Customers, businesses respond well to electronic payment systems
October 08, 2013

The benefits of investing in electronic payment systems are two-fold for small and medium-sized businesses. Not only do companies get to tap into additional revenue streams, customers will also enjoy the convenience of making purchases remotely through e-commerce channels or mobile devices.

According to The Wall Street Journal, current economic conditions have caused many businesses in the U.S. to worry about cash flow issues. However, the source said the owners of small and medium-sized enterprises have found investments in mobile credit card processing and other similar services to be particularly beneficial.

Similar developments are happening among Canadian businesses. In fact, a recent report from the bank TD Canada Trust concluded brands have a better chance of attracting new customers by offering electronic payment systems.

"Entrepreneurs who have not yet invested in online and social media capabilities could miss the opportunity to connect with potential customers and grow their business," Dan Demers, vice president of TD Canada Trust, said in a press release. "Many small-business owners have limited time and resources, but an investment in technology could really help take their business to the next level by attracting the online consumer."

Credit card processing services can help small and medium-sized companies take advantage of new consumer trends to create new and reliable sources of income.

Nexus: G-WEBCD2