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.

Rancourt, Gravity Blanket Add Installment Payment Option

  • Published in News Briefs
Rancourt & Co., apremium leather shoe crafter, and Gravity Blanket, an online seller of weighted blanket and sleep products, are the latest brands to introduce an installment payment option through partnerships with Klarna. Rancourt & Co. was the first U.S. merchant to use the payments platform provider’s recently introduced Slice…

7-Eleven Adds Alipay And WeChat Pay In 35 Canadian Stores

  • Published in News Briefs
7-Eleven will provide Alipay and WeChat Pay mobile payment services to Chinese customers traveling in Canada, making it the first convenience store to accept these platforms in the market. Alipay and WeChat Pay will be available at 35 select 7-Eleven locations in Vancouver and Toronto, with plans for expansion in…

Tobi Unveils Installment Payment Plans For Holiday Shoppers

  • Published in News Briefs, an e-Commerce fast fashion retailer, has partnered with Sezzle to offer zero-interest installment payment plans to its U.S. shoppers for holiday season. On Nov. 12, and Sezzle launched an exclusive “Buy Now, Pay in 2019” campaign for all remaining orders. Tobi shoppers can choose Sezzle at checkout to…

Self-Service App Deepens Customer Connections At Fairway Market

Some retailers worry that adopting a self-checkout solution will deprive them of a key point of contact with their customers. Fairway Market, a New York City metro area chain of 15 supermarkets and four wine and spirit stores, wanted to be absolutely sure that wouldn’t happen when it deployed a self-checkout app, because the retailer prides itself on a family atmosphere and a close relationship with shoppers. The retailer is in the process of rolling out its first self-checkout app and will be seeking results that include:

NCR Acquires StopLift To Address Self-Checkout Theft And In-Store Shrink

NCR Corporation has acquired StopLift Checkout Vision Systems, an intelligent computer vision systems provider for retail POS platforms. Financial terms of the transaction were not disclosed. With the growth of Amazon Go and other competing technologies in the cashierless self-checkout space, NCR is reinforcing its focus on self-checkout solutions.

Study: Mobile Empowers Retailers To Catch Shoppers At The Point Of Intent

Brick-and-mortar retailers once feared that mobile would eat into store sales, either via “showrooming” or simply by siphoning off shoppers. But now, omnichannel retailers are discovering that they can leverage mobile to bring what had previously been online-only tools into the physical store. These tools allow retailers to deliver targeted promotions and personalization when it matters most: the moment of purchase intent. Nearly half (47%) of retail executives say their mobile strategy is to increase shopping basket size both in-store and online by catching customers at the point of intent, according to the 2018 Retail Mobility Insights report by Oracle. “If you think about the experience that consumers are looking to have, the reality is most of them are shopping with a smartphone,” said Jeff Warren, VP of Solutions and Strategy at Oracle Retail. “A number of different retailers are seeing that they have to provide a more compelling experience in-store. There’s an opportunity to blend physical and digital, and they can use the advantage that the consumer is actually carrying around a computer with them as a way to engage.”

CVS Rolls Out Apple Pay Acceptance Chainwide

  • Published in News Briefs
CVS, which once went so far as to deactivate the NFC terminals in its stores in order to thwart customers’ use of mobile wallets, now accepts Apple Pay chainwide. CVS customers with compatible iPhones and Apple Watches can use Apple Pay throughout the 9,800-store chain. In August 2018, Apple CEO…

Walmart Shoppers Will Get Cash Access From PayPal Accounts

  • Published in News Briefs
For the first time, PayPal is letting shoppers get cash from their accounts in a brick-and-mortar store. The payments company will start offering deposit and withdrawal services at Walmart stores. The partnership will allow PayPal users to put cash into or take cash out of either their PayPal accounts or…

H&M Buys $20 Million Stake In Klarna, Will Integrate Payments Platform

H&M is investing $20 million in Klarna, a Swedish bank and online payment solution provider. The investment equals a stake of less than 1% in the company. With the partnership, H&M will implement Klarna across all channels as a means to further integrate its digital and physical stores, the two companies said in a joint statement. The partnership, which spans 14 European countries including the UK and Sweden in its first phase, will go live in 2019. The deal could expand to the U.S. and Asia at some point, Klarna first told the Financial Times.

Seller Feedback Motivates Bonanza To Bring Stripe Into Payments Ecosystem

While 68% of Millennial consumers bought something via a marketplace in the last year, 51% will still abandon a checkout page if it takes too long, according to a recent Nielsen and Stripe study. Bonanza, an online marketplace where shoppers can buy and sell both regular goods and collectibles ranging from shoes to pet supplies to garden gnomes, sought to eliminate such friction within its checkout process by integrating the Stripe online payments platform. “As mobile shopping is positioned more at the forefront of e-Commerce and web sites go more into the background, buyers need to have a frictionless experience at checkout,” said Mark Dorsey, Co-Founder and VP of Business Development at Bonanza in an interview with Retail TouchPoints. “When you are visiting a site on your mobile phone and you go to checkout, and then you’re prompted to log into a PayPal account or a checkout by Amazon account if you haven’t already done so, it creates an extra step. That could result in a lost cart. It’s little things like that which make a difference.”
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