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Archive for April, 2015

Goodbye Credit Cards?

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Today I buried my credit card, and you probably should too. Give it a nice eulogy and say “adios amigo, sayonara, goodbye,” because the rest of the world will be doing that soon too. That’s right, the once over-used plastic cards are becoming a thing of the past like bell-bottom jeans and VHS’s. And I’m [...]

Did You Get Your Apple Watch Today?

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When Steve Jobs started Apple, his new twist on technology eventually transformed not only American culture, but the world. And this year, Apple is doing that again with Apple Watch—which was officially scheduled to launch today. However, according to Fox News, “Apple (AAPL) Watch is no longer scheduled to be in Apple stores on Friday, [...]

How Can I Prepare for NFC Technology?

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Near Field Communication (NFC) technology is a way to wirelessly transfer information from compatible devices by simply placing them a few centimeters from each other. This new form of information transfer, popular in Asia and Europe, is quickly picking up in the United States. The benefits of NFC technology are great for the consumer and [...]

Where is the Payment Processing World Heading?

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As technology ever changes, and customers ebb and flow, so does the payment processing industry. Here are three notable trends happening right now. EMV Chip Technology. Six months from now, all credit cards will be EMV-chip activated. This means that payment technology is shifting. Now, instead of swiping a card, transactions will be conducted using [...]

How Does NFC Work?

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Here at PayProTec, we think mobile payments technology has incredible potential for the merchant and consumer. But as sleek as systems like Google Wallet and Apple Pay are, they would be worthless without the underlying technology that makes them tick. Near field communication (NFC) is a technology that allows the wireless sharing of small batches [...]

How Can I stay on Top of Industry Trends?

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Whether you’re a PayProTec professional or a merchant, it’s extremely important to stay on top of payments industry trends. But let’s be honest: Sometimes, the payments industry can seem dense and impenetrable. In part, it’s exactly because of its complicated nature that we need to be sure to keep up to date. If you work [...]

Does Cash Have a Future?

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Ten thousand years ago, people were paying with chickens, land, shells, and whatever other valuable objects they had. The barter and trading system was the original form of currency. Eventually coins were invented, and bartering became less popular—though not extinct. Over the years money has continued to transform, going from gold and silver, to paper, [...]

How EMV Chips Work

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When people say someone has a magnetic personality, it’s generally a compliment. But for credit cards, that’s not the case. Though the U.S. has used magnetic strips on its credit cards until now, new regulations have deemed it time to give American credit cards a more robotic charicture. China, England, Canada, and 127 other countries [...]