Payments — currencies, platforms, programs and systems — are ripe for change and thanks to technology, at a tipping point. Interest in blockchain and cryptocurrencies has reached a fever pitch and while much of the hype is just that, there are very real and compelling advancements afoot that promise to bring real change to retail.
And it can't come too soon. New generations, both millennials and Gen Z, are driving this and merchant systems that don't accept mobile wallets could suffer the consequences as spending shifts to those that do. Early movers include Amazon, which is reportedly developing new payment solutions including checking accounts for this, our youngest generation.
In the content below, we take a closer look at the future of payments. So fasten your seatbelt, it's going to be a bumpy ride as retailers and solutions providers embark on this digital journey.
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What does the future of in-store payments look like?
Most major retailers are adopting scan-and-go options, but just walk out technology, facial recognition and personalization are all likely to guide the future of in-store payments. Read More »
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EMV payments in 2018: The state of the update
Less than three years after the EMV liability switch, and many retailers are still on the sidelines but already looking toward the next stage in the evolution of payments. Read More »
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Gen Z is about to kill cash
They love stores, they love experiences, they visit bank branches more often than Baby Boomers. So how likely are younger consumers to pay with their phones? Very, experts say. Is your POS ready? Read More »
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China is paving the way for mobile payments in the US
As Alipay expands in North America, mobile payments players here have a lot to learn, and perhaps something to fear. Read More »
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The future of payments will be fast, frictionless and convenient
AmazonGo may be the impetus, but a host of new technologies are about to change how shoppers pay for goods, writes Manolo Almagro, managing partner at Q Division. Read More »
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Silicon Valley jeweler sees big growth from cryptocurrency
Stephen Silver Fine Jewelry now sees 20% of its sales coming from cryptocurrency payment processing, surpassing credit card purchase volume. Read More »
