Despite the ups and downs of the stock market and leading economic indicators, most authorities and experts agree that the economy will recover at some point in the future - however, the timing and pace of the recovery is debatable. (Most recently, Federal Reserve Chairman Ben Bernanke touched off a storm of controversy by indicating that the economy is on its way to recovery.)
Regardless, as a merchant trying to navigate these turbulent waters, you need to look ahead for your business's viability. It never hurts to get ready. To that end - with the help of our customers - we pulled together a list of projects for your payment operations to help you better support a recovered retail environment. The 2010 Project Guide: Staging for Recovery suggests the top 5 initiatives your peers are undertaking.
The list includes expanding your payment acceptance options; dealing with sophisticated fraud threats such as botnets; managing authorizations to increase revenue capture and reduce processing costs; securing your payment operations by eliminating payment data from your environnment; and increasing your scalability by consolidating your systems. The guide includes details on the what technologies to consider, as well as the implementation costs and timing.
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