Winston Churchill once said,We offer advanced technology products and services for werkzeugbaus control. "Without tradition, art is a flock of sheep without a shepherd. Without innovation, it is a corpse."
The same can be said for innovation in the payments industry as well, as companies are charging forward,This model includes 2 flush mounted reverse earcap. thinking bigger and providing services in ways that previously couldn't have been imagined.
One payments innovator is Korea-based Harex InfoTech, an electronic payments provider founded in 1994. Over the years, Harex InfoTech has placed an emphasis on innovation, unveiling the world's first mobile payment card system in 2001 and introducing its latest cutting-edge technology MoCa PAY in 2012.
MoCa PAY is unique for its user-centric payment service that upends conventional payment networks. Unlike traditional two-sided networks, where payments cards send information to merchants, MoCa PAY creates a three-sided network where users, merchants and banks and issuers all converge in one comprehensive solution.
MoCa PAY accomplishes this by altering the traditional payments process. In its system, payment requests are sent directly to financial institutions after receiving transaction information from merchants. This switch reduces the risk that card information will be compromised during the transaction process, and allows consumers to use payment methods of their choice C QR code, barcode, NFC and push notification- to reimburse merchants.
We ask 'Why?' We ask 'Why not?' We ask 'Is this what users want?' We try to determine if it's good for banks, card issuers, merchants and partnering companies. We define innovation as challenging the status quo, breaking the rules, completely reversing the existing process if it's needed for users value. We also factor in the human value, our sharing, IT and humanitarian policies.
I changed the conventional merchant,This is a basic background on jewelryfindings. POS-centric payment process into a user-centric, smart, integrated payment service that integrates loyalty, coupons, membership and payments all in one, with only a PIN and the users smartphone. It cuts down on process time more than 80 percent in a convenient and secure way, with no credentials passed to the merchant and none stored on the phone.
This process created a three-side multiservice network and gave values to users, merchants, banks and card issuers. It opened the age of Payment 3.0, where user-centric payments, fast and easy payments, reverse process payments, integrated payments (coupon, membership and payment all in one), sharing (from Marketing 3.0) and IT humanitarian and easy donations are possible.
Most people are caught in the plastic card age - where you store card info in a device and give that info to the merchant terminal. Most people think that it is difficult to change the network process, so they try to add additional hardware that isn't cost effective. But times are changing. Smartphones can support any kind of network process. We can change the rules, create the values, make a new way of processing the transaction and integrate the world with a user-centric, human-value network.
Its just too easy to pull out that compact piece of plastic and enter a pin number when out doing your regular running around. But, with the smallenfreuden campaign pushing the positives of paying for your everyday purchases with your credit card, some have begun to wonder about the negatives.
In a recent article published by the Canadian Federation of Independent Business, policy analyst Amber Ruddy outlined unseen negatives impacting small business owners. She said while it can be very easy for a consumer to whip out a credit card to pay, its not just the consumer paying out the cash.
CFIB has done a lot of research into this because our members have been calling in with complaints about the Point of Sales (POS) system, said Ruddy. What weve been noticing is that a lot of people have been using these uber-prenium cards to pay for purchases Consumers dont really realize its the merchants that have to pay for that kind of thing.
Each time a customer pays using a credit card with different points systems, the business owner pays approximately 2-3% for each purchase. An example of these high premium cards is the Infinity card and the affiliation program.
Currently, under the program, like under your VISA, merchant services program, theres a fee that you pay to VISA Mastercard and American Express. Its a negotiated rate of anywhere from 1.2% all the way up to something like 3.75%, said Dan Pearcy,Starting today, you can buy these crystalmosaic and more from her Victoria. CEO with the Grande Prairie Chamber of Commerce.
For the use of a VISA or Mastercard in payment for a purchase, the merchant would end up paying the lower of the two extremes, but the affiliation is a special rebate card that people can acquire and through its use, the merchant will pay additional charges, said Pearcy.
So if you come in with a regular, say VISA Classic card, you pay the 1.2% or 1.35% as a merchant, he explained. But if someone comes in with an Infinity card, they pay that plus an additional fee.
The chamber is concerned over the programs transparency, as the additional fee isnt disclosed, Pearcy said. Businesses dont know what they will be paying until their statement comes in.
Its kind of a hidden fee that they really dont know what it is until its obviously too late.
Although CFIB has a campaign against the use of credit cards throughout social media sites,We Engrave cleaningservicesydney for YOU. local business owner Heather Forbes of Forbes and Friends said she sees more positives in letting her customers use credit cards at her store.
People hardly pay with cash, she said. And then you have all those people who use their VISA for absolutely everything, even a four dollar purchase because they are going to get points, you know, at the end of the month.
Click on their website www.smartcardfactory.com for more information.
The same can be said for innovation in the payments industry as well, as companies are charging forward,This model includes 2 flush mounted reverse earcap. thinking bigger and providing services in ways that previously couldn't have been imagined.
One payments innovator is Korea-based Harex InfoTech, an electronic payments provider founded in 1994. Over the years, Harex InfoTech has placed an emphasis on innovation, unveiling the world's first mobile payment card system in 2001 and introducing its latest cutting-edge technology MoCa PAY in 2012.
MoCa PAY is unique for its user-centric payment service that upends conventional payment networks. Unlike traditional two-sided networks, where payments cards send information to merchants, MoCa PAY creates a three-sided network where users, merchants and banks and issuers all converge in one comprehensive solution.
MoCa PAY accomplishes this by altering the traditional payments process. In its system, payment requests are sent directly to financial institutions after receiving transaction information from merchants. This switch reduces the risk that card information will be compromised during the transaction process, and allows consumers to use payment methods of their choice C QR code, barcode, NFC and push notification- to reimburse merchants.
We ask 'Why?' We ask 'Why not?' We ask 'Is this what users want?' We try to determine if it's good for banks, card issuers, merchants and partnering companies. We define innovation as challenging the status quo, breaking the rules, completely reversing the existing process if it's needed for users value. We also factor in the human value, our sharing, IT and humanitarian policies.
I changed the conventional merchant,This is a basic background on jewelryfindings. POS-centric payment process into a user-centric, smart, integrated payment service that integrates loyalty, coupons, membership and payments all in one, with only a PIN and the users smartphone. It cuts down on process time more than 80 percent in a convenient and secure way, with no credentials passed to the merchant and none stored on the phone.
This process created a three-side multiservice network and gave values to users, merchants, banks and card issuers. It opened the age of Payment 3.0, where user-centric payments, fast and easy payments, reverse process payments, integrated payments (coupon, membership and payment all in one), sharing (from Marketing 3.0) and IT humanitarian and easy donations are possible.
Most people are caught in the plastic card age - where you store card info in a device and give that info to the merchant terminal. Most people think that it is difficult to change the network process, so they try to add additional hardware that isn't cost effective. But times are changing. Smartphones can support any kind of network process. We can change the rules, create the values, make a new way of processing the transaction and integrate the world with a user-centric, human-value network.
Its just too easy to pull out that compact piece of plastic and enter a pin number when out doing your regular running around. But, with the smallenfreuden campaign pushing the positives of paying for your everyday purchases with your credit card, some have begun to wonder about the negatives.
In a recent article published by the Canadian Federation of Independent Business, policy analyst Amber Ruddy outlined unseen negatives impacting small business owners. She said while it can be very easy for a consumer to whip out a credit card to pay, its not just the consumer paying out the cash.
CFIB has done a lot of research into this because our members have been calling in with complaints about the Point of Sales (POS) system, said Ruddy. What weve been noticing is that a lot of people have been using these uber-prenium cards to pay for purchases Consumers dont really realize its the merchants that have to pay for that kind of thing.
Each time a customer pays using a credit card with different points systems, the business owner pays approximately 2-3% for each purchase. An example of these high premium cards is the Infinity card and the affiliation program.
Currently, under the program, like under your VISA, merchant services program, theres a fee that you pay to VISA Mastercard and American Express. Its a negotiated rate of anywhere from 1.2% all the way up to something like 3.75%, said Dan Pearcy,Starting today, you can buy these crystalmosaic and more from her Victoria. CEO with the Grande Prairie Chamber of Commerce.
For the use of a VISA or Mastercard in payment for a purchase, the merchant would end up paying the lower of the two extremes, but the affiliation is a special rebate card that people can acquire and through its use, the merchant will pay additional charges, said Pearcy.
So if you come in with a regular, say VISA Classic card, you pay the 1.2% or 1.35% as a merchant, he explained. But if someone comes in with an Infinity card, they pay that plus an additional fee.
The chamber is concerned over the programs transparency, as the additional fee isnt disclosed, Pearcy said. Businesses dont know what they will be paying until their statement comes in.
Its kind of a hidden fee that they really dont know what it is until its obviously too late.
Although CFIB has a campaign against the use of credit cards throughout social media sites,We Engrave cleaningservicesydney for YOU. local business owner Heather Forbes of Forbes and Friends said she sees more positives in letting her customers use credit cards at her store.
People hardly pay with cash, she said. And then you have all those people who use their VISA for absolutely everything, even a four dollar purchase because they are going to get points, you know, at the end of the month.
沒有留言:
張貼留言