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Payment Innovation
Trend Report for Your Brand
10.01.18
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Hyper-Convenient QSR
Biometric Cafe
Cashless Retail
Experiential Purchase
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Payment Innovation
Your Brand
Courtney
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For a brief and very high level view, this format solely features the Consumer Insight section of your report, ideal for a quick overview of the main takeaways in less than 30 slides.
This format features Consumer Insights and highlights three supportive examples for a quick, concise read.
Ideal for team meetings, ideation and brainstorming, this format incorporates all three report sections as outlined in the Classic format and features images and headlines for a much more visually focused report.
Our standard report format divides content into three sections: Consumer Insights which feature opportunities within a 1-5 year time frame, Clustered Lists for thorough competitor and market scoping and Individual Examples featuring best-in-class case studies.
This format includes all three report sections as featured in the Classic format (Consumer Insights, Clustered Lists and Examples) with article content included along with every idea for further reading.
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Hyper-Convenient QSR
Fast Food becomes even more convenient will the help of mobile tech
Implications - While typical QSR and fast food establishments already prioritize convenience and accessibility, brands are taking things a step further with the use of apps and other digital solutions on-site. Adding mobile payment and ordering to experiences like drive-thrus, brands are tapping into the growing need for more on-demand food service options. Not only eliminating wait times and payment processes, these streamlined features showcases a desire for hyper-convenience in every single aspect of a consumer’s daily journey.
Trend Themes
1. Mobile Payment in Qsrs - Mobile payment options at drive-thrus and in-store are becoming increasingly popular as consumers seek on-demand food options.
2. Fast Food Mobile Ordering - Mobile ordering options and interactive menu board kiosks are transforming fast food dining experiences and making them more streamlined.
3. Restaurant Reward Apps - Rewards and discounts for dining out are being offered through apps like Seated and are transforming the way customers discover and dine at restaurants.
Industry Implications
1. Fast Food Industry - Mobile payment options, mobile ordering, and interactive menu boards are changing the way fast food establishments operate and reach customers.
2. Food Delivery Industry - Food delivery services like SkipTheDishes are partnering with fast food chains like Tim Hortons to offer on-demand food delivery to customers.
3. Mobile Payment Industry - With more and more fast food establishments adopting mobile payment options at their drive-thrus and in-store, the mobile payment industry is becoming a disruptor in the QSR space.
Interactive Menu Board Kiosks
Long John Sliver's Drive-Thrus Will Now Feature Interactive Menus
On-Demand Drive-Thru Apps
The 'Drive-Thru On Demand' App Aims to Make Every Eatery a Drive-Thru
Coffee Delivery Services
Tim Hortons Launched Door-to-Door Delivery in the GTA with SkipTheDishes
Fast Food Payment Platforms
This Fast Food Chain Will Begin Accepting Mobile Payment Options
Drive-Thru Payment Platforms
This Chain Uses Beacons to Facilitate Mobile Payment at Drive-Thrus
Fast Food Mobile Ordering
McDonald's Mobile Ordering Will Be Available in Its US Restaurants
Reward-Offering Dining Apps
The Seated App Gives Users Discounts for Making Reservations
Biometric Cafe
Casual dining options adopt biometric payment and streamlining capabilities
Implications - Casual dining spaces are enhancing customer experience within their stores by adopting biometric payment systems, along with biometric personalization systems. This shift caters to the in-depth customization that is required of large and small brands alike, in order to best strengthen customer loyalty against mounting competition.
Trend Themes
1. Biometric Payment Methods - Biometric payment methods utilizing finger-vein or facial recognition technology are becoming a more secure and efficient alternative to traditional payment methods.
2. Facial Recognition Cafe Loyalty Programs - Facial recognition software is being implemented to provide for a more personalized loyalty experience for customers and streamline business operations.
3. High Tech Convenience Stores - Convenient store chains are adopting facial recognition payment systems to provide for a faster customer checkout experience while simultaneously reducing business costs.
Industry Implications
1. Restaurant Industry - The restaurant industry can integrate biometric payment methods and loyalty programs to keep customers coming back and streamline operations.
2. Retail Industry - Retail industry professionals can apply high-tech convenience store models to their stores to increase sales and improve customer experience.
3. Finance Industry - The finance industry can use biometric payment systems to increase security and reduce fraud while also streamlining banking operations.
Facial-Recognition Cafe Loyalty Programs
Bahista Cafe Rewards Customers With the Help of Tech
High-Tech Convenience Stores
7-Eleven's Trial Store in Tokyo Accepts Facial Recognition Payments
Biometric Fast Food Kiosks
'Bite' is a Facial Recognition Kiosk That Makes It Easier to Order Food
Biometric Payment Methods
'Fingopay' Authenticates Sales Using a Finger-Vein Reading System
Facial Recognition Coffee Shops
This Facial Recognition for Cafes Offers More Personal Service
Cashless Retail
Retail stores go entirely cashless in order to streamline processes
Implications - With more consumers opting to pay for things digitally rather than with cash, retailers are removing the option of cash transactions entirely – with Amazon going so far as to remove in-person payments altogether. This shift speaks to the adaptation, and enhancement, of already-established consumer purchase habits, while creating a shopping experience that prioritizes convenience.
Trend Themes
1. Cashless Payments - An increasing number of retail stores are adopting cashless payment systems to provide seamless transaction experiences for consumers, for instance, with the adoption of mobile or handset payments and cryptocurrency payments in cafes.
2. Streamlined Checkout Services - Many brick-and-mortar stores are turning cashless and staffless with the adoption of self-checkout apps, which not only provide convenience for consumers but also reduce the need for expensive checkout terminals and employees.
3. Innovative Retail Technology - The Amazon Go store and offline Everlane store both showcase the importance of leveraging technology to innovate the traditional retail experience, including the introduction of cameras, sensors, and an integrated ID system for cashless shopping.
Industry Implications
1. Retail - Retailers are at the forefront of adopting cashless payment systems, streamlined checkout services, and innovative retail technology to enhance shopping experiences and stay competitive.
2. Hospitality - The adoption of cash-free resort concepts and cashless payments in cafes showcase ways in which the hospitality industry can enhance guest experiences and provide seamless transactions.
3. Fintech - The increasing adoption of cashless payments presents an opportunity for fintech companies to innovate solutions for seamless and secure transactions.
Offline Fashion Shops
The First-Ever Brick-and-Mortar Everlane Store is Now Open in NYC
Connected Convenience Stores
The Amazon Go Store is Open and Aims to Change the Way we Shop
Streamlined Checkout Services
Sainsbury's 'SmartShop' Enables Checkout Via a Mobile or Handset
Cash-Free Cryptocurrency Cafes
The Ducatus Cafe Accepts Payments Via Its In-House Cryptocurrency
Cashless Resort Concepts
Walt Disney World is Testing a Cash-Free Animal Kingdom Lodge
Cashless Coffee Shops
This Pilot Program in Seattle is Testing the Success of a Cashless Starbucks
Experiential Purchase
Paths to purchase move beyond convenience into experiential realms
Implications - As streamlined payment options continue to evolve with the use of emerging tech, a shift toward more experiential purchasing solutions are on the rise to better engage consumers. Moving beyond mere convenience, brands are tapping into social platforms, multimedia outlets and even AI capabilities to add more memorable moments to the purchasing journey. Focusing on experience rather than speed, these paths to purchase are representative of a growing consumer desire for brand experiences that are engaging even prior to product consumption.
Trend Themes
1. Experiential Purchasing - Experience-focused purchase paths are on the rise as brands move beyond convenience to engage consumers prior to product consumption.
2. Shoppable AR Lenses - Shoppable augmented reality lenses are a new way for brands to engage and drive sales through interactive experiences.
3. AI-powered Car-sharing - Proprietary learning technology is powering a new generation of car-sharing services that recommend cars to drivers based on their specific needs.
Industry Implications
1. E-commerce - E-commerce brands are tapping into new experiential purchase paths, amplified by emerging technologies to provide consumers with a more memorable shopping experience.
2. Transportation - Car-sharing services are evolving with AI-powered solutions that are data-focused and specific to consumers.
3. Advertising and Marketing - Shoppable augmented reality lenses are a new way for brands to engage and captivate consumers with interactive advertising content via major social media platforms.
Pizza-Purchasing Social Lenses
Domino's Shoppable AR Snapchat Lens Lets Users Easily Order Pizzas
Holiday-Themed AR Ads
Kohl's Enables Snapchat Users to Virtually Browse Exclusive Holiday Products
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Customized E-Shopping Carts
Avon is Helping Its Reps to Create Personalized Shopping Experiences
AI Car-Sharing Services
The Volvo M Brand Studies Drivers and Tells Them Which Car to Rent
Movie Ticket Purchasing TVs
Comcast and Fandango Partnered to Offer Tickets to Jurassic World
Wait-Free Payment Services
The Barclaycard Payment Service Lets Diners Eat and Then Leave
A new Barclaycard payment service is being tested and could be the end of waiting for a bill at a restaurant. The new service is called 'Dine & Dash,' but this does not mean skipping out on a tab—instead users will register when they sit down at a table and will be automatically billed when they leave.
Users looking to take advantage of this service will find it quite easy, as everything can be done through the Dine & Dash app. Once users have the app, all they have to do is tap their phone on the Dine & Dash device at their table when they arrive. Users would then order and eat as usual, and once finished, they are free to get up and leave. The Dine & Dash app would register that the diner has left the restaurant and will close the bill based on the payment option loaded into the app.
The new Barclaycard payment service also makes splitting the bill a breeze and even allows users to tip and apply a discount code. The Dine & Dash Barclaycard payment service is currently undergoing a trial run at the St. Martins Lane Prezzo restaurant in Central London.
Users looking to take advantage of this service will find it quite easy, as everything can be done through the Dine & Dash app. Once users have the app, all they have to do is tap their phone on the Dine & Dash device at their table when they arrive. Users would then order and eat as usual, and once finished, they are free to get up and leave. The Dine & Dash app would register that the diner has left the restaurant and will close the bill based on the payment option loaded into the app.
The new Barclaycard payment service also makes splitting the bill a breeze and even allows users to tip and apply a discount code. The Dine & Dash Barclaycard payment service is currently undergoing a trial run at the St. Martins Lane Prezzo restaurant in Central London.
Feb 28th, 2018
Trend Themes
1. Contactless Payment Solutions - The 'Dine & Dash' app from Barclaycard is a prime example of a contactless payment solution that eliminates waiting for a bill at restaurants.
2. Seamless Dining Experience - The 'Dine & Dash' service demonstrates a trend towards a seamless dining experience, where customers can simply eat and leave without the hassle of traditional payment processes.
3. Automated Billing System - Barclaycard's 'Dine & Dash' app showcases the growing interest in automated billing systems that streamline payments and enhance customer convenience.
Industry Implications
1. Hospitality - The hospitality industry can incorporate contactless payment solutions like 'Dine & Dash' to revolutionize the dining experience for customers and increase operational efficiency.
2. Mobile Payment - The mobile payment industry can explore opportunities to develop and enhance contactless payment apps like 'Dine & Dash' that offer a seamless and convenient payment experience.
3. Restaurant Technology - The restaurant technology industry can leverage automated billing systems similar to Barclaycard's 'Dine & Dash' to improve customer satisfaction, optimize operations, and reduce waiting times.
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4.6
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Related Examples
Self-Serve Convenience Stores
Irispay's "E-Concept Store" in Malaysia is a Self-Service Store
Connected Convenience Stores
The Amazon Go Store is Open and Aims to Change the Way we Shop
Contactless Church Donations
Paris' Saint-François de Molitor is Replacing Collection Baskets
Cashless Coffee Shops
This Pilot Program in Seattle is Testing the Success of a Cashless Starbucks
Creator-Focused Browsers
The 'Brave' Web Browser Allows For Direct Funding Support to Creators
Crypto-Friendly E-Commerce Payments
PayBear Enables Payments in Cryptocurrency for Online Retail
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Tourist-Targeted Payment Platforms
Lacoste's Use of the Alipay System Attracts Foreign Shoppers
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On-Table Ordering Tablets
PrestoPrime EMV Speeds Up the Ordering Process
Streamlined Payment Processing Platforms
'Topii' Decreases Time Spent Reviewing Invoices by 80%
Convenient Cashless Payment Apps
NETSpay is a Popular Digital Payment App from Singapore
With the digital revolution in full swing, cashless payment apps are becoming an acceptable form for consumers to interact with businesses. NETSPay is one such mobile application that is based in Singapore. The platform is incredibly convenient and efficient, allowing consumers to buy desired items for transactions $100 and below.
Users can simply tap or scan QR codes to pay both in brick-and-mortar retail locations, as well as on eCommerce websites. The cashless payment app also allows individuals to transfer money to peers and family, as well as send e-gifts. This mobile application is geared toward the tech-savvy generations and it aims to completely reimagine the way one pays for goods in the digital era. Recently, NETSPay partnered up with UnionPay in order to enable consumers to use the ultra-convenient cashless payment app globally.
Users can simply tap or scan QR codes to pay both in brick-and-mortar retail locations, as well as on eCommerce websites. The cashless payment app also allows individuals to transfer money to peers and family, as well as send e-gifts. This mobile application is geared toward the tech-savvy generations and it aims to completely reimagine the way one pays for goods in the digital era. Recently, NETSPay partnered up with UnionPay in order to enable consumers to use the ultra-convenient cashless payment app globally.
Sep 11th, 2018
Trend Themes
1. Cashless Payment Apps - Disruptive innovation opportunity: Explore new features and functionalities to enhance user experience and security in cashless payment apps.
2. Mobile Applications - Disruptive innovation opportunity: Develop mobile apps that streamline transactions and offer seamless user experiences across retail and eCommerce platforms.
3. Global Payment Solutions - Disruptive innovation opportunity: Collaborate with international payment networks to expand the reach and usability of cashless payment apps globally.
Industry Implications
1. Financial Technology - Disruptive innovation opportunity: Develop innovative solutions that revolutionize the way consumers interact with their money and make payments.
2. Retail - Disruptive innovation opportunity: Embrace cashless payment apps as a means to enhance the customer experience and increase convenience in retail transactions.
3. E-commerce - Disruptive innovation opportunity: Integrate cashless payment apps into e-commerce platforms to provide secure and efficient payment options for online shoppers.
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4.1
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Related Examples
Self-Serve Beer Stations
Reading University's 'Beer Wall' Features 16 Varieties on Tap
Fashionable Event Wristbands
Wristbanditz Combines Style and Function in Its Event Wearables
Automated Donation Keychains
bPay's Keychain Key Rings Make Contactless Donations to UK Charities
Self-Serve RFID Terminals
Token's Mini-Serve EFTPOS System Offers a Cashless Option for Events
QSR Stored-Value Cards
McDonald's Taiwan is Launching Cards and a Points System
App-Connected Debit Cards
The Square Debit Card Draws Funds from One's Square Cash Account
Expansive Cashless Payment Systems
GrabPay Plans to Offer Its Services to 20,000 Merchants
Cashless Event Access Platforms
Intellitix Offers a Simple Solution to Access Control At Events
Cashless Soccer Tourneys
The FIFA Confedations Cup Will Be Completely Cashless Thanks to Visa
Biometric Student Payments
Copenhagen Business School Now Offers Finger Scanners for Students
Those who are studying or visiting the Copenhagen Business School (CBS) now have the chance to leave their cash, cards and smartphone at home and instead opt to pay for their lunch using only a finger scanner. Digital payments specialist Nets is now introducing a trial for finger vein payments at CBS, experimenting with the system as a safer, faster and more secure way to serve customers.
The finger scanners installed in the cafeteria makes it possible for anyone with a Dankort, the national debit card of Denmark, to enrol and link their unique finger vein pattern to their account.
Unlike other methods of biometric verification, such as scanning the fingerprints, which can easily be replicated, these finger scanners authenticate individual users based on the detection of circulating blood.
The finger scanners installed in the cafeteria makes it possible for anyone with a Dankort, the national debit card of Denmark, to enrol and link their unique finger vein pattern to their account.
Unlike other methods of biometric verification, such as scanning the fingerprints, which can easily be replicated, these finger scanners authenticate individual users based on the detection of circulating blood.
Apr 25th, 2018
Sources: nets.eu
Trend Themes
1. Biometric Student Payments - The use of finger scanners for student payments is an innovative and convenient way to make transactions on campuses.
2. Safer and Faster Payments - The trial of finger vein payments at Copenhagen Business School offers a more secure and efficient alternative to traditional payment methods.
3. Unique Finger Vein Authentication - The use of finger vein pattern authentication ensures higher security compared to easily replicable biometric verification methods.
Industry Implications
1. Digital Payments - The introduction of finger scanners for payments opens up opportunities for advancements in digital payment systems and technologies.
2. Education - The implementation of biometric student payments presents an innovative approach to transforming payment systems in educational institutions.
3. Security and Authentication - The adoption of unique finger vein authentication techniques in payment systems creates disruptive innovation opportunities in security and authentication industries.
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2.6
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Related Examples
Designer Hybrid Smartwatches
The Updated Kronaby Hybrid Smartwatches Feature Amazing Design
Zero-Waste Cafe Pop-Ups
Ecover's Cafe Will Only Accept Recyclable Plastic as Payment
Purchase-Rewarding Smart Cards
The 'Qmplete' Smart Digital Wallet Stores All Your Cards
Biometric Payment Methods
'Fingopay' Authenticates Sales Using a Finger-Vein Reading System
Blockchain Betting Platforms
The AstorGame Platform Functions Off Security and Smart Contracts
Palm Print Payments
Lotte Card's 'Hand Pay' Lets Consumers Pay by Scanning Their Palm
Reward-Offering Dining Apps
The Seated App Gives Users Discounts for Making Reservations
In-Car Gas Payments
The Chevrolet Marketplace App Will Let Drivers Pay Without Leaving the Car
Contactless Biometric Cards
Gemalto's Payment Card Replaces PIN Codes with Biometrics
Smart Shopping Mirrors
Mastercard and OAK Created a Mirror That Works with RFID Technology
Mastercard and OAK came together to create a next-gen shopping mirror that has the potential to revolutionize the experience of buying—and trying on—clothing.
The digital smart mirrors pair with RFID technology that's embedded in the hang tags of clothing pieces, making it so that the reflective surface instantly identifies products as they are brought into the dressing room. As such, a virtual shopping basket is created for consumers, just like the way a shopper pulls together a bunch of desired items while online shopping.
With this technology, a retailer is able to receive and respond to fitting room requests with ease, view occupancy, check their inventory, as well as get feedback on products. While many consumers appreciate the ease of online shopping, consumers are looking for retailers to integrate aspects of the digital worlf in-store for an enhanced, personalized experience.
The digital smart mirrors pair with RFID technology that's embedded in the hang tags of clothing pieces, making it so that the reflective surface instantly identifies products as they are brought into the dressing room. As such, a virtual shopping basket is created for consumers, just like the way a shopper pulls together a bunch of desired items while online shopping.
With this technology, a retailer is able to receive and respond to fitting room requests with ease, view occupancy, check their inventory, as well as get feedback on products. While many consumers appreciate the ease of online shopping, consumers are looking for retailers to integrate aspects of the digital worlf in-store for an enhanced, personalized experience.
Jun 18th, 2018
Sources: internetretailing.net & newsroom.mastercard
Trend Themes
1. Smart Shopping Mirrors - Smart shopping mirrors integrated with RFID technology revolutionize the clothing buying experience by instantly identifying products and creating a virtual shopping basket.
2. Next-gen Shopping Experience - Next-gen shopping mirrors enable retailers to respond to fitting room requests, view occupancy, check inventory, and gather product feedback, enhancing the in-store experience.
3. Integration of Online and In-store - Consumers seek retailers who integrate aspects of the digital world into physical stores, providing an enhanced and personalized shopping experience.
Industry Implications
1. Retail - Retailers can leverage smart shopping mirrors to improve customer experience and streamline operations in their stores.
2. Fashion - Fashion brands can utilize smart mirrors to enable virtual shopping baskets and increase customer engagement and satisfaction.
3. Technology - The development and implementation of RFID technology in smart mirrors present opportunities for tech companies to innovate in the retail industry.
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6.6
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Activity
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Related Examples
App Store-Connected Mirrors
The 'Eve' Smart Mirror Lets You Download and Use Your Fave Apps
High-Tech Beauty Shops
The L.O.V Voice Activated Beauty Shop Has a POS Smart Assistant
Customizable Smart Mirrors
The AirNodes 'Anna' Mirror was Shown Off at CES 2018
Connected Skincare Mirrors
The 'Shezmirror' Analyzes Your Unique Skin Conditions
Android-Powered Mirrors
The 'Monolith' Smart Mirror Performs a Number of Tasks
Versatile Smart Mirrors
iHome's iCBV10 Mirror is Designed to Cooperate with Technology
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Makeup-Assisting Smart Mirrors
'Morror' Helps Users Get Ready by Streaming Makeup Tutorials
Data-Displaying Smart Mirrors
The 'Mango Mirror' Displays Pertinent Information to Start Your Day
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AR Tooth Brushing Games
Parents Can Ensure Good Habits With the Kolibree Magik Smart Toothbrush
Student ID Contactless Payments
Blackboard's NFC Contactless Payments Work with Student IDs
In an effort to better integrate NFC contactless payments on college campuses Blackboard will leverage the use of Apple products to create a “seamless experience” across campuses. Announced in a recent press release, Blackboard claims it is the first campus credential provider to utilize Student ID NFC contactless payments through iPhone and Apple Watch. This new capability will officially launch with Duke University, University of Alabama, and the University of Oklahoma.
According to Blackboard, a majority of US college students use Apple devices. This research served as the basis for its NFC contactless payments as it looked to leverage existing Student ID accounts to streamline the college purchasing experience. The contactless payments will be able to be used at all vending machines, dining halls, laundry facilities, and even off-campus retail locations that accept student IDs as payment.
According to Blackboard, a majority of US college students use Apple devices. This research served as the basis for its NFC contactless payments as it looked to leverage existing Student ID accounts to streamline the college purchasing experience. The contactless payments will be able to be used at all vending machines, dining halls, laundry facilities, and even off-campus retail locations that accept student IDs as payment.
Sep 12th, 2018
Sources: 9to5mac & prnewswire
Trend Themes
1. NFC Contactless Payments - Disruptive innovation opportunity: Explore the integration of NFC contactless payments to improve customer convenience and streamline payment processes.
2. Seamless Campus Experience - Disruptive innovation opportunity: Develop solutions that create a seamless experience for students on college campuses by integrating contactless payments and leveraging existing student ID accounts.
3. Mobile Payment Solutions - Disruptive innovation opportunity: Innovate mobile payment solutions that allow for easy and secure transactions across various locations and devices.
Industry Implications
1. Higher Education - Disruptive innovation opportunity: Collaborate with colleges and universities to implement NFC contactless payment solutions in their campuses and enhance the student experience.
2. Retail - Disruptive innovation opportunity: Partner with retail businesses to integrate contactless payment solutions that accept student IDs as a form of payment, capturing the college student market.
3. Mobile Technology - Disruptive innovation opportunity: Develop mobile payment technologies and platforms that can seamlessly integrate NFC contactless payments and improve the overall payment experience.
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Related Examples
Personal Transport Vending Machines
Singapore's Segway Vending Machine Targets Impulsive Buyers
Blockchain B2B Finance Platforms
'Tradeshift Pay' Improves Supply Chain Management
Bitcoin Payment Chips
'Flip' Facilitates Contactless Cryptocurrency Payments
Self-Serve RFID Terminals
Token's Mini-Serve EFTPOS System Offers a Cashless Option for Events
Biometric Student Payments
Copenhagen Business School Now Offers Finger Scanners for Students
In-Car Gas Payments
The Chevrolet Marketplace App Will Let Drivers Pay Without Leaving the Car
Offline Merchant Payment Solutions
'OyaPay' Uses Your Smartphone Camera and Bluetooth for Payments
Interest-Free Payment Systems
Sezzle Splits Up Shopping Payments Into Increments With No Extra Fee
Contactless Busker Payments
London Recently Introduced a New System for Paying Buskers
Bitcoin Payment Chips
'Flip' Facilitates Contactless Cryptocurrency Payments
Fit Pay Inc. launched 'Flip' as a tangible device for helping the average person make cryptocurrency payments with bitcoin. To use bitcoins as a method of payment, one must ordinarily open a mobile or online bitcoin wallet—but Flip is a contactless payment device that includes a digital wallet, making the experience of paying for goods with Bitcoin like tapping a secure credit card.
Flip currently works anywhere where contactless payments are accepted, meaning that it can easily be integrated into a merchant's existing systems. As Fit Pay Inc. describes: "Flip exchanges your cryptocurrency value into US dollars, which are then used to fund a prepaid-payment device."
In the future, Fit Pay Inc. plans to make it possible for Flip to be purchased with Bitcoin.
Flip currently works anywhere where contactless payments are accepted, meaning that it can easily be integrated into a merchant's existing systems. As Fit Pay Inc. describes: "Flip exchanges your cryptocurrency value into US dollars, which are then used to fund a prepaid-payment device."
In the future, Fit Pay Inc. plans to make it possible for Flip to be purchased with Bitcoin.
Mar 9th, 2018
Trend Themes
1. Contactless Cryptocurrency Payments - The Flip device enables contactless payments with bitcoin, disrupting traditional payment methods.
2. Integration of Cryptocurrency Into Existing Systems - With Flip, cryptocurrency can be seamlessly integrated into a merchant's contactless payment systems, creating new opportunities for businesses.
3. Prepaid-payment Devices for Cryptocurrency - Flip's ability to convert cryptocurrency into US dollars and fund a prepaid-payment device opens up new possibilities for secure and convenient payments.
Industry Implications
1. Fintech - The contactless cryptocurrency payment trend provides opportunities for fintech companies to develop innovative solutions for secure and seamless transactions.
2. Retail - By integrating cryptocurrency payments into their contactless payment systems using Flip, retailers can attract tech-savvy customers and stay ahead of the curve.
3. Payment Processing - The emergence of prepaid-payment devices for cryptocurrency, like Flip, presents new opportunities for payment processors to offer advanced and secure payment solutions.
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4.7
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Related Examples
Revealing Cryptocurrency Tees
The 'I AM SATOSHI' Tee Teases Bitcoin's Mysterious Founder
Illustrated Bitcoin Guides
Square Explains the Fundamentals of Bitcoin with a Book for Children
Cryptocurrency Dating Apps
The LUXY Dating App is Allowing Users the Ability to Pay with Bitcoin
Blockchain Developer-Hiring Sites
Cryptohire Lets Companies Hire Devs and Pay Them in Crypto
Canine Cryptocurrency Concepts
CryptoDoggies is Yet Another Take on Crypto Tokens
Commission-Free Crypto Trading Apps
Robinhood is Breaking Into the Crypto Market with Free Trading
Native Crypto Exchange Tokens
This Token Lets Huobi Exchange Users Access Trading Fee Discounts
Micro Investment Cryptocurrency Platforms
Startup Crumbs Helps Small Sums Become Cryptocurrency
Crypto-Friendly E-Commerce Payments
PayBear Enables Payments in Cryptocurrency for Online Retail
In-Car Gas Payments
The Chevrolet Marketplace App Will Let Drivers Pay Without Leaving the Car
The new Chevrolet Marketplace app, which comes preinstalled in the newest Chevrolet models, will soon give all US Chevrolet drivers the ability to pay for gas without leaving the car. This new feature will first be tested in Detroit, Seattle and Houston before expanding and will currently only work at participating Shell gas stations. The Chevrolet Marketplace app is now available through the Chevrolet MyLink infotainment system and can even be used to locate nearby Shell stations, utilize Shell Fuel Rewards Offers, offer station details and can show you exactly how much you need to spend for a full tank.
To use the feature, drivers will simply need to select the 'Pay and Save' option in the Chevrolet Marketplace app. This will prompt users to select a gas station on the display and will then generate a code that will unlock the gas pump and will end with charging the user from the payment method they have stored.
To use the feature, drivers will simply need to select the 'Pay and Save' option in the Chevrolet Marketplace app. This will prompt users to select a gas station on the display and will then generate a code that will unlock the gas pump and will end with charging the user from the payment method they have stored.
Apr 23rd, 2018
Sources: cnet & detroitnews
Trend Themes
1. In-car Gas Payments - Disruptive innovation opportunity: Further development and integration of in-car payment systems could streamline the fueling process and enhance convenience for drivers.
2. Connected Vehicle Marketplace - Disruptive innovation opportunity: Expanding the functionality of car infotainment systems to include integrated marketplace apps offers new opportunities for brands to engage with consumers on-the-go.
3. Mobile Payment Solutions - Disruptive innovation opportunity: The use of mobile payment apps within the automotive industry opens up possibilities for seamless transactions and improved customer experiences.
Industry Implications
1. Automotive - Disruptive innovation opportunity: The integration of payment technology into vehicles presents opportunities for automakers to enhance their offerings and differentiate themselves in the market.
2. Retail - Disruptive innovation opportunity: Fuel retailers and convenience stores can leverage in-car payment systems to attract customers, streamline transactions, and offer personalized promotions.
3. Mobile Technology - Disruptive innovation opportunity: The convergence of mobile technology and automotive industry enables the development of innovative payment solutions that improve convenience and efficiency for drivers.
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2.9
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Related Examples
Technology-Packed Hybrid SUVs
The Lincoln Aviator Has Three Rows of Seating and a Stylish Design
Motorcycle Infotainment Systems
The 2018 Honda Gold Wing will Feature Apple CarPlay
Immersive Vehicle Sound Systems
The New Audi A8 Features a Bang & Olufsen 3D Advanced Sound System
Device-Compatible Infotainment Systems
The 'Vehroot Shelf' Works with Your Smartphone or Tablet
Android-Backed SUVs
These Vehicles Will Use an Android Infotainment System
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Automotive Voice Assistant Accessories
The Speak Music 'Muse Auto' Brings Amazon Alexa to Your Car
Interconnected Smart Vehicle Displays
Bosch Unveiled a Next-Generation Car Interior at CES 2018
Traffic-Avoiding Car Apps
Waze for Android Auto Brings the App to Your Car's Infotainment System
Voice-Powered Driver Assistants
The Sygic 'Driving Assistant' will be on the Ford SYNC 3 System
Payment App Debit Cards
The Venmo Debit Card Gives Users of the App a Physical Payment Option
Venmo has quickly become the payment app of choice for many, but the Paypal-backed app has recently launched a Venmo debit card to appeal to those that still carry plastic. The new card will allow users to pay using their Venmo account anywhere Mastercard is accepted. The Venmo debit cards are still only available on a limited release and have just come out of a beta program that began in 2017.
The debit card will connect directly to user's Venmo accounts and will draw from the linked bank account to complete the purchase. This allows users to track all transactions through the Venmo app and will still allow them to split costs with friends. Connection to the app also includes a level of safety as the Venmo debit card can be canceled through the app if the card is lost or stolen.
The debit card will connect directly to user's Venmo accounts and will draw from the linked bank account to complete the purchase. This allows users to track all transactions through the Venmo app and will still allow them to split costs with friends. Connection to the app also includes a level of safety as the Venmo debit card can be canceled through the app if the card is lost or stolen.
Jun 26th, 2018
Trend Themes
1. Payment App Debit Cards - Payment apps are offering physical debit cards as an additional payment option.
2. App-linked Debit Card Tracking - App-integrated debit cards are becoming popular for tracking transactions and splitting costs.
3. Mobile Payment Innovation - Mobile payment apps are innovating with physical card options for users.
Industry Implications
1. Banking - Banking institutions can benefit by integrating mobile payment options with physical debit cards.
2. Retail - Retailers can take advantage of increased payment options by offering mobile payment app integration with physical debit cards.
3. Fintech - Fintech companies could further develop mobile payment technology by adding physical debit card options to their apps.
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2
Popularity
Activity
Freshness
Related Examples
Fun Smartphone Bank Solutions
Banking Startup buddybank Goes Beyond P2P Payments and AI Advisors
Computerized Payment Cards
'Da Vinci Choice' is a Card with a Built-In Keyboard and Screen
Digital Banking Kiosks
Emirates NBD's Digital Kiosk Provides Service Beyond Regular Bank Hours
P2P Money Swap Apps
WeSwap Allows Travelers to Exchange Money with Clear and Transparent Rates
Digital Wallet Debit Cards
Venmo is Now Testing Physical Debit Cards for Users
Rideshare Driver Debit Cards
The Uber Visa Debit Card Offers a Host of Incentives to Uber Drivers
Biometric Student Payments
Copenhagen Business School Now Offers Finger Scanners for Students
Savings App Checking Accounts
The Qapital Checking Account Now Lets Users Pay for Purchases
Smartphone-Activated Debit Cards
Monzo Offers Debit Card Activation by NFC-Enabled Phone
Cryptocurrency Payment Solutions
'Munt' Lets Businesses Accept Cryptocurrencies in a Simple Way
An increasing number of consumers are utilizing cryptocurrencies as a method of investment and payment, so the 'Munt' platform has been created to help businesses start accepting them as payment in a streamlined manner.
The platform works by utilizing just five lines of code that can be incorporated into your interface to let businesses accept a wide variety of cryptocurrencies as payment including Bitcoin, Dash, Litecoin, Ethereum and more. This enables merchants to stay agile in the changing market and expand the basis of whom they are able to accept payment from.
The 'Munt' platform also offers access to an advanced dashboard for merchants that will let them see their analytics regarding income, manage the funds and even make a withdrawal to an address of their choice.
The platform works by utilizing just five lines of code that can be incorporated into your interface to let businesses accept a wide variety of cryptocurrencies as payment including Bitcoin, Dash, Litecoin, Ethereum and more. This enables merchants to stay agile in the changing market and expand the basis of whom they are able to accept payment from.
The 'Munt' platform also offers access to an advanced dashboard for merchants that will let them see their analytics regarding income, manage the funds and even make a withdrawal to an address of their choice.
Mar 15th, 2018
Trend Themes
1. Cryptocurrency Payment Acceptance - Businesses can utilize 'Munt' to start accepting cryptocurrencies as payment with just five lines of code, opening up a new market for them.
2. Cryptocurrency Analytics and Management - With 'Munt's' advanced dashboard, merchants can stay on top of their cryptocurrency income and manage the funds accordingly, allowing for improved financial tracking and decision making.
3. Streamlined Cryptocurrency Integration - 'Munt's' incorporation of just five lines of code makes cryptocurrency acceptance much easier for businesses, disrupting traditional payment methods and providing a more futuristic and efficient option.
Industry Implications
1. E-commerce - Online retailers can utilize 'Munt' to enable cryptocurrency payments, opening up a new market and providing a more modern and convenient payment option for their customers.
2. Fintech - 'Munt' disrupts traditional payment methods by providing a streamlined and efficient cryptocurrency payment solution, making it a potential game-changer in the financial industry.
3. Retail - Merchants in physical stores can also take advantage of 'Munt's' easy integration and start accepting cryptocurrencies as payment, providing a more innovative and flexible payment option for their customers.
SCORE
4.1
Popularity
Activity
Freshness
Related Examples
Public Transit Data Displays
The NYC Train Sign Smart Display Reports Real-Time Data
Bitcoin Payment Chips
'Flip' Facilitates Contactless Cryptocurrency Payments
Secure Cryptocurrency Wallets
The Archos 'Safe-T' Wallet Keeps Your Digital Currencies Private
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Crytocurrency-Mining Home Heaters
The Qarnot QC-1 Channels Heat from Computing Into a Resource
Monetized Time-Sharing Platforms
'Octopus Tasks' Offers Users Money in Exchange for Small Tasks
AI Cryptocurrency Investment Assistants
The 'daneel' Assistant Helps Users Manage Their Portfolio
eSport Cryptocurrency Initiatives
Unikrn Has Seen Progress in Its eSports Crpto Betting Goals
Streamlined Cryptocurrency Portfolio Platforms
'Coinero' is Ideal for Beginner or Advanced Users
Hack-Proof Smartphones
The SIKURPhone is Built for Cryptocurrency and is Incredibly Secure
Self-Serve RFID Terminals
Token's Mini-Serve EFTPOS System Offers a Cashless Option for Events
Token recently introduced Mini-Serve RFID terminals for venues and events that use its cashless payment solutions, making it possible for event organizers to effortlessly offer a simplified payment solution.
With the plug-and-play hands-free terminal, organizers are able to accept cashless payments and top up the RFID wristbands, badges or cards of attendees at an event, without needing to rely on dedicated on-site support staff.
Due to the high cost of RFID systems, these kinds of solutions are typically only used by large-scale events—yet the accessible Mini-Serve EFTPOS system from Token allows events of all sizes to participate in the cashless economy, streamlining the way attendees pay for everything from refreshments to merchandise. As well as offering great convenience to guests, the system also offers other benefits, such as higher profitability and enhanced security.
With the plug-and-play hands-free terminal, organizers are able to accept cashless payments and top up the RFID wristbands, badges or cards of attendees at an event, without needing to rely on dedicated on-site support staff.
Due to the high cost of RFID systems, these kinds of solutions are typically only used by large-scale events—yet the accessible Mini-Serve EFTPOS system from Token allows events of all sizes to participate in the cashless economy, streamlining the way attendees pay for everything from refreshments to merchandise. As well as offering great convenience to guests, the system also offers other benefits, such as higher profitability and enhanced security.
Jul 4th, 2018
Sources: prnewswire & gettoken
Trend Themes
1. Cashless Payment Solutions - Disruptive innovation opportunity: Develop affordable cashless payment solutions for small to medium-scale events, enabling them to participate in the cashless economy.
2. RFID Technology - Disruptive innovation opportunity: Create cost-effective RFID systems that can be easily implemented at events of all sizes, expanding the usage of RFID technology beyond large-scale events.
3. Plug-and-play Terminals - Disruptive innovation opportunity: Design user-friendly, hands-free terminals that simplify the process of accepting cashless payments and top up RFID wristbands, badges, or cards at events without the need for dedicated on-site support staff.
Industry Implications
1. Event Management - Disruptive innovation opportunity: Develop innovative event management solutions that incorporate cashless payment options and easy-to-use RFID systems to improve the overall attendee experience.
2. Fintech - Disruptive innovation opportunity: Leverage fintech expertise to create secure and efficient cashless payment solutions that can be integrated with various event management systems.
3. Security Technology - Disruptive innovation opportunity: Innovate new security features and protocols for RFID systems used in events to ensure enhanced security and protect against fraud or data breaches.
SCORE
4.2
Popularity
Activity
Freshness
Related Examples
Smart Store Concepts
Suning's Biu Smart Store Shows the Future of Retail Technology
Smart Shopping Mirrors
Mastercard and OAK Created a Mirror That Works with RFID Technology
Conceptual Business-Focused Smartphones
The BlackBerry 'Network' is Built for Enterprise Use
Pillow-Integrated Travel Bags
The 'Napsak' Bag Offers Seamless Storage for Avid Travelers
Compact RFID-Shielding Wallets
The Compact Card Wallet Features Convenience in a Small Package
RFID Key-Guarding Boxes
The 'Farafix' Key Box Protects Your Car from Relay Hackers
Laboratory Tattoo Tracking Systems
The SensaLab 'Ai.Ink' Marks and Tracks Testing Animals
E-Ink Pharmaceutical Bottles
'The Med Label' Integrates an E-Ink Display for On-Demand Updates
Vegetable Leather Wallets
The Nodus Lofold Wallet Combines Compact Size with Carrying Capacity
Checkout-Free Retail Concepts
Zippin's Concept Store Shows a Next-Gen AI-Powered Shopping Platform
With artificial intelligence, machine learning and visual cognition technology, Zippin aims to introduce a "frictionless shopping" experience that will save consumers hours of their lives that would otherwise be spent waiting in lines.
To showcase the immense potential of its next-generation, checkout-free software platform, Zippin set up a concept store in San Francisco. The retail store does away with checkout lines and self-scanners entirely, making it possible for consumers to quickly enter the store and leave with their desired items paid for.
Zippin's system combines software with hardware, including overhead cameras and smart shelf sensors that are able to detect items as they are picked up or put back, even with a high degree of accuracy in a crowded setting. When it comes to making a purchase, consumers must download the Zippin app and connect their preferred method of payment to be assigned a unique key or QR code that will permit entry to the shop.
To showcase the immense potential of its next-generation, checkout-free software platform, Zippin set up a concept store in San Francisco. The retail store does away with checkout lines and self-scanners entirely, making it possible for consumers to quickly enter the store and leave with their desired items paid for.
Zippin's system combines software with hardware, including overhead cameras and smart shelf sensors that are able to detect items as they are picked up or put back, even with a high degree of accuracy in a crowded setting. When it comes to making a purchase, consumers must download the Zippin app and connect their preferred method of payment to be assigned a unique key or QR code that will permit entry to the shop.
Aug 20th, 2018
Sources: prnewswire & getzippin
Trend Themes
1. Artificial Intelligence in Retail - Zippin's checkout-free concept store demonstrates the potential for AI-powered shopping platforms to revolutionize the retail industry.
2. Frictionless Shopping Experience - Zippin's concept store showcases the disruptive innovation opportunity of creating a seamless and time-saving shopping experience by eliminating checkout lines and self-scanners.
3. Visual Cognition Technology for Retail - Zippin's system, utilizing visual cognition technology, highlights the potential for accurate item detection and inventory management in crowded retail settings.
Industry Implications
1. Retail Technology - Zippin's checkout-free retail concept presents an opportunity for companies in the retail technology industry to develop and offer AI-powered shopping platforms.
2. Smart Store Solutions - The integration of hardware components like overhead cameras and smart shelf sensors in Zippin's concept store opens up disruptive innovation possibilities for companies in the smart store solutions industry.
3. Mobile Payment Systems - Zippin's requirement for consumers to connect their preferred method of payment to the Zippin app highlights the opportunity for growth and advancement in the mobile payment systems industry.
SCORE
5.9
Popularity
Activity
Freshness
Related Examples
Autonomous Mobile Drive-Thrus
Wheelys' Moby-Store is a Self-driving Retail Space That Comes to You
Autonomous Convenience Stores
An Unstaffed 'Xiaomai' CPG Store Has Opened in Beijing
Staffless Convenience Shops
China's JD.com Plans to Launch Hundreds of Unmanned Stores
Autonomous Shuttle Buses
Stockholm is Trailing a Driverless Bus System in Its Krista District
Delivery Staff-Supporting Robots
The Deutsche Post 'PostBOT' Supports Mail Deliverers as They Work
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Shelf-Scanning Retail Robots
The Bossa Nova Robot Autonomously Keeps Tabs on Inventory
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Autonomous Retail Platforms
magia.ai Creates Natural Sales Experiences with AI Technology
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Driverless Grocery Cars
Online Grocery Store Ocado is Testing 'CargoPods' for Delivery
Self-Driving Shopping Services
This Pilot Project Lets You Take Self-Driving Waymo Cars to Walmart
Blockchain-Based POS Systems
The 'Pundi X' Helps Stores Conduct Multi-Cryptocurrency Transactions
There are now thousands of cryptocurrency-accepting shops and restaurants around the world and the Pundi X is a blockchain-based point-of-sale system that is further helping retail stores to participate in multi-cryptocurrency transactions. In partnership with Hong Kong's FAMA Group, Pundi X is now making it possible for customers to make locally sourced, organic food purchases from the restaurant chain using everything from BTC and NPXS to ADI and more.
The easy-to-install Pundi X POS device gives retailers the flexibility to offer both cryptocurrency-to-fiat and cryptocurrency-to-cryptocurrency transactions.
A growing number of global retailers are adopting convenient cashless systems, with a select few even going as far as to accept cryptocurrencies as the only form of payment.
The easy-to-install Pundi X POS device gives retailers the flexibility to offer both cryptocurrency-to-fiat and cryptocurrency-to-cryptocurrency transactions.
A growing number of global retailers are adopting convenient cashless systems, with a select few even going as far as to accept cryptocurrencies as the only form of payment.
Jul 12th, 2018
Sources: prnewswire & pundix
Trend Themes
1. Cryptocurrency-accepting Shops - The growing number of cryptocurrency-accepting shops presents an opportunity for retailers to adopt blockchain-based POS systems for multi-cryptocurrency transactions.
2. Cashless Systems - The adoption of cashless systems by global retailers opens up potential for disruptive innovation in POS solutions that support both fiat and cryptocurrency transactions.
3. Blockchain-based Payments - The rise of blockchain-based payment systems like Pundi X creates opportunities for retail stores to participate in multi-cryptocurrency transactions and attract customers seeking alternative payment methods.
Industry Implications
1. Retail - The retail industry can benefit from blockchain-based POS systems to enhance payment options and cater to the growing demand for cryptocurrency transactions.
2. Cryptocurrency - The cryptocurrency industry can leverage the adoption of blockchain-based POS systems to expand acceptance and usability of cryptocurrencies as a form of payment.
3. Food and Beverage - The food and beverage industry can explore partnerships with blockchain-based POS providers to offer customers the ability to make purchases using a variety of cryptocurrencies.
SCORE
3.3
Popularity
Activity
Freshness
Related Examples
Cryptocurrency Social Media Sites
'Belacam' Enables Users to Earn Money for Liked Photos
Social Cryptocurrency Insight Platforms
'SocialCrypto' Listens to What's Being Said About Crypto
Cryptocurrency Cashback Services
'Pei' Rewards Consumer with Up to 20% Back in Bitcoin or USD
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Counterfeit-Detecting Apps
'Peeke' Protects Brands and Consumers Using Blockchain Technology
Crypto-Based Gambling Sites
'Onlot' Rewards Players in Cryptocurrency
Chat Service Cryptocurrencies
The Kin Rewards Engine is Designed to Keep Users Committed
Cryptocurrency Confirmation Platforms
ConcourseQ Offers Communal Due Diligence on ICOs
Blockchain-Based Poverty Initiatives
Bancor is Using the Blockchain to Create Community Currencies
Decentralized Pharma Deliveries
Smart Containers' Blockchain-Powered Packages Limit Pharma Waste
Social Commerce Cryptocurrencies
Style.me's Blockchain-Based 'Me Token' is Redefining E-Commerce
Virtual styling solution Style.me is now introducing 'Me Token' as its newest project to "create the leading global social commerce economy through the blockchain."
The blockchain-based Me Token is a cryptocurrency solution that is set to offer straightforward rewards in return for activities from shoppers, influencers and brands. The Me Token is launching on Style.me's app, helping to streamline the discovery experience and path to purchase, all the while building trust with users through enhanced ownership and privacy.
With this cryptocurrency solution, Style.me aims to disrupt the current sphere of social influence by leveling the playing field for all users, no matter their follower count or income as an influencer or an aspiring influencer on social media.
The blockchain-based Me Token is a cryptocurrency solution that is set to offer straightforward rewards in return for activities from shoppers, influencers and brands. The Me Token is launching on Style.me's app, helping to streamline the discovery experience and path to purchase, all the while building trust with users through enhanced ownership and privacy.
With this cryptocurrency solution, Style.me aims to disrupt the current sphere of social influence by leveling the playing field for all users, no matter their follower count or income as an influencer or an aspiring influencer on social media.
Jul 24th, 2018
Sources: prnewswire & metoken.net
Trend Themes
1. Cryptocurrency Rewards - Style.me's Me Token offers straightforward rewards in return for activities, disrupting traditional loyalty programs in e-commerce.
2. Streamlined Discovery Experience - Style.me's Me Token on its app streamlines the shopping experience and path to purchase, enhancing convenience and efficiency.
3. Leveling the Playing Field - Style.me's Me Token disrupts the current social influence sphere by giving equal opportunities to users, regardless of follower count or income.
Industry Implications
1. E-commerce - Style.me's Me Token introduces a blockchain-based cryptocurrency solution that can revolutionize the e-commerce industry.
2. Fashion - Style.me's Me Token offers a unique way for fashion brands and influencers to engage with shoppers, leading to innovative marketing opportunities.
3. Technology - Style.me's Me Token leverages blockchain technology to enhance ownership and privacy, paving the way for further innovations in the tech industry.
SCORE
3
Popularity
Activity
Freshness
Related Examples
Blockchain-Based POS Systems
The 'Pundi X' Helps Stores Conduct Multi-Cryptocurrency Transactions
Blockchain-Powered Medical Platforms
BlockMedx Aims to End the Opioid Crisis Using the Blockchain
Centralized Cryptocurrency Solutions
'Feelium' Uses a Tokenized Platform for Transactions
Black Culture Tech Platforms
Pittsburgh Launches Blacture to Give Voice to an Understated Culture
Data-Selling Companies
Internet of Things Application Boosts Autonomy in How Consumer Data is Sold
Decentralized Payment Solutions
'Chango' Lets Users Send and Request Money without Hassle
Blockchain-Based Poverty Initiatives
Bancor is Using the Blockchain to Create Community Currencies
Blockchain Ticket Platforms
Eticket's Et4 Blockchain Platform Supports Safe & Secure Transactions
Biometric Cryptocurrency Security
The Kairos Protocol Ensures Crypto Trades are Safe and Secure
Contactless Church Donations
Paris' Saint-François de Molitor is Replacing Collection Baskets
As an alternative to using a simple basket to collect church donations, the Saint-François de Molitor church in Paris, France, is now passing around high-tech contactless payment terminals.
As the church—which was modernized in 2005—boasts seating to accommodate about 500 people, the new contactless terminals have the potential to significantly speed up the collection process. At one of the recent morning Sunday services in the church, five of the terminals were distributed throughout, alongside traditional baskets for those who had cash on hand.
Although the terminals offer a simpler way to accept payment, they mimic the original look of the baskets. The circular "digital basket" boasts a hard plastic cover, which conceals a Vivopay machine that is connected to a Samsung mobile phone.
As the church—which was modernized in 2005—boasts seating to accommodate about 500 people, the new contactless terminals have the potential to significantly speed up the collection process. At one of the recent morning Sunday services in the church, five of the terminals were distributed throughout, alongside traditional baskets for those who had cash on hand.
Although the terminals offer a simpler way to accept payment, they mimic the original look of the baskets. The circular "digital basket" boasts a hard plastic cover, which conceals a Vivopay machine that is connected to a Samsung mobile phone.
Jan 24th, 2018
Sources: cath.ch & paristholique.fr
Trend Themes
1. Contactless Payment Adoption - The trend towards adopting contactless payment options in traditional contexts like church donations is an opportunity to leverage technology and enhance customer experience.
2. Digital Payment Terminals - The growing use of digital payment terminals in all types of contexts demonstrates a trend towards the seamless integration of payment transactions in daily activities.
3. Technological Solutions for Traditional Institutions - The trend towards the integration of technology solutions in traditional institutions like churches presents opportunities for disruptive innovation in the service and hospitality sector.
Industry Implications
1. Religious Institutions - Religious institutions can leverage contactless payment solutions to improve the efficiency of their donation collection processes.
2. Payment Processing - With the growing adoption of contactless payment solutions, the payment processing industry can create more advanced technologies to meet the evolving needs of businesses and consumers.
3. Fintech - Fintech companies can introduce innovative payment solutions to religious institutions and other traditional industries that have yet to adopt digital payment technologies.
SCORE
3.5
Popularity
Activity
Freshness
Related Examples
Contactless Charging Devices
The Wattup Mid Field Can Charge One's Phone from Three Feet Away
Fare Payment Rings
The Moscow Metro is Introducing the PayRing as an Alternate Payment Method
Elegant Contactless Payment Watches
Timex's 'Fairfield Contactless' Combine Technology with Design
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Banking Payment Rings
The 'Bankwest Halo' is a Personalized Contactless Payment Ring
Music-Focused Smartwatches
The Garmin Forerunner 645 Music Watch Has Garmin Pay and More
State-Run Digital Currencies
Dubai Recently Launched an Official Cryptocurrency Called emCash
Contactless Donation Units
DONATE's 'tap+ DONATE' Boxes Easily Connects Cashless Donations
Contactless Biometric Cards
Gemalto's Payment Card Replaces PIN Codes with Biometrics
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Portable Directional Speakers
The Samsung S-Ray is a Contactless Alternative to Earphones
Prepaid Virtual Travel Passes
Google Is Testing Out Virtual Travel Passes Through Google Pay
Google has announced a new update to its pay service that will allow users to use Google Pay in conjunction with prepaid virtual travel passes. While Google Pay can already be used to pay for public transit in certain cities, including London, Kiev and Portland, those payments require a connection to a bank card connected with Google Pay. This new service is set to leverage Google Pay as a digital wallet the will work with prepaid tickets and passes.
Google's prepaid virtual travel passes will begin in Las Vegas and will allow users the chance to buy a ticket for the Las Vegas Monorail. Users will be able to purchase a ticket through the transit company's website, whether it be a one-trip ride or a seven-day pass, and can complete the transaction using Google Pay. The ticket will then be saved in the user's digital wallet and can be tapped at the stations terminal to complete the transaction.
Google's prepaid virtual travel passes will begin in Las Vegas and will allow users the chance to buy a ticket for the Las Vegas Monorail. Users will be able to purchase a ticket through the transit company's website, whether it be a one-trip ride or a seven-day pass, and can complete the transaction using Google Pay. The ticket will then be saved in the user's digital wallet and can be tapped at the stations terminal to complete the transaction.
Mar 20th, 2018
Sources: venturebeat
Trend Themes
1. Prepaid Virtual Passes - The development of prepaid passes paves the way for a shift from physical to digital ticketing, with many opportunities for mobile payment providers.
2. Digital Wallets - The integration of Google Pay into virtual travel passes presents opportunities for other digital wallet providers to offer similar services.
3. Contactless Ticketing - Contactless ticketing using virtual passes has the potential to simplify the transit experience and reduce the need for physical tickets and cash handling.
Industry Implications
1. Mobile Payments - Virtual travel passes provide an opportunity for mobile payment providers to expand their services and compete with traditional payment methods.
2. Transportation - The integration of virtual travel passes with digital wallets presents opportunities for transportation companies to streamline their ticketing systems and improve the customer experience.
3. Digital Wallet Providers - The development of prepaid virtual passes presents a potential market for digital wallet providers to expand their services beyond traditional payment transactions.
SCORE
3.4
Popularity
Activity
Freshness
Related Examples
Cashless Resort Concepts
Walt Disney World is Testing a Cash-Free Animal Kingdom Lodge
Music-Streaming Voice Assistants
Spotify Voice Assistant May Be the Beginnings of Spotify Hardware
Third Party Smart Assistants
Developers Can Now Make Device-Specific Commands For Google Assistant
AI-Powered Ad Systems
Google's 'Adsense Auto' Uses Machine Learning to Make Intelligent Decisions
Artist Curated Posts
Google Has Expanded Its Knowledge Panel To Allow For Artist Interaction
Voice-Powered Driver Assistants
The Sygic 'Driving Assistant' will be on the Ford SYNC 3 System
AI-Powered Note-Takers
The Evernote App is the Official Note-Taker of SXSW 2018
Built-In Ad Blockers
Google Chrome Ad Blocker is Hoping to Enforce Better Ad Standards on Websites
Facial Recognition Savings Apps
RetireSmart Allows Users to Access It with iPhone X's Technology
30 Retail Payment Innovations
From eCommerce Card Readers to Unstaffed Automated Stores
These retail payment innovations offer a look at the future of shopping, as more businesses are accepting payments by QR codes and digital wallets like Venmo, while others are going completely cashless and staffless.
Self-serve checkout kiosks are now prevalent in grocery stores, but the systems have not yet been adopted by retailers on a large scale in different categories due to issues like theft and age-restricted items. However, retailers of luxury goods are exploring the ways that convenience-focused retail payment solutions can be integrated for all consumers. Luxury fashion label Rebecca Minkoff uses the secure QueueHop self-checkout system and RFID-enabled apparel security tags in-store, while Imperial Cars introduced the first-ever self-checkout for car showrooms. On the issue of age-restricted purchases, the Yoti app integrates with self-service checkouts to replace an in-person ID check with facial recognition technology.
Mastercard recently unveiled a forward-thinking retail payment system that integrates its Masterpass and Identity Check Mobile with iris authentication, so that consumers may have their eyes scanned to make a secure purchase.
Self-serve checkout kiosks are now prevalent in grocery stores, but the systems have not yet been adopted by retailers on a large scale in different categories due to issues like theft and age-restricted items. However, retailers of luxury goods are exploring the ways that convenience-focused retail payment solutions can be integrated for all consumers. Luxury fashion label Rebecca Minkoff uses the secure QueueHop self-checkout system and RFID-enabled apparel security tags in-store, while Imperial Cars introduced the first-ever self-checkout for car showrooms. On the issue of age-restricted purchases, the Yoti app integrates with self-service checkouts to replace an in-person ID check with facial recognition technology.
Mastercard recently unveiled a forward-thinking retail payment system that integrates its Masterpass and Identity Check Mobile with iris authentication, so that consumers may have their eyes scanned to make a secure purchase.
Nov 25th, 2017
Self-Serve Shopping Apps
Walmart's 'Scan & Go' Helps Consumers Skip the Checkout Line
Unstaffed Automated Stores
Suning's Self-Service Stores Show Off Smart Retail Innovations
Checkout-Free Convenience Stores
The 'Amazon Go' Store is Currently in a Beta Version
Autonomous Convenience Stores
An Unstaffed 'Xiaomai' CPG Store Has Opened in Beijing
Rewarding Mobile Payment Apps
'CrayPay' Provides Cash Back to Users with Each Purchase
Digital Handbag Kiosks
Galeries Lafayette is Simplifying Bag Shopping with NFC Tags and Tables
Mobile Self-Payment Systems
Rebecca Minkoff's Self-Checkout Solution is Powered by QueueHop
eCommerce Try-On Services
ASOS is Offering an In-App Try-Before-You-Buy Feature with Klarna
E-Commerce Card Readers
Shopify Designed Its 'Chip and Swipe Reader' for E-Retailers
Express Checkout Apps
'Perpule 1Pay' Simplifies Retail Payment Systems and Reduces Queues
eCommerce In-Store Payments
Amazon Pay Lets People Purchase From Stores with Their Amazon Accounts
Scan-Based Grocery Apps
Coop Denmark's 'Bip & Betal' App Lets Shoppers Scan Items on the Go
Integrated POS Registers
The Square Register is a Sleek Device Which Caters to All Business Needs
QR Payment Systems
Inditex's Retail Payment System Will Let Consumers Pay by QR Code
Grocery Payment Apps
Tesco Shoppers May Now Use the PayQwiq App to Pay for Purchases Up to £250
Simplified Shopping Apps
Waitrose's Quick Check Implements a Scan-as-You-Shop System
Digital Wallet Retail Payments
Williams-Sonoma and Venmo are Partnering for a New Payment Program
High-Speed Checkout Stations
This 365 by Whole Foods Station Only Accepts Cards or Apple Pay
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Smiling Payment Systems
Alipay Uses Smile to Pay to Let KFC China Customers Pay With Smiles
QR Code Reward Systems
This Facebook Feature Helps Shoppers Claim In-Store Rewards Via QR Codes
Holistic Retail Payment Systems
'Square for Retail' Manages Payment and Inventory for Businesses
Retail Payment Apps
The Kohl's Pay App Consolidates Payment Details, Rewards and Discounts
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AR Shopping Experiences
Mastercard's AR Experience Lets Customers Scan Their Eyes to Pay
Mobile Payment Systems
Innisfree Has Introduced POSPi's Mobile POS Solution
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Facial Recognition Checkout Stations
Self-Service Tills Can Now Confirm a Customer's ID with Yoti
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Self-Service Car Showrooms
Imperial Cars Introduced the First-Ever Automotive Self-Checkout
Mobile Mall Wallets
Samsung Pay Members Can Now Use the Mobile Payment Card App for Online Malls
Streamlined Retail Payments
Walmart Pay Cuts on Costs and Offers More Convenience for Consumers
QR Code Payment Systems
Singapore's DBS Bank is Helping Shoppers Pay in Store by Scanning QR Codes
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Contactless Payment Keys
DS Automobiles' DS 3 Connected Chic Key Lets Drivers Pay for Purchases
SCORE
5.5
Popularity
Activity
Freshness
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