Contactless Payment (Look, No Hands!)

Contactless Payment (Look, No Hands!)

Bring on the flying cars and space food, the longer term is here now… Contactless payment together with your debit card will probably affect the way we pay, in very technological advancement to succeed in an element with (or exceed) the convenience of online retail.

Debit cards are becoming four times as popular as charge cards since 1999, and secure electronic payment such as PayPal, Verified by Visa as well as the other array of channels online are getting to be second nature to us. E-commerce (and very soon, m-commerce) is overtaking traditional retail as the way of choice for researching and getting goods, because of its ease and convenience. Regular, real-life stores, therefore, are reassessing their CRM (Customer Relationship Management) ways to compete. Multi-channel integration is now essential in retail, and stores can also be trying to technology to improve the usability with their interactions waiting for you, by way of example:

Loyalty schemes Touch screens for stock checking, product information or reserving items Self-service tills

Perhaps it is a sad sign that people are leaving nearly every human exchange whilst shopping, but entirely electronic payment is starting to become popular – self-service tills can be bought in most supermarkets, meaning you don’t theoretically require services of the staff member at any point with your transaction.

As well as making our shopping experience smoother, technology is speeding up the best way we pay. Cash is, apparently, a bit pass. Small change is annoying for customers to hold around, and equally irritating for the people inside the queue behind anyone counting out their pennies at the till. Cash ironically costs retailers money and time to process too, and paying by card is massively for the increase. The only problem area is investing in a small amount along with your debit …

» Read more