According to NearFieldCommunicationsWorld.com, VeriFone announced it will include near field communication technology in all its new point-of-sale (POS) terminals.

Merchants who upgrade their POS terminals through VeriFone will automatically be able to process NFC payments, without having to pay for the technology.

"The retail point of sale represents a point of convergence for smartphone-initiated payments, social networking and electronic couponing, but it won't happen if retailers are expected, on faith, to absorb the costs of making it work," said CEO Douglas G Bergeron.

Bergeron highlighted six keys for the success of mobile commerce:

• Deployment and management of complex NFC technologies will require significant ongoing services from the retailer’s payment systems provider.
• Mobile commerce must add value for the consumer.
• Retailers will want a unified point-of-sale.
• Consumers will only embrace mobile commerce if it is being widely accepted.
• Mobile commerce must be integrated with other forms of payment.
• Mobile commerce must be secure.

Last month, VeriFone  got approval for a $485 million merger with Hypercom, the rival POS terminal supplier, and expects to generate $2 billion in revenues per year across the US and Europe.

Related Content

User Comments – Give us your opinion!
Products & Services

Automated Retail - The Valet

http://global.networldalliance.com/new/images/products/6639.png

6639/Automated-Retail-The-Valet

Cisco Digital Signs

http://global.networldalliance.com/new/images/products/2981.png

2981/Cisco-Digital-Signs

Olea Retail Kiosks

http://global.networldalliance.com/new/images/products/5481.png

5481/Olea-Retail-Kiosks

Media Player by ComQi

http://global.networldalliance.com/new/images/products/mediaplayer_100.gif

186/Media-Player-by-ComQi

SoloHealth Station® Kiosk

http://global.networldalliance.com/new/images/products/5687.png

5687/SoloHealth-Station-Kiosk

John Deere Live!

http://global.networldalliance.com/new/images/products/570.png

153/John-Deere-Live

Olea Chicago Kiosk

http://global.networldalliance.com/new/images/products/6301.png

6301/Olea-Chicago-Kiosk

Retail Experience Designer

http://global.networldalliance.com/new/images/products/3778.png

3778/Retail-Experience-Designer

Brand extension

http://global.networldalliance.com/new/images/products/6641.png

6641/Brand-extension

BMW X3 Portable Wireless Kiosk

http://global.networldalliance.com/new/images/products/BMX_x3.gif

150/BMW-X3-Portable-Wireless-Kiosk

Vend and PayPal White Paper
CONNECT 2014 Mobile Innovation Summit
Request Information From Suppliers
Save time looking for suppliers. Complete this form to submit a Request for Information to our entire network of partners.