For years, cash, credit cards, and checks were the only options for payment at stores. Recently, new RFID technology has brought secure contactless payment into the forefront for both retailers and shoppers, leading Innovative to meet this demand and create a new payment terminal device mount designed for current pin pads and signature capture devices, as well as the upcoming technology of the contactless payment industry trends.
But why the change? Smart Card Alliance suggests it’s all about speed and convenience. Contactless payment removes worrying about having enough cash, fumbling with change, or the security concerns that come with using credit cards and PIN numbers. The benefit for merchants is the sales volume that comes with faster transactions:
- Contactless payment reduced POS transaction time 30 to 40%
- 63% faster than cash
- 53% faster than traditional credit cards
Because of the security and expediency benefits of RFID technology, multiple card issuers and retailers are jumping on the contactless payment bandwagon, including Bank of America, Citibank, Visa, Wells Fargo, Sheetz, McDonald’s, and CVS.
To meet this increasing demand, Innovative has introduced a new POS mount: the payment terminal device mount is ideal for stores looking to upgrade to secure RFID contactless payment. Like all of our other POS mounting solutions, the payment terminal device mount provides a durable solution for heavy use POS environments.
This new POS development offers the full functionality of an industry-standard VFI 3-hole pattern device while focusing on aesthetics at the cash wrap. Because of the changing payment environments, the payment terminal device mount is an adaptable solution that can work with all types of payment acceptance devices. Keeping up with all of Innovative’s other POS options, the payment terminal device mount is available for full custom solutions for large scale rollouts.