Mashgin Introduces a New AI-Powered Checkout System with Verifone
Kanesa David — July 18, 2024 — Tech
References: mashgin & cspdailynews
Mashgin, an innovative leader in artificial intelligence (AI)-based self-checkout systems, is joining forces with Verifone, a global pioneer in payment solutions.
The core of this innovation lies in Mashgin's advanced AI and computer vision technology, which boasts an impressive 99.9% accuracy rate in item recognition. Unlike traditional checkout systems, Mashgin's kiosks allow customers to place their items on the kiosk tray, where the AI system instantly identifies and totals them without scanning barcodes. This seamless process dramatically reduces checkout times and minimizes friction, providing customers with a smooth and efficient experience.
“Our goal is to enable as many retailers as possible to cut lines and empower their staff by adding a convenient self-checkout option,” said Jack Hogan, senior vice president of partnerships at Mashgin. “The integration with Verifone’s industry-leading Commander system will make Mashgin an attractive option for tens of thousands of convenience retailers in the United States and abroad.”
Image Credit: Mashgin
The core of this innovation lies in Mashgin's advanced AI and computer vision technology, which boasts an impressive 99.9% accuracy rate in item recognition. Unlike traditional checkout systems, Mashgin's kiosks allow customers to place their items on the kiosk tray, where the AI system instantly identifies and totals them without scanning barcodes. This seamless process dramatically reduces checkout times and minimizes friction, providing customers with a smooth and efficient experience.
“Our goal is to enable as many retailers as possible to cut lines and empower their staff by adding a convenient self-checkout option,” said Jack Hogan, senior vice president of partnerships at Mashgin. “The integration with Verifone’s industry-leading Commander system will make Mashgin an attractive option for tens of thousands of convenience retailers in the United States and abroad.”
Image Credit: Mashgin
Trend Themes
1. AI-powered Checkout - AI-driven checkout systems eliminate barcode scanning, allowing for instantaneous item recognition and faster transactions.
2. Seamless Retail Experience - Retailers adopting AI and computer vision technology can significantly reduce consumer friction at checkout points, enhancing overall customer satisfaction.
3. Automated Self-checkout - Automated self-checkout solutions powered by AI can minimize the need for manual intervention, enabling a more streamlined shopping experience.
Industry Implications
1. Retail - The retail sector stands to benefit greatly from AI-powered checkout systems that enhance efficiency and customer experience.
2. Payments - AI-driven payment systems integrated with existing solutions can revolutionize transaction processes across various retail environments.
3. Technology - The technology industry is being reshaped by advancements in AI, particularly in applications like computer vision for commercial use.
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