For retailers, there is a dramatic shift happening when it comes the way consumers pay. The traditional methods of cash, credit and check are still used, but solutions like e-commerce, mobility, bitcoin and digital transfers could soon be happening at a cash register near you.
A recent article from Retail Info Systems News attempts to make predictions as to what the hot trends in the payment industry for 2014 will be. Trying to forecast any industry is hard, but the way retailers have shifted their thinking makes it easier to see what could be coming over the horizon.
Lisa Falzone, the CEO of Revel Systems, was interviewed in the report.
"This year the retail industry will see major shifts take place, whether it is the convergence of online e-commerce with brick-and-mortar retailer, the rise of digital currency like PayPal and Bitcoin at the checkout, or the integration of wearable data to help consumers make smarter choices at the checkout," Falzone said. "We are at the forefront of breakthrough technologies and believe the industry is headed towards a more integrated and user-friendly approach to retail."
Other trends that will be playing a role in 2014 include "smart" customer relationship management technologies, social capital influencing pricing at brick-and-mortar, order-ahead features and gamification.
With the help of a retail solution provider that specializes in the latest payment technology, businesses can rest assured they are able to handle any kind of future that consumers are going to bring into the retail world.