For many merchants, PCI Compliance and related activities are a necessary annual pursuit that require additional work for resource strapped internal business units. The looming complexities of PCI DSS 4.0, combined with transitioning to a Level 1 merchant, will likely leave many organizations in the lurch as they determine how to handle these increased responsibilities.
Tag: Payment Technology
Buy Now, Pay Later is here to stay. But should your business be ready?
Many consumers and merchants have embraced Buy Now, Pay Later (BNPL) solutions. For merchants, the opportunity to boost their basket sizes, increase total transaction volume, and access a broader demographic base has been a boon. Consumers view it as a way of purchasing big ticket items while avoiding the burden of high-interest credit card debt.…
Why should merchants consider implementing a Buy Now, Pay Later (BNPL) solution?
BNPL can be viewed as an extension of the consumer credit card programs that emerged in the late 1980s, but with a unique upside for merchants. In contrast to credit cards, BNPL companies help expand the available consumer base, but they adopt the risk themselves by funding the purchase to the merchant immediately and allowing…
What’s Coming in PCI DSS 4.0 and How Should You Prepare?
Merchants can expect significant changes forthcoming in PCI 4.0 for the standard to match the current state of our payments ecosystem.
Moving Forward With Payment Technology
The following has been re-posted from C-Store Decisions. The original article can be found here. As EMV implementation wraps up, retailers must consider where mobile payment solutions are headed. By Ed Collupy The baseball season is in full swing and I’m reminded as I continue to think about card payments in the petro/convenience store industry…