--- title: "Payment Processing Solution Trends: 4 To Know" description: Learn about four compelling trends among payment processing solutions and how you can optimize yours. image: https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/payment-processing-solutions.svg --- [tel:1-800-601-0230](tel:1-800-601-0230) 800-601-0230 - Features - Solutions - Developers - [Pricing](https://www.payjunction.com/payments/pricing.html) - Resources [See a Demo](https://www2.payjunction.com/tour-payjunction) Features - EXPLORE PRODUCTS [No-code Payments Integration®](https://www.payjunction.com/payments/no-code-payments-integration.html) [ZeroTouch Terminal](https://www.payjunction.com/payments/smart-terminal.html) [Portable Terminal](https://www.payjunction.com/payments/portable-credit-card-reader-terminal.html) - ACCEPT PAYMENTS [Invoices](https://www.payjunction.com/payments/electronic-invoices.html) [ACH Electronic Checks](https://www.payjunction.com/payments/ach-payments.html) [SmartSurcharge®](https://www.payjunction.com/payments/smart-surcharge.html) [Cards on File](https://www.payjunction.com/payments/store-credit-card-info.html) [Rapid Refunds](https://www.payjunction.com/payments/credit-card-refund.html) [Recurring Billing](https://www.payjunction.com/payments/recurring-payments.html) [Ecommerce](https://www.payjunction.com/payments/ecommerce-merchant-services.html) [Mobile App](https://itunes.apple.com/us/app/payjunction/id1324839420?ls=1&mt=8) - EXPLORE CAPABILITIES [Overview](https://www.payjunction.com/payments/payment-processing-solutions.html) [Integration Marketplace](https://integrations.payjunction.com/) [Remote Signature](https://www.payjunction.com/payments/signature-capture.html) [Multi-Location](https://www.payjunction.com/payments/enterprise-payments.html) [Sales Reports](https://www.payjunction.com/payments/sales-reports.html) [Search and Export](https://www.payjunction.com/payments/transaction-history-search.html) [Customization](https://www.payjunction.com/payments/custom-payment-software.html) Solutions - [Veterinary Streamline payment workflows and get paid faster with up-front deposits and payment schedules for high-cost procedures. 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Get automated reports for simplified end-of-day close and save on processing fees.](https://www2.payjunction.com/automotive-merchant-services) Developers - [API Documentation See how to embed omnichannel payment features into your software, using your choice of our intuitive integration methods.](https://developer.payjunction.com/) - [Developer Experience Explore the developer journey and learn how our full-service partnership model helps you maximize merchant payment adoption rates.](https://www.payjunction.com/payments/payment-api.html) - [No-code Payments Integration® Rapidly integrate payment acceptance features into any SaaS application in minutes using our easy-to-use Chrome browser extension.](https://www.payjunction.com/payments/no-code-payments-integration.html) - [Integration Marketplace Check out our growing marketplace of integrated solution partners that streamline payment acceptance and help businesses automate and scale.](https://integrations.payjunction.com/) [Pricing](https://www.payjunction.com/payments/pricing.html) Resources - [About Us Learn how our people-first culture at PayJunction helps us earn widespread recognition and awards.](https://www.payjunction.com/payments/about.html) - [Careers Join us in our pursuit to deliver exceptional experiences to customers and partners.](https://www2.payjunction.com/careers) - [Support Get helpful information about how to use features, troubleshoot problems and contact us.](https://support.payjunction.com/) - [Blog Gain useful insights into payment industry trends and PayJunction solutions.](https://blog.payjunction.com/) - [Guides Up your payment processing knowledge with our in-depth eBooks and White Papers.](https://guides.payjunction.com/) - [Tutorials Read articles and watch videos about how to use valuable features on the PayJunction platform.](https://blog.payjunction.com/topic/pj-university) # Payment Processing Solution Trends: 4 To Know ![Payment Processing Solution Trends: 4 To Know](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/payment-processing-solutions.svg) [![Picture of PayJunction Team](https://blog.payjunction.com/hs-fs/hubfs/PayJunction%20Logo%20Cropped%20-%20Vertical%20Grey.png?width=48&height=48&name=PayJunction%20Logo%20Cropped%20-%20Vertical%20Grey.png) PayJunction Team](https://blog.payjunction.com/author/payjunction-team) 4/9/2019 We’ve come a long way since the day when payment options came down to the simple question of “cash or charge.” Whether your business is brick and mortar or online, there are numerous forces shaping your options for payment processing, from changing consumer preferences to new technologies. Trends for payment processing are evolving, and staying on top of the industry is important for providing secure, convenient customer experiences that also reduce your own business risks. Here are four interesting payment processing solutions to watch that can help you deliver simpler, faster and more seamless payment experiences that align with both the market and consumer expectations. ## Trend No. 1: The End of Signatures The advent and growing proliferation of [EMV chip cards](https://blog.payjunction.com/emv-chip-readers) is leading to the slow death of the signature. Over the last year and a half, major credit card brands such as [MasterCard](https://blog.payjunction.com/mastercard-signature-panel/) and Amex have done away with [signature requirements](https://blog.payjunction.com/process-credit-card-payments-signature/) on magstripe and EMV transactions, and starting in April 2019, MasterCard plans to eliminate the signature panel on the backs of cards altogether. Does this trend mean your business can afford to follow suit and skip asking cardholders for their signatures? You might want to proceed with caution. According to [EMVCo](https://www.emvco.com/about/deployment-statistics/), more than 50 percent of card-present transactions in the U.S. still do not have EMV. In addition, there are still scenarios where a signature is either required or can reduce your risk of costly chargebacks. ## Payment Processing Demo Schedule 15 minutes with a payments expert Get a customized PayJunction product walk-through Understand requirements and pricing Determine your SAVINGS! GET DEMO NOW ## Trend No. 2: Seamless Mobile Payments In the race to provide faster, frictionless transactions, [near-field communication technology (NFC)](https://blog.payjunction.com/mobile-payments-adoption/) might be a game changer. Though the technology was patented back in the early 1980s, mobile and tap-to-pay payment systems are now beginning to explode due to the popularity of mobile phones. According to a report by [Accenture](https://www.accenture.com/t20171012T092426Z__w__/us-en/_acnmedia/PDF-62/Accenture-Driving-the-Future-of-Payments-10-Mega-Trends.pdf#zoom=50), nearly two-thirds of consumers plan to use a mobile wallet by 2020. NFC payment systems store encrypted credit card information on a cardholder’s phone, and simply require the customer to pass their device near a NFC reader and accept the charge. Processing occurs almost instantly and does not cost any more than traditional credit card processing fees. Meanwhile, they are also more secure than magstripe payments and can present a faster and more convenient option that consumers increasingly desire. ## Trend No. 3: Smarter Payment Terminals That Reduce Your Business’s Risk As a business owner, you might find it hard to keep up with varying credit card security requirements yourself – much less ensuring that employees are informed on brand-specific signature rules and other guidelines. But understanding this information, and remembering to apply it to all transactions, is crucial to reducing your risk in the event of a fraud dispute. While traditionally, losses in such instances were passed onto banks, the [EMV liability shift](https://blog.payjunction.com/emv-liability-shift-explained/) makes businesses responsible for any losses. Smart Terminals can reduce the risk of having to remember the guidelines attached to each credit card your business accepts because they are capable of recognizing the card being used and will adapt the transaction requirements based on that brand’s rules. [Virtual Terminals](https://blog.payjunction.com/virtual-terminals-everything-to-know/) can further reduce the risk to businesses by offering a secure way for businesses to keep credit card data on file for future transactions, as well as storing all transaction information digitally (see below), so that records can be more efficiently pulled in the event of a dispute. ## Trend No. 4: Going Paperless Seinfeld fans might remember George Costanza’s infamously bulging, paper-filled wallet. A growing number of Americans – and especially younger Americans – are eschewing paper receipts in favor of virtual options. Offering paperless receipts is especially important if your business targets younger and millennial customers. In a [YouGov Omnibus](https://today.yougov.com/topics/consumer/articles-reports/2018/08/07/americans-prefer-paper-receipts-digital) survey, Americans aged 25 to 34 were twice as likely as those aged 55 and older to prefer electronic receipts. There are several forces driving the [paperless trend](https://blog.payjunction.com/printed-receipts-cost/). From a cardholder point of view, electronic receipts can reduce clutter and improve the ease of record keeping. Environmental concerns are also a major driver. According to [Green America’s Skip the Slip](https://www.greenamerica.org/sites/default/files/2019-01/Skip%20the%20Slip%20-%20Green%20America.pdf) report, paper receipts consume more than three million trees and nine billion gallons of water annually and generate 302 million pounds of solid waste and four billion pounds of carbon dioxide. Paper receipts also pose a health risk to those who handle them – including both customers and cashiers – as an estimated 93 percent are coated in Bisphenol-A (BPA) or Bisphenol-S (BPS). These chemicals are absorbed through the skin almost instantly, and can cause developmental and neurological problems. Retail employees who regularly handle receipts have more than 30 percent more BPA and BPS in their bodies. Printing receipts costs more, too. By the time you add up fees associated with a receipt printer, paper, ink, transportation and storage space for all those receipts, your business could be looking at nearly $900 in startup costs and several hundred per month on storage and paper and ink refills to support paper receipts. Meanwhile, receipts stored in the cloud are secure and won’t fade, rip or crumple the way paper does. ## Meet a system that will keep your business up-to-date with these trends. [![TAKE A TOUR](https://no-cache.hubspot.com/cta/default/635739/71175030-ddec-4dbe-a451-56502e95f7a2.png)](https://cta-redirect.hubspot.com/cta/redirect/635739/71175030-ddec-4dbe-a451-56502e95f7a2) What trends are currently driving the way your processes payments? Which do you see affecting you in the near future? Discuss how payment processing is changing for your business in the comments below. [EMV](https://blog.payjunction.com/topic/emv) [Paperless](https://blog.payjunction.com/topic/paperless) [Business Tips](https://blog.payjunction.com/topic/business-tips) --- ##### [![Accepting Credit Cards: 5 Business Benefits](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/accepting-credit-cards-benefits.svg) Accepting Credit Cards: 5 Business Benefits](https://blog.payjunction.com/accepting-credit-cards-benefits) ##### [![How to Get an Online Merchant Account](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/online-merchant-account.svg) How to Get an Online Merchant Account](https://blog.payjunction.com/online-merchant-account) ###### About Author ![Picture of PayJunction Team](https://blog.payjunction.com/hs-fs/hubfs/PayJunction%20Logo%20Cropped%20-%20Vertical%20Grey.png?width=200&height=200&name=PayJunction%20Logo%20Cropped%20-%20Vertical%20Grey.png) ### PayJunction Team Content written by the PayJunction team encompasses broad business topics including marketing, brick-and-mortar business operations and management. ###### Related Posts ## [![5 Best Practices for POS Credit Card Terminal Security](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/credit-card-terminal.svg) 5 Best Practices for POS Credit Card Terminal Security Maintaining a secure business doesn’t just benefit you; it also benefits the customers who frequent your business and pay for your services. Simply locking your cash drawer isn’t enough if you accept credit card payments.](https://blog.payjunction.com/credit-card-terminal) ## [![How the Way We Take Credit Card Payments Will Change](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/evolution-credit-card-authorization.svg) How the Way We Take Credit Card Payments Will Change We’re all familiar with paper receipts. They’re so ubiquitous that you likely have one in your pocket or in your purse as you read this. For customers, they constitute a proof of purchase in case they want a refund or wish to verify the transaction amount against their credit card statements. For businesses, they provide the only evidence that a credit card payment was authorized, which is why businesses are weighed down by paper receipt copies — sometimes up to seven years’ worth — that are filed, boxed and stored.](https://blog.payjunction.com/evolution-credit-card-authorization) ## [![5 Reasons Why You Need a Customer-Facing Terminal](https://blog.payjunction.com/hubfs/BLOG/FEATURED%20IMAGES/customer-facing-terminal-benefits.svg) 5 Reasons Why You Need a Customer-Facing Terminal If you’re shopping for a new credit card terminal, it’s easy to feel overwhelmed by your options. Make the wrong choice and you could be in the same position in a year’s time. Changes in payment technology and consumer trends are unpredictable, but some credit card terminals are better suited for the future than others.](https://blog.payjunction.com/customer-facing-terminal-benefits) ## Meet a Payment System You’ll Love - ###### FEATURES [No-code Payments Integration®](https://www.payjunction.com/payments/no-code-payments-integration.html) [ZeroTouch Terminal](https://www.payjunction.com/payments/smart-terminal.html) [Portable Terminal](https://www.payjunction.com/payments/portable-credit-card-reader-terminal.html) [Invoices](https://www.payjunction.com/payments/electronic-invoices.html) [ACH](https://www.payjunction.com/payments/ach-payments.html) [SmartSurcharge®](https://www.payjunction.com/payments/smart-surcharge.html) [Cards on File](https://www.payjunction.com/payments/store-credit-card-info.html) [Recurring Billing](https://www.payjunction.com/payments/recurring-payments.html) - [Ecommerce](https://www.payjunction.com/payments/ecommerce-merchant-services.html) [Customization](https://www.payjunction.com/payments/custom-payment-software.html) [Remote Signatures](https://www.payjunction.com/payments/signature-capture.html) [Rapid Refunds](https://www.payjunction.com/payments/credit-card-refund.html) [Multi-Location](https://www.payjunction.com/payments/enterprise-payments.html) [Sales Reports](https://www.payjunction.com/payments/sales-reports.html) [Search and Export](https://www.payjunction.com/payments/transaction-history-search.html) [Mobile App](https://itunes.apple.com/us/app/payjunction/id1324839420?ls=1&mt=8) - ###### BUSINESS SOLUTIONS [Auto Dealers](https://www2.payjunction.com/automotive-merchant-services) [Veterinary](https://www2.payjunction.com/payment-processing-veterinarians) [Dentistry](https://www2.payjunction.com/payment-processing-dentists) - ###### RESOURCES [Product Overview](https://www.payjunction.com/payments/payment-processing-solutions.html) [Integrations](https://integrations.payjunction.com/) [Blog](https://blog.payjunction.com/) [Guides](https://guides.payjunction.com/) [Support](https://support.payjunction.com/) [Service Status](https://status.payjunction.com/) [Tutorials](https://blog.payjunction.com/tag/pj-university/) [API](https://www.payjunction.com/payments/payment-api.html) - [Trust Center](https://trust.payjunction.com/) [Request a Demo](https://www2.payjunction.com/payjunction-demo) [Pricing](https://www.payjunction.com/payments/pricing.html) [About Us](https://www.payjunction.com/payments/about.html) [Careers *HIRING*](https://www2.payjunction.com/careers) [Press](https://media.payjunction.com/) - ###### RESOURCES [Integrations](https://integrations.payjunction.com/) [Guides](https://guides.payjunction.com/) [Tutorials](https://blog.payjunction.com/tag/pj-university/) [API](https://www.payjunction.com/payments/payment-api.html) [Request a Demo](https://www2.payjunction.com/payjunction-demo) [About Us](https://www.payjunction.com/payments/about.html) [Careers *HIRING*](https://www2.payjunction.com/careers) [Press](https://media.payjunction.com/) [Trust Center](https://trust.payjunction.com/) [Service Status](https://status.payjunction.com/) - ###### BUSINESS SOLUTIONS [Auto Dealers](https://www2.payjunction.com/automotive-merchant-services) [Veterinary](https://www2.payjunction.com/payment-processing-veterinarians) [Dentistry](https://www2.payjunction.com/payment-processing-dentists) ##### 800-601-0230 SIGN UP FOR OUR NEWSLETTER  Become a better advocate for your business. 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