Which retail payment system was first introduced by IBM in 1973 and revolutionized grocery checkout by using laser technology to identify products?

The world of retail payment technology has transformed dramatically over the decades, from simple cash transactions to sophisticated contactless systems. This trivia tests your knowledge about a pivotal innovation that changed how we pay for goods and services. Understanding payment system evolution provides insights into consumer behavior, technological adaptation, and business strategy in the modern retail environment.

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Universal Product Code (UPC) barcode scanning
Radio-Frequency Identification (RFID) tagging
Near Field Communication (NFC) payments
Electronic Funds Transfer at Point of Sale (EFTPOS)