EMV® chip technology is an evolution in payments that will help increase security, reduce card-present fraud and enable the use of future value-added applications. Merchants who accept credit cards have an important deadline associated with EMV approaching. If after the deadline you fail to migrate to EMV payment processing, your business may be responsible for fraud-related costs that could have been prevented with the use of a chip-enabled point-of-sale (POS) system.
Since 2011, the Federal Reserve Board has conducted a survey of how consumers use their mobile phones to interact with financial institutions (mobile banking) and use of mobile phones to make informed shopping decisions and pay for goods and services (mobile payments).
When it was launched in 2010, Apple’s iPad® was marketed to consumers primarily as a platform for audio-visual media. It didn’t take long, however, for business users to latch onto the tablet. In its short span of existence, a number of iPad small business applications have emerged, including some that turn it into a portable terminal for credit card processing.
The everyday lives and digital lives of most American consumers are now wholly intertwined, according to a recent study, and the ownership of mobile devices is revolutionizing the consumer shopping experience. Is your business ready to meet their expectations?