Tag Archive | POS

Fraud Detection and Prevention Secures Digital Payments

Fraud Detection and Prevention Secures Digital Payments

The digital payments arena is undergoing rapid change, owing to a combination of factors. Transactions are growing rapidly year-on-year as convenience improves, and regulatory changes help to drive adoption. Meanwhile, the scope of different payment types is increasing.

via Digital Lifescapes

How NFC is Penetrating Retail Point-of-Sale Apps

How NFC is Penetrating Retail Point-of-Sale Apps

According to the latest worldwide market study by Berg Insight, the market for NFC-ready POS terminals continued to show strong momentum in 2017 with annual shipments reaching an estimated 24.7 million units worldwide.

via Digital Lifescapes

U.S. Proximity Mobile Payments will Reach $49.29 Billion

mobile payments market research

eMarketer estimates the value of U.S. proximity mobile payment transactions will total $49.29 billion in 2017 — that’s up 78.1% from last year. Though the growth rate will remain in double digits through the forecast period, it will slow down to 23.9% in 2021.

Source: eMarketer

Digital Payment and Banking Card Market is Evolving

banking fintech market research

All eyes are now firmly fixed on the U.S., China, and India, driven by an expectation that over 56 percent of all EMV cards issued globally in 2017 will be issued into one of these three countries.

Source: Digital Lifescapes

Smart Point of Sale Solutions are Gaining Momentum

mPOS retail market research

ABI Research forecasts the point of sale (POS) hardware market will increase to more than $4.5 billion in 2021, with revenues generated from a combination of traditional POS and mPOS — which employs a smartphone or media tablet as the cash register.

Source: Digital Lifescapes

Retail Point-of-Sale Technology Evolves with NFC and mPOS

contactless payments market research

The market for NFC-ready POS terminals continued to show momentum in 2016 with annual shipments anticipated to reach an estimated 16.1 million units, according to the latest worldwide market study by Berg Insight.

Source: Digital Lifescapes

Contactless POS Transactions to Reach $500 Billion by 2017

contactless POS payment market research

A new market study by Juniper Research has found that the value of contactless POS terminal transactions — conducted in-store via cards, mobile phones and wearables — will approach $500 billion annually by 2017; that’s up from an estimated $321 billion this year.

Source: Digital Lifescapes