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EMV technology has revolutionize card industry and major blow to serial hackers. It help prevents card-present fraud and to give consumers even more convenient and secure ways to pay for their shopping and goods. It is important to have understanding of EMV. What is EMV and how does it works. What is the major reason it will have major impact on your business and how it will secure shoppers payments on your card terminal.
The major reason merchants are not accepting chip cards payments is because they don’t know the value of EMV based method payment modules. Both companies VISA and MasterCard are educating customers about benefits of using EMV-based chip cards. This paradigm is going to take time but it is not going to affect Quick Service of POS Software in Saudi Arabia. This is not only one piece of puzzle in . There are some cases where consumer is aware about benefits of EMV security feature still they see potential risk of data breach. Merchants already knew benefits of using EMV- based cards but they’re hesitant to upgrade due to high fees.
- Data Personalization
- Sales Reporting
- Customer Management
- E-commerce integration
- Analytics of Sales
- Mobile POS
- Inventory Tracking
- Fast Checkout
- Automatic Purchasing of Inventory
- Self-service kiosks
- Mobile Ordering
- Data Security
- Mobile Payments
- POS Integration with e-commerce
- PCI compliance
- Brick-and-mortar stores
- POS software in the cloud
New technologies imply consumers have to adapt new way of securing their payment transaction. Consumers require time to change their payment behavior. It’s all about educating consumers. If they’re familiar with higher-level of security than they can change their generic cards into chip based cards which can be used in POS Software in Saudi Arabia.
People are usually frustrated with poor speed of transaction. The good rule of thumb is with technology is that newer equates to faster and better. This case cannot be relate to chip based cards because more data is being saved in terminal and bring back forth. The best thing about Retail POS Software in Saudi Arabia is that it retains the data of customer for authorization purposes.
It takes toll of time to change consumer behavior. The ultimate goal is making consumer used of chip based card which uses better practices of security of EMV-based card down the road, which is in best interest of consumers and for merchants also.