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,…
Tag: tokenization
Why Payment System Security is Vital
Keeping payment systems secure is a primary concern for merchants, particularly in the face of unrelenting threats from data breaches and security hacks.…
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.”
Andy’s thoughts on Omnichannel Payments Published at Hospitality Technology
In this article from Andy Orrock, he shares why he feels omnichannel payment are important success in the hospitality industry. Click here to…
Don’t Get Spooked By Payments Security
Halloween is just around the corner, which means that costumes, haunted houses, and scary movies will soon be making appearances. But you know what’s even scarier than Halloween? Security breaches that put your business and customers at risk.
Top Three Payments Considerations for Grocers
Fueled by the pandemic, the entire grocery industry is evolving rapidly to offer shoppers faster, easier and safer ways to buy groceries. According to McKinsey, “Powerful trends, including new competitive pressures, technological advances, and evolving consumer attitudes and behaviors, will disrupt the grocery business from coast to coast in the next few years.”
Grocers adapt to changing consumers’ needs by evaluating payments processes and technology to ensure they’re driving a frictionless experience. Whether grocers realize it or not, payments play an essential role in all parts of the shopper’s journey. As they keep up with the rapid evolution, grocers should consider three ways to enhance their payments system.
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.
Sumit Varshney shares Insights on Avoiding Data Breaches via PaymentsJournal
In this article contributed to PaymentsJournal, Sumit shares ways for merchants to reduce the impact of data breaches on customer data. Click here…