Which payment technology was first introduced by IBM in 1973 and revolutionized retail by enabling electronic data capture at the point of sale?

The way consumers pay for goods has dramatically transformed over the decades, shaping retail strategy and customer experience. From cash registers to contactless payments, each innovation has solved specific pain points while creating new opportunities and challenges for retailers. Test your knowledge about the technological milestones that have revolutionized how we complete transactions in the retail world.

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Universal Product Code (UPC) barcode scanning
Electronic Funds Transfer at Point of Sale (EFTPOS)
Near Field Communication (NFC) payment terminals
PIN-based debit card readers