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Retailers can have a Mobile Phone as an Optical Reader capable of reading paper codes/coupons and reading Mobile barcodes - the cost of such a unit can be less than Euros 150.
With the right program and application behind the reader it can do a whole lot more than simply reading money off coupons (mobile or paper and paper is going to remain prominent for some time.) Enabling retailers to easily and quickly scan coupons with secure barcodes, an application that handles the data through to payment without them having to fill their tills with tear off coupons and all that paperwork goes with getting their money back - has got to be worth considering by all parties.
Optical Reading application as described above are already possible and working (http:www.upcode.co.uk) By reading paper and mobile codes it provides a cost and time efficient solution that can be used now with codes on any printed surface or material, can read mobile codes on-screen and can also handle NFC with RFID tags too - what's the hold up?
Mark
This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Sergiy Fitsak Managing Director, Fintech Expert at Softjourn
06 January
Elena Vysotskaia Founder & CEO at Astra Global
03 January
Dieter Halfar Partner at Elixirr
Prakash Bhudia HOD – Product & Growth at Deriv
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