Credit Card Processing | High Risk Credit Card Processing | Card Processing Fees

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

Global mobile payments are expected to grow a little more than 25% by the end of 2017. As more and more people switch to smart phones the ability to pay with a mobile device increases yearly.   Consumers that are offered more options to pay for goods and services are more likely to spend more.  The ability for a consumer to pay with a smartphone alone won’t foster usage of digital wallets. Rather, financial services players should brainstorm ways in which the technology can create new opportunities for shoppers. In other words, the goal of digital wallets isn’t about replacing  plastic , which works well; rather, it’s about creating value-added features that center on improving the  digital commerce experience .   “**There will be an explosion of mobile payment apps,” “The commerce space is incredibly rich and rewarding for players. …There will be a massive amount of innovation once the entrepreneur community gets it.” (**Payments Industry Spokesman) Mobile payments