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The days of passengers paying for rides on buses and trains using cash may be rapidly coming to a close. Old-school methods of payment processing are fading, and new mechanisms like POS terminals and wireless debit machines are taking over.
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Merchants are increasingly turning to mobile methods of payment processing such as wireless debit machines and POS terminals, as customers have quickly come to embrace their convenience.
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Wireless debit machines have already revolutionized the way we process payments for every product under the sun, and thanks to a new Canadian innovation, we’re about to see payment processing evolve in yet another avenue - parking. MacKay Meters, a New Glasgow-based startup, offers parking meters that can be paid for using only a mobile phone.
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It might not be long before all of our tablet computers become wireless debit machines. According to Mad Mobile News, the device manufacturer Lenovo is working on a new ThinkPad model equipped with near-field communication (NFC) technology, which should enable all consumers to make payments simply by touching their debit cards to a sensor.
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