Checklist For Choosing a Mobile Payments Solution

Thinking about allowing employees to accept credit cards on mobile devices? For maximum profitability and risk mitigation, use this checklist to evaluate key differences in enterprise mobile solutions.

1. Will it work with my existing credit card processor? (No change to deposits)
2. Is the mobile platform unified with my existing payment acceptance sources, or it is a completely different system for reporting etc.? (Efficiency)
3. In addition to standard encryption, can the mobile card reader be injected with an encryption key that can only be decrypted by a single mobile payment provider? (Device security, risk management)
4. Can I restrict user permissions and payment acceptance capabilties by job function? (PCI Compliance requirement)
5. Is it scalable? (Efficiency)
6. Will the solution help control the cost of accepting credit cards?

For merchants that primarily accept credit cards via phone or fax, this graphic illustrates the potential financial impact of different types of mobile payment solutions.

Christine Speedy. For more information see www.3dmerchant.com