By James Korte, BlueStar
Payment processing has come a long way within the past couple of years. With the new year among us, it’s important to be aware of the forecasted trends that will rock your world, especially if you’re an ISV. Take a glimpse at these five predictions for payment direction in 2019:
1. GOODBYE EMV, HELLO CONTACTLESS!
Quick turnover times and efficiency are of utmost importance when completing transactions in both retail and restaurants realms today. Time is money for both consumers and employers these days. It’s best to have the highest producing software and hardware solutions to appease both parties. EMV chip cards were the highlight of the year, with safe and encrypted payment processing at the checkout counter, but now it’s more about the speed of things to get you through the shift.
Leaping into the new year, EMV Chip cards will be able work in coordination with contactless card readers, allowing for a broader range of accepted payment options. Not created yet, users will be able to take advantage of technology later in the year. Stay tuned!