Mobile Marketing Watch recently ruminated on what technologies the smartphone could possibly replace in 2013, and some of those predictions pointed to mobile credit card processing as driving changes in payment procedures.
According to the website, thanks to advances in mobile credit card processing, settling bills in cash is becoming less common. One barrier to using your credit card can be shopping in more isolated spots that may not maintain credit card terminals, but new smartphone technology can allow customers to use their plastic anywhere. Mobile Marketing Watch predicted that the paper receipt will fall to the wayside with the proliferation of e-receipt applications.
The demise of paper receipts may even extend as far as the healthcare system, where not only are online payments becoming more popular, but electronic health records are altering the way the industry works.
Other forms of technology that Mobile Marketing Watch thumbed for potential replacement by smartphones included business cards, digital cameras, foreign language dictionaries and daily newspapers.
Credit card terminals probably won’t become obsolete any time soon, but mobile credit card processing provides an increasingly popular alternative to swiping at the register.Back To Blog