May 19, 2020

Verifone Makes Paying by Mobile Phone a Possibility

Google
NFC
Mobile payments
Near field communication
Bizclik Editor
2 min
Verifone Makes Paying by Mobile Phone a Possibility

 

Check this blog out as it appears in our April Issue of Business Review Canada. Trust us, it's way cooler to read this article when you can flip through our user-friendly e-reader.

VeriFone Inc is revolutionizing the retail industry by offering new payment solutions for retailers and customers. With opportunities to leave the wallet behind, paying by mobile phone could the next popular way to make purchases.

VeriFone’s most popular mobile phone payment product uses Near Field Communication (NFC) technology. NFC is wireless technology that doesn’t require contact to connect objects. NFC capable products will connect when within four centimeters of each other. Able to transact payments, NFC technology can be used for other connections as well. Once the NFC capable, VeriFone can overtime enable seamless ways to accept contactless coupons, loyalty, rewards and more. The mobile payment package by VeriFone keeps businesses covered by providing software and firmware upgrades that the cash register equipment needs. As new technology develops, mobile payment is being rapidly adopted as an alternative compensation method.

Mobile payment technology will provide smartphone customers with a new way to make purchases. Customers will no longer feel the need to carry cash, credit or debit cards. An NFC-enabled smart phone will be the new key to purchasing on the go.

Payments made using NFC would most likely be used in physical stores or transportation services. Purchases would be deducted from a pre-paid account or charged to mobile credit cards and bank accounts directly. Parking meter or vending machine payments are other benefit possibilities for NFC mobile payment technology.

Google is rumored to be pairing up with VeriFone in the coming months to test mobile payment technology in stores around major cities. To carry out this test, thousands of special VeriFone cash register systems will be installed in city merchant locations. Google’s mobile payment tests could lead to the industry becoming more widely accepted as a new payment alternative.

Google isn’t the only company checking out the pay by mobile phone market. Other corporations are also trying to explore what these services have to offer. PayPal has recently joined with ISIS to test mobile payment opportunities in the U.S. later this year.

Obviously, wireless technology is changing the scope of the retail industry. Mobile payment adoption by retailers in the future will depend heavily on the availability of phones with NFC technology. With Google’s influence and NFC capable smartphones already in development, paying with your mobile phone in the near future seems like a large possibility.

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Jun 18, 2021

Intelliwave SiteSense boosts APTIM material tracking

APTIM
Intelliwave
3 min
Intelliwave Technologies outlines how it provides data and visibility benefits for APTIM

“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.

We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time  spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.

Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate. 

With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.

There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.

Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture. 

It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.

Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.

On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.

As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.

A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.

 

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