A one-size-fits-all fintech solution doesn't exist for today’s businesses. Every business has specific needs for payment acceptance and business management. 

Digital payments (credit, debit, contactless, and NFC) are increasingly popular, and digital payments penetration rates increased to 89 percent last year, according to McKinsey research. Even more remarkable is the rate of using two or more forms of digital payments also increased from 51 percent in 2021 to 62 percent.

RazorSync is an essential tool for helping to grow your field service business. Whether it's increasing revenue, improving your bottom line, or both, a team that can leverage the necessary technology to win more business matters. Our software will help attract and retain loyal customers and improve your operational efficiency, helping your business achieve greater success. 

The business landscape is growing increasingly competitive, so setting your business apart is essential to beat the competition. In addition to ensuring your products and services are of the highest quality while providing excellent customer service, it's important to equip your business with the best-in-class fintech solutions that customers expect. 

Each quarter, we like to showcase a member of our team who represents the core values of Celero through their hard work and leadership. Our latest recognition is reserved for someone known across our organization for driving positive change and improving communications to create a better customer experience and company culture.

Having an on-demand ability for collecting payments that's flexible and can grow with the speed of your business makes all the difference. Quick digital payment options have become standard, even if your business is not a business to consumer entity (B2C). Efficient acceptance of payments in all back offices is now the norm, with the ability to send and receive money literally at your fingertips.

Advancements made in the fintech industry like contactless payments, blockchain, cryptocurrency, chip reader, and mobile payments are opening the door for significant changes in terms of technology. 

Different solutions designed to help community banks succeed at the same time as helping their communities is why Celero partner relationships are so crucial.

In a previous article from Mar 31, 2022, we explored the status of the ongoing chip crisis. Semiconductor chips had been slow to market because of pipeline disruptions, and they’ve since become more expensive for the payments industry. Let’s discuss what has changed since 2022, as well as where the industry is headed. 

With the recent fall of Silicon Valley Bank (SVB), community banks may fear a contagion of bank collapses. Between 2001 and 2023, 563 banks collapsed, according to The Federal Deposit Insurance Corporation (FDIC). While the negative fallout from these banks is undeniable, grasping the failed banks’ backgrounds and decisions will safeguard smaller banks from making similar mistakes.