PRLog - Jan. 17, 2012 - MAYNARD, Mass. -- Boston, MA --The Point of Sale (POS) terminal industry has entered a period of dramatic change and development. Terminals have been steadily moving to a digital format, with electronic signature capture and e-mailed receipts enabling paper free transactions.
POS Terminals: On the Cusp of Change
Simultaneously VeriFone and Ingenico (the two largest terminal manufacturers)
Mercator's new report, POS Terminals: On the Cusp of Change, examines the POS terminal industry by providing an overview of recent major events and the current landscape and analyzing economic, geographic and technologic developments. In addition, the report forecasts anticipated developments for the POS terminal itself, both for the near term and further into the future.
This report also compares the most advanced, currently available terminals on the market to Mercator's concept of an ideal terminal to meet all merchant needs in the next three to five years, labeled the "Canonical POS Terminal."
Highlights of the Report Include:
A timeline of all VeriFone and Ingenico acquisitions in the past two years, with analysis of the most significant and their effects on both manufacturers
Breakdown of POS industry developments including changes in geographical demand and an explanation for the success of some recent newcomers
Forecast of anticipated developments over the next few years regarding the capabilities of the POS terminal, including EMV, NFC and non-payment capabilities
Analysis of how well today's terminals will meet the future forecasted needs of merchants
Forecasted schedule of when U.S. merchants will convert their terminals to include EMV capability
"As a result of both technological development and business model evolution, the payment transaction is losing its primacy as the most important, discrete step in the commerce transaction cycle. It is becoming embedded in the entire customer experience,"
This report is 31 pages long with six exhibits.
Companies mentioned in the report include: The Nilson Report, Ingenico, VeriFone, Hypercom, SZZT Electronics, Spire Payments, Equinox Payments, Gemalto, PAX Technology, Bitel, Xinguodu Technology, Visa, MasterCard, Google, Isis, AT&T, T-Mobile, Verizon, Groupon, LivingSocial, FourSquare, Facebook, Square, Intuit, Erply, Starbucks, MICROS Systems, Radiant Systems, and Squirrel Systems.
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About Mercator Advisory Group
Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.