The Mobile POS: Hype to Reality study revealed that the increasingly popular use of tablets and other mobile devices has led 28% of North American retailers to decide to adopt Mobile POS in some form by the end of this year.
Despite this, 33% of those questioned do not plan to adopt Mobile POS at all within the next 3 years, which suggests that retailers are being realistic about their capabilities.
Greg Buzek, president of IHL Group, commented: “Mobile POS continues to receive a lot of hype, and some specific announcements have received a lot of press.
“But the vast majority of retailers are taking a slow and methodical approach to the use of mobile for POS. There are key operational issues in device and merchandise security, cash handling, payments, bags, customer service levels and traffic flow that must be worked through, or the use of the devices will be disruptive in a negative way for retailers.”
Just under three quarters (71%) of European banks and retailers are planning to boost their spending on payment tech within the next two years amid mounting pressure in the market and demand for faster, more secure payments tech from customers.
Wirecard's EVP Global Product Strategy, Christian Von Hammel-Bonten. One of the key things we heard at this year's Money20/20 is that the Home will be the next big hub of commerce and Wirecard's Christian Von Hammel-Bonten explains why.
From the giant of Asia, Alipay, looking to the West for newer and bigger opportunities to a live demonstration of a cardless ATM, here are the five things we noticed on the second day of Money20/20 Copenhagen.
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