The US may be home to some of the largest technology companies in the world, but its payment systems can seem somewhat antiquated for visitors.
NEW YORK: A number of efforts are underway to get businesses across the United States, in sectors such as food and beverage and transport, to adopt digital payment systems., but its payment systems can seem somewhat antiquated for visitors to the country., along with fears that they are vulnerable to hacks.Eateries such as Nan Xiang Xiao Long Bao dim sum restaurant use cloud-based technology to streamline their ordering and processing payments.
Mr Vince Lyu, senior marketing associate at Abacus Business Computer , said: “They think it’s that way, because in the cloud-based the data could be stolen or could be hacked somehow. But somehow that’s a misunderstanding.” The metrocards, which many people see as a relic in a digital age, remain in use and will not be fully phased out until 2024.
“I think everybody would like to have seen it earlier, but it’s coming and it’s coming really fast now.”RISK OF FRAUDUnlike in Asia or Europe, paying with a card in the US generally requires only a signature, despite the keying in of a PIN code being a safer payment method.
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