Trends in Closed-Loop Payments
Barcodes have been around for decades but strangely enough, the use of barcodes in mobile payments have only recently been picking up. Starbucks has been a pioneer in mobile payments using barcodes. Walmart and CVS have recently introduced a similar solution. Because of the embedded cameras, smartphones have been always capable of reading barcodes and that is one of the main reasons why barcodes are so ubiquitous.