We all take for granted that today web forms allow us to accept online payments from our customers.
Did you know electronic payments have their roots in the 1870's? Western Union debuted the electronic fund transfer (EFT) in 1871. It was based on their extensive telegraph network. By 1877, it was used to transfer $2.5 million each year.
In 2020, there were $5.2 trillion digital payments worldwide. It was just over twenty years ago in 1999 that the first version of the PayPal electronic payment system was launched