Is payment transformation on the way?
Apple has recently unveiled Apple Pay to great fanfare, which allows customers to pay using their iPhone. A rival payment system is under development called CurrentC, which is being created by a consortium of large retailers. Without placing any bets, it’s clear that there will be significant activity around the “digital wallet,” allowing customers to speed up their payment options. Self-checkouts have been around for years and Kroger is working on some cool technology that could rapidly speed the scanning process.
But, what about avoiding the checkout altogether? With nearly two-thirds of customers now using some sort of smartphone, we are not far away from what might be both a customer and retailer dream — the ability to check out in aisle without ever waiting in a checkout line. Customers get to bypass the wait and retailers can save on their largest single labor expense —the front end.
Read More: http://supermarketnews.com/technology/payment-transformation-way#ixzz3IeePDfUW
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