Mitigating Card Payment Outages by Leveraging a Payments Orchestration Partner
It’s virtually impossible to predict when card payment outages may occur. Payment processing outages are typically a matter of “when,” not “if,” and as…
Tag: payments
What is Payments Orchestration?
Historically, the payment processing environment was more straightforward, but a widening array of customer payment options has made payments increasingly complex for businesses.…
Leveraging Payment Tokens for Business Growth
Tokenization is a powerful technology businesses can use to protect and remove cardholder data from their systems. Beyond the superior security it provides,…
5 Benefits of Upgrading to Payment Orchestration
The right technology is vital for merchants to maintain a competitive advantage. From new payment types to vendor services, enhanced security to increased…
What are the New Rules for Stored Payment Credentials?
Storing payment information for later use, which can include both a card number or payment token, streamlines the checkout process for future payments…
How Payment Orchestration Solves Merchant Needs
Electronic payment processing is complex and risk-inducing. Not only are pieced-together or siloed systems and bolted-on applications frustrating, but the costs of disjointed…
How a Payments Orchestration Partner is the Next-Gen Switch Provider
Merchant needs are continually evolving, in a constant crunch to keep up with both customer demands and an ever-increasing number of payment options.…
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.
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.
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.”