Blog

Mobile payment processing still lagging in some industries

May 26, 2012

While many industries have begun to see the worth of accepting mobile payment processing services, some are slow to pace.

While many industries have begun to see the worth of accepting mobile payment processing services, some are slow to pace. Many studies have shown the efficacy of accepting a variety of credit card processing forms in boosting revenues and never missing a sale, leading industry after industry to adopt the technology.

According to Travolution, a new survey found that a very low proportion of businesses around the world take advantage of mobile payment processing when sending their employees on company trips.

However, the news provider explains that some service providers are working to incorporate Near-Field Communication into payment processing strategies to improve the efficiency of the industry.

“Our prototype shows how mobile payment solutions can help to optimise travel management processes,” Volker Huber, and industry expert, told the source. “All transactions can be captured in a company account in real time. The travel manager receives all relevant data in one package.”

Many companies are working on evolving technology to improve the efficiency of the payment card industry. For example, MasterCard recently announced it was spearheading a project to improve the deployment of EMV-chip processing in cards in the United States and Europe.

Back To Blog