Here is a scenario that I experience all the time in my sales efforts and I want to see how many of you have the same experience. I call a prospect and one of three things happen.
EMV is only applicable for in-store, card-present transactions. This makes online payments a prime target for fraudsters. Many ISVs are now evaluating their online payment strategy to ensure it’s as secure as possible. It’s now time to update payment solutions to prevent the impending rise of e-commerce fraud for your customers. The best way to fight this online threat is by integrating security and payment solutions within the next few months.
Will 2016 be the year consumers ditch their card-carrying wallets for the digital variety? Will it usher in a trend of merchants adopting NFC (near field communication) technology to process mobile wallet payment transactions? It’s a payment solution several years in the making, but many indicators point to 2016 as the year mobile wallets finally turn that corner in the payments integration landscape.
Many resellers have enjoyed healthy success selling to community banks and credit unions. Here are the top four questions to keep in mind during your next visit with them. Opportunities are out there — you just have to ask the right questions and uncover them.
Industry statistics confirm that state-of-the-art technology is a company’s only formidable defense against data attacks. Unfortunately, most attacks target small and mid-sized businesses, which are often targeted due to assumed lower security.
Industry forecasts about mobile payments all basically point to the same conclusion — mobile payments adoption is going to increase in 2016, and for the next several years.
With greater use of mobile payments comes better loyalty programs, more order-ahead apps and sustainable security.
Predictive analytics eliminate the guesswork from staff scheduling.
It's time to look ahead to what 2016 will bring to the payments industry. Technology constantly evolves in response to new innovations and consumer behaviors, and POS technology is no exception.
Based on the EMV experience in Europe, U.S. card not present (CNP) retail should act now to brace for an onslaught of fraud as EMV chip card technology becomes more widely adopted, greatly reducing the number of opportunities for in-person fraud and forcing thieves to focus their efforts online.