Contactless Technology: 3 Things You Should Know

Contactless technology is nothing new. It’s been with us for over two decades now, and countless businesses and institutions around the world use it today to conduct transactions, easily, quickly and securely. In fact, Visa says that 48% of its in-person transactions (excluding the U.S) are contactless. This includes more than 50% in Canada and the U.K, and a staggering 90% on Australia. (more…)

Continue Reading

Tips on Boosting Your Payment Acceptance Rate

It’s safe to say that the integration of the internet and smartphones has irrevocably transformed consumer behavior and raised the level of expectations. The modern consumer simply doesn’t settle for anything other than uninterrupted, seamlessly functional user experience—particularly in the payment processing area. What they want is a multichannel and personalized approach that works seamlessly on all of their digital devices. (more…)

Continue Reading

A Quick Look into Some of the Features of EMV Chip Technology

Credit card fraud is one of the most common forms of financial crimes reported on a global scale. Back in 2018, nearly $24.26 billion was lost to credit card fraud— the instances of fraud have tripled since 2014 to reach as high as 160,000 reports throughout the US alone. Additionally, the increasing use of digitized payment methods and online card payments has put consumers at higher risk of financial fraud than any other. (more…)

Continue Reading

Contactless Payments: A Look at the Benefits

Contactless payment systems are one of the more recent developments in the digital payments industry. Making use of Near-Field-Communication systems that you find in all recent phones, contactless payment methods let you make payments through your phone. The global leaders for this technology include Google Pay, Apple Pay and Samsung Pay—pushing forward the growth of proximity mobile payment transactions to nearly $314 billion. (more…)

Continue Reading
×