Not so long-ago, companies relied on servers and systems that resided in their own premises. If more capacity was needed a new server would need to be spun up, a task that could take weeks and would then need to be maintained, kept up to date via patches and capable of scaling as the company grew over the following years. This was a complex and costly exercise, one that would frighten the hardiest of IT managers.
Open Banking, the UK’s implementation of Europe’s Second Payment Services Directive (PSD2), has had something of a slow start, with limited adoption, then COVID-19 and Brexit hitting but the principles behind it are solid. Its fundamental changes to how banks handle financial information mean that banks can now share the kind of information that you would see on an account statement with authorised providers – with a client’s permission of course – and add a host of security, scalability and flexibility features that open up the possibility for new revenue streams for merchants.
Recent years have seen the humble payment terminal evolve from a traditional, proprietary embedded operating system, into an open source point of sale (POS) utilising Android. This new paradigm comes with the ambition to accelerate customers’ digital transformation and reshape the traditional “point-of-sale” into a “point-of-interaction”.
The evolution of the next generation of payment terminals has seen the Android operating system emerge as the front runner in the race for innovation. But what are the drivers for this momentum, and why is Android gaining traction?
Hernán Moya, Marketing Director, Iberia for Terminals, Solutions & Services at Worldline, considers four key reasons why Android is making such a significant difference in the world of payment…
Checking your payment terminals for a safe and fast checkout from lockdown.
As efforts to combat the global pandemic continue, merchants, restaurants and service providers, including those who have been closed for a number of months, are preparing for a gradual reopening of the retail and hospitality sectors.
2020 was a great year for electric car adoption in the UK, with plug-in hybrid electric vehicles (PHEVs) and battery electric vehicles (BEVs) accounting for over one in ten cars sold. Like it or not, the electric vehicle (EV) revolution is coming and every watt of power that charges an EV will need to be paid for.