7 Newest Payments Products from Outside the Industry
Published October 11, 2013 4:22 PM
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Updated October 20, 2016 10:44 AM
1 Min Read
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There has been a flurry of activity in payments technology in recent days. But as the dust settles, it's becoming clear that some of the most disruptive products are coming from outside the payments industry. (Image: ThinkStock)
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Walgreens
Perhaps drawing inspiration from Walmart's successful Bluebird card, Walgreens introduced a prepaid card that does a lot more than other off-the-rack cards. It combines with Walgreens' loyalty program, so customers don't need to carry a separate loyalty card. It also allows account access from in-store kiosks. (Image: Bloomberg News)
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Amazon.com
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McDonald's
McDonald's is running several tests to find the secret sauce of emerging payments. Its tests with Interac Flash for mobile payments in Canada parallel its recent work with Isis, which McDonald's is fueling with a combined marketing campaign . (Image: Bloomberg News)
Groupon
Groupon, once just a daily-deals provider, is strengthening its foothold in the payments industry with its constantly evolving Breadcrumb POS tablet payment app. The latest update adds a variety of customer and employee management tools, allowing merchants to know which customers have special needs and which employees deserve the biggest share of the tip jar. (Image: Groupon)
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Bluetooth Low Energy
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Ripple
Although Bitcoin suffered a setback with the takedown of the Silk Road online drug market, other virtual currencies are becoming a real threat. Ripple Labs recently forged two new partnerships with gateways to allow more people to use its Ripple virtual currency. (Image: ThinkStock)
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U.S. Bank's Retail Project
Though this product comes from a bank, the idea comes from the best in e-commerce. With a mobile app, U.S. Bank plans to entice customers to scan items on store shelves for product info and discounts and it can remember that interaction even if the customer doesn't buy the item. This allows physical stores to track browsing habits the same way they do online. (Image: ThinkStock)
