MAG Insights

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MAG SVP, Operations, Laura Townsend, Article in Digital Transactions, “COMMENTARY: Can the Payments Industry Meet the Challenge of Digital Commerce?”

The payments industry is going to have to make some changes to ensure the long-term success of digital consumer-to-business payments.

U.S. digital sales are thriving, and consumer demand will only continue to grow. According to a report from the U.S. Department of Commerce, U.S. online retail sales nearly quadrupled in the decade from 2005 to 2015. In light of this strong growth and customer interest in digital-commerce channels, digital payments must become a higher priority for payment-system stakeholders.

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