything from long-term financial planning to handling emergencies because of its convenience and ease of information access. Some banks are only available online, but most traditional banks have physical locations and provide digital banking services. Even though online portals … Continued

What is Business to Business ACH and How Does it Work?

by Cheqly team | | ACH , B2B

The Automated Clearing House Network (ACH) facilitates the electronic transfer of money from one business to another. Businesses can use ACH to make and request payments for services. Compared to more traditional payment methods, it is seen as a superior and simpler approach for service payment. Further, let’s understand more about ACH Payments and how … Continued

What is a virtual debit card? Here’s what you need to know

by Cheqly team | | Virtual Debit Cards

Many consumers only use online banking to check their account balance or make transfers between accounts. It can also be a means for foreign business owners to take advantage of everything the American economy has to offer. Companies with foreign founders can make purchases and have access to all of their funds anywhere in the … Continued

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