Remove Chip Cards Remove Contactless Payments Remove Point-of-Sale (POS)
article thumbnail

Giving Community Banks The Contactless Card Boost

PYMNTS

million payment cards, Giorgio said. The contactless card opportunity for community banks stems from the expiration of first-generation EMV chip cards, she told Webster. Hip Contactless. She noted that, ever since EMV chip cards were introduced in the U.S., Let’s break that down a bit.

article thumbnail

xPressTap: mPOS Without The Dongle

PYMNTS

Instead of a dongle, micromerchants download an app which turns their NFC-enabled phone into a point of sale (POS) system in minutes. The POS is capable of doing business with anyone who has a contactless card or NFC-enabled smartphone. Giving those micromerchants a path to their digital payments future.

article thumbnail

10 Easy Ways to Collect Payments from Customers

EBizCharge

This article will explore ten straightforward methods for collecting payments from customers, highlighting the benefits and practical applications of each. The importance of seamless payment collections A seamless payment collection process is crucial for businesses as it ensures efficiency and customer satisfaction.

article thumbnail

How Adopting Mobile Payments Can Help Your Business Grow in 2024

Stax

Thanks to these modern payment solutions, credit card, and debit card users can now complete their purchases without swiping or inserting their cards at the point of sale (POS) terminals. Why Is Adding Mobile Payments Important to Businesses Today?

article thumbnail

Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

The steps to process a credit card transaction Step 1: Authorization Request The process initiates when a customer presents their credit card for payment. The merchant’s point-of-sale (POS) system sends an authorization request to the acquiring bank (also known as the merchant bank) via a payment gateway.

article thumbnail

Square Chip Readers Get Speed Boost

PYMNTS

“These seconds we’ve chipped away matter a lot to both the customer and business owner handling hundreds of transactions a day.”. Campbell-Urban noted that while Square believes that contactless payments are the future in the U.S.,

CHIPS 41
article thumbnail

Theory Of Payments Evolution: EMV Will Get Better With Age

PYMNTS

If there is one universal truth in payments, it’s that the easier a process feels to consumers, the more difficult it was to implement on the back end. Such is the case with EMV — the chip that allows customers to pay with a credit card by inserting or “dipping” it into a point-of-sale (POS) card reader instead of swiping the old mag stripe.

EMV 43