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
Investing in technology is one of the biggest business decisions you’ll make. You want to ensure your business is benefiting from what’s available, but you don’t have the budget to buy every gadget that comes to market. For a retailer, this technology decision often hinges on when to upgrade the POS equipment. Here are some things to consider that will help inform your decision about when it’s the right time to upgrade and choose the right POS system for your business.
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Topics:
Due.com Partner Posts,
Payment Technology,
Small Business Tips,
Getting Started with Payments
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
What do you do when: Your App Store brings in $11 billion annually? You’ve sold more than 2 billion phones worldwide? You’re company’s valuation exceeds $1 trillion? The answer is simple. You go into mobile payments, of course. That’s precisely what Apple did with the introduction of Apple Pay — a virtual wallet that allows users to link credit cards to their phones, whether they’re shopping: On an e-commerce site Within the App Store In-person at a retail store
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Topics:
Payment Technology,
Payment Trends,
Consumer Education
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