New payment app combines mobile wallet and POS

A new payment platform is promising to combine beacons and Apple Pay. The technology, from startup Pay with Drop is a beacon-driven mobile payments consumer app and POS solution that lets shoppers pay for items via the app from up to 200 feet away, then pick up purchases at a designated location.

Drop encompasses loyalty, analytics, proximity market and payments, according to the company. Drop is a frictionless end-to-end beacon-driven solution. Shoppers can receive pushed messages through a merchant's proximity platform and receive recommendations, deals, discounts and rewards. Then without lining up, they can redeem, order and pay. Story