Word: credit-card
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FINANCIAL MANAGER A database that monitors credit-card receipts, purchase orders, cash transactions and checks to track equipment, machinery and materials that could be used in making...
...next natural evolution in cashless payments, after credit cards and debit cards," says Robert Pons, co-founder of FreedomPay. "Consumers want to make cashless payments at fast-food restaurants, car washes, coffee shops, convenience stores and video stores--places where you typically cannot use a card." Merchants looking to speed up service and cut down on employee theft are salivating--as are credit-card companies, which have had a difficult time grabbing a share of $10-and-under purchases...
...commerce chips, when scanned by a reader, transmit a unique code, your ID, which zips down the Internet to an account sitting in a computer at a transaction-processing company. No credit-card information is transmitted between the reader and the tag, so that information cannot be hijacked. 2Scoot bills your credit card of choice, while FreedomPay uses a debit system that deducts money from an "electronic purse" set up in advance using either cash or a credit card...
Fast-food restaurateurs are especially excited by m-commerce, which promises to inject more "fast" into their business while helping reduce employee theft and errors in making change. End-of-shift reconciliation is automatic, so there's no clumsy comparing of credit-card receipts with the register. "People can't sift through the trash and find your credit-card number," points out Joe Ely, technical officer for 2Scoot. "And they can't ring up $7 on the register, put $27 on the credit-card machine and pocket the $20." Installation of an RFID reader costs about $300--about half...
...didn't transfer well to the U.S. Most restaurants here offer many more choices, and prices change more often. San Diego software company Ameranth Technology may have solved the problem. Its wireless system allows communication between handhelds and fixed computers, so menus are instantly updated. Waiters can also process credit-card payments and print receipts right at the table--and even signal valet parking to fetch your car when you're ready to leave. Ameranth says the technology can be adapted to any service industry. It is launching a system to help hospitals dispense medicine...