Still considered an emerging market, wireless payment is the fastest growing segment in the POS industry, offering entry to new vertical markets, new merchants and new ways to increase revenue. Wireless communications not only provides the convenience to accept payment directly at the point of purchase, it also provides the means to accept card transactions in areas that lack the infrastructure required for wired transactions. Global technological advancements have driven down costs associated with transferring data wirelessly, making it an ideal means for merchants to accept card transactions.

 

Generally broken down into two categories, wireless terminals operate over short-range, while local area networks (LAN) and wide area networks (WAN) provide data connectivity over a longer distance.