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HOW CHIP AND PIN CAN INCREASE YOUR PROFIT

Edan PowerHOW CHIP AND PIN CAN INCREASE YOUR PROFIT

Chipand pin systems are becoming increasingly popular. Since the Oyster card wasfirst recovered in 2003, technological efforts havebeen seen in payment systems to make it easier for users to pay for theirproducts. In 2015, we saw a presentation from Apple Pay that allows users topay directly from a smartphone. It will be easier to pay for your products,which is handy for companies.

Accordingto data from the British Card Association more than 2.5 billion pounds werespent on contactless systems in the first half of 2015. It is a simple andsecure way to pay low value without numerous signatures or PIN codes.Initially, the amount that could be paid for contactless systems was limited to£ 15 due to understandable security issues around the new technology but was more than 30 pounds.

FAST AND EASY

Itis clear that the area is an important growth.

Thenew 30-pound limit will open many more doors for contactless payments, with theability to install at different types of locations. Since the averagesupermarket prices are only 25 pounds and comparable levels in cafés andcinemas, a whole new set of companies will see that the average spending of theircustomers is below the limits and limits. With nearly seventy millioncontactless cards already in circulation, the potential for further growth isobvious.

REDUCED STATES

Withthe average transaction without full contact,it is no surprise that one of the first applications of this technology were inLondon Transport System. Thanks to technology, a large number of people canmove the obstacles much faster than the old ticket system.

Efficientmanagement of this immobile number of people was the great power of thecontactless system and this approach can be used in any other environment whererows are collected quickly. In short, it will enable more customers to completetheir purchases in less time and will ultimately result in happier users.

BEST USE OR SOURCES

Chipand pin can also be used to reduce the number of paper invoices. With a recordin the system, there is no need for printed receipts or exclusive matrices.

Itis also possible to improve staff because fewerstaff will be needed to improve the user experience.

SAFETY PROCESSING

Oneof the biggest concerns about chip and needle technology was the perceivedvulnerability to electronic crime, but it turned out to be an extremely lowlevel of fraud. This is paid for every hundred pounds that have been spent sofar.

Theencryption method or contactless cards are insignificant, with a limit of 30pounds.

POPULARITY

Ofcourse, the biggest factor is the benefit or lack of contact, and the one thatwill generate the largest expansion, simply that the customers love it. We alllike to buy the necessary things with minimal effort; so that we can enter andleave without losing time, we do not enjoy that much.

Thelogo is a clear statement of the intention to be open with the latest methodsto improve customer service. After all, deviating from the competition andoffering what the customer wants is what makes growth possible for the company.www.edanpower.co.ukoffers the best chip and pin card payment.