2019 marks the year that many mobile carriers launch their 5G networks. It’s the fifth generation of wireless technology. The changes include new smartphones with 5G capability, which have only recently hit the market. That means most people don’t yet have access to this powerful network. However, it’s important to start covering the 5G revolution as it starts to prepare retailers for the opportunities to come so changes can start now to accommodate the new network.
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Topics:
Due.com Partner Posts,
Mobile Payments,
E-Commerce and Online Payments,
Payment Technology,
Small Business Tips,
Payment Trends
Accepting gift cards for your small business is a simple, effective way to improve sales. Gift cards are easy, convenient options that take the guesswork out of gift giving and allow the recipients to purchase the item or receive the service they desire. There are many benefits of accepting gift cards. Here are just a few:
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Topics:
Payment Technology,
Small Business Tips,
Getting Started with Payments
Digital transformation is happening all around us as our lives become more dependent on internet technology. Yet, whereas much of this transition is driven by consumer desire for ease, speed, and convenience, businesses are sometimes reluctant to make the requisite investments to meet this growing demand for digitization. Doing so is often seen as prohibitively expensive.
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Topics:
Software and Payment Integration,
Mobile Payments,
E-Commerce and Online Payments,
Payment Technology,
Payment Trends
For decades, consumers around the globe relied on “legacy” credit and debit cards when shopping in-person at retail stores. These simple pieces of plastic came with account numbers on the front and a magnetic stripe on the back that allowed users to physically swipe their cards at the checkout counter. The problem was, these magstripe credit cards were relatively easy to clone — even from a distance. This security flaw allowed criminals to steal a user’s payment data and rack up fraudulent charges.
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Topics:
E-Commerce and Online Payments,
Payment Technology,
PCI Compliance and Fraud Prevention,
Small Business Tips,
Payment Trends
In June, Facebook announced Libra, a cryptocurrency that allows Facebook users to make purchases or send money to other Facebook users without any fees attached to these transactions. You can use it online, at exchange points that include certain retailers, through a third-party wallet app, or as part of Facebook’s Calibra wallet. It is set to launch for public use during the first half of 2020.
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Topics:
Due.com Partner Posts,
Mobile Payments,
E-Commerce and Online Payments,
Payment Technology,
Payment Trends,
Consumer Education
At one point, RFID was pegged as the disruptive retail technology that would forever change how this industry operated. And, while RFID had a positive impact and has helped evolve retail to address the need for a frictionless process, the power of the Internet of Things (IoT) – a networked infrastructure that connects multiple devices to share data in faster, more varied ways – has certainly evolved over the last 10 years.
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Topics:
Due.com Partner Posts,
Mobile Payments,
Payment Technology,
Payment Trends
Although it sounds more like something out of a science fiction novel or movie, facial recognition is gaining ground as a technology for identify verification. If you have an iPhone, you may already be using this biometric method. Rather than entering a password, your smartphone recognizes you from a scan of your face that it took when you first used it. From there, many more apps have integrated the facial recognition technology.
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Topics:
Due.com Partner Posts,
Mobile Payments,
Payment Technology,
Payment Trends
The last thing any online or in-store retailer wants is for their customers to abandon their shopping carts. That means a lost sale in the present and the potential for lost sales in the future if the customer decides to not return. However, some retailers have been so accustomed to controlling the transaction process that they have lost touch with what their customers want out of a checkout experience.
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Topics:
Due.com Partner Posts,
Mobile Payments,
E-Commerce and Online Payments,
Payment Technology,
Small Business Tips,
Getting Started with Payments,
Payment Trends
The in-vehicle payment market is considered relatively new with some of the first mentions of its potential in 2017 when researchers started tracking this business segment. The first signs of this new payment method appeared in 2016. Current and Projected Growth Now, according to research firm Technavio, the global in-vehicle payment services market is set to increase by over 195% during the period from 2017 to 2021.
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Topics:
Due.com Partner Posts,
Mobile Payments,
E-Commerce and Online Payments,
Payment Technology,
Payment Trends
Payment methods and preferences continue to evolve and change. Contactless payments -- also known as tap and pay -- have been one of the trends on the radar for the last few years. In 2019, there are more changes in mobile payments and contactless payment trends that are important to watch to ensure your business is addressing customer expectations.
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Topics:
Due.com Partner Posts,
Mobile Payments,
Payment Technology,
Small Business Tips,
Payment Trends
