In many countries worldwide, including the US, people tend to prefer transactions that are done using credit and debit cards. Cash purchases are gradually becoming obsolete. In the US, cash transactions only make up 10% of the business. Card transactions make up about 40% of the businesses.
Moreover, the use of the EMV standard card is fast gaining currency. Overall, this is considered to be safer than the erstwhile popular swipe and sign cards. A majority of the stores also accept EMV standard cards.
The popularity of online retail, eWallets, and other shifts in the nature of transactions are factors that impact the global merchant services industry. Due to the demand for the new payment options and technological innovation, ISVs and ISOs have increasingly encountered challenges that significantly affect their influence on merchant services and customers.
We, at JJS Global, are tailor-cut to assist you to move with the times. With decades of experience in this business, we can help you counter the challenges associated with moving from the old to the most modern payment methods. Our business enables you to concentrate on your business. That is precisely what we are made for. We specialize in helping other businesses thrive. You can be a beneficiary.