The world is increasingly turning to mobile solutions – from how we book ride services to how we shop for clothes and electronics, it’s all done in the palms of our hands. It’s only natural then that restaurants are also turning to mobile tech solutions to solve common food industry headaches, improve profit margins, and…
Although you may have heard credit card processing fee horror stories from other small business owners, you may regret not offering these payment options and taking a cash-only approach. By not accepting plastic, you risk losing sales. According to Intuit, the average small business loses $7,000 per year in sales if they don’t accept payment…
There is no denying the benefits of EMV pay-at-the-table technology for the restaurant industry. Allowing patrons to pay at the table results in faster table turnover—which means an improved bottom line. Accepting EMV payments will help protect your business from costly fraud and chargebacks, and your customers will be impressed with more efficient service. To…
Although the U.S. began accepting EMV payments on October 1, 2015, a large number of merchants have still not made the transition to the new payment technology. For smaller stores and restaurants where fraud seemed less likely, EMV compliance was less of a concern. However, merchants of all sizes are now realizing they can be…
The transition to EMV technology for card-present point of sale (POS) payments is an effective deterrent to credit card fraud in brick-and-mortar stores. However, online fraud is becoming an increasing concern as the focus shifts from fraud committed at physical stores to online storefronts. According to Aite Group, card-not-present fraud now represents 45 percent of…
There’s no question about it: Mobile payments have moved into the mainstream as retailers and foodservice operators add mobile point of sale (mPOS) technology in an effort to improve customer service efficiencies, foster customer engagement, conserve costs, and more. The mobile payment arena continues to evolve, with three mobile payment trends emerging or becoming stronger…
Mobile payment adoption continues to rank among the most-discussed topics in the retail, hospitality, and payment industries. Statistics indicate that the future of mobile payments is bright, even if adoption is occurring at a slow pace. For example, according to a Gallup poll conducted in 2015, 13 percent of Americans had a mobile wallet, such…
An increasing number of banks are issuing contactless chip cards which, instead of being swiped through a card reader, communicate with the card reader via near field communication (NFC) technology. However, many merchants (and consumers) are concerned about whether contactless payments are secure. Reviewing the answers to these four frequently asked questions (FAQs) about contactless…
By now, you’ve heard plenty about the adoption of the EMV (Europay Mastercard Visa) payment technology standard and the deployment of EMV-compliant point of sale (POS) equipment that processes chip card transactions. But when it comes to restaurants and EMV, there’s a lot of misinformation circulating because EMV payments in restaurants raise different issues than…
If you’re like many retailers and hospitality operators, you’re preparing to upgrade your POS system in accordance with the Europay/MasterCard/Visa (EMV) liability shift. Maybe you’ve already done so, given that the shift took effect on October 1. Making such a move has its benefits—i.e., allowing you to process chip-enabled cards and, in turn, protecting you…