A new research report from Mercator Advisory Group,
M-POS: Expanding the Payments Value Chain into New Territories, identifies the new hardware, software architecture that will drive development of the point of sale (POS) over the next decade. The range of factors driving this change includes network regulations demanding new last-inch acceptance devices that will ultimately mitigate security concerns, new technologies in consumer devices that enable new merchandising methods, and new mobile devices that have not just pushed the envelope in lowering device costs but also introduced groundbreaking new features that enable a more productive POS device that operates in a cloud-based architecture.
“The benefits of this new hardware and software paradigm will prove as important as the introduction of the computer chip,” said
Tim Sloane, VP, Payments Innovation, and author of report. “While adoption in larger merchants may take decades due to the complexity of the payments infrastructure, the path to adoption will clarify as network implementations further mitigate security risks. As security risks are addressed merchants, acquirers, and banks will focus their energies on delivering greater value to consumers through the smartphone.”
This report is 30 pages long and contains 8 exhibits.
Companies mentioned in this report include: Amazon, American Express, Apple, Apriva, Bank of America, Clover, Discover, Estimote, First Data, Google, MasterCard, Microsoft, NCR, PayPal, Samsung, ShopKeep, Softcard, Square, Starbucks, TSYS, Vantiv, Visa, and World Pay.