Biometrics Payments: Where Are We Headed?

 

Biometrics today, such as fingerprint readers and facial recognition, are making the payment experience more secure and seamless for consumers. Biometrics have been widely used in other industries including law enforcement, healthcare and voter registration for several years. In the past, authenticating a person came only in the form of either something you have (a key, a badge) or something you know (a PIN, a password). A password is more difficult to steal than a physical object, but it can still be done. Biometrics today also verify identity based on characteristics unique to the person which cannot be stolen or replicated (for the most part).

Read More

Is Your Payment Technology Partner Up to Snuff?

Innovative applications that integrate payment acceptance simplify one of the most critical business processes – accepting electronic payments. If retail stores today had to constantly switch between their POS app and the one that accepts payments, the margin for error is likely to increase. Staff can become inefficient causing delays in checkout, billing inaccuracies could increase, etc. But most importantly, it will affect the shopper’s overall experience.

Read More

Chip is In, Swipe is Out…Almost

2015 was an interesting year in the U.S. payments industry. Counterfeit credit cards were on the rise and every business that accepted payments was panicking about something called the “EMV migration.” ISVs that provided payment acceptance solutions to their customers were also in the same boat and were trying to figure out what the next step is for them. It has been over three years since and it brings up the question we all have in mind – is EMV helping? A recent report from Visa provided insights into the efficacy of the migration in the U.S.:

Read More

Going Cashless: Here’s What’s Good and Bad About it

With the advent of credit cards in the early 1900s, consumers all around the world have been experiencing cashless payments. What started with these plastic cards, has now evolved into contactless and peer-to-peer (P2P) payments providing additional convenience for consumers today.

Read More

Buy Online Pickup In-Store: Everything You Need to Know

Buy online pickup in-store (BOPIS) is an increasingly attractive option for consumers. According to Business Insider, 68 percent of US consumers have made numerous click-and-collect purchases. What’s more, 50 percent of shoppers said that being able to pick up their order in-store has influenced their decision of where to shop. The data speaks for itself and in addition to the strong desire from consumers, there are benefits of click-and-collect purchases for businesses when it comes to providing a great customer experience and maximizing revenue. Let’s take a look at a few of them:

Read More

Subscribe