Issue link: https://www.ascpskindeepdigital.com/i/1263242
find your dream career! ascpskincare.com/career-toolkits 75 While contactless payments have not been as popular in the United States as in other parts of the world, they are becoming more common— and more significant—as we all seek ways to limit the number of surfaces we touch outside the home. info is collected and transmitted from your POS terminal to your client's payment processor in an encrypted form. Mobile wallets make it easier and faster to pay, and they are also considered to be more secure. ARE CONTACTLESS PAYMENTS SECURE? Contactless payments work by using a unique, one-time token sent from your client's smart card or mobile wallet to your payment terminal for each transaction using the same technology as inserting a smart chip into a card reader (but the process is much faster!). The token does not contain any client credit/debit card details and can only be used one time, so the token prohibits hackers from gaining client payment information. For added protection, most mobile wallets have an additional layer of defense in the form of a PIN, password, or fingerprint your client will enter on their device before their payment can be processed. WHAT TO CONSIDER WHEN CHOOSING CONTACTLESS OPTIONS When deciding on contactless payment options, consider the features most important to you for your business. Also, find a contactless app or system you are comfortable with. This will make your transition to no-touch transactions less stressful. To get started, consider all the available POS system (software and hardware) options. There are many out there, so you will be able to mix and match options to suit the needs of your business. Software There are many types of POS software—and levels of pricing—to consider when choosing which contactless payment system works best for your business. You'll want to consider up-front charges, pre-purchase configuration costs (for your specific business), and monthly user fees. These expenses will vary significantly depending on your needs. Mobile POS software. One of the most common kinds of POS software is mobile software, which is optimized for display on cell phones and tablets. Although most apps are easy to use, many lack features like human resource and accounting applications to help run your business. Mobile POS software is generally best suited for small businesses, though, and should cost less than using terminal POS software. Terminal POS software. This software is designed for larger businesses that conduct transactions across multiple POS systems or in several locations. This software also has more bells and whistles than mobile POS software, such as human resource features, inventory tracking, and accounting abilities. You'll find the terminal POS system to be useful for much more than contactless payments. Hardware POS software needs hardware, and your hardware needs will vary just as much as your software requirements. Smartphones and tablets. It is common for smaller businesses to run their POS systems on a tablet or smartphone. These card-reading devices are easy to attach to your device, come in a variety of price points, and have features that make them ideal for small business owners.