In March, the Federal Trade Commission’s Division of Financial Practices issued a report on mobile payments. The report cited a survey of 1000 financial services, technology, telecommunications and retail executives which showed that 83 percent of respondents believe that in the next two years, mobile payments would “achieve widespread mainstream consumer adoption.”

The report goes on to detail that in the last 12-18 months, several of the country’s largest and most well-known companies, Google, Intuit, AT&T, Verizon, T-Mobile, Visa, MasterCard, VeriFone and more have entered or ramped up their presence in the mobile payment arena, and smaller start-ups have entered the fray as well.

Preparing to accept mobile payments now will ensure your business will be ready when—in the not too distant future—the majority of your customers reach for their phones instead of their wallets. Restaurant Pro Express™ and Cash Register Express™ accept payment through Google Wallet, a mobile payment system that stores credit cards, loyalty information and gift cards.

The software also integrates with Paydiant, a software-only, cloud-based solution that gives restaurants and retail stores the ability to accept mobile payments and offers using their existing POS infrastructure. Paydiant’s mobile payment platform allows banks, retailers and restaurants to incorporate mobile wallet capabilities into their own iPhone® and Android™ applications.

pcAmerica’s POS packages also work with ISIS Mobile Wallet, an ultra-secure mobile payment functionality that includes several safeguards against theft or fraud. Users are protected with a remote wallet locking function, a pin-protected wallet and secure element safeguards that protect from counterfeiting cards stored in the wallet.

Please call your pcAmerica account manager for more information about how your business can start accepting mobile payments at 1-800-722-6374.