You’ll want to know about numerous payment trends, like ACH becoming old news and introducing SMART Payments. AI, Blockchain, and Cryptocurrency will likely impact how payments are made. You should consider how these trends could affect your business.

Decline of Checks

Check utilization has declined rapidly in the last decade. Since debit cards typically removed funds from your account, monthly checking account balancing became an antiquated practice, no longer necessary. Online bill payment options took five minutes, and balancing a checkbook and paying bills could take an hour. Some people use checks mainly in the senior populations. Many banks no longer issue checks except for a handful for you to have as needed in a check-only emergency!

SMART Payments (ACH Is Old)

The ACH network has been around for decades, but it has not kept up with the demands of today’s businesses. It was initially designed to handle bank transactions, but now it can be used for much more. With ACH networks like NACHA, payments can be processed directly from a company’s bank account to another company without going through a third party like PayPal or Square. Now there are payment options such as Apple Pay, Google Pay, and more. No cash, check, or credit card is needed. 

Collaborative Commerce

Collaborative commerce refers to how customers work with businesses via social media platforms like Facebook, Twitter, and Instagram. It enables customers to share their experiences with products or services with friends and followers. This allows your business to reach out directly to those customers with offers and promotions that they may not have been exposed to through traditional marketing methods such as email marketing. This can help build brand loyalty among customers.

Supporting Flexible Payment Options

Customers want to pay for their purchases whenever and however they want, and this means that you need to offer flexible payment options for your customers. You can use online platforms or POS systems to allow customers to pay via their preferred method: cash, credit card, check, or even cryptocurrency. You can also set up an automated recurring billing system so customers don’t have to keep paying each month or year manually.

Payment Automation

Automating and simplifying your payment systems will help save time and money for you and your customers. This can be done through either a POS system or an online platform where customers can manage their accounts without having to call customer service whenever they want to make a transaction. This also reduces fraud because it makes it harder for criminals to steal personal information from your customers’ accounts since they won’t have access to personal details like addresses and bank account numbers when using self-service options on US Pro Pay.


Artificial Intelligence (AI) is a trend we’ve been hearing about for years now, and it seems that this technology will soon be implemented in almost every aspect of our lives. AI has already made its way into many industries, including healthcare, education, and finance – but how will it affect payments? The most obvious answer would be through automation – instead of having humans make all the decisions when processing transactions, they could be left up to machines. This could save businesses time and money by reducing human error or increasing productivity by automating mundane tasks like data entry or customer support calls.


Blockchain technology has been around for several years and is starting to see real-world applications for business-to-business (B2B) and business-to-consumer (B2C) transactions. Blockchain allows for secure transactions between parties without needing a middleman like a bank or credit card company. The distributed nature of blockchain makes it virtually impossible for hackers to gain access to transaction information if security protocols are properly implemented by the parties involved in the transaction. This has led some financial institutions to explore blockchain solutions to reduce costs associated with fraud prevention, identity verification, and settlement times for transactions involving multiple parties across borders.


Cryptocurrencies are digital currencies that rely on cryptography to prevent counterfeiting and tampering. They operate independently of a central bank or government and are created by people for payment. Bitcoin is the most famous cryptocurrency.

Cryptocurrency works by recording transactions on a public ledger known as the blockchain. This ledger records all transactions ever made using each cryptocurrency. Each transaction gets a unique number called a hash, which acts as a link between two transactions — one that happened before and after it — creating a chain of transactions that go back as far as the first transaction ever made using that particular cryptocurrency. By linking each transaction to the one before it, no single entity can alter any transaction without altering all subsequent ones.

The Future is Now!

Business owners need to prepare themselves for an increasingly digital world in the coming decade. In this new era, cash and checks will continue to decline due to customer preferences and the intrinsic benefits of using digital forms of payment. Businesses that work to adopt new integrated payment platforms and technologies earlier have the potential to reap great rewards in the form of enhanced data collaboration, automated processes, and streamlined financial management systems. USProPay is continually on top of the latest trends making current payment options accessible to all!

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