Man thinking and holding credit card in front of him at a reader |Top Payments Enhancements World-Class Merchants Are Adding Now - OLS Payments

Top Payments Enhancements World-Class Merchants Are Adding Now

Merchants are striving to expand their payments enhancements…
Man in suit holding credit card on payment reader to checkout | How OLS Payments Simplified the Payment Settlements Process for a Major Fast Food Chain

Are These Essential Elements Missing From Your Payments Environment?

Payment systems have seen enormous growth in recent years. The…
Illustration of a Credit Card Being Used on a Cell Phone |Expand Your Customer Base With Alternative Payment Solutions-OLS Payments

Alternative Payment Solutions to Expand Your Customer Base

For most merchants, getting paid is intrinsic to the success…
Woman using a tap credit card on a scanner |Why You Need a Future-Ready Payment System | OLS Payments

Why You Need a Future-Ready Payment System

Business environments are continually evolving, whether it’s…
Enabling Greater Payment System Security with a Next-Gen Switch Provider-OLS Payments

Enable Greater Payment System Security with a Next-Gen Switch Provider

Consumers want to feel confident about the security of their…
Why You Should Include Emerging and Alternative Payments In Your Payment System-OLS Payments

Why You Should Include Emerging and Alternative Payments In Your Payment System

Today’s consumers expect merchants to do more, specifically…
Illustration of a hand reaching out of a cell phone at payments icons | How a Payments Orchestration Partner is the Next-Gen Switch Provider-OLS Payments

How a Payments Orchestration Partner is the Next-Gen Switch Provider

Merchant needs are continually evolving, in a constant crunch…
Executive Spotlight - Andy Orrock

OLS Payments Executive Spotlight: Andy Orrock

If you’ve ever had a conversation with Andy Orrock, you most likely walked away having learned something new and fascinating.

For more than 30 years, Andy Orrock has created and been chief operator of innovative enterprise-class payment systems for Fortune 500 retailers. As vice president, software engineering, Andy oversees the strategic direction, development and operation of the payments solutions that OLS Payments provides. He’s been chief architect of several OLS Payments services, holding a patent for a bridge service designed to maximize uptime for retailers.

customer returns a blouse

Improving the Holiday Returns Process With Transaction-Based Payments Tokenization

According to the National Retail Federation (NRF), consumers returned an estimated $428 billion in merchandise to retailers in 2020, approximately 10.6% of total U.S. retail sales in 2020. Following the 2021 holiday season, UPS says it is on track to process more than 60 million return packages between Nov. 14 and Jan. 22 – a 10% over last year. In addition, one in four Americans is expected to make a return.

Looking Ahead: 2022 Predictions for the Payments Industry

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.