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The convenience store's business has never been easy, but the operational pressures hitting c-store operators today are compounding in ways that legacy systems simply weren't built to handle. Shrink margins in core categories. Rising labor costs that make every inefficiency visible. Inventory inaccuracies that quietly drain profitability. Payment complexity that's multiplied as customer expectations around speed and payment method have shifted dramatically.
Within the last month, in a single day, various hospitals run by Prospect Medical Holdings across several states experienced a cyber-attack that's left them in recovery mode for the coming weeks. While much remains unknown, AP News shares, “the incident had all the hallmarks of an extortive ransomware..."
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Should you build, or buy? This is the million-dollar question. There are several maintenance and developmental costs involved in building your own payment gateway from scratch. You’d be paying much less to use an external payment gateway system than you would if you were to create a payment gateway system yourself.
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