July 17, 2019

Pay-by-Palm Closer Than You Think

Out of Sweden’s Lund University comes a development that promises to be a game changer in the ever-evolving world of diginomic payment systems. It’s a “pay-by-palm” system being developed and distributed by a biotech startup called Quixter. “Pay with your hand. Paying has never been quicker or more convenient,” Quixter’s homepage announces. Getting started at […]

Contactless Payments: the ‘Holy Grail’ of Cashless Payments?

“Contactless payments” are exploding across England, which could be an indicator of an expanding global trend. According to WorldPay, contactless payments in the UK have skyrocketed 226% since this same time last year. It’s a process known as “Proximity Correlation.” It’s a contactless payment system that Starbucks has been using since 2012. “One in three […]

New Retail POS Forecast Mobile Payments Evolution

According to its Annual POS 2013-2018 Forecast Report for the point-of-sale mobile payments industry, Javelin Strategy & Research predicts “the point of sale (POS) retail market towers above the online market and will continue to do so for years to come.” POS transactions constitute 93% of total U.S. retail dollar volume, the report notes. “But […]

Cashless Biocryptology: Your finger may soon replace your credit card; will come with an added security layer

Rapid City — Futurists have long proclaimed the coming of a cashless society, where dollar bills and plastic cards are replaced by fingerprint and retina scanners smart enough to distinguish a living, breathing account holder from an identity thief. Two shops on the School of Mines and Technology campus are performing one of the world’s […]

“Square” May Be the Ultimate Reach in Diginomic Technology

Jack Dorsey is the mild-mannered super brain behind the “Twitterization” of the world. Now, he’s developed a hi-tech key into the world of diginomics through an all-electronic payment system called “Square,” which has evolved further into a pay system using GPS technology. Once you have established an account, a participating merchant like Starbucks knows when […]

Urban Outfitters Waves Goodbye To Cash Registers

Urban Outfitters CIO Calvin Hollinger has set the bar higher for the future of digitized retail by declaring that the “cash register is now a thing of the past” in all their stores nationwide. “Waving goodbye to cash registers traditionally used in retail stores, the hipster merchandiser will now use the iPad and iPod Touch […]