The new year is here and ISVs, ISOs and VARs continue to play a crucial role in delivering innovative business solutions into the markets they serve. But for many of these organizations, payment technology is not a core competency, and it doesn’t to be.
U.S. customers are no stranger to the PIN when it comes to debit transactions while they shop with large retailers. These retailers are using full POS solutions with PIN pads or touchscreen PIN entry to securely process its transactions. What’s less common here — but is widely accepted in the U.K. and Europe — is paying with a credit card and PIN.
We live in an experience economy and every business is trying hard to emotionally engage with their customers to make their shopping journey a positive one. Today, the market is filled with similar products and services and this pushes customers to pay close attention to the overall experience. How they grade these experiences can determine if they will spend money with that business again.
Over the last few years, enhancing the customer experience has gained a lot of traction among restaurant business owners. In fact, Deloitte’s 2019 report on restaurants discusses how good quality food is basic table stakes, while the customer experience is what takes a restaurant to the next level.
As we approach 2020, the past decade has shown a burst in travel demand, as well as the technology that has shaped how we travel. The U.S. travel industry has been on the rise since the last economic recession and is continuing to flourish. From 2009 to 2017, U.S. hotel gross bookings grew from $116 billion to $185 billion and airline revenue jumped from $155 billion to $222 billion, according to Deloitte’s 2019 travel and hospitality industry outlook report.
