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    Articles AI (artificial intelligence)

    Credit Payment Card Market Thriving Worldwide

    By Best Payment Providers


    Friday, July 31st, 2020

    The credit payment-card industry is growing all around the globe. It shows a surprising transition into the Information and Communications Technology (ICT) industry. Let’s go through some more information concerning the topic and see who can help you with a credit payment card.

    Card Payments in the UK

    In Britain, credit- and debit-card payments have been gaining more traction as a payment option. Both credit- and debit-card purchases are foreseen to go on thriving in the UK. E.g., in March 2020, the value of card purchases associated with debit cards made up more than 52 billion British pounds. As for credit-card transactions, they reached 12.89 billion British pounds.

    In 2020, the European Commission is going to introduce a strategy aimed at integrating the retail-payment sector in Europe and reduce becoming less dependent on 3rd-country credit-card companies. MasterCard supports the EU strategy.

    Are you a merchant in the UK interested in secure and cheap credit-card processing services? No need to worry. Just turn to a reputable payment-processor comparison expert like BestPaymentProviders.co.uk to get the best help with a credit payment card.

    Best Payment Providers UK is a respectable comparison specialist in the country that pays special attention to terms, complaints, and integration requirements of processors. BestPaymentProviders.co.uk is particular about contracts, rates, and fees so you can find the best deal for your business.

    Also, Best Payment Providers UK goes through each and every detail so you can be sure to avoid unnecessary costs, unclear terminology, and dishonest sales tactics.

    Contactless-Payment Growth in the UK

    According to Jason Lane, group executive of MasterCard’s Market Development for Europe, they’ve witnessed an increase in contactless payments in the retail sector, and such growth will continue after the shops in Europe open.

    What’s more, there’s been an increase in the limits for payments with no pin requirements, thus reaching 45 pounds in the UK and €50 in Belgium. Such growth comes as a result of technological developments and innovative solutions in the field.

    Here, security and safety play a special role, and Lane ensures they’ll guarantee both through AI (artificial intelligence) and cybersecurity.

    So, the market of credit payment cards is growing all over the world. It’s rapidly transitioning into the ICT industry.

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    • Topics discussed in this article:

    • AI (artificial intelligence)
    • Ciberfraud
    • Cibersecurity
    • contactless payments
    • Credit and Debit Payments
    • Credit Card Fraud Prevention
    • Merchant Account
    • Merchant Services
    • UK Card Payments

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