Payment Systems
How payment systems are changing and what’s in store for the future; from biometric scanning to stores with no checkouts. We look at the changing dynamics of payment systems.
Retail has evolved hugely over the last few years, with technological advancements, consumers shopping habits have changed and therefore retailers have had to alter their stores, websites and marketing campaigns accordingly to keep consumers engaged and interested in their brands and products. We are now on the cusp of another huge change, with time poor consumers hating to waste any of their precious minutes queuing at the tills, retailers have to look to more technological advancements to bring their payment systems up to date.
In a recent study on shopping behaviours, it was found that shoppers do not like to wait in queues, with three out of four shoppers saying this is what they hate most about shopping. Honeywell offers retailers two new tools to
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help combat this issue. The Captuvo SL42 and SL22 are encasements for the Apple iPhone 5 and fifth generation iPodTouch ® mobile digital devices, respectively, turning the consumer devices into selling tools that allow retail workers to look up inventory, scan barcodes and securely process payment, bringing the check out to the shopper so no one has to wait in line.
Utilising Mobile Banking, Image Supplied by ZNAP.
Right: Kalixa Payment Card. 26
“Mobile POS enablers like our Captuvo line are quickly changing the way customers and stores do business, and you will continue to see innovation from Honeywell in this area,” said Peter Fehl, Vice President of Global Marketing for Honeywell Scanning and Mobility. “What sets apart Honeywell devices is our technology with the industry’s best scanning capability, security features and durability.” Mobile and digital payments are at the forefront of new payment systems with more and more consumers utilising mobile banking and alternative payment options. It would
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