What to Know About Accepting Contactless Payments
| Posted in Bank Blogs
As a business owner, you want to make it easy for your customers to pay. Contactless payments can help. They allow your customers to breeze through checkout by tapping or hovering their debit or credit cards or mobile phones over a contactless-enabled terminal. Contactless payments offer your customers a variety of benefits, including:
- Speed. Customers can pay in seconds.
- Ease. There’s no need to sign a receipt or enter a PIN.
- Security. Contactless payments use EMV or chip card technology, which involves encryption and tokenization to protect payment data.
- Flexibility. Customers can pay with their mobile phone (using digital wallets), smartwatch, or other wireless device.
- Benefits for your business, too.
Your customers aren’t the only ones who will benefit from contactless payments. Your business can take advantage of:
- More efficient checkout. With the speed of contactless payments, you can clear the checkout line faster and potentially increase revenue.
- Enhanced security. The encryption and tokenization used with EMV technology can help reduce the risk of data breaches, which can put your business and customer relationships at risk.
- Improved customer experience. Fast, easy, and flexible checkout can improve customer satisfaction, which is key to generating repeat business.
- Reduced health risks for your employees. With contactless payments, your employees won’t need to handle cards, making it a more sanitary way to accept payments.
Tap into a fast and easy way to accept payments. Talk to your provider about offering contactless payments today.