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Tribe Payments Exposes Costly Gaps in Legacy POS Tech – 1 in 4 Merchants Miss Out on Alternative

Fintech Finance

A new study from Tribe Payments , the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, has revealed that 28% of merchants’ legacy in-person point of sale (POS) systems cannot support alternative payment methods like digital wallets and QR codes.

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Tribe Payments Urges Firms to Embrace SoftPOS as 30% Identify Outdated Paytech as Biggest Challenge

The Fintech Times

Over a quarter (28 per cent) of merchants’ in-person point of sale (POS) systems cannot support alternative payment methods like digital wallets and QR codes, according to a new study by digital payments and infrastructure orchestrator Tribe Payments.

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Which Wallet Solution Matches Your Business Model: eWallet or Digital Wallet?

Finextra

Users can: Store card credentials securely Authenticate with biometrics Make fast, online, and contactless payments Access loyalty points, tickets, or IDs You’re not managing funds. The digital wallet becomes a smart layer on top of the existing infrastructure. You’re managing experiences.

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The Top Payment Methods For Small Businesses

Stax

billion lost to fraud in 2024 alone Mobile and contactless payments Mobile and contactless payments are powered by NFC (Near-field communication) technology. They let buyers initiate payments by placing their mobile phone near a compatible payment terminal.

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The Price of Convenience: Is There Such a Thing as Free Credit Card Processing?

Stax

Payment method diversification: Surcharging incentivizes customers to explore alternative payment methods, such as cash or debit cards, which do not incur high fees. Alternatives to Surcharging: Other Cost-Offset Solutions Surcharging isn’t the only way to reduce the burden of credit card processing fees.

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How To Find the Best Payment Gateway for Your Business in 2025

EBizCharge

Overall, the payment gateway acts as a secure bridge that encrypts sensitive data, such as credit card details, to ensure the transaction is processed safely and efficiently. Choosing a gateway that provides these payments can also increase conversion rates.

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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

In 2019, 77% of US consumers were using at least one type of digital payment system. What has grown more significantly is the number of electronic payments and alternative payment methods consumers now use. Plus, all Stax solutions accept mobile payments, such as Apple Pay, Google Pay, Samsung Pay, etc.