Friday, February 9, 2018

"Plastic" may very well become a thing of the past....









Image result for iphone payment images
Add all your credit cards to your cellphone and no need to carry them around! 

In today's new payment world, there are all types of payment acceptance:
  • Terminal swiping or EMV Chip
  • Point of Sale swiping or EMV Chip
  • Mobile payments to a cellphone using a card reader to swipe or an EMV Chip
  • Apple/Samsung Pay TAP
  • TAP using your bank debit or credit cards near a terminal or card reader


The future will bring more of what is termed "Invisible payment experiences". Those experience whereby no physical "plastic" card is required to accept payment:





  • PayPal account payments- save info once and reuse
  • Online payments with "saved credit cards" like on Amazon
  • Mobile payments using a Mobile App
  • Apple/Samsung Pay TAP
  • TAP using your bank debit or credit cards near a terminal or card reader
Europe and Asian have already gone to accepting TAP at vending machines and most stores. Everything else is done via mobile apps even bank to bank payments are now using cellular apps like VENMO and more.

Image result for mobile apps with payment images


If you have NOT sat down with Claudia, Yamilet or Stephanie of Merchant Processing Solutions Inc. this year, to discussed your business and payment acceptance options and future, you could be missing out on some valuable information to help you compete and grow your business. 

Call us today @ 954-938-2420


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