Payment Processing Trends: What Every Operator Should Know

Fast Casual:

While there are many trends in the credit and debit card industry, security is the trend that most restaurants should put at the top of their list. Security goes beyond locking the front door at closing time. Restaurant operators also must secure the sensitive information their customers provide when paying for their services.

Identity theft and credit card fraud are chief concerns for consumers and the credit card industry, and should have great significance to the restaurant operator. Card and identity thieves are becoming increasingly more capable.

In 2009, there was a considerable increase in businesses affected by security breaches in the hospitality and restaurant industry. In response to the growing threat, major credit card brands like Visa and MasterCard have continued to increase the scope and rigor of consumer protection standards. Continue reading.

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