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Why You Should Sell EMV-Compliant Solutions With NFC Technology

In this Business Solutions exclusive, Jared Isaacman, CEO of Harbortouch, explains why your merchant IT clients selecting EMV-compliant payment solutions need to consider also upgrading to accept payments that use near field communication (NFC) technology. Advising your IT clients to look ahead can help establish you as a knowledgeable business advisor — as well resulting in upsell.

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POS & PAYMENT PROCESSING MAGAZINE ARTICLES

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POS & PAYMENT PROCESSING EXECUTIVE COMMENTARY

  • 8 Essentials Of Restaurant Networks And Protection From Hackers
    8 Essentials Of Restaurant Networks And Protection From Hackers

    Restaurant networks today are much like the airways and airports many of us travel every day.  Networks need to provide successful delivery of data to and from multiple users, applications, and devices just as jetliners transport passengers around the world.  And networks also need to provide security, both at the edge and through the network, for all of this data just like airports and air marshals provide today for their many travelers. 

  • The Biggest Threat To The Channel? Manufacturers That Sell To End Users
    The Biggest Threat To The Channel? Manufacturers That Sell To End Users

    The biggest threat to the channel is the same as it has always been — manufacturers. Businesses are constantly seeking growth and expansion. Part of this formula requires keeping investors and shareholders happy. The need for manufacturers to always have constant and accelerated growth has become the new normal but there are only so many ways in which this can actually occur.  Being a channel friendly company allows manufacturers to sell their products or services through the channel without dealing with end users.

  • 6 Reasons To Offer Financing To IT Customers
    6 Reasons To Offer Financing To IT Customers

    Regardless of size, IT is a critical component to running a business. However, computers, servers and other IT equipment can get expensive. This often drives businesses to delay replacing hardware in order to reduce operating expenses. Yet, what if they didn’t have to pay for their IT purchases in a single payment upfront?

  • What IT Solutions Providers Need To Know About The U.S. Migration To EMV-Enabled Solutions
    What IT Solutions Providers Need To Know About The U.S. Migration To EMV-Enabled Solutions

    Payment processing is an ever-evolving industry, and this year the U.S. is adopting the chip card standard, also known as EMV (Europay, MasterCard, Visa). EMV is a driving force in the global payments market today, providing the latest and most reliable data security standards.

  • 5 Ways To Win The Best Employees In A Talent Shortage
    5 Ways To Win The Best Employees In A Talent Shortage

    Talent. It’s hard to find and even harder to retain. The more specialized your field, the fewer qualified people there are to select from. And even if you’re fortunate enough to be located in a top tech hub saturated with talent—Silicon Valley, Seattle, Washington D.C., Boston, and Sacramento according to Forbes — you’ll have to work hard to keep competitors from luring away your best players.

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RETAIL-FOCUSED WHITE PAPERS & CASE STUDIES

  • The Holy Trinity Of Payment Security
    The Holy Trinity Of Payment Security

    Payment security remains a topic of great consequence in north america due to the recent number of card holder data breaches as well as the imminent eMV liability shift in october 2015.

  • Mobile POS Solution Speeds Checkout And Food Prep Time At Red Mango

    Red Mango started serving frozen yogurt in 2007. Since then, the number of yogurt lovers has rapidly increased, and the company now has over 200 locations in the U.S The menu has also expanded to include items like wraps, salads, juices, and smoothies. In 2014, Red Mango premiered in Puerto Rico, opening four locations in San Juan.

  • The Digital Wallet Opportunity: Beyond The Hype

    What growing consumer comfort with m-commerce means for brick-and-mortar mobile payments, and what merchants must do to respond.

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POS EVENTS

Retail IT VAR Of The Future May 12-13

Las Vegas

NRA Show May 16-19 Chicago
2015 Mobile Payments Conference August 31 – September 2 Chicago
     
     

ABOUT POINT OF SALE (POS) AND PAYMENT PROCESSING

Point of sale (POS) is the place where retail transactions are completed; where payment is exchanged for goods or services. POS is used in many retail industries and many require unique customizations to the hardware and software in order to accommodate their transactions. POS features include scanners, manual and electronic cash drawers, scales, EFTPOS terminals, handheld scanners, touch screens, and many other options. Modern POS systems often act as more than just a system to process transactions by providing inventory management, warehousing, CRM, financials, and more.

In addition to standard on-premise POS systems, modern POS software can be delivered from the cloud in the software as a service (SaaS) model. Cloud-based POS systems can be compatible with traditional POS hardware in addition to mobile devices such as iPads, iPhones, Android devices, and more. Cloud-based POS offers the ability to access data from anywhere there is an internet connection and normally offers faster setup due to it being run remotely.

Payment processing is done by payment processors which are often third party companies hired by a merchant to handle credit card transactions. Payment processors are broken down into two types: front-end and back-end. The front-end processors perform card associations, authorizations, and settlement services while back-end processors accept settlements from front-end processes and move money from issuing banks to merchant banks.

Modern payment processing is usually provided in the software as a service (SaaS) model, giving merchants a single simple electronic portal that allows them to process payments in various forms including recurring payments, web payments, checks, and more all in the same place.

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POS & PAYMENT PROCESSING MULTIMEDIA

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