A Revolution in Payment Systems that is Occurring Even Today.

One element in the Sousa and Oz (2015) chapter 4 caught my attention.  They discussed a credit card processing system called Square, which is one that my computer tech uses when I pay him.  This is part of a revolution in payment systems that is occurring even today.  There exist two sides to payment processing, making a payment and accepting a payment.  Apple (Apple, n.d.) has created a system called Apple Pay whereby you can use your Apple device to make payments wirelessly by placing your Apple device next to a complementary payment device.

Chase Bank (Chase, n.d.) also has a payment system.  Chase covers both sides of the payment equation with the ability to both make payments and accept payments using their app on your mobile device.

These three systems provide benefits for both Fortune 500 companies as well as the small office/home office (SOHO) worker.  Now the independent knowledge worker is on an even par with larger firms in terms of making and accepting payments for products or services rendered.

References

Apple. (n.d.). Set up Apple Pay on your iPhone, iPad, Apple Watch, or Mac. Retrieved from https://support.apple.com/en-us/HT204506

Chase. (n.d.). Chase Mobile® Banking. Retrieved from https://www.chase.com/online/digital/mobile-banking.html

Sousa, K.J., & Oz, E. (2015). Management information systems (7th ed.). Stamford, CT: Cengage Learning.