The Evolution Of The Forms Of Payment.

By L Palaniappan

  • Checks.

    Checks.
    The first printed check was in 1762.
    (The first made check was in 1681.)
    “The word “check” originated from England in the 1700’s.”
    People have now stopped using checks in Europe and other places. “In U.S checks are very common accounting for more than 60% retail payments.”
    “Then the number of checks written each year are 8 billion, in 1952.”

  • Due

    Due
    Due helps small businesses get paid more quickly.
    They “offer (some of) the lowest credit card processing rates in the industry…”
    Due cares about your safety and has many ways of keeping you safe.

  • Credit Cards.

    Credit Cards.
    “When you use a credit card you have to at least make minimum payment by every month by the due date on the balance.”
    You use credit cards to make purchases.
    “People use credit cards because if you use it you avoid losses of fraud.”

  • Debit Cards .

    Debit Cards .
    The debit card first came to the market in June 1996.
    A debit card lets you spend money from your checking account without writing a check.
    All the money that comes from your debit card actually came from your checking money.

  • Gift Cards.

    Gift Cards.
    When you want to give someone money you can give them a gift card. Neiman Marcus was the first to sell a gift card.
    They did not advertise or display gift cards.
    BLOCKBUSTER was the first to display gift cards.

  • PayPal

    PayPal
    "When you use PayPal you can shop with millions of merchants and sellers around the globe."
    You have to register your credit or debit card into PayPal.
    You can pay, send money and accept payment using PayPal.

  • Venmo.

    Venmo.
    “Venmo lets you pay or request money from your friends.”
    When you owe your friend money and you don’t want to use cash you can use Venmo. ANDREW KORTINA was one of the foundation members of the venmo company.
    "BECCA KULFRIN has a history with venmo too."
    "Venmo has 40 million users is what PayPal says."
    " .Total payments for venmo grew 73 % year over year to $21 billion in the first quarter PayPal says."

  • Omnichannel

    Omnichannel
    Here are a few things about Omnichannel:
    Multi channel and Omnichannel are different.
    "Omnichannel is about fusing shopping experiences."
    In fancy language omnichannel means,
    “denoting or relating to a type of retail that integrates the different methods of shopping available to consumers."

  • Google Wallet.

    Google Wallet.
    You can use this to transfer money straight from people’s phones.
    It can keep a lot of information, like a credit card, debit card, gift card and loyalty card information.
    It’s like your own wallet! It is free.

  • Apple Pay.

    Apple Pay.
    "You can use apple pay to make single touch purchases within apps."
    You can also use this to to pay for goods. You give a 3 % fee to use apple pay with a credit card and if you use a debit card it is free.

  • References

    References
    REFERENCES: https://www.alternativepayments.com/blog/payments-trends-2019-what-to-expect/
    https://www.entrepreneur.com/article/286006 GOOGLE!!!!!!!!!!! https://www.paypal.com/en/webapps/mpp/paypal-popup https://due.com/ https://help.venmo.com/hc/en-us/articles/221011388-What-is-Venmo-

  • Cited Work.

    Cited Work.
    Work Cited: Williams, Rhiannon. “Apple Pay: Everything You Need to Know.” The Telegraph, Telegraph Media Group, 16 July 2015, https://www.telegraph.co.uk/technology/apple/11720595/Apple-Pay-Everything-you-need-to-know.html. What is PayPal? Learn more about PayPal's unique features
    https://www.paypal.com/us/webapps/mpp/paypal-popup Venmo has 40 million users, PayPal reveals for first time
    https://www.cnbc.com/2019/04/24/venmo-has-40-million-users-paypal-reveals-for-first-time.html