Anna Dizon

2 weeks ago | technologyadvice.com | Anna Dizon

Table of contentsToggleWith increasing consumer preference for contactless transactions, adopting NFC technology can provide your business with a competitive edge while also future-proofing your payment systems. Key takeawaysNFC payments provide a fast and secure contactless alternative to traditional payment methods. Transactions occur via encrypted data exchange between NFC-enabled devices and terminals.

2 weeks ago | technologyadvice.com | Anna Dizon

Table of contentsToggleKey takeawaysRetail payment processing allows your business to accept a wide variety of payment methods in-store, on mobile, and online. The right payment processing solution will increase your sales, provide customer convenience, and build loyalty by enabling a personalized buying experience. Choosing the best payment processing company depends on matching your current business needs and future business plans to a provider’s pricing and features.

3 weeks ago | techrepublic.com | Anna Dizon

With AI technology, payment fraud and fraud prevention have become more complex and sophisticated. Both financial data owners and businesses that accept illegal payments are directly affected by payment fraud. The best payment fraud prevention strategy requires careful risk assessment, planning, implementation, incident response preparation, and documentation. What is payment fraud? Payment fraud is the unauthorized use of an individual’s financial information to conduct illegal transactions.

1 month ago | techrepublic.com | Anna Dizon

Key takeaways:Pay by bank is an electronic exchange of funds that can be used for personal or commercial transactions. For individuals, the pay-by-bank method is popularly used for large, one-time money transfers. For businesses, pay-by-bank transactions are a great alternative to credit cards that charge merchants with much higher processing fees. The latest advancements in pay by bank include digital banking, which is slowly enabling real-time and cross-border exchange.

1 month ago | techrepublic.com | Anna Dizon

Gone are the days of the leather wallet and chunky billfold. Instead, people are turning to digital wallets: mobile phone-, tablet- and smartwatch-based tools that securely store payment details and other information. This technology is used to make payments in a more secure fashion than traditional credit card swipes and cash. But there are other benefits too, especially for small business owners.