Payment Technology that Elevates Experiences for Merchants, Acquirers, and Consumers

Payment technology evolves. Android opened the door to new payment terminal capabilities. Now, the Next-Gen AXIUM brings more features and functions to payment solutions, such as more powerful terminals, long-life, field-upgradable devices, and the ability to certify across a family of devices. Consumers benefit from more guided, immersive experiences, and merchants have reliable devices with features that help them differentiate their businesses. Acquiring banks can leverage Next-Gen AXIUM Android payment technology to offer leading-edge, high ROI solutions that they can tailor to businesses of all sizes in all markets.

Index

In this blog, you’ll learn:

• What’s New in Payment Technology?

• How Ingenico Is Elevating Android Payment Technology

• How Next-Gen AXIUMAndroid Payment Technology Improves Experiences

• What’s Ahead for Payments?

Depending on the user's perspective, payment technology has to deliver different experiences. Consumers want convenience and the security of knowing their card data and personal information are safe. Retailers and other merchants want systems that work reliably and give them the versatility to tailor checkout experiences. Acquiring banks want to offer solutions that meet those demands while managing payment devices efficiently and securely over the long term to protect their reputation.

From the introduction of the zip-zap machine that took imprints of credit cards to countertop terminals running on proprietary software, payment technology has had the goal of meeting those demands. But even with modern systems, something was missing. Now, the latest generation of payment technology elevates experiences for consumers, merchants, and banks, and lays the groundwork for future innovations.

What’s New in Payment Technology?

Payment technology has evolved over the years to strengthen security, compliance, and performance. However, one of the most exciting advancements is transitioning from proprietary operating systems to Android-based payments. Android opens the door to broader operations on the terminal on a richer platform, using a common development language.

With Android payment technology, merchants can accept the full range of payment methods, from traditional credit and debit to contactless, mobile wallet, QR code, or other alternative payments. Merchants can also run business applications on the payment terminal, for example, seamlessly integrating loyalty rewards with payments to streamline customer interactions. Plus, because Android is the world's most commonly used operating system, consumers are familiar and comfortable with the user interface that provides them with more of a “smartphone” experience.

Ingenico launched its AXIUM line to bring flexible Android payments to market but kept innovating. Now, Next-Gen AXIUM takes payments to the next level.

How Ingenico Is Elevating Android Payment Technology

With the Next-Gen AXIUM Android payment technology, terminals have greater processing power, more memory, larger screens, and more sustainable materials. Payment experiences also capitalize on Android device capabilities, like lighting cues and haptics.

Next-Gen AXIUM also addresses terminal operation and longevity. Android payment terminals are hardened for security. In previous iterations, that meant the device had to run a particular Android version. However, Next-Gen AXIUM Android devices, the first of their kind, can be upgraded in the field. This extends the lifetime of terminals, and it also allows merchants to add new capabilities to their existing terminals without additional investment.

Acquirers and ISVs benefit from the latest generation of AXIUM with next-gen payment technology that harmonizes kernels so they’re consistent across a line of devices. This enables “family certifications” that save time while increasing confidence in the security of each device. The goal is achieving payment estates that can continually evolve rather than require extensive updates or replacement.

Ingenico is also forward-looking, developing terminals that are AI-enabled so that merchants can add advanced capabilities like computer vision and hyper-personalized service at the point of sale.

How Next-Gen Android Payment Technology Improves Experiences

Advancements in Android payment technology have benefits for consumers, merchants, and acquirers.

Flexible Android solutions give acquirers an additional advantage. Coupled with managed services and cloud-based options, acquirers can offer a comprehensive enterprise solution, allowing them to pursue Tier 1 accounts. Acquirers can also tailor solutions to specific verticals and niches to expand into new markets.

What’s Ahead for Payments?

The Next-Gen AXIUM Android payment technology from Ingenico will change the payments status quo for merchants, elevate consumer expectations for checkout experiences, and allow acquirers to offer new solutions to a broader range of merchants. But we aren’t done innovating yet.

In the future, expect biometric payments to enhance security. Consumers will use palm vein scans to authenticate their identity and authorize payments, virtually eliminating the possibility of fraud and protecting consumers’ personal information and payment data.

Additionally, expect innovation from collaboration between Ingenico and its partners. We’ll work together to solve problems and differentiate our partners in their markets, which will create richer experiences for consumers and merchants in addition to smarter ways to work.

Contact us to learn more about Next-Gen AXIUM Android payment technology that benefits consumers, merchants, and acquirers today and creates possibilities for innovations in the future.