Restaurant Point of Sale: Are credit cards going obsolete in the near future?

Sept. 2, 2009 - PRLog -- The New Payment Method That Might Make Credit Cards Obsolete

Contactless, one of the leading provider of advanced, open-standard contactless chip technologies, have announced that they have made a 3-year agreement with First Data, a global leader in electronic commerce and payment processing services, in developing contactless payment stickers that will be marketed by First Data as GO-Tag products. On the agreement, INSIDE is the one to supply the MicroPass payment sticker prelams only to First Data-qualified card manufacturers for production.

With this agreement, it helps leverage the core technology from INSIDE Contactless and the issuing and transaction processing power of First Data. GO-Tag products will be marketed by First Data to major U.S. merchants, financial institutions, and all other distribution channels in a variety of form factors.

According to the general manager of Mobile Commerce and Point of Sale Solutions for First Data, First Data's GO-Tag Solution will represent an important step in the evolution from today's plastic cards and fobs, offering a bridge to the future of mobile payments. "Our partnership with INSIDE Contactless enables us to offer consumers an opportunity to turn just about any personal item, from a mobile phone to an employee ID badge, into a payment device."

It's the versatility of the MicroPass platform to support a variety of contactless payment applications and form factors, as well as stickers stickers, that highlights the agreement.

Consider updating your restaurant POS system to Contactless credit card acceptance in the near future as this technology becomes more common in the marketplace. And we all know that customer service is all about the speed and fast transaction to a restaurant point of sale terminal, the better the service is the better your customer experience will reflect on the value of your services.

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The author of this article is the VP of Customer Relations at POS-For-Restaurants.com with over 20 years experience helping restaurants nationwide increase their efficiency and bottom-line profits using restaurant POS systems.

You may visit http://www.pos-for-restaurants.com for more information on how our national network of restaurant point of sale experts can help your business achieve greater success in these difficult economic times.

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