$SMME (OTCQB: SMME): The Corona-19 virus has made
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Posted On: 06/03/2021 8:48:17 AM
$SMME (OTCQB: SMME): The Corona-19 virus has made dramatic changes to the way we work and play. Not surprisingly it has also impacted how we pay.
The old and arguably very insecure PIN number used to verify the identity of a debit card user at the checkout or the need to use a pen for signatures that is used by countless numbers of different people during the day is causing a demand for a better, safer way to authenticate a card user. With the knowledge of users on how transmittal the Corona-19 virus is the aversion by consumers to use the touchpad or signature pen at the supermarket checkout is understandable.
Sales staff do not clean card-reader virus-transmitting touch points after every customer. Touching a pin pad or using the signature pen at a checkout has now become a game of Russian roulette when it comes to safely using your credit or debit card at checkout.
Credit and debit cards still account for more than 95% of instore transactions with consumers showing even a greater aversion to using cash. Cash is now seen as potential virus carrier and is the least preferred choice by consumers. This doesn’t mitigate the aversion consumers have regarding the need to touch card readers that are touched by everyone else going through the same checkout.
The old and arguably very insecure PIN number used to verify the identity of a debit card user at the checkout or the need to use a pen for signatures that is used by countless numbers of different people during the day is causing a demand for a better, safer way to authenticate a card user. With the knowledge of users on how transmittal the Corona-19 virus is the aversion by consumers to use the touchpad or signature pen at the supermarket checkout is understandable.
Sales staff do not clean card-reader virus-transmitting touch points after every customer. Touching a pin pad or using the signature pen at a checkout has now become a game of Russian roulette when it comes to safely using your credit or debit card at checkout.
Credit and debit cards still account for more than 95% of instore transactions with consumers showing even a greater aversion to using cash. Cash is now seen as potential virus carrier and is the least preferred choice by consumers. This doesn’t mitigate the aversion consumers have regarding the need to touch card readers that are touched by everyone else going through the same checkout.
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