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Where Payment Processing Systems Are Headed In 2020

RTP blog

market for payment systems is complex. Here’s what you can expect in 2020. mPOS Systems Simplifying Sales Wireless credit card machines are nothing new. Now we have completely mobile point-of-sale (mPOS) systems that aren’t tied to a brick-and-mortar location at all. By Scott Paape, Talus Pay The U.S. billion in damages.

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Future Of Cloud-Based POS

Korona

Among other reasons, the rising trends of online shopping, contactless payments, QR code use, click-and-collect, increased software integrations, and a stronger reliance on data are expected to strengthen the cloud POS market through the foreseeable future. The global cloud POS market is expected to reach $9 billion by 2026.

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Lowe’s Employs RFID, Blockchain to Combat Retail Theft

Retail TouchPoints

Organized retail crime has been on the rise since 2020 and costs retailers an average of $700,000 per $1 billion in sales, according to the National Retail Federation. The POS activation is powered by an RFID tag that is embedded in the product by the manufacturer and pre-loaded with each item’s unique serial number.

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Study Forecasts Accelerated Adoption of Digital Wallets and Buy Now, Pay Later

Retail TouchPoints

ecommerce share in 2020, up from 23.7% Digital wallets’ expansion is fastest online, but they’re still growing impressively fast at brick-and-mortar POS. of 2020 North American POS spend, and FIS doesn’t expect that pace to slow down in the coming years. in 2020 due to demand for contactless payment methods.

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Digital Transformation Propels Burton’s Omnichannel Growth Plans

Retail TouchPoints

Ready to grow even further, the company launched a digital transformation to swap out its legacy systems, advance customer knowledge through data and provide a truly omnichannel customer experience. The second prong was replacing foundational systems, such as the company’s legacy enterprise resource planning (ERP) system. “It

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Circle K Parent to Roll Out Self-Checkout Tech to 7,000 Stores

Retail TouchPoints

parent company of the Circle K convenience store chain, will purchase more than 10,000 touchless self-checkout systems, with plans to deploy them in more than 7,000 Circle K and Couche-Tard stores in the U.S., The Mashgin system, branded as “Smart Checkout,” relies on AI-powered technology that can improve customer checkout time up to 400%.

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Critical Winery POS Features for Vineyards, Wine Shops, and Tasting Rooms

Korona

A winery POS system is a valuable piece of technology that can enhance the tasting room experience and build more loyalty among your guests. Therefore, choosing the right POS vendor is important as your Winery POS features should be able to help your winery business thrive. CUSTOMER RELATIONSHIP AND EVENT MANAGEMENT.

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