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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.

Mobile POS Helps Chocolatier Become A Portable Business

When it comes to managing their overall retail presence, SMB owners sometimes stretch themselves too thin as they try to serve multiple areas of the business at once. Because they often have a plethora of daily tasks to address, they may be forced to use manual processes that are outdated and stall the company’s growth.

As Co-Owners of Georgia-based chocolatier M Chocolat, sisters Maritza Pichon and Marlena Snyder sought a cloud-based system that could help them track sales, vendor relationships and inventory levels without consulting a part-time IT professional.

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Synchrony Financial Integrates Samsung Pay Into Credit Cards

1samsungpayPrivate label credit card provider Synchrony Financial now allows Synchrony Bank-issued credit cards to be accessed through Samsung Pay. The new mobile payment service is expected to launch in September 2015.

Samsung Pay leverages Magnetic Secure Transmission (MST) and NFC technologies to integrate with most existing payment terminals. All of Synchrony Bank’s payment solutions and CareCredit cards, including approximately 12 million active accounts, will be compatible with Samsung Pay.

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CurrentC Launch Potentially Delayed Beyond 2015

currentcCurrentC, the mobile payments app created by the Merchant Customer Exchange (MCX), may not launch in 2015 as initially planned, according to Brian Mooney, CEO of MCX, in an interview with Re/code.

The app, which is positioned as a key competitor for Apple Pay, Google’s Android Pay and Samsung Pay, will begin a public pilot in Columbus, Ohio within “a few weeks,” according to Mooney.

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Rite Aid To Accept Apple Pay Nationwide

8Rite-Aid-Apple-Pay-800x439Ten months after disabling Apple Pay capabilities from its stores, Rite Aid announced that it will accept the mobile payment option in all 4,600 locations nationwide. Starting August 15, the retailer also will accept Google Wallet, Android Pay and tap and pay credit and debit cards.

“Increasingly, consumers are actively seeking out and incorporating mobile technology into many facets of their life, including their shopping and purchasing decisions,” said Ken Martindale, CEO of Rite Aid Stores and President of Rite Aid Corporation. “By accepting mobile payments, we’re able to offer Rite Aid customers an easy and convenient checkout process, which we know is important to them. Investing in mobile technologies is just one piece of Rite Aid’s evolving digital strategy and we will continue to explore, test and implement innovative technologies that will help us to better serve our valued customers.”

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Fred’s Investigates Security Breach On Two Servers

fredsDiscount retail chain Fred’s has revealed that a hacker gained access to two servers that process payments data after credit and debit cards are swiped. The hacker placed a malware program capable of copying payment card data on both servers on March 23, according to a company regulatory filing. The program appeared to stay active on one server until April 8 and on another server until April 24.

The malware program was designed to search for and retrieve track 2 data — data from payment card magnetic stripes including the card number, expiration date and verification code. However, Fred’s did not find evidence that the track 2 data was removed from the company’s system, according to the filing. No other customer information was at risk during the breach.

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How To Create In-Store Experiences That Keep Shoppers Coming Back

AVP site only Vend headshotFinding ways to lure people into stores isn’t as big of a challenge as some retailers may think. After all, there isn’t a shortage of ways to drive in-store traffic. There are plenty of tactics — including the use of loss leaders and PR stunts — that can lure customers into stores.

But these things, while effective, aren’t always sustainable. And this is where the real challenge lies. Any retailer struggling with improving in-store sales should go beyond gimmicks and short-term gains, and instead focus on strategies that can not only bring people in, but also get them to stay and come back.

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Epson Unveils New Products, Partnerships At RetailNOW

epsonEpson has unveiled a series of new products at the Retail Solutions Providers Association (RSPA) RetailNOW conference, which is being held August 2-5 in Orlando, Fla.

The new hardware includes the TM-m10 and TM-m30 mobile-friendly POS receipt printers, as well as three new additions to the Mobilink printer series. During the event, Epson also announced a new distribution agreement with M-S Cash Drawer.

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Stripe Now Valued At $5 Billion Following Partnership With Visa

Visa has formed a strategic partnership with online payment provider Stripe to support new technologies and online payment experiences for merchants, developers and consumers worldwide. In a recent funding round, Visa, American Express and Sequoia Capital have collaborated to invest an undisclosed sum in Stripe, which is now valued at $5 billion.

With the partnership, Stripe will accelerate its international expansion, particularly in emerging markets, accessing Visa’s global footprint through its acquiring and issuing partners. As part of the agreement, the companies will collaborate on issues related to payment security and product information, as well as e-Commerce experiences such as “buy buttons.”

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EMV ‘Money Pit’ Set To Cost Retailers $35 Billion

With the Oct. 1, 2015 EMV deadline looming, U.S. retailers of all sizes are scrambling to update their payment processing systems. However, the retailers that don’t have the resources to make the required change are left liable for any future data breaches.

IHL Group released a report, titled: EMV: Retail’s “$35 Billion Money Pit,” indicating that retailers will have difficulty handling the financial consequences of the mandated shift to EMV-enabled cards and systems.

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The Top 15 Stories Of 2015 (So Far…)

topstoriesWe’re halfway through 2015 and Retail TouchPoints already has covered a plethora of new industry trends and best practices through our features, special reports, awards programs and proprietary surveys.

While the Apple Watch and Internet of Things (IoT) turned the heads of industry analysts and retail executives in a number of articles, the final top 15 list also includes a variety of topics that are relevant to all retail businesses, such as: Pricing, inventory management, customer service and loyalty programs.

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SEKUR.me Helps Improve Mobile Payment Security

Consumers are becoming more comfortable purchasing items through their mobile devices. As retailers integrate mobile payment into their commerce strategies, they must ensure they have the solutions and systems in place to keep customer data secure.

SEKUR.me is a mobile payment platform for browser-based e-Commerce and m-Commerce that includes secure multi-factor authentication. The app’s FonePrint multi-factor authentication combines a smartphone’s hardware with user information to create a “mobile fingerprint,” providing anonymous payments for confidential purchases.

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Retail Realm Integrates WorldPay Into RMS Card Processing

SS RetailRealm ImageManaging systems and processes across the retail environment can be difficult, especially for smaller retailers that don’t have the manpower or financial resources to do so efficiently.

Retail Realm, a distributor of business software solutions, has integrated payment services provider WorldPay into its Microsoft Dynamics Retail Management System (RMS) POS offering. The integration is certified for debit, credit and gift card transactions.

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5 Steps To Being EMV-Ready

VP site only WorldpayThe EMV (that’s EuroPay, MasterCard and Visa) liability shift date is fast approaching. Effective October 1, 2015, merchants will be held liable for fraud on card-present transactions if a customer presents an EMV chip card and the merchant does not have a system in place to accept EMV payments.

While no two merchants’ needs or decisions to become EMV ready will be the same, merchants who are proactive can avoid costly fraud penalties once the liability shift goes into effect. To help prepare, consider these five steps:

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