When was the last time you paid for something in cash? According to the Federal Reserve, only about one in five transactions are paid for by cash. With the advent of mobile payment apps, cash is no longer king. Some Americans even go so far as to say they believe hard currency will be obsolete at some point in their lifetime. Our society is completely immersed in digital technology.
And now with the ability to make payments seamlessly online, business owners need to be prepared. It’s not only imperative that businesses be able to accept this type of payment, but they also must have the ability to protect their customers. Recently, multiple well-known restaurant chains have fallen victim to cyberattacks, highlighting the critical need for ironclad security protocols.
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Source: Forbes
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