14 DAY TRIAL // Point of Sale terminals are spots where you can go and pay for a purchase, either through automated means or through a human operator.
Verifone wanted to make it possible to make payments on the go, or at least to bring the sales terminal to the man instead of forcing the man to visit the sales terminal.
The company saw the potential in Near Field Communication to allow anyone owning a sufficiently advanced mobile device to conduct online payments for, well, everything.
Product and service providers will have to steadily adopt the practice themselves, but Verifone believes restaurants will be a good start, so that's where it's sending the device.
It's called PAYWare Mobile e355 by the way. A pretty silly name, but it's doubtful that anyone's actually going to bother using it anyway.
Google Wallet, Apple Pay, and third-party players like Softcard for Windows Phone should all work with the device, since it's specifically made to work similarly to smartphones and tablets.
This also means that even if smartphones become more advanced, the portable POS will keep working and communicating with them just fine.
Unfortunately, the price will be on the high side (it's not known yet, but only larger retailers are being targeted, whatever that means) and shipments won't begin until late summer, early fall of 2015.