Citation :

Pavan Kumar Joshi, 2023. "SoftPOS Solution for Payment Processing in the US" ESP International Journal of Advancements in Computational Technology (ESP-IJACT)  Volume 1, Issue 3: 63-67.

Abstract :

This paper explores the rise and impact of Software Point of Sale (SoftPOS) solutions within the U.S. payment processing industry. SoftPOS allows merchants to accept payments using standard mobile devices, bypassing the need for dedicated POS hardware. This research provides an in-depth analysis of the factors driving SoftPOS adoption, examines the market trends, and discusses the challenges and opportunities associated with this technology. Through comprehensive data analysis, graphs, and case studies, the article aims to present a detailed overview of the current and future landscape of SoftPOS solutions in the United States.

References :

[1] MarketsandMarkets. (2021). SoftPOS Market Forecast.

[2] Federal Reserve. (2021). Consumer Payment Preferences and the Impact of COVID-19.

[3] Statista. (2023). Contactless Payment Trends in the U.S.

[4] PCI Security Standards Council. (2023). PCI DSS Guidelines.

[5] U.S. Small Business Administration. (2023). Small Business Economic Impact Report.

[6] Accenture. (2022). Future of Payments: How SoftPOS is Reshaping the Payment Landscape.

Keywords :

Softpos, Payment Processing, Contactless Payments, Mobile Payments, NFC Technology, U.S. Payment Market, Point of Sale (POS), Digital Payment Trends.