Gigaom – 10/29/14: Companies like Square and Shopify are trying to overturn the traditional model of credit card transactions with new hardware, user-friendly tablet interfaces and out-of-the-box payment processing services. It’s rare to see a company actually trying to work within the old-school realm of traditional payment networks, characterized by clunky card-swipe terminals, printed receipts and direct bank relationships. Yet a Palo Alto startup called Poynt is coming out of stealth to do just that. It’s trying to reinvent with the traditional point-of-sale terminal using the latest technologies and development principles coming out of the financial startup community.
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