Having multiple payment systems in an omnichannel ecosystem will translate into operational issues in managing disparate systems and a high cost of payment processing as each provider charges differently.
Attacks on POS systems has been growing over the past few years, with new breaches such as Code Red, SQL, and Slammer moving in, affecting both, small retail shops and large hotel and restaurant chains
Payments are an integral part of shopping. The modes of payments have been enhanced by the introduction of plastic money plummeting the use of paper money. With an array of options available, shopping has become much convenient and exciting.