Unmanned: the self-revolution of smart POS-decrypt the payment technology behind unmanned retail

In 2017, as the first year of new retail, after a round of gaming between traditional retail and the Internet, it began to accelerate integration, and intelligent and self-service became the trend of future retail development. Internet companies and traditional retail giants are experimenting with new retails. In addition to the emergence of omni-channel retail models such as Hema Xiansheng and Super Species, unmanned retail with WithAnt and Guo Xiaomei is another path to explore.

And their common characteristics are the comprehensive informatization of the cash register and the construction of new consumption scenarios. In this process, we found that the traditional counter disappeared, replaced by a self-service shopping guide device or an APP. Payments become more natural and not even perceived. All this was only a joke four years ago when Alipay Airpay was released, and it is no surprise that face-to-face payment today is four years later.

Not only that, with the integration of various advanced technologies such as biometrics, AI, big data, cloud computing, and the Internet of Things and payment, many new scenarios have been spawned, and the industry's upgrade iterations have also accelerated. Faced with this situation, many people in the industry expressed concern: "Will the payment industry in the future disappear even the smart POS?"

Shanghai Huiyin CEO Zhu Kaishen once published an interesting discussion on this topic. As a receiving terminal, smart pos is not the final form, but the product of evolution.

In the normal payment process, identification, willingness to pay, and payment amount are the three key elements. Especially the first two items are the core of the construction of payment scenarios. The essence and significance of POS lies in the three elements of management payment. Therefore, as payment scenarios change, POS must have different coping strategies. In addition to supporting different payment scenarios through technical means, you can also adapt to new scenarios by changing your own form, such as a sensor, a camera, or any other hardware form.

Therefore, in a sense, the smart POS will disappear, but it will evolve into other forms to complete his historical mission.

Application of technical experience in the field of unmanned retail

Regardless of the type of vending machine, smart shelf, smart container or unmanned convenience store, the three-element payment management problem cannot be bypassed during commercialization. How much should be deducted when leaving the store. Since there is no human intervention, it relies more on machine identification, so the accuracy of the judgment of payment elements directly relates to commercial feasibility.

On the other hand, the completely self-service service model has very strict requirements on user experience. It is necessary to balance the business and user experience so that customers can take and leave the entire shopping link without paying.

The above are extremely challenging for Internet companies that lack experience in landing and traditional retail companies that do not have payment solutions. Huiyin, as a pioneer in the smart POS industry, has rich experience in electronic design, payment security, big data, cloud computing and other fields. All along, Huiyin actively explores cross-border applications of relevant technical experience, and is the first to launch an integrated solution for unmanned retail, providing capabilities such as accurate goods judgment, user identification, intelligent container / rack control, financial-grade payment security protection, etc. Partners quickly completed the project landing.

Based on the development trend of unmanned retail, payment scenarios will become more and more diverse. By then, the core technology and platform in smart POS will exist in any unmanned retail equipment and services due to its multi-function, security, and high integration characteristics. In other words, the future evolution of smart POS products is likely to change from tangible to intangible, and the essence of smart POS will be inherited and continued.