Customer demands are raising the bar for payment expectations. Merchants need a powerful, flexible solution like a payment orchestration layer that improves the checkout experience for customers by providing access to the latest payments capabilities. A convenient and frictionless purchase journey for customers leads to an increase in conversion rates and more profits for merchants. […]
About Andy Orrock
For more than 30 years, Andy Orrock has created and been chief operator for innovative enterprise-class payment systems for Fortune 500 retailers. As VP of Software Engineering, Andy oversees the strategic direction, development and operation of the processing systems that OLS provides. He’s been chief architect of a number of OLS services holding a patent for a bridge service designed to maximize uptime for retailers. Prior to OLS, Andy held positions at Tosco and S2 Systems.
A Boston native, Andy and his wife have called Dallas home now for more than 30 years. He is a fan of print media and still reads 3 printed versions of newspapers every morning.
Entries by Andy Orrock
It’s hard to believe that another year has already passed. At OLS Payments, we have seen rapid changes and growth in 2021. Businesses looked to prioritize and overcome payments security challenges. We also saw merchants meet consumers’ growing demands for fast and contactless methods as a result of the pandemic.
Fueled by the pandemic, the entire grocery industry is evolving rapidly to offer shoppers faster, easier and safer ways to buy groceries. According to McKinsey, “Powerful trends, including new competitive pressures, technological advances, and evolving consumer attitudes and behaviors, will disrupt the grocery business from coast to coast in the next few years.”
Grocers adapt to changing consumers’ needs by evaluating payments processes and technology to ensure they’re driving a frictionless experience. Whether grocers realize it or not, payments play an essential role in all parts of the shopper’s journey. As they keep up with the rapid evolution, grocers should consider three ways to enhance their payments system.
If you’ve dined out at restaurants or went shopping lately, you may have noticed that more businesses are offering QR code payments. Juniper Research predicts that the use of QR codes for electronic payments will surge over 300% over the next five years.
- What are the New Rules for Stored Payment Credentials?
- Why Payment Environment Security Should be a Primary Consideration for any Solution
- How to Fight New Payment Fraud Trends & Identify Bad Actors
- Simplify Market Expansion with Payment Orchestration
- MAG Mid Year Conference and Tech Forum | February 13-16, 2023
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