2018 Credit Card Processing Trends: Pay by Sound
Continued advancements in technology are making possibilities seemingly endless in our everyday lives – including payment processing. Consumers have been quick to see and enjoy the benefits of the power of sound when interacting with machines. Smartphones and home-based devices like Amazon’s Echo have enhanced the experiences of shopping, games and research through sound. It should come as no surprise that these sound solutions are now creeping into the world of payment processing.
The Advantages of Pay by Sound
It has taken years of trial and error, but inventors have finally discovered how to use sound waves to safely communicate sensitive customer data. Essentially, sound wave based payment technology widens the scope of digital payment methods by simplifying the transactions possible between devices. The biggest advantage of this technology is that it can easily be integrated with POS terminals, mobile wallets and banking apps without the need for additional hardware; it works with any phone that has a speaker. Another advantage of this technology is the ability to complete financial transactions in seconds; this obviously greatly enhances the security of the encrypted transaction. This timing mechanism renders criminals unable to record the transaction.
Take Your Business to the Next Level
In addition to increased security and efficiency, this sound waves technology also allows you to take your business’ targeted marketing to the next level. Tracking consumers online and instore behavior is already in place, allowing sellers to create more personalized promotions and offers. With pay by sound, your business can take this a step further. Pay by sound allows businesses to analyze what consumers see and hear on various mediums (obviously, with the consent of the customer on whether they want to receive such offers or promotions).
Where to Secure Safe Payment Processing Solutions
Are you trying to secure affordable payment processing solutions for your small business? It can be hard to keep up with trends in credit card processing. Especially when your small business is considered to be high risk by traditional providers. This is why many merchants have turned to alternative online providers for their processing needs. Before choosing a solution, make sure you spend some time researching your options. Consider seeking information like independent merchant services review via Bestpaymentproviders to help you get started.
Author Bio: Electronic payments expert Taylor Cole is a passionate entrepreneur who enjoys to write, produce music, and travel. Bestpaymentproviders is the UK’s best independent merchant services review company, serving both traditional and high-risk merchants.