Cloud-based credit card processing software is increasingly looking like the future of retail, allowing business to become more modern and markets more globalized.

The Var Guy reports that Toni Adams, an executive at VMware, says that customers are increasingly clamoring for hybrid cloud computing software. This exciting technology allows consumers more flexibility and choice, because they can decide to utilize the company's off-premise capabilities for data storage or they can manage data on-premise. Clients can even move information back and forth between storage options, with companies responding quickly to their evolving needs. 

In a recent article, Scientific Computing suggests that as the use of cloud-based technology becomes more prevalent and widely used, we will see the democratization of information. Small businesses, as well as individuals, will have access to a wider range of information, data and up-to-date applications and tools. More knowledge will be globally available, which will help to accelerate new discoveries. And the use of the cloud could also extend to security monitoring for fraudulent card payments as well as consumer data-gathering and targeted advertising. 

Scientific Computing makes a strong case for the general use of the cloud.

"The level of autonomy, scalability, automation and flexibility this computing model provides is unprecedented," the article says. "Technological resources are distributed globally, and the information is stored on Internet servers, freeing the user from the traditional dependence of the device, enhancing mobility, accessibility and security, and allowing until recently unthinkable access to next-generation services via payment for consumption, that is, without a substantial prior economic investment."

It seems that consumers recognize the huge potential of this technology, and companies are rushing to respond to the demand. However, the use of hard data storage wont' disappear completely any time soon, as it is more likely for businesses to utilize the hybrid approach suggested by Mr. Adams.