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StreetSmarts
• Buy now pay later: Major players such as PayPal,
If an ISO can't support those Square and Stripe have embedded BNPL directly
options, someone else will. into terminals and POS systems. Consumers can
use branded BNPL cards from providers like
Klarna, Afterpay or Zip just as they would any
Meet customers where they are other card. For merchants, it is another lever to
increase sales, even if it means carefully evaluating
Today's merchants sell locally and globally. They serve pricing.
customers who expect to pay in their native currency and
with their preferred method, whether that's card, bank • Pay by bank: QR code payments that connect
transfer, digital wallet or installment plan. If an ISO can't directly to a consumer's bank account via services
support those options, someone else will. like Plaid are gaining traction, particularly in high-
risk industries. While adoption is still developing
Offering cross-border currency capabilities and localized in the United States, bank-based payments are
payment methods does more than improve convenience. dominant in other parts of the world. As real-
It reduces cart abandonment in ecommerce, increases time payment networks expand, this model may
authorization rates, and helps merchants expand payment integrate more deeply into traditional payment
options internationally while eliminating friction and terminals.
driving conversion.
• Digital wallets: Zelle, Cash App, Venmo and PayPal
Alternative payment methods that were once considered surged during the pandemic as businesses sought
niche are rapidly becoming mainstream, including these flexible ways to accept payments. Regulatory
examples: reporting changes and pricing adjustments
