1. Mobile payment is growing

2. More stores are adopting apps.

3. Buy online and pick up in-store is on the rise.

4. Loyalty programs are changing.

5. Social media will grow as a point of sale.

With the rise of chip cards and the need for businesses to upgrade their payment terminals, retailers have the opportunity to offer more payment options. Many EMV terminals come equipped with near field communication (NFC) capability. This technology allows two electronic devices–like a smartphone and a payment terminal–placed a short distance apart to exchange data, enabling mobile payment options such as Apple Pay and Samsung Pay. Research from eMarketer indicates that the value of mobile payment transactions in the U.S. will triple in 2016.

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