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Rising Popularity of Mobile Point-of-Sale Devices Skyrockets in a Growing Billion Dollar IndustryPALM BEACH, Florida, June 26, 2018 /PRNewswire/ -- MarketNewsUpdates.com News Commentary According to U.S. based market research and business intelligence company, Crystal Market Research, the Mobile Point of Sale Market (mPOS) was worth USD $9.73 billion in 2014 and is expected to reach approximately USD $46.28 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 18.92% during the forecast period. mPOS devices are expected to drive an increased usage of payment cards in Global markets, such as China, India and so forth. The global POS terminals/systems market is highly fragmented across vertical markets while a POS terminal itself enhances the shopping experience for customers by minimizing the payment processing time and provides companies with information pertaining to the sales of their respective products. Active tech companies in the markets this week include Gopher Protocol Inc. (OTC:GOPH), Verifone Systems, Inc. (NYSE:PAY), PayPal Holdings, Inc. (NASDAQ:PYPL), Square (NYSE:SQ), NCR Corporation (NYSE:NCR), Other recent and current developments in the tech industry include: PayPal Holdings, Inc. (NASDAQ: PYPL) announced recently that it has agreed to acquire Simility, a leading fraud prevention and risk management platform, for a purchase price of $120 million in cash, subject to certain adjustments. The acquisition of Simility will enhance PayPal's ability to deliver fraud prevention and risk management solutions to merchants globally. "Digital commerce has exploded, and fraudsters have taken note, adapting and developing new methods to carry out their crimes," said Bill Ready, chief operating officer, PayPal. "PayPal has been at the forefront of developing innovative fraud prevention and risk management solutions for nearly 20 years, and now, merchants will be able to configure those solutions to manage the unique complexities of their businesses. Together with Simility, we will be able to put more control in the hands of our merchants to fight fraud while helping make commerce experiences faster and more secure." According to an article published by the Motley Fool, Shares of Square (NYSE:SQ) jumped 3% to an all-time high on June 18 after New York State's Department of Financial Services (NYDFS) granted the payments company a "BitLicense", which will let New York residents buy and sell Bitcoin via its Cash App. The NYDFS, which previously granted Square a money-transmitter license, reviewed Square's app and policies regarding money laundering, fraud, and cybersecurity before granting the license. The NYDFS has only granted the license to eight other companies in the past. NCR Corporation (NYSE:NCR), a global leader in omni-channel solutions, this week announced that Lubbock, Texas-based Texas Tech Federal Credit Union has overhauled its physical and digital customer experience using NCR's portfolio of transformative banking solutions. Branch transformation requires a combination of hardware, software and services to achieve the right strategic mix of personnel-assisted and self-service channels to evolve the branch environment and deliver an exceptional customer experience. NCR has worked closely with Texas Tech FCU since 2016 to do exactly that, deploying NCR's Digital Insight™ solutions, Interactive Teller (ITMs), and now Q-Flow, a multi-channel appointment booking service that provides bank branches with advanced customer reception, interaction management, appointment scheduling and staff planning tools.
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