Payments had already begun to shift in an irreparable way before the epidemic.
There may, however, still be a few locations that need some catch-up work, depending on where you check.
Tracy Monson, chief product officer at One, and Renee Albert, chief product and strategy officer at Equity Trust, have stated that the real estate-related disbursements are projected to follow other payments in their increasing and quicker transition toward modernization and digital transactions.
“The average consumer and the average employee have this urge toward variety, flexibility, and speed,” claims Monson.
This is partially due to a long-term change in the acceptable forms of payment, where everyone from retailers to service providers had been allowing customers to pay them whatever they liked.
She claims that the customer now possesses a degree of power that was unheard of in the past. According to Monson’s description of the issue, people may decide how and when to share their bank login information (if they have bank accounts) or if they want to use payment applications.
According to Monson, when it comes to the payouts themselves, “we think about modernizing disbursements, how can we truly convert the distribution into a beautiful smooth payment experience where there is choice and speed?”
