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URGENT Consider the following case and answer question 3 using up to 600 words. Technology is transforming the point of saledefinitely for the better. Todays

URGENT

Consider the following case and answer question 3 using up to 600 words.

Technology is transforming the point of saledefinitely for the better. Todays point of sale (POS) systems are light years removed from cash registers of the past. POS credit card processing is easier than ever, but youll want to become familiar with the latest in whats available before diving in. So lets catch up on whats new. Heres a brief introduction to point of sale credit card processing: A new era for POS credit card processing equipment If you run a physical store location, youll need the right equipment to accept credit cards, debit cards, digital wallets and other forms of payment. Credit card terminals are the most familiar and longest-standing forms of retail payment acceptance. Credit card terminals are easy to use both for your staff and your customers. Yet even these simple credit card terminals are smarter than ever. The majority of credit card terminals issued support secure transactions such as EMV chip card technology. Today, smart credit card terminals include NFC (nearfield communications) technology that accept contactless payments and mobile wallets such as Apple Pay, Google Pay, and Samsung Pay. Credit card terminals can provide a simple and reliable way to accept credit cards at the point of sale. The primary function of a standalone terminal is to accept card payments. For value-added solutions that provide additional benefits beyond processing such as, payroll management, loyalty programs and more, youll want to look to a fully-integrated POS system. A fully-integrated POS system is engineered so you can to operate your business more efficiently, both on the front end and back office. Often sleek and powerful with full-screen graphical interfaces, integrated POS systems are easy to use. At the point of sale, faster checkout frees you and your staff to spend more time attending to the needs of customers. When its time to manage back-office tasks, integrated POS systems offer a wealth of businesses productivity tools including direct reporting, inventory tracking, and employee scheduling features. POS systems are rich in features, but they typically cost a bit more than a standalone terminal. Fully integrated POS systems arent right for every business when starting out. But for those ready to take the plunge, a wide variety of integrated systems are available, often designed specifically for the needs of industries just like yours. Mobile acceptance solutions are the newest entry to the world of POS credit card processing. Mobile acceptance allows you to take payments using just a smartphone and a card reader. Apps and attachments like secure credit card readers make the point of sale wherever you want it to be. Mobile acceptance solutions let you accept credit cards anywhere: a flea market, house call, client visit or letting your staff meet your customers where they are within your store. Mobile payment systems are best known for business on-the-go. Yet the simple act of freeing the point of sale from the register is transforming in-store checkout as well.

Provide a discussion on data management frameworks considering the payment systems. What are the vulnerabilities and security controls for the POS case? Provide at least 4 security controls.

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