The payment industry has undergone some major changes over the last few years, but there are still many merchants that are wary of upgrading their payment solutions and there are a few reasons for this hesitation.
A recent article from Street Fight Magazine examined the payment landscape. The boom in technological innovation has been driven by the need to bridge the gap between retailers' online and offline services. However, the achievement of this goal depends on improvement in point of sale systems.
"Many of these services still revolve around a black hole of sorts — the point of sale," the article reads. "Much of the automation and efficiency that technology has brought to ecommerce is still out of reach for the local market because the sellers remain largely offline." … more