Phil Curtis, managing director,
First Data Merchant Solutions says:
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“For UK retailers, the explosion of mobile
payment technologies presents an opportunity.
Small and micro merchants in particular are
likely to benefit, as they will no longer need to rely on cash and
cheque payments from their customers.
However, away from this technology uplift,
there are other payment concerns that retailers will likely
face.
In particular, there is a strong chance that
the proliferation of premium cards, and their associated costs,
could create a rising tide of concern for retailers as the economy
continues to struggle.”
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