VERIFONE TO INCLUDE NFC IN EVERY NEW PAYMENT SYSTEM

NFC payment systems are caught in a catch-22. Providers won't provide the equipment (and merchants won't pay for new systems) until it the NFC payments until enough consumers demand it, consumers won't use it until enough merchants have the systems in place. Verifone, one of the world's largest POS manufacturers and processors, is hoping to break that cycle. They have announced that all new POS systems will NFC capabilities. Verifone’s CEO, Douglas G Bergeron. “We find ourselves at the epicenter of the mobile payments revolution and the key enabler of the integration of new payment methods with the world’s existing payment infrastructure.” Mr. Bergeron does caution that the mere presence of NFC in POS systems does not make a retailer ready to accept touch-less payment, rather it takes “deep software richness at the point-of-sale to interact with the smartphone and manage a services-based model.” Hopefully, this will have a positive impact on NFC payments in the near future