When the use of a magnetic stripe shifted towards EMV chip cards, it was marked as the most prominent payment development in the 21st century. Chip cards have been lauded for their improved security and functionality, but they are still missing the mark when it comes to addressing vital authentication problems, leaving retailers to deal with the mess. Stephanie Martz,...
A recent online survey shows that people who pay for purchases with debit cards or prefer to would consider using point-of-sale credit to pay for even common household items, like groceries. This indicates that consumers are willing to embrace alternatives to credits, even if it means paying installments for everyday items. According to New York City-based Auriemma Research, about 40%...
There was a market starving for credit, and fintech companies saw the potential. Both shoppers and merchants have embraced it. Affirm’s recent announcement of its partnership with retail giant, Walmart, helped show many that point of sale credit is closer to becoming a mainstream payment option and an alternative to credit cards. The Numbers Don’t Lie Fintechs, like Affirm, have...
The market value of global point-of-sale terminals Market valued approximately $54.7 billion in 2016 and is anticipated by more than 11.20%, according to Big Market Research. Companies also are focusing more on software due to increased penetration of smartphones. Movement beyond hardware means embracing software and services, which is a trend that will last for years for both providers and...
The ongoing growth in online shopping is accounting for major changes in the field. On the one hand, physical stores are being closed. On the other hand, the point of sale (POS) in the stores that continue to operate undergoes some changes. Are you interested in the future of POS? Do you want to know how you can get the...
If your business is among the many exploiting their gains on the internet, you need to integrate a payment gateway into your website for easy and direct transactions. Brick and mortar establishments, on the other hand, require point-of-sale terminals for payments. As the owner of such a shop, you might be thinking that once you’ve acquired a merchant account from...
With as many as 5 million mobile point-of-sale readers in circulation in the United States, mobile POS companies will have their hands full following the liability shift set for October 2015 when the nation’s payment card networks step up the migration to the MasterCard-Visa chip and pin system. While this change is fantastic for security reasons, there are sure to...
