Global Information Inc. is pleased to announce a new market research report, "The "World Terminal:" Preparing the POS for the Multi-Form Factor Future" by Mercator Advisory Group, Inc..
According to David Fish, Senior Analyst with Mercator Advisory Groups Payments Group, "Payment terminal OEMs should be thinking about their next generation products in such a way that their planning accommodates a more application-centric paradigm, where value-added services can provide true differentiation between offerings."
The merchant services space, particularly in the US, is rethinking its approach to POS hardware as it faces new economic realities, as concerns associated with EMV migration arise, and as the mobile revolution evolves and impacts consumer commerce.
This new report from Mercator Advisory Group examines the range of major global terminal vendors offerings of POS (Point-of-Sale) hardware accepting previously mentioned form factors and highlights selected terminals currently on the market along the following two lines:
- The types of payment methods supported by the terminal such as magstripe, EMV, contactless/NFC, and various target markets on which each vendor is directing their multi-functional terminals.
- The potential range of production costs for these terminals.
"Within this app store model, incubation of future innovations can occur that could support the universal payment acceptance devices [referred] to in this report as the World Terminal. Not only would global support for multinational merchants terminal estates be possible, the flexibility afforded to clients from cloud-based terminal management could more-readily support new and emerging products, updated processing rules, security mandates, and even emerging form factors as they enter the market," says David Fish.
Companies mentioned in this report:
Apple; AT&T; Bank of America; Barclaycard US; Bayometric; Bell ID; Bump Technologies; Cimbal; DeviceFidelity; Discover Financial; ExxonMobil; Federal Reserve; First Data; Heartland Payment Systems; Hypercom; Ingenico; JPMorgan Chase; MasterCard; Motally; Nokia; PayByTouch; PayPal; Shopkick; Square; Tip2Pay; T-Mbile; United Bank Card; United Nations Federal Credit Union; US Bank; VeriFone; Verizon; Visa; ViVotech; Voice Commerce Ltd.; Wal-Mart; Way Systems; Wells Fargo.