Mastercard launches new frictionless solutions for retailers & consumers: no wait, no checkout lines, and secure payments

29 august 2020

As merchants navigating the impacts of COVID-19 seek out enhanced technology for in-person engagement, Mastercard today announced a new suite of frictionless solutions for retailers to reimagine their physical shopping experience.

„Applicable and adaptable to any retail environment – from restaurants to pharmacies – Mastercard’s Shop Anywhere and AI Powered Drive Through solutions deliver low touch, high engagement experiences for retailers and the end consumer,” according to the press release. 

Mastercard is deploying these new solutions with leading retailers and sport, entertainment and hospitality partners including Circle KDelaware NorthDunkin’ and White Castle at a time where consumers are increasingly looking for touch-free ways to transact and interact in the physical setting. According to Mastercard’s Recovery Insights: Shift to Digital report, in-person shopping remains a draw, though consumers are seeking offerings that bridge the physical and digital to streamline the overall experience.

As retailers and consumers navigate through one of the most disruptive periods in modern history, it’s clear that traditional business operations will need to evolve quickly,” said Stephane Wyper, Senior Vice President, Retail Innovation, Mastercard. “We’re committed to supporting our retail partners as they look to meet the unforeseen challenges posed by this new normal and provide their customers with a more digitally enabled, touchless, and secure retail experience.


Checkout Free Shopping

The Shop Anywhere platform, supported by AI and computer vision technology partner Accel Robotics, „enables retailers to create simple, personalized shopping experiences in stores based on consumers’ needs and without compromising privacy,” Mastercard said. 

The Shop Anywhere platform improves the speed of the shopper journey by eliminating existing points of friction through robust inventory and participating shopper analytics – offering consumers no wait, no checkout lines, and secure payments. Shop Anywhere can also give shoppers access to stores outside of normal opening hours if selected by the retailer, in addition to unique and exclusive merchandise. 

Shop Anywhere can be deployed across a range of physical spaces, such as shopping malls, airports, grocery stores and apparel outlets. Mastercard is rolling out live pilots of the Shop Anywhere platform with several retail partners and beginning in October 2020:

Circle K will launch at-the-pump and in-store frictionless experiences for its consumers, enabling them to efficiently grab-and-go snacks and drinks at select U.S. and Canadian locations.

Delaware North, a global hospitality company operating at sports and entertainment venues, national parks, destinations restaurants and resorts, airports and regional casinos, will deploy standalone, frictionless food and drink stores powered by the Mastercard solution.

At a Dunkin’ restaurant testing the technology, customers can approach the store environment and pick up their coffee and donuts – walking away without any face-to-face interaction. 

A Personalized Drive Through Menu for You

The AI Powered Drive Through platform, provided in partnership with SoundHound Inc. and Rekor Systems (Nasdaq: REKR), can help quick service restaurant brands transform their drive through or drive in interactions through vehicle recognition, voice ordering, and artificial intelligence.

Consumers can receive personalized and dynamic menu offers based on historical purchasing trends either based on the store or the individual participating consumer. The solution also reduces friction within the ordering process by removing the need to wait for an employee to take an order, enabling staff to focus on order throughput. 

This technology builds upon Mastercard’s commitment to the QSR environment – last year, Sonic Drive-In prototyped an AI-powered voice assistant and personalized dynamic menu in partnership with Mastercard. The AI Powered Drive Through technology will begin on-location pilots at White Castle locations in October 2020 and will also be rolling out with other quick service restaurants later in the year. 

We are thrilled to partner with Mastercard to help retailers deliver a new world of convenience,” said Brandon Maseda, Chief Executive Officer, Accel Robotics. “Through the Shop Anywhere platform, we are helping shorten the distance between shoppers and satisfaction.”

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Gabriela Nistor – director general adjunct BT

Tendinţele pe care le-am remarcat înainte de începerea pandemiei s-au accelerat pe perioada stării de urgenţă. Am văzut acest lucru ca o oportunitate, un tipping point pentru bancă. Post-pandemie nu avem cum sa ne întoarcem la comportamentul financiar pe care îl aveam până în februarie a.c. Relaţia românilor cu online-ul s-a schimbat. In plus, cardul fizic se va dematerializa. Vom asista la o scădere a cererii pentru cardurile fizice, respectiv la o creştere a preferinţei pentru componenta digitală a acestora.”

Sondaj

In 23 septembrie 2019, BNR a anuntat infiintarea unui Fintech Innovation Hub pentru a sustine inovatia in domeniul serviciilor financiare si de plata. In acest sens, care credeti ca ar trebui sa fie urmatorul pas al bancii centrale in 2020?