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Answer Upon - New Wave of Contactless Payments Speeds Up Profits
Do you have an interest in the daily activities of the stock market? Do you understand or want to understand what makes the stocks of a company rise and fall? Do you have the diligence to continuously improve yourself in one particular field even if you believe you are one of the best at what you do? Do you have the heart to help your clientele reap the most out of a transaction? If your answers to all these questions are yes, then maybe you should try looking into the building a career as a stockbroker.As a stockbroker, you would give advice to your clients according to your expertise and tell them how they can gain the most out of each stock they purchase. It is your analytical skills and your knowledge in the stock market that
Card associations are also gung-ho for contactless payments.
“It takes a village to launch a new technology, at Visa, we have an absolute commitment to assure success of contactless payments,” said Elvira Swanson
IntroductionMulti-Level Marketing (MLM) is a system of marketing that has been around for some time. Also known as Network Marketing, it is a method of distributing products that involves little or no mass advertising. Instead, marketing of the product is spread by word of mouth of its users.Of course, word-of-mouth marketing is around even longer than MLMs, so what makes it different? Unlike traditional word-of-mouth marketing, the users who spread the word for the company, and gets others to buy the products, gets a commission for doing so. The person who spreads the word is called the Sponsor or Upline, while the person whom he sponsors is called his Downline.To make the deal even sweeter, the co
“Merchants don’t need to worry about compatibility with their present systems or security” said, Mohamed Khan, President and Founder of ViVOtech, Santa Clara, Calif.-based developer of contactless software, transaction management systems and readers.
“We have been working closely with processors, card issuers and terminal providers to create an open system using the IS0 14443 standard. It uses secure encryption technology. The contactless card doesn’t leave the customers’ hands therefore it is more secure and there’s no skimming of data,” assured Kahn who sees contactless as a great opportunity for merchants to increase revenue. He envisions contactless payments as a replacement for cash because they are faster, more convenient and cost less due to less shrinkage and less labor involved.
There are two types of contactless readers available: Peripheral Contactless Readers (PCRs) that plug in to existing POS terminals, and Integrated Contactless Readers (ICRs) that replace traditional readers and offer both magnetic-stripe- and contactless-reading capabilities. Merchants can purchase either type of reader. The PCRs usually cost around $150. Some merchant service providers such as Acies, however, are offering deals competitive plans and free readers with terminals.
David Robertson, Publisher of The Nilson Report (Carpinteria, Calif.) estimates that there are 12 million contactless cards currently in circulation in the U.S. He predicts that first contactless successes will be at the brand name retailers and then merchants in the areas where cards are deployed will follow suit when their customers ask to use their contactless cards.
Customers are asking for contactless in the New York Metro area where many cards have been “dropped,” says Oleg Frier CEO and President Acies, Inc, a New York City-headquartered national payment processing and financial services provider. Other areas where there are substantial contactless readers and cards include Atlanta, Philadelphia, Denver, Dallas and Orlando, says Khan.
Studies show the speed and added value of contactless payments because typically when someone does not pay with cash the amount of the transaction increases. Visa trials showed their contactless card transactions were 25% faster than cash. MasterCard PayPass trials showed an increase in transaction amounts and 12 to 18 second reductions in payment times for drive-thru transactions. Aite Group reports that CVS, the drug store chain, has found the average contactless transaction takes 12.5 seconds, versus 26.7 seconds for magnetic-stripe card payments and 33.7 seconds for a cash transaction.
Merchants who have a small time frame to service customers, such as fast food restaurants, coffee houses, movie theatres, drug stores, convenience stores and drive-thrus can benefit greatly from contactless payment methods. McDonald’s, AMC Theatres, CVS, Meijer, Duane Reade, Regal Entertainment, Ritz Camera, Arby’s, Cold Stone Creamery, Eckerd, Carl’s Jr., Good Times Burger, KFC, RaceTrac, Subway, Sonic (Drive-In Restaurants) and Walgreens have installed contactless readers. Convenience stores are gearing up to accept contactless payments. Contactless readers are being installed in 5,300 7-Eleven stores and 350 Sheetz stores. WaWa markets is installing over 2000 readers in its 540 stores co-branded with a credit card and loyalty program.
Card associations are also gung-ho for contactless payments.
“It takes a village to launch a new technology, at Visa, we have an absolute commitment to assure success of contactless payments,” said Elvira Swanson,
Internet Presence - Case Study: Recipe for SuccessLearn how - anyone - can leverage this Case Study to build a visible Internet presence.I'm constantly amazed at the number of business professionals unaware of how straight forward it is to build a visible Internet presence. I recognize there may be business professionals who also don't care about this – whatever there reasons. That's fine.I'm writing this for business professionals who care about how they can leverage some very simple and non-technical concepts in an incremental attempt to impact either themselves or their businesses professionally.In July, I spoke at the San Francisco Chapter meeting of the Marketing Executives Networking Group about leverag
There are two types of contactless readers available: Peripheral Contactless Readers (PCRs) that plug in to existing POS terminals, and Integrated Contactless Readers (ICRs) that replace traditional readers and offer both magnetic-stripe- and contactless-reading capabilities. Merchants can purchase either type of reader. The PCRs usually cost around $150. Some merchant service providers such as Acies, however, are offering deals competitive plans and free readers with terminals.
David Robertson, Publisher of The Nilson Report (Carpinteria, Calif.) estimates that there are 12 million contactless cards currently in circulation in the U.S. He predicts that first contactless successes will be at the brand name retailers and then merchants in the areas where cards are deployed will follow suit when their customers ask to use their contactless cards.
Customers are asking for contactless in the New York Metro area where many cards have been “dropped,” says Oleg Frier CEO and President Acies, Inc, a New York City-headquartered national payment processing and financial services provider. Other areas where there are substantial contactless readers and cards include Atlanta, Philadelphia, Denver, Dallas and Orlando, says Khan.
Studies show the speed and added value of contactless payments because typically when someone does not pay with cash the amount of the transaction increases. Visa trials showed their contactless card transactions were 25% faster than cash. MasterCard PayPass trials showed an increase in transaction amounts and 12 to 18 second reductions in payment times for drive-thru transactions. Aite Group reports that CVS, the drug store chain, has found the average contactless transaction takes 12.5 seconds, versus 26.7 seconds for magnetic-stripe card payments and 33.7 seconds for a cash transaction.
Merchants who have a small time frame to service customers, such as fast food restaurants, coffee houses, movie theatres, drug stores, convenience stores and drive-thrus can benefit greatly from contactless payment methods. McDonald’s, AMC Theatres, CVS, Meijer, Duane Reade, Regal Entertainment, Ritz Camera, Arby’s, Cold Stone Creamery, Eckerd, Carl’s Jr., Good Times Burger, KFC, RaceTrac, Subway, Sonic (Drive-In Restaurants) and Walgreens have installed contactless readers. Convenience stores are gearing up to accept contactless payments. Contactless readers are being installed in 5,300 7-Eleven stores and 350 Sheetz stores. WaWa markets is installing over 2000 readers in its 540 stores co-branded with a credit card and loyalty program.
Card associations are also gung-ho for contactless payments.
“It takes a village to launch a new technology, at Visa, we have an absolute commitment to assure success of contactless payments,” said Elvira Swanson
Everyday, customers and business owners are bombarded with billboards, logos, print and electronic ads from huge corporations. With annual ad budgets that are more than our businesses' SALES in an entire year, our small independent businesses are getting squeezed out of consumers minds (and wallets) more and more each year. But the good news is, there are ways to fight back and “break the chains”:Build that website and perfect your online presence.The Internet is one place where, compared to print and other forms of electronic media, the playing field is relatively level. A website filled with loads of great content will be loved by the search engines like Google and Yahoo!, and because of that, customers that
David Robertson, Publisher of The Nilson Report (Carpinteria, Calif.) estimates that there are 12 million contactless cards currently in circulation in the U.S. He predicts that first contactless successes will be at the brand name retailers and then merchants in the areas where cards are deployed will follow suit when their customers ask to use their contactless cards.
Customers are asking for contactless in the New York Metro area where many cards have been “dropped,” says Oleg Frier CEO and President Acies, Inc, a New York City-headquartered national payment processing and financial services provider. Other areas where there are substantial contactless readers and cards include Atlanta, Philadelphia, Denver, Dallas and Orlando, says Khan.
Studies show the speed and added value of contactless payments because typically when someone does not pay with cash the amount of the transaction increases. Visa trials showed their contactless card transactions were 25% faster than cash. MasterCard PayPass trials showed an increase in transaction amounts and 12 to 18 second reductions in payment times for drive-thru transactions. Aite Group reports that CVS, the drug store chain, has found the average contactless transaction takes 12.5 seconds, versus 26.7 seconds for magnetic-stripe card payments and 33.7 seconds for a cash transaction.
Merchants who have a small time frame to service customers, such as fast food restaurants, coffee houses, movie theatres, drug stores, convenience stores and drive-thrus can benefit greatly from contactless payment methods. McDonald’s, AMC Theatres, CVS, Meijer, Duane Reade, Regal Entertainment, Ritz Camera, Arby’s, Cold Stone Creamery, Eckerd, Carl’s Jr., Good Times Burger, KFC, RaceTrac, Subway, Sonic (Drive-In Restaurants) and Walgreens have installed contactless readers. Convenience stores are gearing up to accept contactless payments. Contactless readers are being installed in 5,300 7-Eleven stores and 350 Sheetz stores. WaWa markets is installing over 2000 readers in its 540 stores co-branded with a credit card and loyalty program.
Card associations are also gung-ho for contactless payments.
“It takes a village to launch a new technology, at Visa, we have an absolute commitment to assure success of contactless payments,” said Elvira Swanson
I was recently asked if there was any way to buy a large lot of books that could be resold profitably online and the answer is yes, but be careful, not all sellers of large book lots are reputable and if you buy a large lot unseen, or unresearched on ebay, you may end up with an expensive cord of firewood.In my book I provided the most exhaustive list of wholesale and remainder book distributors that I am aware of in any book on this subject. Since then I have learned of a few more that have even better deals and larger lots of unsorted books. One in particular sells books by the gaylord or truckload. A gaylord is one of those bins, typically metal, that allows for loading on a truck by forklift. You can buy a single gaylord
Studies show the speed and added value of contactless payments because typically when someone does not pay with cash the amount of the transaction increases. Visa trials showed their contactless card transactions were 25% faster than cash. MasterCard PayPass trials showed an increase in transaction amounts and 12 to 18 second reductions in payment times for drive-thru transactions. Aite Group reports that CVS, the drug store chain, has found the average contactless transaction takes 12.5 seconds, versus 26.7 seconds for magnetic-stripe card payments and 33.7 seconds for a cash transaction.
Merchants who have a small time frame to service customers, such as fast food restaurants, coffee houses, movie theatres, drug stores, convenience stores and drive-thrus can benefit greatly from contactless payment methods. McDonald’s, AMC Theatres, CVS, Meijer, Duane Reade, Regal Entertainment, Ritz Camera, Arby’s, Cold Stone Creamery, Eckerd, Carl’s Jr., Good Times Burger, KFC, RaceTrac, Subway, Sonic (Drive-In Restaurants) and Walgreens have installed contactless readers. Convenience stores are gearing up to accept contactless payments. Contactless readers are being installed in 5,300 7-Eleven stores and 350 Sheetz stores. WaWa markets is installing over 2000 readers in its 540 stores co-branded with a credit card and loyalty program.
Card associations are also gung-ho for contactless payments.
“It takes a village to launch a new technology, at Visa, we have an absolute commitment to assure success of contactless payments,” said Elvira Swanson
I have been running a small business for nearly ten years and have used various forms of marketing ideas to help promote my services and to attract new customers. In this article, I write about these marketing strategies which I hope will benefit the people who read it.When I was twenty-three, I had what I believed was a good business idea. I was going to offer a speech coaching service as I had managed to overcome a speech impediment and believed that the techniques which had helped me could help other people as well.It is all well and good having an idea but if no one knows about the service you are offering, it is basically worthless. I had no real business experience and was unsure on how to proceed. By reading a numbe
Card associations are also gung-ho for contactless payments.
“It takes a village to launch a new technology, at Visa, we have an absolute commitment to assure success of contactless payments,” said Elvira Swanson, Visa spokeswoman. Visa, with four million Visa Contactless cards in circulation, offers collateral materials, online demos, and merchant support teams to help educate merchants.
“This is the real thing. Contactless is beyond the ‘chicken and egg’ concept stage now, when you look at how many financial institutions have made the decision to offer contactless and the number of national merchants accepting it,” said T.J. Sharkey, Vice President, Business Development, U.S. Acceptance, MasterCard International. MasterCard is supporting contactless in many ways. Merchants who accept contactless payments are listed at the MasterCard Web site where there are demonstrations on how their Tap N Go, PayPass cards work. Television commercials illustrating their PayPass cards are airing nationally.
Banks issuing contactless cards include Citibank, MBNA, HSBC (debit cards), JP Morgan Chase, Key Bank (debit cards) and Citizen.
There have been several pilot contactless programs in sports stadiums including San Francisco, Seattle, Baltimore, and Philadelphia. Recently, another form factor of contactless has been added into the mix, with the trial of NFC (Near Field Communications) contactless payments from cell phones at the Philips Arena in Atlanta. Season ticket holders with Chase-issued Visa credit accounts and Cingular Wireless accounts can make contactless payments by simply holding their Nokia mobile phones equipped with Philips' NFC semiconductor chips and ViVOtech software near one of the 150 terminals. NFC is compatible with ISO 1443 readers has other features such as the ability to transmit a coupon to a reader.
“Contactless payments are the wave of the future and will change the way the world pays for purchases,” Khan said enthusiastically. ###
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