Apple is among the few firms that one would expect to take a "revolutionary" approach to mobile payments, if it decides the capability is important, and can create or transform the device market.
Already, when consumers buy inside Apple stores, there is no use of traditional point of sale terminals.
Apple’s patents and stores suggest that the company envisages a world in which POS terminals are no longer fixed or discrete devices within the retail environment, but simply use standard mobile devices.
In other words, Apple, given its device focus, likely sees the mobile device itself as the way to do "check out."
Saturday, May 19, 2012
Apple Might See Little Value in Mobile-Capable Retailer POS
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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