Mobile payment has a long way to go and look at the power of the POS machine "revolution"

According to foreign media reports, startup startup Poynt released a new terminal device (POS) on Wednesday to provide emerging payment methods, such as chip credit cards, NFC near field communication and QR QR code, that are currently in an endless stream. A unified and versatile solution.

Poynt founder Osama Bedier was responsible for leading the development of Google Wallet and PayPal. It believes that with the increasing popularity of new payment methods, retailers will have to consider the problem of coexistence of multiple payment methods such as traditional magnetic strip credit card, new chip credit card, NFC mobile payment and QR QR code payment. . This will be a rare opportunity for the PoS terminal market. US retailers are expected to have to upgrade their new equipment by October 2015 to support new payment methods. This will lead to an inevitable wave of massive upgrades.

“The vast majority of retailers don’t have the equipment to interact with their smartphones,” Bédier said. “User expectations have emerged, and we can imagine the formation of such a market, but as of now, we have not See the actual action."

Poynt's PoS terminal provides touch screen support, the ability to read barcodes, and a built-in printer. The device runs a custom system based on the Google Android kernel and opens up APIs to make it easier for developers to provide more applications.

The first Poynt terminals are expected to ship in early 2015, starting at $299. Early Poynt terminals will come with three applications that handle general settlement transactions and basic sales analysis.

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