The use of contactless payments is heating up worldwide, and retailers are looking to their mobile point-of-sale (mPOS) providers to help them prepare. Meeting this need can be tricky (for one, contactless-enabled mPOS terminals must meet certain requirements to gain EMVCo 3.0 certification), but solution providers are encouraged by the growing demand from small and medium-sized businesses (SMBs).
In April mPOS Tracker™, PYMNTS charts how mPOS providers are catering to SMBs.
FinTech holding company Crossfin is one such player making a bid to cater to small merchants. It recently invested in SMB-focused Retail Capital, which offers merchants short-term funding options through its mPOS devices. According to Crossfin, the move helps it better provide FinTech solutions to local merchants.
Meanwhile, T-Mobile is also wading deeper into the SMB space with a new mPOS offering. The company claims that its solution removes some of the burdensome fees commonly levied with such offerings. For instance, T-Mobile’s mPOS does not charge merchants for same-day funding or software licensing, though it does charge fees for card processing.
In Canada, Quebec’s restaurateurs are getting particular attention. Moneris Solutions, a payments processing company, recently upped its outreach to the sector by adding a Lightspeed POS solution to its suite of offerings. The POS solution is designed to comply with local sales regulations.
Deep Dive: SMBs Find the Magic Touch with Contactless mPOS
Consumers are increasingly interested in contactless payments, and expect to be catered to even at their neighborhood stores. In response, SMBs are adopting contactless payment-supported mPOS systems that enable customers to check out without sharing their PINS or swiping their cards.
This month’s Deep Dive explores how contactless mPOS solutions are helping SMBs better serve customers and remove risks from their operations.
Get the full scoop in the Tracker.
Even the Girl Scouts are facing pressure to become more payment tech-savvy. With consumers carrying less cash, scouts have less ability to capture sales at their cookie booths in public spaces. The Girl Scouts of Greater Atlanta recently piloted an mPOS solution intended to fix this problem by enabling troops to accept credit card and mobile wallet payments.
In this month’s feature story, PYMNTS caught up with Alantria Harris, senior director of product programs and retail for the organization’s chapter, to discuss how the pilot program drove a 4 percent year-over-year increase in troops’ cookie sales.
Read all about it in the Tracker.
About the Tracker
The monthly mPOS Tracker™, powered by Mobeewave, is the go-to resource for staying up to date on mPOS news and trends. It highlights different stakeholders’ contributions, including the institutions and technologies that come together to make mPOS solutions happen.