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Tablets change look and feel of POS In the first six months of 2013,
MasterCard Worldwide processed 3
Despite the lagging interest in accepting mobile payments, many retailers are billion card payments totaling $268
looking to smart mobile devices to support more traditional POS routines, billion. MasterCard also reported that
such as inventory management and card acceptance. Mercator said emerging in 2012, it saw a $7.7 billion shift in
businesses are helping to drive this trend. consumer spending from MasterCard-
branded debit to MasterCard credit
"Entrepreneurs have begun to identify more and more areas where tablet- cards, reversing a four-year trend that
based computers' easy user interface and vast computing power can be used shifted $141 billion in spending from
for solutions that are more effective than traditional technology in use today," credit to debit card products.
the consultancy wrote in a report titled Tablets at Checkout: A True Disruptor.
"Payment acceptance at the point of sale is among the largest of those segments." The National Retail Federation
predicted holiday sales in December
Some acquirers and ISOs say customer interest in tablet solutions is growing, 2013 will top $602 billion, 3.9 percent
but so are the number of solutions and thus, merchant confusion. "We're just over 2012. Retail sales were up nearly
in the early days of harnessing the power available through tablet solutions 24 percent on Thanksgiving Day,
for merchants," said Bob Baldwin, Vice Chairman of Heartland Payment according to MasterCard. In-store
Systems Inc. Payments will be only one component; other must-haves include traffic over the holiday weekend was
marketing, customer service and sophisticated rewards programs. up 27 percent over 2012, the NRF said.
Economic outlook brightens
In its U.S. Economic Indicator's Report
Perhaps the best news to come out of 2013 was that the economy, following four for the second quarter of 2013, the
years of negative and sluggish growth, began showing signs of recovery. Visa Electronic Tranactions Association
Inc. reported processing 58 billion credit, debit and prepaid card transactions said the merchant acquiring sector is
in the 12 months ending September 30, 2013 (the company's fiscal year), faring well. Using a metric developed
representing a 10.3 percent increase over the previous 12 months. in cooperation with The Strawhecker
Group and known as the Gross Value
Profit Index, the ETA report suggested
the value of merchant portfolios has
grown at a 16 percent compound
annual rate since the fourth quarter
of 2010.
More consumers pay with
prepaid debit
At least some of the increase in
Network consumer adoption of prepaid debit
Processing transactions is being driven by
The everywhereProcessingNetwork SM cards. First Annapolis Consulting
expects prepaid programs to generate
POS eProcessing Network $4.6 billion in revenues this year, up
Accounting Enabling Merchant Processing Through from $3.8 billion in 2012.
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Payment Gateway Innovation and Support
Customer Just about every company with an
Data
Manager No matter what type of payment you want interest in payments is looking for
to accept or how you choose to transact,
Bill Pay ways to cash in on prepaid debit,
eProcessing Network is the payment especially the open-loop (network
Smart gateway for you. Our PCI-compliant solutions
Phones branded) reloadable variety. The
& services enable you to process payments
Recurring anywhere, anytime, helping your merchants most prominent of these perhaps
meet the daily demands required to manage is leading acquirer Total System
Tablets their business efectively. ePN is here to Services Inc., which recently acquired
partner with you and help you establish NetSpend Inc., a major provider of
Websites strategies for the success of you and your reloadable prepaid cards through
merchants. online and brick-and-mortar stores.
Inventory At the time of the acquisition, TSYS
(800) 296-4810
In-Store said it anticipated that over the next
Computers eProcessingNetwork.com four years, the market for prepaid
debit will grow more than 20 percent
eProcessing Network Cloud-Enabling Payments Everywhere SM
a year.
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