4 reasons to embrace AI's impact on the point of sale

Consumers are no longer tethered to the cash register -- a fact that we widely recognize and embrace. What can more often go unnoticed is that merchants are no longer tethered to the traditional POS, either. Now every point -- in time and in place -- holds the possibility to connect with consumers but also to convert into a point of sale. Retailers are highly motivated, therefore, to develop payment ecosystems that best capitalize on this opportunity-rich yet diffuse environment and to integrate it into the in-store experience. In its 2017 Mobile Business Report, Business Insider reported that in-store mobile payments will reach $503 billion by 2020, reflecting a compound annual growth rate (CAGR) of 80 percent over five years.