Remove Mobile Payments Remove Point-of-Sale (POS) Remove Venmo
article thumbnail

How Adopting Mobile Payments Can Help Your Business Grow in 2024

Stax

Fast forward to now where much has changed, and research anticipates contactless mobile payments to exceed one billion users globally by 2024. Customers can pay with their watch or phone just by tapping it on a card reader, and businesses can host an entire POS system on a mobile phone.

article thumbnail

Serving Mobile P2P Payments To The Gen X Crowd

PYMNTS

Digital banks , for one, are teaming up with technology providers to accelerate settlement times for payments collected at the point-of-sale (POS). The Septem ber Faster Payments Tracker explores new initiatives aimed at better serving SMBs’ payment needs as well as other key developments in the space.

P2P 98
article thumbnail

The Digital Payments Preferences That Cross The Generational Divide

PYMNTS

For members of the millennial or Generation Z cohorts who are comfortable in the app world, payment preferences boil down to choice and control. Payments can have a social component, he said, where divvying up a dinner bill can be done through Venmo or Zelle or other peer-to-peer (P2P) options.

article thumbnail

Decoding QR Codes: Retailers Embrace Simple, Secure Touchless Payments Option

PYMNTS

Businesses of all types are deploying new initiatives to meet this demand, with merchants like CVS Pharmacy rolling out QR-based payment integrations at store locations across the country, and payments providers like Square and PayPal introducing QR codes at their point-of-sale (POS) systems.

article thumbnail

Deep Dive: Contactless Payments And Touch-Free Ordering: How QSRs Are Reopening Their Storefronts

PYMNTS

Such issues are driving the adoption of contactless payments. These payment options include EMV cards — which consumers can tap against point-of-sale (POS) terminals to avoid making direct contact — and mobile wallets such as Apple Pay , Google Pay and Samsung Pay , which consumers can use for both in-store and online payments.

article thumbnail

At The POS Of The Future, Consumers Will Pay With Sound

PYMNTS

In 2013, Silicon Valley startup Clinkle raised $25 million in funding to build the point-of-sale (POS) system of the future using sound, but the company later changed trajectories, creating more of a Venmo-like product primarily aimed at college students. Even Google took a crack at it.

article thumbnail

POSaBIT Rolls Out Mobile POS For Cannabis Merchants

PYMNTS

FinTech firm POSaBIT is hoping to solve the problem of mobile payments for the fast-growing cannabis industry by delivering a unique blockchain-enabled payment processing and point of sale (POS) system. .