Businesses looking to make an impact on their bottom line should take a look at the way they process electronic transactions. Today consumers view their transactions as an experience gravitating toward convenience. Long lines at the cash register can often turn away customers, sending them to competitors who might have more convenient ways to pay and therefore shorten time spent to complete the purchase. Impulse buyers are another reason to make sure that transactions go as smooth as possible increases the chance of future purchases. Read more of this article »
Posted in Electronic Payments Tagged with: account, application, electronic payments, electronic transactions, fees, merchant, process, process transactions, Processing, Rates
In discussions about merchant service providers, Square and PayPal entering talks is a given. Sqaure offers free credit card readers to entice merchants to switch their credit card processing to them. PayPal recently launched an initiative to expand it’s reach into retail stores and offers to waive processing fees through 2013. With the coming rush to mobile transaction processing more companies are entering the fray. AT&T, Verizon, T-mobile and Sprint are looking to get into the credit card transaction processing gig as they already carry that data over their cellular networks. ISIS Wallet and Google’s digital wallet bring credit card transactions to Android smartphones and tablets, and Visa is expected to launch its Visa Ready program as it rolls out test merchants. Read more of this article »
Posted in Mobile Payments Tagged with: Android, bluetooth, Chip & PIN, credit card processing, Digital Wallet, EMV, fees, google, ISIS, m-commerce, merchant, merchant account, nfc, payment processor, PayPal, Rates, Square, transactions, Visa MasterCard American Express
