Back to Blog
Credit Card Processing

5G Wireless Could Change Credit Card Processing Forever

August 5, 2021 • by shall

Moving Beyond 4G

We currently live in the age of 4G, or fourth generation wireless communication. Every ten years or so, the technology goes through a serious speed upgrade and adds a few new capabilities, so while 4G is good enough for now, tech experts are already looking ahead to try and understand what the networks will look like in five or ten years. That includes defining the speed of 5G and figuring out how we can reach those speeds.

The Realities of 5G

5G will rival modern wired connections in terms of speed, and it’ll do so by tapping into the ultra-high frequency band. The reason no one uses it for cell towers is because it’s easy to block: all you need is a large building or a small hill between you and the broadcast tower and you’ll lose the signal.

That’s why tapping into these frequencies will mean placing a large number of small towers all throughout cities and towns. That’s a large cost, but it will make it easy to stream and upload HD video from anywhere. 5G will also have an impact on credit card processing and other online payment methods. 

5G and Payment Processing

Payment processing doesn’t demand the level of bandwidth of streaming video, but the faster turnaround will make wireless processing more appealing than it already is, which is good news for mobile businesses like towing services and food trucks.

On the other hand, the extra towers will create more access points that may be easier for a hacker to locate and compromise. This means it will become even more important than it already is to deal with a processing company or service whose network security you can completely trust.

After all, even if a credit card theft doesn’t directly affect your business accounts, it can impact your reputation. 5G is the next phase in wireless communication, and just like all the earlier generations, it will bring on new benefits you can use and new challenges you’ll have to address.

It’s important to stay ahead of the curve if you want to get the most out of a new technology, so make sure your business partners and service providers are equally up to the task.

Blog Search
Most Read Blog Articles
High Risk Check Processing High Risk Check Processing July 20, 2021
4 Top Square Alternatives for Small Businesses 4 Top Square Alternatives for Small Businesses July 30, 2021
Voice Authorization Basics Voice Authorization Basics July 20, 2021
Reddit Small Business: 4 Subreddits That Are Perfect for SMB Owners to Join Reddit Small Business: 4 Subreddits That Are Perfect for SMB Owners to Join July 21, 2021
How Mobile Card Readers Can Benefit Your Business How Mobile Card Readers Can Benefit Your Business July 20, 2021
Blog Categories
All posts 89
ACH 18
Cash Discount 11
Chargebacks 3
Clover 1
Credit Card Processing 69
Credit Card Reader 7
Educational Resources 8
EFT Payment 14
Featured 3
Funding 4
Interchange-Plus Pricing 2
Other 10
Recurring Payments 1
Security 5

    Step 1/2

    Start Processing Payments Now

    No pushy sales.Transparent, Straightforward Pricing

    Currently accepting payments?
    Yes
    No
    Approximate Monthly Volume
    $50,000 or Less
    $51,000 to $250,000
    $250,000 or More
    How You'll Process Payments
    Online
    In Person
    Over Phone
    Other
    Required Field
    Required Field
    Required Field
    Required Field
    Required Field
    Thank you!

    Your inquiry has been sent

    We will contact you asap!