covered | November 2021 | Technology

Global Payments and future commerce

How technology is fuelling the future of commerce

The last few years have seen a sudden shift in consumer behaviour. There has been a critical change in how consumers want to transact, including an acceleration from cash to digital forms of payment. In the United Kingdom, 40%* of consumers say they plan to avoid cash for health-related reasons.

At Global Payments, we have seen this trend firsthand. Our customers have been adding complementary services to their omni-channel payments, including no-contact commerce solutions like contactless payment with links and digital wallet acceptance (Apple Pay/Google Pay).

As businesses continue to evolve to meet the needs of their customers in a commerce ecosystem, Global Payments is here to help you succeed. Our solutions not only help ensure an optimal customer experience, but they also help businesses large and small operate more efficiently and drive winning customer loyalty.

* Source: Yahoo News

Key dates to be aware of:

1st October 2021 – CNP (Card Not Present declined transaction guidance):

Mastercard and Visa have recently reinforced their guidance on when you may or may not attempt to resubmit a declined authorisation request. Non-compliance fees may be charged if you don’t follow the guidance.

Download CNP Guidance PDF

15th October 2021 – Contactless increase:

The new contactless limit has increased to £100, from £45. If you rent a terminal from us you don’t need to worry about this change – we’ve made the updates and your terminal will automatically download those as part of the regular maintenance cycle. If you own your terminal or rent from elsewhere, you need to contact your supplier. All card machines in the UK must accept contactless card transactions up to the new limit of £100. This doesn’t affect contactless payments via digital wallets as they continue to offer no limit on transactions.

14th March 2022 – SCA (Strong Customer Authentication) deadline:

UK ramp up began June 2021. Issuers will incrementally decline an increasing level of non SCA compliant transactions in the run up to 14th March.

For further information

Visit Global Payments’ website