BCBusiness

July 2014 Top 100 Issue

With a mission to inform, empower, celebrate and advocate for British Columbia's current and aspiring business leaders, BCBusiness go behind the headlines and bring readers face to face with the key issues and people driving business in B.C.

Issue link: http://digital.canadawide.com/i/325830

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40 BCBusiness July 2014 The technology for a wallet-free existence is here. But how ready are British Columbians to fully embrace paying with their smartphones? Smart! Get I t's lunchtime on a sunny Friday on 8th Avenue in Vancouver and the crowd of hungry office workers waiting for Neapolitan pizza from the Community Pizzeria food truck is get- ting long. The truck's custom, 850-degree-Farenheit wood-fired oven has limited capacity, which slows things down. But that's the pickup lineā€”the order line is taking no time at all. When a new order is placed, owner Michael Paul taps the total into a mobile device, and hands the device over to the cus- tomer, who swipes a credit card through a magnetic stripe reader connected to the device's headphone jack, and signs with her finger. If she wants a receipt, she enters her email address, but even with that additional step, it takes about 20 sec- onds. Paul says about half of his custom- ers pay this way. story by David Godsall photograph by Paul Joseph p040-047-MobilePayments_july.indd 40 2014-05-29 3:54 PM

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