M-POS: Expanding the Payments Value Chain into New Territories

By January 26, 2015Bitcoin Business
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New Research On Pos Architecture Of The Future That Will Address Network Requirements, Consumer Technology, And Cloud-Based Architectures 

A new research report from Mercator Advisory Group, M-POS: Expanding the Payments Value Chain into New Territories, identifies the new hardware, software architecture that will drive development of the point of sale (POS) over the next decade. The range of factors driving this change includes network regulations demanding new last-inch acceptance devices that will ultimately mitigate security concerns, new technologies in consumer devices that enable new merchandising methods, and new mobile devices that have not just pushed the envelope in lowering device costs but also introduced groundbreaking new features that enable a more productive POS device that operates in a cloud-based architecture. 

The benefits of this new hardware and software paradigm will prove as important as the introduction of the computer chip, said Tim Sloane, VP, Payments Innovation, and author of report. While adoption in larger merchants may take decades due to the complexity of the payments infrastructure, the path to adoption will clarify as network implementations further mitigate security risks. As security risks are addressed merchants, acquirers, and banks will focus their energies on delivering greater value to consumers through the smartphone. 

Highlights of the report include: 

  • An in-depth analysis of mobile-based architecture's primary design benefits to the consumer, the merchant, and the associated payment processor
  • Recommendations for recognizing and avoiding implementations that may limit business model flexibility, restrict application and service options, and thus increase average lifetime cost
  • A review of existing implementations in the field that leverage m-POS architecture today
  • A review of how identity is managed in payments today and how control over identity credentials has become the future battleground within this new architecture and identity management will ultimately replace enrollment as the primary point of consumer control
  • Discussion of technologies and concepts related to M-POS, including Apple iBeacon, Apple iOS, Apple iPad, Apple iPhone, bar codes, Bitcoin, Bluetooth low energy, chip and PIN, cloud computing, check underwriting, digital currencies, EBT cards, EMV, fingerprint recognition, geofencing, gift cards, Google Android Open Source Platform (AOSP), independent software vendors, inventory management, loyalty programs, MCX CurrentC, Microsoft Phone, payroll, PCI compliance, QR codes, recurring payment, Samsung Knox, search by voice, split tender, tokens, Touch ID, virtual cards, voice recognition.

Key Topics Covered: 

Executive Summary 

Introduction 

The Smartphone: The Primary POS Software Design Point 

Driving the Transition from Payments to Commerce 

  • Cardholder and Merchant Security
  • New Security Features: Tokenization and Biometric Identification .
  • New Payment Types
  • New Customer Engagement Tools

The New POS Product Structure 

  • Selecting a Platform
  • Build or Buy: A Software Developer's Dilemma

The Impact of Mobile Platforms on Merchant Acquiring . 

  • The Mobile Platform's Impact on Pricing and Business Models

The Impact of Mobile Platforms on Merchants 

Conclusion 

Appendix: Reviewing the NIST Definition of Cloud Computing 

  • Endnotes
  • For more information about this report

For more information visit http://www.researchandmarkets.com/research/lpthjk/mpos_expanding

SOURCE Research and Markets

New Research On Pos Architecture Of The Future That Will Address Network Requirements, Consumer Technology, And Cloud-Based Architectures 

A new research report from Mercator Advisory Group, M-POS: Expanding the Payments Value Chain into New Territories, identifies the new hardware, software architecture that will drive development of the point of sale (POS) over the next decade. The range of factors driving this change includes network regulations demanding new last-inch acceptance devices that will […]

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