According to a State of Retail Payments 2016 study by the National Retail Federation and Forrester research group, 76% of retailers plan to accept Apple Pay, Apple’s mobile payment service, by the end of 2017, compared with 59% for PayPal. Others face an issue, with 53% saying they have no interest in Venmo, 43% not interested in Alipay and 38% with no interest in Pay With Amazon. The study shows that credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016, but retailers are also busy with new data security enhancements such as point to point encryption and tokenization to better protect payment card data. What do you think of this ?
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