Electronic Payments 
Simplicity: Contactless payments don’t require a customer’s signature or PIN. They simply hold their card or device near the payment terminal and the purchase is completed automatically.
Speed: Keep your lines and your customers moving with a no-contact way to pay. Shorter lines mean happier customers and less attrition from those who give up making a purchase when they see a long wait at the register. It’s a win-win!
Spend: Because contactless payments are fast and easy, customers may be more apt to make small, spontaneous purchases if they can pay with a quick wave of their device. Be sure to have items that are easy to buy on impulse readily available around your store and at your POS station. These additional sales add up over time to boost your profits.
Safety: Because there’s no need for a customer to handle a pen nor press the keys on a PIN pad, the chance of cross-contamination from potential viruses or bacteria is greatly minimized. It’s also safer for your staff because they no longer have to take a customer’s card for payment and hand it back. It’s truly a touch-free transaction.
Security: Contactless payments use EMV chip card technology, which is far more secure than outdated magnetic stripe cards that are easy to clone. Adding another layer of security, a customer is required to enter their password to complete a payment using their mobile wallet. What’s more, cardholder information is tokenized with NFC payments, ensuring it can’t be obtained and used for fraudulent purposes. Tokens work by replacing sensitive payment information, like a 16-digit credit card number, with a unique identifier for each transaction, masking any personal data.
About EPI® Services
We’re a cutting-edge financial technology company encompassing point of sale, payment processing, and so much more, including our in-house processing platform, Cygma®.
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