The world of payment technology is constantly evolving, and if you don’t have the time to keep up with these changes it can be hard to truly say whether or not your business is up to date. With consumers quickly accepting these changes and incorporating new payment technologies into their everyday lives, it’s important that businesses are not only ready for the payment methods of today, but also preparing for the payment methods of tomorrow. Consider some of the following ways to make sure your business is ready for the payments of tomorrow, today.
The number of contactless transactions processed has continued to grow every year since its introduction in the early 2000’s and for good reason! Near field communication (NFC) allows customers to tap their cards, or contactless-enabled devices like smartphones to make a payment. The simplicity and popularity of contactless payments benefit customers and businesses alike, and means accepting contactless payments is a necessity heading into the future.
If your business has a Moneris payment terminal, there’s a good chance that you’re already able to accept contactless transactions, as almost all of our terminals come with NFC enablement! If you’re not sure if this is true for your terminal, or have turned off NFC and want guidance on turning it back on, make sure to reach out to a Moneris customer experience representative.
Digital Currency Conversion
The tourism industry is continuing to grow, and with more foreign visitors to Canada comes more payment transactions on international credit cards. Though most payment terminals and processors are able to process transactions made by international credit cards, there are modern solutions that make this process easier on customers such as Dynamic Currency Conversion (DCC). DCC is a payment solution that allows international cardholders in pay in their preferred currency, right at the payment terminal. The solution supports over 90 international currencies, and helps to give customers piece of mind when making purchases far from home. For business owners, having a solution like DCC integrated for customers makes sure you’re taking care of every customers needs in a simple and easy way.
We’ve said it once, twice, even three times, but we’ll say it again too – an online store is an integral part of any modern business, and one of the most effective ways to make sure your business is future ready. Accepting payments safely through your online store is incredibly important, which is why Moneris offers a number of ecommerce solutions designed to meet the needs of your business today and tomorrow. If you’re not already accepting ecommerce payments, make sure to contact our team to find out more about how you could be.
If you are interested in learning more about advanced payment features and the future of payment processing, check out our articles 3 Ways Credit Card Acceptance Can Change as Your Business Grows and The Potential Future of Payment Technology.