RETAIL PAYMENTS rates for merchants . “ We ’ re likely to see a more comprehensive and efficient payment experience as banks embrace flexibility and digitalisation , aligning with the needs of modern consumers ,” he concludes , indicating a strategic transformation in how financial services and retail sectors intersect .
Innovations in Checkout and POS Systems Retailers are not only updating their payment systems but are also innovating and enhancing consumer interaction at the point of sale . Scan-free checkouts and mobile POS systems are pivotal in this regard .
Brad Hyett , CEO at Phos , recently discussed the emerging trend of scanfree shopping technologies , such as SoftPoS , which are transforming the retail experience by simplifying the checkout process .
“ Mobile point-of-sale systems , enabled by NFC technology , allow retail staff to use their existing devices to meet customer needs promptly , eliminating long lines and the search for checkout counters ,” he explains .
He emphasises the dual benefits to both consumers and staff : “ This technology not only enhances the shopping experience for customers but also alleviates the pressure on staff from managing large crowds and maintaining multiple checkout terminals .”
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