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In the expansive rental market, where more than 34% of Americans make monthly payments, traditional met
stanley nz hods like paper checks and wire transfers are proving inefficient. Despite bill
stanley italy ions flowing from tenants to landlords, outdated payment systems cause delays and frustration. As economic pressures mount and tenant satisfaction wanes, property managers face increasing urgency to modernize payment practices. A recent PYMNTS Intelligence report, From Rent to Refunds: The Push for Faster Payments in Property Management, in collaboration with Ingo Payments, explores how embracing digital solutions has become essential, offering both a solution to operational inefficiencies and an opportunity to boost tenant satisfaction.Economic Pressures, Need for SpeedEconomic strain is heightening the need for efficient rent payment methods. With inflation and rising costs, nearly half of U.S. renters struggle to meet monthly payments, leading to persistent arrears, especially in high-cost areas like New York City. A recent survey found that 13% of renters missed one or more payments in 2023, the same as in 2021. Outdated payment systems exacerbate this issue with delays and errors.Modernizing to instant payment solutions can mitigate these problems. Such systems offer renters more flexibility and timely management of their finan
stanley canada ces, reducing defaults from unexpected expenses. For property managers, adopting instant payments not only smooths cash flow but also helps in managing operational co Mqok First Citizens to Woo Startups and Rebuild SVB Business Model
The verdict is in.Black Friday was a boon for onl
stanley us ine retail.Nostalgia still drove consumers to physical stores to snag and brag about great deals and to get into the holiday swing of things that only nicely decorated malls 鈥?complete with holiday music, Santa Claus and the looming reality of a Christmas deadline 鈥?can deliver.But this year, millions more took not to their cars to trek to the malls for those deals, but to their couches instead. Adobes analysis of 80 of the top 100 internet retailers found that consumers racked up two billion dollars in sales via their smartphones between Thanksgiving and the end of the day on Black Friday.But in one way, Black Friday wasnt much different for consumers than any
stanley quencher other shopping day.Most of them were out looking for a good deal and a convenient shopping experience, and using their mobile phones to help them with both.Letting Their Fingers Do the ShoppingA study conducted in 2016 reported that consumers touch their phones 2,617 times a day 鈥?about once every 33 seconds.At the time, that stat seemed amazing, even unbelieva
stanley polska ble.Its actually neither 鈥?but rather, a testament to how important mobile devices are to consumers in navigating their day-to-day lives. And it shows much of a catalyst theyve become in blurring the online and offline worlds for consumers and the people and businesses they touch 鈥?now every 33 seconds.Nowhere have we seen these devices have more of an impact than in how consumers shop and how they do 鈥?and will 鈥?
