EMV Compliant mobile payments in India and global trends

EMV compliant (Chip and PIN) based mobile solutions are going to dominate card present transaction space worldwide, and there are some global as well as domestic forces pushing things in this direction. Let us we put together some technologies and trends in card present transactions ecosystem. There are two parallel momentum talking place. 

Once is technological momentum

1. Mobile technologies offering convenience with usability and widespread use by new generation

2. Chip and PIN card (EMV), Chip based debit card from Rupay

3. Fraudsters developing advanced technical patters for breaking secure systems.

The other is

1. Global Migration to EMV, specially increase in adoption of EMV in US

2. Drives by RBI and NPCI. RBI has mandated issuance of Chip and PIN based card to card issuers.

3. Big eCommerce merchants allowing COD (cash on delivery) are migrating to mobile based card payment on delivery.

4. Drives by VISA, MasterCard and other payment schemes to mandate Chip and PIN based transactions in future

So let us welcome the change with new mobile based EMV compliant (Version 4.0, level 2) secure solutions, offering more transaction success rate, less number of chargeback’s, increased sales, conveyance & reliability, and finally new challengers and game changing innovators.

Follow Payment Technologies for more updates. Thanks for reading

Choose the payment gateway which increases your sales

So you are running an online business and you accept online payments from your customers, and you will have to integrate with some payment gateway. This blog is about which payment gateway will better suite you, the conclusion upfront is "Choose the payment gateway which increases your sales/revenue". In other terms your payment gateway should be having

• Highest transaction success rate
  
  
• Advanced sales enhancement features like:
• Facebook payments  
• Payment retry option using click to pay button via email
• Mobile payments
• Payment through QR code
• Support for merchant promotional program
  
  
• CRM with sales analytic – find and target potential customers
  
  
• Express checkout
  
  
• PCI DSS compliant
  
  
• Easy integration API’s with proper documentation and integration kit as per merchant's technological needs
  
  
• Payment gateway payment page having look and feel similar to merchant page, so that customer feels at home and safe
  
  
• Fraud and Risk management system – this feature of payment gateway can help merchants be protected from sophisticated frauds and chargeback

Using the right set of tools and technologies’ supporting your online business is need of the hour. If such a payment gateway increases your sales by 5% then this could be a jackpot.

Follow Payment Technologies for more updates. Thanks for reading