Which retail payment innovation was first introduced by IBM in 1973 and used laser technology to revolutionize checkout speed and inventory management?

The history of retail payment systems has transformed how we shop. From cash registers to contactless payments, these innovations have made transactions faster, more secure, and more convenient. Test your knowledge about a groundbreaking payment technology that revolutionized retail and changed consumer behavior forever. This innovation bridged the gap between physical and digital commerce, paving the way for today's diverse payment landscape.

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Universal Product Code (UPC) barcode scanning
Electronic Funds Transfer Point-of-Sale (EFTPOS) system
Near-Field Communication (NFC) payment terminals
Magnetic stripe card readers