What is the Difference Between PIN on Terminal, PIN on Glass and PIN on Mobile?

Micro-merchants and small businesses have a low number of monthly transactions and spending thousands of dollars on a full-blown POS system isn’t always cost-effective. If you are one of them, you may have been using mobile POS solutions to accept electronic payments to keep your cost down. Over the years, this type of payment solution has gone through many changes – card readers have become smaller for easy portability. In other instances, tablet POS solutions have helped many businesses improve staff efficiency and customer experience. With EMV chip and PIN transactions becoming more common in the U.S., there is a need for mobile POS solutions that can securely accept PIN while still keeping the technology costs down for merchants. This is where PIN on Mobile comes in. These new solutions allow you to securely accept PIN transactions by using a card reader and your consumer grade mobile/tablet device as a POS system. You can learn more about this solution in one of my previous blog posts.

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Mobile Wallet Adoption Among Students on the Rise, Are Businesses Listening?

It seems like we’re doing everything on our smartphones today—from reading the news and taking high-quality photos, to ordering and paying for food ahead of time. Businesses need to be ready to accommodate this ongoing transformation by adopting new payment acceptance technologies, such as mobile wallets, an additional capability of NFC contactless technology. Consumers are already asking for it—this holiday season, 30% of consumers plan to use smart payment methods while shopping in store: 24% by smartphone and 16% by wearable (e.g. Apple Watch). To add, younger generations are starting to use their smartphones for things like storing their university ID and paying for extracurricular activities through an app. By being prepared to accept NFC contactless payments and allowing customers to pay how they want to pay, businesses can be at the cutting edge of technology, especially as these students will come to expect it.  

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What Goes Inside a PIN on Mobile Solution?

Small business and micro-merchants across the U.S. are looking for a solution that helps them securely accept payment without compromising on security and burning a hole in their pockets. An answer to their call seems to be brewing up in the industry with PIN on Mobile technology. In my first blog post in this series, I discussed the basics of what a PIN on Mobile solution is all about and how does it work. In the second post, I explored which vertical benefits the most from this technology and how. For my third blog post in the series, I am taking a technical route and am looking to talk about the different components of a PIN on Mobile solutions. This is again a common question that I get when I talk about this subject.

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Can Retail Break This Magic Spell?

If you’ve seen the Jungle Book, you might remember that scene where Mowgli is under the spell of Kaa - the python. He is rescued and snaps out of the spell before he gets eaten but that scene is significant in understanding the state of retail. Today, the offline retail industry is spellbound and believes it is fighting a battle with their online counterparts that it may eventually lose. But if you ask me, this is just a spell which needs to be broken.

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Deck the Halls with Better Customer Service

The holiday shopping season is in full swing and trends are pointing toward even more spending this year. The National Retail Federation announced earlier this fall that it expects holiday sales to climb from 4.3 percent to 4.8 percent over last year ($717.45 billion to $720.89 billion). How can retailers be sure to take advantage of this huge opportunity to reach their sales goals and beyond this holiday season?

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