Utilizing the best software for credit card processing can be a demanding procedure for new entrants into this area of business, and companies unsure of where to turn can be confused as to which types of systems may be most relevant to their business model and most likely to endure. The options out there are multiple, and one possible approach to card reading known as Radio Frequency Identification, may be appealing. However, it's important that businesses understand what they're getting into.
A LowCards.com piece written by CEO Bill Hardekopf discusses the ins and outs of this system by looking at how it works and what the costs are to users. While the ease of this technology allows cards to be read with a tap instead of a swipe, the convenience could come at a price: namely, system security. This blog has mentioned many times how important it is for businesses of all sizes to make sure their customers' data stays private, and at the moment it appears the system can't offer that guarantee, or so Hardekopf says.
"RFID technology makes it fairly easy for someone with a handheld reader to brush up next to you and steal your card information," he writes. He also mentions that companies have been slow to adopt this new technology, which may make implementation difficult.
While "touch-based" cards could very well be important in the future, it may help to exercise healthy skepticism for now. Until systems like this become more proven, merchants can pick card processing software solutions that are tried and true to perform their essential customer-facing tasks.