Transition to a Smart POS Era

Did you know that mechanical Point of sale (POS) systems have been around since at least 1879? Electronic POS systems were introduced in 1973 – which, depending on how old you are, doesn’t seem that long ago! The 1980s ushered in the digital age, which has brought us to an inflection point of exponential growth opportunities thanks to innovations in quantum computing, artificial intelligence, nanotechnology, and neuroscience. These developments promise to deliver more than business growth, they have the potential to yield dramatic leaps in human well-being.

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Should Merchants Care About Cryptocurrency Right Now?

The world of cryptocurrency is constantly changing. From the wild swings in value to imaginative new use cases for the currency, the industry is moving at a faster rate than anyone could imagine. Since Bitcoin has been in existence, it has been used as the standard payment model in ransomware attacks all over the globe, but it has also evolved as an important means to transfer value that many technology companies have helped enable. One of the most recent examples comes from AMC and their announcement that they will start accepting Bitcoin and other cryptocurrencies as a means of payment for movie tickets and concessions by end of 2021.

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QR Code Payments: Should Merchants Accept It? Maybe

In my previous blog post, I discussed the growth of QR codes as a payment method and the different types that are available in the market.

To recap, the first one is a Static QR Code that the merchants display for the consumers to scan and pay. The second one is a Dynamic QR Code – Merchant Displayed – which generates a unique QR code for every transaction for the merchant to display and the consumer to scan and pay. The third one is another Dynamic QR Code format – Consumer Displayed – which generates a unique QR code for every transaction on the consumer’s device for the merchant to scan and accept payment.

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Biometrics for Payments: Are They Secure?

Biometric technology has become routine for the everyday consumer, and experts predict that 1.5 billion mobile users will rely on it for device authentication by 2023. As use of biometrics grows, many merchants are looking into how the technology can be used in the retail environment to bring simplicity and convenience to customer experience.

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