“Honeywell Smart Pay gives sales associates and service employees the power to finalize payments on-the-spot in retail, parcel delivery, public transportation services and other businesses where mobile payment can be used,” the company said in the release.
Nonetheless, it’s a little late to the game with its new software strategy. Honeywell is jumping into a fiercely competitive ring, taking on companies with extensive experience in taking payments in mobile environments, including Block’s Square and PayPal. Those competitors are also constantly enhancing their offerings.
