“NFC” Posts

Fitbit Pay and the Rise of Wearable Payment Technology

Fitbit Pay and the Rise of Wearable Payment Technology

If wearable technology is simply a fad, it’s certainly doing a good job of sticking. According to the Kleiner Perkins 2017 study on Internet trends, 25 percent of Americans own a wearable device, and 102 million wearables were shipped globally in 2016. No longer considered a mere toy of the modern age, wearables are increasingly popular and functional. But first, what is wearable tech? By definition, wearable tech (or “wearables” for short) are gadgets that can be worn and offer the wearer a heightened level of connectivity due to smart sensors and built-in web and smartphone connection. Businesses, which…

7 Traits to Look for in a Smart Terminal

7 Traits to Look for in a Smart Terminal

In the wake of the liability shift, Smart Terminals have flooded the U.S. market. With the major selling point being EMV acceptance, many providers benefit as businesses continue to upgrade their equipment. However, a truly “smart” terminal goes above and beyond just accepting EMV. Here are seven attributes that make a Smart Terminal, well, smart. Recognition A Smart Terminal should not only accept EMV but should also recognize when a chip card is swiped. The smartest terminals have the ability to read all the magstripe data, which indicate whether the card supports EMV. The terminal will then reject the…

Meet the Smart Terminal by PayJunction

Meet the Smart Terminal by PayJunction

This is the Smart Terminal by PayJunction. It makes payment processing simpler and more secure than with traditional terminals — and it’s better for the environment too. Let’s take a look at how it works. As an example, Victoria is the office manager at Dr. Smith Dermatology. One of her favorite patients, Oliver, has stopped in to pick up some sunblock and is ready to pay. Victoria enters the amount into her computer and requests payment from Oliver. It shows up on the Smart Terminal, and Oliver is presented with a variety of payment options: a classic credit card,…

5 Reasons Why You Need a Customer-Facing Terminal

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. Without over-complicating the matter with makes and models, we’ll focus simply on the credit card terminal's physical orientation. There are five compelling reasons why you should opt for a customer-facing terminal over a traditional cashier-facing one. The Imminent Rise of Chip…

Why Mobile Payments Should Be a Priority

Why Mobile Payments Should Be a Priority

Now that high-speed mobile connectivity permeates our society, millennial digital natives (and many older "digital immigrants") are seeking ways to leverage its benefits. That's leading them to gradually embrace newer, more seamless and secure modes of payment: from EMV credit cards and e-checks to mobile contactless payments made with smartphones and smartwatches. Mobile payments, or tap-to-pay systems, are especially promising. Although the underlying technology has been around for decades, it’s only recently gained traction as a viable payment method for U.S. consumers. In 2015, Wired predicted an upsurge in mobile payments adoption. Many experts expect the category to…