11/02/2012

Payment: will Smartphones kill big POS?

We call them “swipers,” although some show the label “Chip&Pin”. Their security has stirred debates and some changes for the better: they are now PCI-DSS and PCI-PTS compliant. These “light” card readers
associated with current smartphones are spoiling the party. They are not just opening up new markets but they are actively taking part in the renewal of the traditional payment culture, by directly threatening the
status of the classic POS.

Mobiles, mobiles, always mobiles… It has become rather commonplace to describe the device as the Swiss-Army knife of the digital era. It’s much more than that, thanks to the explosion of applications and physical “prostheses”: flash memory sticks, stickers, cradles, miscellaneous cases and now mini-card readers that can be plugged into the serial port, the audio jack or connected via Bluetooth – which is providing the stellar base (a future black hole?) of an unprecedented force field, paving the way for convergence between technologies and uses and imposing new rules that are undermining established models.

Download the complete article: Payment will Smartphones kill big POS

Yvon Avenel, Smart Cards Trends (July 2012)

Nov 2, 2012 3:23:49 PM | Market & Trends

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