Traditional and Emerging Payment Channels

In order to remain competitive, companies must provide payment channels that make it convenient for customers to do business with them. Of course, the definition of “convenience” depends on the customer. Some customers prefer to pay via traditional channels such as cash and checks, while others demand that suppliers offer leading-edge virtual payment methods. For the most part, the more options a business provides, the better the chance of attracting and holding onto customers. That's why…