Tech Trends: Compliance, Technology Changes Drive Sales In Payment Processing

By Brian Albright, Business Solutions magazine.

For retailers and other merchants that accept credit card payments, payment processing service providers play an integral role in their business. New federal and industry regulations, concerns about credit card data theft, and the explosion of new payment types (debit cards, gift cards, health savings accounts, etc.) have made payment processing more complex. At the same time, most retailers are searching for ways to reduce their payment processing costs.