Last year, merchants of all types and sizes demonstrated agility and resilience as they dealt with the unforeseen impact of the pandemic. Most business owners quickly pivoted to update operational practices that conformed with health regulations and satisfied a shift in consumer behaviors.
As a result, merchants turned to contactless payments and curbside service to keep themselves, their staff, and their customers safe. And even more importantly, they were able to keep their businesses viable and operating. Contactless & Curbside Are Here to Stay While businesses will experience a surge of in-person interactions as retail opens, many of the new contactless shopping interactions will remain because it’s convenient. According to a study from Visa, nearly 80% of consumers worldwide changed how they pay in order to reduce contact at the point-of-sale. And these new ways to pay are a must for merchants to continue to stay viable. Contactless payments are fast by making processes more streamlined; are secure by protecting vital data collection; and good for the bottom line. Transaction pricing does not vary based on how payment information is captured – swipe, insert, tap, phone or wearables – which means there is no impact to contactless payment acceptance costs. Read Entire Article
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April 2022
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