The payment processing industry is facing considerable changes as it heads into 2010. We’ve already discussed regulatory driven changes such as PCI DSS, and chip and PIN technology. This article will focus on the consumer driven changes facing the industry, such as the move to mobile technologies and the entry of Visa Debit in the Canadian marketplace. Stay informed on how industry changes will affect your business by following our blog.
Mobile technology
The move to mobile payment processing devices will have a dramatic impact on the Canadian market.
What is it?
Mobile technology allows payment processing through wireless handheld devices. In the last couple of years, mobile devices have evolved from wireless point of sales (POS) terminals into applications for cellular phones and smartphones. While mobile technology has been around for many years, it is starting to have a significant impact on how you do business away from the office.
How does it affect your business?
There are several ways that mobile technology can affect your business. By taking the hassle out of wireless processing, you can expect:
- Increased cash flow.
- Secure card authorizations.
- Reduced risk of fraud and chargebacks.
Most important, you will have the freedom to conduct business at your convenience, even if you don’t have a phone line readily available.
Visa Debit is entering the market
Visa Debit is now available in Canada!
What is it?
Visa Debit is like any ordinary debit card. It allows cardholders to pay directly from their bank account. The primary … Read more