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Top Three Payments Considerations for Grocers

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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.

pay with cryptocurrency

Flexa Partnership Enables Seamless Digital Currency Acceptance

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According to a study from PYMNTS, crypto ownership has been on the rise, up 63% year over year. The study also found that more than half of current or former crypto owners made at least one purchase with digital currency last year. Meanwhile, 59% of consumers who have never owned crypto are interested in making a purchase with it in the future.
Paying via QR Code

Top Payments Industry Trends of 2021, So Far

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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…
Secure Cardholder Data

Why Leading Merchants Choose OLS Payments: Enhanced Security, Cost Savings and Flexibility

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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.

Woman at the grocery checkout

Why Leading Merchants Choose OLS Payments: Increased Functionality and Simplified Connectivity

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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.
Online Ordering requires special settlement

What Restaurants Need to Know About Online Order Settlement

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In today’s on-demand world, consumers want to easily order food with just a few taps, whether on a restaurant’s own platform or from a third-party ordering and delivery service.

The Importance of Vaulting and Tokenization for Omnichannel Retailers

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When the pandemic hit last year, retailers who previously relied on physical stores looked to reevaluate their digital strategies. Services like curbside pickup, home delivery and buy online, pick up in store (BOPIS) exploded. In fact, the…

What to Consider When Implementing QR Code Payments

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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.
credit card tokenization

Payments Tokenization Explained: How It Works and Key Benefits for Merchants

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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.

Common Issues Merchants are Facing and How OLS Payments Can Help

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In recent conversations with merchants they are often dealing with one or more of the following situations. A provider that either cannot provide something they need, their timeline to deploy it is lengthy, the solution is very expensive, or the solution would lock the retailer into the relationship with the provider.