The Future of Retail Payment

I completely agree with this article.  The future of payments will be a seamless interaction with the customer.  The old point of sale will disappear from many retail stores (though shrinkage interests will ensure some of the old methods).

Mobile & digital in all of its forms will provide new ways.

Read on:

http://www.digitaltransactions.net/news/story/Payments-Execs-Already-Foresee-the-Store-Checkout-Yielding-to-_Uberesque-Approach_

Here is a snippet from the piece:

While mobile wallets, near-field communication, and EMV have focused all eyes in the payments industry on the physical point of sale, some mobile-payments executives are starting to prepare for what they see as the fading away of the traditional checkout counter.

Technology already exists that allows customers to order ahead and pay, to order while standing in the aisle in front of the merchandise, and to pay for services like car rides without an actual checkout. Now some see these processes ultimately rendering in-store checkouts obsolete.

Happy Reading,

J.W. Gant