The payments landscape has shifted dramatically this past year. These changes were especially quickened by the pandemic as both merchants and consumers continued to look for alternative ways to safely complete transactions. As Forrester analyst Lily Varon told Payments Dive, “The pandemic accelerated a lot of trends that were catching traction the year prior. […]
For more than 20 years, we’ve worked hard to solve our customers’ challenges and helped them stay at the forefront of emerging payments technology. We understand merchants’ biggest payments challenges and look for solutions that add value to their businesses.
Recently, we shared a blog about how OLS Payments helps businesses add functionality and connectivity to their payments capabilities. Today, we’ll take a look at three other reasons why leading merchants choose OLS Payments as their payments orchestration solution – enhanced security, cost savings and flexibility. These are all key factors that are crucial to the success of a company and can make or break the bottom line.
Since its launch in 1996, OLS Payments has built long-term relationships with top retail, hospitality, healthcare, financial and technology providers globally. Our goal is to help merchants process existing and emerging payments in the simplest, most secure and cost-effective way. As a leading partner for global payments, OLS Payments offers software and services that empower clients to create payment ecosystems of the future. Merchants choose us because they can leverage one of the most powerful omnichannel payments orchestration engines in the industry to increase functionality and simplify payments complexity.
According to Nilson Report, credit card fraud losses reached $28.65 billion worldwide in 2019. On top of that, the U.S. is the most card fraud-prone country in the world, accounting for more than a third of the total global loss alone.
To combat credit card fraud, merchants need a foolproof way to make payments secure and protect cardholder data. They need to ensure that the data is never captured or transmitted within the systems in a human-readable format, no matter the payment method.