Over 10 Years in Business Since 2001, Collective Point of Sale Solutions has been Canada’s Choice for payment processing services and secure point of sale solutions. We have served more than 11,000 businesses across Canada and processed more than $1 billion in debit and credit card transactions.
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Report shows credit card, debit card purchases on the rise
by Collective POS
February 14, 2012 - 7:24pm
A recent Global Industry Analysis report - Payment Cards: A Global Outlook - found that credit card and debit card transactions are on the rise around the world, driven largely by innovations that have customers spending more comfortably. In one example, the report cites the proliferation of debit card transactions worldwide, which have risen in popularity because debit cards do not carry the possibility of debt that credit cards do.
The report also notes that newer, EMV chip payment processing solutions are gaining in popularity as well. The chips, which experts say make transaction processing more secure for consumers and merchants alike, have yet to gain full acceptance worldwide, but research indicates that their benefits will soon make integration more widespread.
As the owner of a small to medium sized business , it is important to follow payment processing trends carefully to avoid losing sales by not accepting or accommodating emerging forms of payment. Security is a primary concern for consumers today, and as point of sale solutions continue to evolve to address that need, businesses need to keep up with security software and the latest merchant services as well.
Collective POS can provide small to medium sized businesses with the proper guidance and point of sale solutions. As payment processing methods change, a reliable and experienced merchant services provider with information regarding the latest trends, changes and security practices can help your business keep up with the times.