Mobile payments changing the world
December 24, 2012
In recent years, businesses have needed to adjust strategies almost constantly to keep up with the rapidly evolving demands of younger consumers. Now, businesses that do not accept credit card payments through a variety of platforms are putting themselves at risk of falling behind the competition and out of the good graces of customers.

Mobile Payments Today recently reported that this year's holiday shopping season revealed just how popular smartphone- and tablet-based purchases are. According to the news provider, mobile commerce rose more dramatically this year than any year before, and this was especially apparent on Small Business Saturday.

The source added that mobile technology is driving the biggest change in payment processing since the inception of the credit card, possible representing a more massive change than the debit card. Finally, Mobile Payments Today cited research from IDC Financial Insights which predicts the mobile  market will reach $1 trillion by 2017.

Small and medium-sized businesses (SMBs) can gain a competitive advantage through the use of integrated payment systems. As this technology will keep all processing strategies organized and efficient, while further improving loyalty program delivery, the customer experience will be greatly improved.
Nexus: G-WEBCD5