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.

The Benefits, Limitations and Considerations of Encryption

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According to Gemalto’s Breach Level Index website, since 2013 more than 14.7 billion records were lost or stolen and only 4% of breaches involved systems where encryption was utilized. Said another way, that equates to 73 records per SECOND in that span.

Switching Things Up at the Retail Point-of-Sale

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OLS COO, Andy Orrock and EVP, Chris Storbeck were featured on the PaymentsJournal podcast published today. Click here to check it out.

OLS: A Switch With a Difference

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OLS was the subject of a whitepaper written by Tim Sloane of The Mercator Advisory Group. The paper does a great job of showcasing the capabilities that retailers, financial institutions and others can leverage with a relationship with OLS.…