I. Introduction In the fast-paced digital world of the twenty-first century, payment processing has become indispensable to daily life. Whether you are purchasing at a grocery store, donating to a charity, or paying for a service online, payment processing is the method by which these transactions are accomplished. Yet, what is payment processing, and why …
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Like all businesses, COVID-19 has affected the payment processing industry. The CDC has recommended to business owners of various industries to minimize handling cash, credit cards, and mobile devices, where possible. These recommendations push society further toward a cashless society as details about COVID-19 and how it’s transmitted and what kind of half-life the virus has remained unclear.