ORLANDO--(BUSINESS WIRE)--Viewpost, the secure B2B network for invoicing, payments and cash management, today announced more results from its recent survey of American consumers covering the status of today’s payments and adoption of the latest payment technologies. The company surveyed a cross-section of 1,000 U.S.-based consumers, finding that overall, one-third of Americans would give up their coveted morning coffee if it meant payment funds would arrive quicker to their bank accounts.
Over half of Americans prefer to be paid by direct deposit, the long-time standard for electronic payment. But to speed up access to these funds, 14 percent of Americans would surrender their mobile phones, while another 11 percent grip their phones pretty tightly and prefer next-generation or app-based currencies, such as Venmo, Apple Pay, Google Pay, Samsung Pay and Bitcoin.
Next-generation payments allow consumers to send and receive money—in-store, online or anywhere—quickly and securely without relying on paper or reaching for a wallet. But as the Viewpost survey reveals, although 80 percent of those who use next-generation payments do so on their smartphone, a significant portion of Americans are still not ready to give up familiarity for convenience.
- 48 percent of Americans DO NOT use next-generation payment methods, such as Apple Pay, Google Pay, Samsung Pay, Bitcoin or Venmo
- 46 percent think that not enough stores accept next-generation payments, and only 17 percent think that next-generation payments have been successful
- 30 percent still prefer paper check or cash transactions
“When consumers split a bill using Venmo or make a payment using Apple Pay, they are experiencing immediacy, convenience and security that were not possible a few years ago,” said Viewpost CEO Max Eliscu. “Businesses are seeing a similar growth in opportunities from payment technology, where multiple methods can be sent and received efficiently—including single-use virtual credit card payments that deliver speed and convenience to the supplier and cash-back rebates to the buyer. However, the sweeping benefits of payment capabilities available today have yet to be fully realized by the majority of the business community. As the survey supports, consumer preferences will likely change this in the near future.”
Viewpost North America is revolutionizing the way businesses transact with each other. Viewpost built the most trusted open business network to empower businesses of all sizes with real-time cash management for anytime operating decisions. On the secure Viewpost network, companies connect and exchange electronic invoices and payments with unprecedented ease and visibility, accessing working capital on demand. Enterprise clients using Viewpost to cut costs, increase efficiency and improve cash management include Accenture, Florida Hospital, Georgetown University, the Orlando Magic and Whole Foods Market. With enterprise-grade security, including ISO 27001 and SSAE16 audited certifications, the TRUSTe Privacy Seal and Skyhigh CloudTrust Enterprise-Ready Rating, Viewpost is partnering with financial institutions to bring cash management tools to business customers at U.S. Bank, Fifth Third Bank and more. Viewpost innovation has been awarded Best in Show by Barlow Research, Best CISO/CSO by FireEye Cyber Defense Summit, CSO50 Award (four-time honoree) by IDG’s CSO, and Best B2B Payments Platform by Tradestreaming. Since Viewpost was opened to the public in early 2015, the total invoices presented and payments processed have reached $85.3 billion across the network. Founded in 2011, Viewpost is headquartered in the Orlando area, with additional teams in Boston, Minneapolis and San Francisco. Learn more at www.Viewpost.com, viewpost.com/blog and @Viewpost.