Since the advent of the global pandemic, a number of businesses have started offering methods of contactless payments to the customers. This tends to typically include all types of firms -right from hair salons to gas stations. COF or Card-on-File on credit cards are transactions that serve as the convenient solution for saving ample energy,…
Once used primarily by security and law enforcement agencies, biometrics has currently become a mainstream solution for consumers to authenticate ID and ensure payments. From facial recognition to smartphone fingerprint scanners, most of us are already using biometrics towards unlocking devices and access apps. However, what is biometric payment and how is it used? What…
For all types of businesses, there are specific costs linked with the process of accepting credit cards. A majority of these costs is derived out of interchange fees -heading directly to the banks offering credit cards to the end consumers. You can understand the calculation of these charges with the help of basis points in…