Mobile point-of-sale

The path to success is almost never smooth, and many well-known companies have made expensive mistakes along the way. Here are some of the ideas that are no longer around but may never be forgotten.

By now, the term "omnichannel" seems to have lost some of its buzz in the payments world. And that’s because banks are learning that the process of creating a seamless cross-channel experience can't be summed up so succinctly.

One of the big ideas payment technology execs push is the backgrounding of the transaction — often called the "Uberization" because of how well the ride-sharing app Uber accomplishes this feat.

Already under fire from companies like Square, another outsider threatens to cut terminal makers out of the loop. It's up to device makers to adapt.

Verifone has extended its partnership with Worldpay, allowing the terminal manufacturer to provide point of sale software and hardware to Worldpay customers in the U.K.

The spread of new payment technology and omnichannel commerce are changing the way people shop during the holiday season, even in brick-and-mortar stores. Here are a few noteworthy trends this season.

The Scan & Go mobile app went live last month at Sam’s Club, allowing consumers to scan their own items as they shop and pay within the app, an innovation that could cut down on checkout lines.

Merchants are still slow to adopt mobile point of sale systems. But improvements in usability and longer battery life can turn that around.

Paysafe and ServiceMax have partnered to deliver online payment and mobile point of sale solutions to service providers that do a vast majority of their work in the field.

The company has done a lot of work on EMV speed, but contactless mobile may be its biggest opportunity.