Small merchants are embracing new payment technologies as we enter the “smart device era.” In fact, two-thirds of retailers plan to implement a mobile, online or in-store outreach strategy to target smart phone shoppers within the next three years. And by the end of 2017, mobile payments will reach $90 billion dollars.
We’re beginning a new era where tablets, smart phones and other forms of alternative payments are transforming the point-of-sale into a point-of-purchase experience, and a valuable new tool for merchants. The infographic below shows how payments have evolved over the past 50 years as new technologies and regulations are introduced and consumer habits change.
The Evolution of Main Street
