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“Smart terminal” is a relatively new term in the payment glossary. But it is something that is becoming more widely discussed among merchants of all sizes, types and categories. This is a shift in how merchants view payment service providers.
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The data for today’s episode comes from a report by the Mercator Advisory Group. Smart POS Terminals: Rapidly Transforming Payment Acceptance
Key pain points of POS technology for small businesses
- 41% – Upgrade POS terminals
- 39% – POS terminal and technology security/PCI compliance
- 37% – Integrate customer data across POS and online channels
- 33% – Accept POS payments from customer mobile phones
About reporting
Mercator Advisory Group Report, Smart POS Terminals: Rapidly Transforming Payment Acceptance provides insight into this exciting new technology and what every merchant should know about it.
Rather than conducting due diligence to select the “best” service provider for each functional area of payment, orchestration allows merchants of all sizes and sizes to access digital, face-to-face or other channels. The growing diversity of payment methods, including contactless and e-wallets, creates an environment where having the right partner is paramount to achieving payments and overall business goals.
The right payment partner provides merchants with the capabilities they need to operate in this rapidly digitizing business environment. Automation and frictionless experiences are essential to ensuring customer satisfaction and loyalty. Similarly, to enable merchants to offer these services, processors and other payment parties update their own services and products to meet the latest consumer market demands and regulatory requirements. is needed.
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