Mobile POS (mPOS) at retail delivers numerous benefits, including line-busting, managing showrooming, stimulating add-on sales and ordering out-of-stock items. Plus, mobile devices equip associates to run customer loyalty programs, manage inventory and change prices—all from the palm of their hand.
“NFC WorldVodafone launches NFC SmartPass in ItalyNFC WorldMobile network operator Vodafone's NFC mobile wallet and SmartPass prepaid payments service is to go live in Italy at the end of April.”
Via Kenneth Carnesi,JD
Fast-forward into our ideal mobile payment future. Standardized contactless terminals stand on every checkout counter, ready to transact securely with any device. However, once mobile wallets cross the adoption hurdle, they can’t be content to rest.
ABC Technology and Games Banking on innovation: Driving mobile payments development ABC Technology and Games Developing this technology, which allows consumers to tap or wave their mobile phone in front of an NFC terminal to make a payment,...
The point of sale (POS) retail market is evolving like never before, as traditional paper-based payments (cash and check) have increasingly lost favor with consumers and merchants and are quickly being replaced by plastic cards and alternative payments. While the growth of e-commerce has devastated many brick-and-mortar merchants, others have thrived and POS shopping still represents the bulk of domestic retail spend (92%). This report evaluates the actual and forecast changes in the retail POS market, tracking payments mix data from 2012 through the forecast year of 2019 and identifying key drivers of market change.
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