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The 2020 Election, Economy & Payments


The financial services industry is quite conservative. Now, when the U.S. is faced with COVID-19 and the 2020 election, people and businesses are looking forward to the outcomes to make plans accordingly. This article will shed light on the topic and help you with exceptional merchant services like the ones offered by

2020 Election & Payments:

The world is heading towards a digital future. Traditionally, the concept of digital dollars has lacked many supporters in the U.S. However, the latest developments in the world have resulted in increased attention around digital currencies in the country.

According to Republicans, the Treasury should work with banks that’d administer the digital currencies to consumers. e.g., Visa Inc. is focused on the use of technology that’d connect 3rd parties to central banks for completing digital currency transactions.

This year, Conservative Republicans Rep. Brett Guthrie (R-Ky.) and Paul Gosar (R-Ariz.) have sponsored bills aimed at blockchain and cryptocurrency advancement. Artificial Intelligence (AI) now makes up part of financial services and payments in more than one aspect. Specifically, it helps manage risks, detect fraud, test stress, as well as make credit decisions.

With all this in mind, get down to finding a secure and advanced merchant processor like that guarantees the most reliable and cheapest services in the field. Otherwise, you won’t be able to keep up with the fast-changing and developing payments industry so to grow your business successfully.

Government & Economy Amid COVID-19

COVID-19 has dramatically impacted the broader economy and business operations. Over 40% are concerned about financial impacts, such as liquidity and capital resources, as well as the virus-related fall. The uncertainty around the workforce is worrying for 31%.

Biden’s transition team has recently denied a report stating he was making leaders accept a smaller stimulus package to receive immediate relief.

Treasury Secretary Steven Mnuchin has noted that he isn’t putting a limit on Joe Biden’s options to recover the deteriorated economy. He denies having put an end to several emergency loan programs offered by the Federal Reserve.

So, companies are working on adapting to today’s rapidly changing environment. Business leaders are making priorities and choosing the top aspects to focus on so to fight the current challenges in payments.

Author Bio: Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of, the highest rated high risk merchant account processor in the country. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.

This post was published on 01/12/2020

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