Menu
RSS
POS / Payments / EMV

Payment has become a challenging and complicated scenario for retailers. Mobile technology, NFC and EMV offer valuable opportunities, but at a cost. Together with payment processors, banks and technology providers, merchants must uncover the best solutions for their particular business. If it’s time for a POS upgrade, then mobile POS featuring a variety of payment options must be on the table. Access the latest trend updates, news, and case studies with this up-to-the-minute coverage.

Tory Burch, Burberry Deploy Adyen Payment Platform

  • Published in News Briefs
Adyen, a global payments technology company, has advanced further into the retail market by providing in-store and omnichannel payment solutions for companies such as Tory Burch and Burberry, as well as L’Oreal, Kit and Ace and Scotch & Soda. Last year, the company’s in-store solution expanded to more than 2,700…
Read more...

All CIOs Want For 2017…Is Unified Commerce

November 25, 2016 lived up to its name for many retailers, signaling the start of holiday shopping and revenue generation. Unfortunately, for some unprepared retailers these results were disappointing. Black Friday, along with its digital cousin Cyber Monday, signaled the official launch to holiday commerce and kicked off a season to be jolly for those retailers with a robust technology infrastructure. But it was a Blue Holiday Season for those who did not sufficiently invest in the infrastructure and processes that lay the foundation for a true omni-channel shopping experience.

The Mobile Payments Landscape: Who’s Here and What’s to Come?

Mobile’s importance isn’t news anymore: 56% of online consumer traffic comes from mobile devices, but many retail marketers are still surprised by the pace of changing customer expectations and the cost and complexity of customer engagement. The advent of mobile has fractured consumer behavior into hundreds of fleeting mobile moments, while consumers’ expectations of simplicity and convenience have grown exponentially. Consequently, too many brands fail to deliver on those expectations, and that negatively affects sales.

Will Target Shoppers Embrace A New Mobile Payment App?

  • Published in News Briefs
Taking a page from its competitors Walmart and Kohl's, Target will introduce a mobile payment app this year, according to Reuters. The mobile payment space is already highly competitive, with both individual retailers and power players Google, Apple and Samsung all vying for consumer and retailer acceptance. Earlier in the decade,…
Read more...

NRF 2017: Personalization, Deep Analytics And Talking Robots

This year’s NRF Big Show did not disappoint. The show floor was busy and energetic from Sunday through the end of the show on Tuesday. Sessions were packed and the Innovation Lab area was impressive. As usual, Retail TouchPoints sent a strong contingent of editors to cover sessions, attend briefings and record video interviews with retailers, solution providers and other industry experts. Read on for our six editors’ perspectives on key takeaways from #NRF17.

When Retail Innovators Get It Right…And When They Get It Wrong

One of the hallmarks of the NRF Big Show is the onslaught of technology that just seems to get more and more robust every year. And while that’s not a shocker, sometimes it is a surprise just how much of the tech is either for show, behind the times or too far ahead of the times to have any practical purpose for years. So out of some of the more popular tech at NRF, what really checked out and what didn’t? Here's my unvarnished take:

Betabrand Spikes Average Order Values 35% With Installment Payment Plan

As an e-Commerce fashion retailer that crowdfunds and crowdsources ideas for its apparel designs, Betabrand is used to operating with a business model that’s a bit different from a traditional seller's. So it shouldn’t be a shock that the brand also presents consumers with unorthodox payment options. Betabrand partnered with payment solutions provider Affirm to offer consumers monthly installment payments over a stretch of three, six or 12 months.  Within just two weeks of offering Affirm’s financing, Betabrand’s average order value was 35% higher among consumers who checked out with Affirm versus those who didn’t.

Samsung Introduces POS Tablet Designed For SMB Retail

  • Published in News Briefs
Samsung Electronics America and payment processing provider Total Merchant Services have released the Groovv POS Flex platform designed for SMBs. Groovv POS Flex features a Samsung Galaxy Tab E 9.6” Tablet and an EMV-compliant, NFC-enabled payment processing device that is pre-programmed with software for inventory management, reporting and integrated marketing.
Read more...

Verifone Partnership Enables Shoppers To Pay Using Loyalty Points

  • Published in News Briefs
A partnership between Verifone and payment technology vendor FIS will enable shoppers to pay for purchases with the loyalty program points they've accrued via their credit and debit cards. The Verifone Points Redemption application connects to the FIS Premium Payback Network to allow third-party loyalty programs to participate. Merchants download…
Read more...

Yankee Candle Upgrades POS Across North America And UK Stores

  • Published in News Briefs
Yankee Candle has selected the Toshiba TCxWave POS solution to help modernize its in-store technology and accommodate future growth. The retailer and manufacturer will deploy 1,400 TCxWave systems across its stores in North America and the UK during 2017. “We selected Toshiba’s POS solutions to support our new retail infrastructure…
Read more...

Alipay Expands Mobile Payment App Services To North America

  • Published in News Briefs
Alipay, a digital payment platform based in China, has expanded its in-store mobile lifestyle and payments service to the North American retail market as it seeks to enhance the shopping experience for Chinese consumers visiting the U.S. and Canada. The company announced the initiative during NRF Big Show 2017.
Read more...

New Cash Management Study To Be Released At NRF 2017

  • Published in News Briefs
Are businesses wasting millions on inefficient cash management practices? New research from cash management solutions provider Tellermate finds that the average 250-location retailer could be wasting up to $5.9 million annually. The full Cost of Cash study will be released during the NRF Big Show 2017.
Read more...
Subscribe to this RSS feed