Article | January 10, 2018

Advanced Payment Technology Could Address Security Concerns

Source: EVO Payments
Security

The good news is that the industry-wide push for increased security - through both EMV and mobile adoption - seems to be paying off.

Many of the changes in the payment processing ecosystem over the past few years have been made with heightened security in mind, as companies look to stamp out fraud and reduce identity theft. However, the transition to a more secure payment environment has not always been easy, in large part because some aspects of the transition lag behind where many may have thought it would be at this point. 

Security issues such as PCI compliance still linger for many merchants, but working with a point of sale reseller to get in front of these potential problems can go a long way toward achieving a successful security situation. 

The good news is that the industry-wide push for increased security - through both EMV and mobile adoption - seems to be paying off these days, as more companies realize the importance of the transition and find effective ways of catching up, according to a report from Read IT Quick. The general trend toward broader consumer acceptance of these payment types is clear enough these days, but now that merchants are getting on board in earnest as well, it's likely that use of and demand for more advanced security systems will tick up appreciably in the months and years ahead.