New Trends in Credit Card Processing


Credit Card Processing | Credit Card Processing Fees | Credit Card Processing CompaniesThe payment landscape is shifting in every direction. From mobile payments and online transactions to updated point of sale and retail technologies, the way consumers are paying for their goods is changing. For businesses, this means changing the way they do business and moving with change of winds. One of the most popular forms of payments are via credit cards, and for the meantime (at least), that isn’t going to change. However, the method in which credit card processing occurs has already begun to shift. Here are trends in credit card processing happening right now.


Online Payment Processing

Online payments have changed the way credit card processing occurs, with no sign of slowing down. Many consumers have given up the magnetic strip for typing (and saving) their credit card information online. Many businesses favor the ability to securely save credit card information on file, with the convenience of charging the customer without them being there (or the customer having to carry a credit card with them at all).

Credit Card Swiper

A major shift in credit card processing is in the hardware in which they are scanned. The ability to mobilize a credit card scanner allows businesses to accept payments on the go, without changing the normal customer behavior. Smartphones are equipped with the technology that makes it possible to plug a mobile swiper into the headphone jack and use a phone as a credit card processing terminal.

Digital Wallet

A digital wallet means a credit card can be saved on a mobile phone to be used in replace of a physical credit card. This requires the merchant to have the technology (typically NFC, or Near Field Communication) to read a signal from the phone and process the transaction. Similar to a business storing credit card information on file, this method allows the customer to keep their wallets at home while still relying on credit card processing to pay for their goods and services.

Credit Card Processing | Credit Card Processing Fees | Credit Card Processing CompaniesFor more informaton regarding these or other payment acceptance methods contact us @
Quantum Merchant Services.


Quantum Merchant Services
7300 Hudson Blvd N
Oakdale, MN 55128
1-800-815-3123
Credit Card Processing | Credit Card Processing Fees | Credit Card Processing Companies




























New Trends in Credit Card Processing

Posted by on Dec 12, 2012 in Credit Card Payment Processing | No Comments
The payment landscape is shifting in every direction. From mobile payments and online transactions to updated point of sale and retail technologies, the way consumers are paying for their goods is changing. For businesses, this means changing the way they do business and moving with change of winds. One of the most popular forms of payments are via credit cards, and for the meantime (at least), that isn’t going to change. However, the method in which credit card processing occurs has already begun to shift. Here are trends in credit card processing happening right now.
Online Payment Processing
Online payments have changed the way credit card processing occurs, with no sign of slowing down. Many consumers have given up the magnetic strip for typing (and saving) their credit card information online. Many businesses favor the ability to securely save credit card information on file, with the convenience of charging the customer without them being there (or the customer having to carry a credit card with them at all).
Credit Card Swiper
A major shift in credit card processing is in the hardware in which they are scanned. The ability to mobilize a credit card scanner allows businesses to accept payments on the go, without changing the normal customer behavior.
Digital Wallet
A digital wallet means a credit card can be saved on a mobile phone to be used in replace of a physical credit card. This requires the merchant to have the technology (typically NFC, or Near Field Communication) to read a signal from the phone and process the transaction. Similar to a business storing credit card information on file, this method allows the customer to keep their wallets at home while still relying on credit card processing to pay for their goods.
How have you or your business changed with these new methods of credit card processing? Share your thoughts in the comments below or with us on Twitter and Facebook.
- See more at: http://paysimple.com/blog/2012/12/12/new-trends-in-credit-card-processing/#sthash.FpdTKiey.dpuf

New Trends in Credit Card Processing

Posted by on Dec 12, 2012 in Credit Card Payment Processing | No Comments
The payment landscape is shifting in every direction. From mobile payments and online transactions to updated point of sale and retail technologies, the way consumers are paying for their goods is changing. For businesses, this means changing the way they do business and moving with change of winds. One of the most popular forms of payments are via credit cards, and for the meantime (at least), that isn’t going to change. However, the method in which credit card processing occurs has already begun to shift. Here are trends in credit card processing happening right now.
Online Payment Processing
Online payments have changed the way credit card processing occurs, with no sign of slowing down. Many consumers have given up the magnetic strip for typing (and saving) their credit card information online. Many businesses favor the ability to securely save credit card information on file, with the convenience of charging the customer without them being there (or the customer having to carry a credit card with them at all).
Credit Card Swiper
A major shift in credit card processing is in the hardware in which they are scanned. The ability to mobilize a credit card scanner allows businesses to accept payments on the go, without changing the normal customer behavior.
Digital Wallet
A digital wallet means a credit card can be saved on a mobile phone to be used in replace of a physical credit card. This requires the merchant to have the technology (typically NFC, or Near Field Communication) to read a signal from the phone and process the transaction. Similar to a business storing credit card information on file, this method allows the customer to keep their wallets at home while still relying on credit card processing to pay for their goods.
How have you or your business changed with these new methods of credit card processing? Share your thoughts in the comments below or with us on Twitter and Facebook.
- See more at: http://paysimple.com/blog/2012/12/12/new-trends-in-credit-card-processing/#sthash.FpdTKiey.dpuf

Comments

Post a Comment

Popular posts from this blog

Clover POS Business Card Processing Solutions

Image
When is it time for a complete Point of Sale System like Clover? Point of sale system means different things to different people: it can be a glorified cash register, or an integrated system that joins sales, inventory, purchasing, and bookkeeping. If your business is still running on an old-fashioned cash register, odds are you could benefit from moving to a point of sale, or POS, system. A POS system is that it must work for you. It must meet your businesses needs and budget.  Most computerized POS systems today will have the following hardware A computer and screen, can be a touch screen if you are in the hospitality market Scanner Receipt Printer Cash Drawer Some newer system such as the Clover POS system come with apps that make it easy to build a system customized to your particular business. There are also other questions you can ask yourself such as: 1. Will the system grow with your business. 2. Are there different module that will need to be purchase
Read more

Card Processing Trends 2017

Image
Card Processing Trends 2017 Are we slowly moving into a cashless society? Some of the current and future trends may be pointing to yes.  Debit and credit card usage is up as well as the use of cryptocurrencies such as bit coin. At the time of this writing there are over 3 dozen (36) new cryptocurrencies currently trying to carve out an e payment niche.   Several different forms of electronic payments are slowly making it into the mainstream. Mobile Wallet usage such as Google Wallet, Samsung Pay, Apple Pay are also taking a slight chunk out of the pay with cash market. Why these different payment options are becoming popular is both simple and difficult to answer. On the easy side convenience and security.  Mobile wallets are primarily based on a device you more than likely always have with you, your phone. When utilizing your phone for mobile wallet payments you enjoy more encryption that is designed to keep your data safe. With standard credit cards
Read more

Clover POS apps that can help you Manage your Business

Image
With so many apps being developed for Clover Point of Sale Time Clock management is just one of the many apps that can help you manage your business. Many day to day functions can be made easier with apps from the Clover App store. Just some of the current apps that are available for the Clover Point of Sale Systems . Shifts: Clover Complete POS The Shifts app allows employees to: 1. Clock In/Clock Out 2. Declare cash tips 3. Use restaurant "server banking" and calculate how much cash sales net of credit tips are due to the house 4. Print reports of their card and cash sales totals, tip totals, and time worked for that shift Managers/Admins can access shifts and print reports for all of their employees.    Notes: Managers can display a digital note on all their Clover devices. Say goodbye to sticky notes taped to register screens! Timesheets by Homebase: Homebase is a FREE tool to make managing your team’s schedule and time sheets fast and
Read more