Wearables Are The Catalyst For Cashless (And Prophetic?) Payments Tech Wave
New technologies are allowing us to reimagine the entire customer payment experience. In the future, the only mandatory inputs for a transaction will be the merchant’s price and the customer’s acceptance. These will be configured to require minimum effort from a customer. For example, at the most extreme with a low value payment, a customer could pick up a product and simply carry it out of the store to execute their payment. The banks that can provide the simplest and most secure experiences will be rewarded with customer adoption – with the invaluable data and revenue that will come with it.