The EMV liability shift happened October 2015, yet 63 percent of merchants are still not EMV ready. The cause for much of this may be the perception of added expense or misconceptions about the ramifications. However, card present merchants that are not utilizing chip readers are losing out in a significant way.
For ISVs, the decision to switch payment processors can be stressful, not only a risky choice but one requiring extensive research on behalf of the ISV in order to find a reputable provider. Before making the move, ISVs need to examine their current payment offering and determine what their future goals and objectives are to help increase the overall success of their business.
As we know, in most restaurants today, once finished dining, customers receive the check and then the process begins of the wait staff going back and forth between the POS system, and table to handle the credit card transaction. Meanwhile, that same waiter or waitress is tasked with taking orders and refilling drinks from other patrons. Ultimately, the payment process can disrupt the dining experience of everyone involved.
RSPA President and CEO opens annual event with a challenge to attendees to disrupt, then deliver
Last week, I attended ISV IQ Live! hosted by Business Solutions Magazine. It was truly a fantastic event. Even though I attended as a guest speaker on a panel at the conference, I arrived in Philadelphia eager to gain constructive insight on the various business topics shared by industry veterans that I could exercise as CEO of a software development firm.
Providing exceptional dining experiences is key to operating a competitive, profitable restaurant. A kitchen display system (KDS) can help enhance customer service by minimizing wait times, freeing staff members to spend more time with guests, and ensuring the order is right, every time.
We can’t help but get numb to the number of security attacks in the news over the past few months with Large Enterprises making for a particularly attractive target. However, you’re just as vulnerable and more likely to get hit when you’re a small business. By Mauricio Bayon, president, Bayon Technologies Group and ASCII Group Member Since 2016
Merchants across the U.S. have gone through the expense and pains of adopting EMV, expecting it to be the one-stop solution to fraud. As the majority of merchants are implementing EMV, fraudsters are looking for any points of entry. Unfortunately, even EMV has its vulnerabilities.
NAB Velocity, based in Denver CO, provides software developers and businesses with secure and customizable payment solutions, including credit and debit card processing, ACH processing, and gift/loyalty card programs from an ecosystem of payment service providers. As a division of North American Bancard Holdings, LLC (NAB), an industry partner with over 20 years of experience and knowledge servicing merchants, enabling agents, and supporting partners, NAB Velocity is the omnichannel platform to an integrated system of payment and merchant services.
eMarketer predicts 37.5 million Americans will use proximity mobile payments this year — a 61.8 percent increase over 2015 — and total value of mobile payment transactions in the U.S. alone will grow 210 percent in the same period.