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Square hopes to replace to cash registers and point-of-sale terminals, challenging companies like Verifone that make them.
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We are looking for ways to expand mobile phone banking and to use local merchants to accept deposits through point-of-sale terminals.
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Fitted with a card reader, tablets can serve as mobile point-of-sale terminals.
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Micros Systems focuses on the restaurant, hotel and entertainment industries, for which it makes hardware (such as point-of-sale terminals) and management software.
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The announcement comes as Visa predicts that the number of contactless point-of-sale terminals in the UK will rise by 50% to 150, 000 this year.
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To accept NFC payments or even 2-D barcodes like those used by Starbucks retailers will have to make an investment in new point-of-sale terminals.
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Even more interesting, using PayNearMe technology, 7-11 will be able to print tickets at point of sale terminals on regular receipts that passengers can use to board the buses.
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For example, imagine all the point of sale terminals at all the 8, 500 Wal-Mart Stores (WMT) around the world as they process customers who are waiting to pay for their goods.
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Micros Systems (nasdaq: MCRS - news - people ) focuses on the restaurant, hotel and entertainment industries, for which it makes hardware (such as point-of-sale terminals) and management software.
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Hess, based in New York, has already announced the sale of U.S. oil storage terminals and plans to close a New Jersey refinery as it exits the volatile refining business.
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For a bank, those channels could include automated teller machines (ATMs), bank teller terminals, Web pages, mobile apps, point-of-sale machines in retail, human-staffed call centers, and automated call systems.
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