Category: Contactless Payments

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OLS Payments Executive Spotlight: Andy Orrock

If you’ve ever had a conversation with Andy Orrock, you most likely walked away having learned something new and fascinating.

For more than 30 years, Andy Orrock has created and been chief operator of innovative enterprise-class payment systems for Fortune 500 retailers. As vice president, software engineering, Andy oversees the strategic direction, development and operation of the payments solutions that OLS Payments provides. He’s been chief architect of several OLS Payments services, holding a patent for a bridge service designed to maximize uptime for retailers.

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Improving the Holiday Returns Process With Transaction-Based Payments Tokenization

According to the National Retail Federation (NRF), consumers returned an estimated $428 billion in merchandise to retailers in 2020, approximately 10.6% of total U.S. retail sales in 2020. Following the 2021 holiday season, UPS says it is on track to process more than 60 million return packages between Nov. 14 and Jan. 22 – a 10% over last year. In addition, one in four Americans is expected to make a return.

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Looking Ahead: 2022 Predictions for the Payments Industry

It’s hard to believe that another year has already passed. At OLS Payments, we have seen rapid changes and growth in 2021. Businesses looked to prioritize and overcome payments security challenges. We also saw merchants meet consumers’ growing demands for fast and contactless methods as a result of the pandemic.

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Alternative Payments /

Your 2021 “Turkey Five” Payments Prep Recipe

Americans across the country will soon be feasting on turkey, green bean casserole, cranberry sauce and mashed potatoes. In preparation, families bring out their favorite recipes to share with loved ones and get all the ingredients they need for a successful Thanksgiving. And retailers need to do the same.

Thanksgiving kicks off the five biggest shopping days of the year – the Turkey Five. Ahead of the big event, retailers must have their payments processes in place to handle numerous transactions and ensure that security breaches don’t “wreak havoc in the kitchen.”

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Flexa Partnership Enables Seamless Digital Currency Acceptance

According to a study from PYMNTS, crypto ownership has been on the rise, up 63% year over year. The study also found that more than half of current or former crypto owners made at least one purchase with digital currency last year. Meanwhile, 59% of consumers who have never owned crypto are interested in making a purchase with it in the future.

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