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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.

Abercrombie & Fitch Integrates Venmo Into Mobile Apps

  • Published in News Briefs
Abercrombie & Fitch (A&F) has adding Venmo to the payment options on both the Abercrombie & Fitch and Hollister iOS and Android apps. The mobile apps have become A&F’s fastest-growing digital market, with the company saying that mobile app customers are visiting the brands twice as often as the average…
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Study: Starbucks Mobile App Usage Exceeds Popular Payment Apps

Just how popular is the Starbucks mobile app? In 2018, 23.4 million people aged 14 and above will use the app to make a POS purchase at least once every six months, according to eMarketer. That’s more than the users of today’s most popular proximity-based mobile payment apps, including: Apple Pay (22 million); Google Pay (11.1 million); and Samsung Pay (9.9 million).

Venmo Debit Card Expands App’s Reach To Brick-And-Mortar Retail

  • Published in News Briefs
Peer-to-peer payment service Venmo has launched a Mastercard debit card, allowing users to pay for items in retail stores without having to transfer funds to their bank accounts. The card rollout follows Venmo’s October 2017 move to allow app payments at more than two million online retailers, according to Reuters. Venmo,…
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Peet’s Coffee Takes The Guesswork Out Of Promotions With New Loyalty Solution

Peet’s Coffee was looking to expand its Peetnik Rewards loyalty program to all 240 stores following a beta test period, but needed a more reliable platform. By partnering with Paytronix, the chain got a more stable platform, along with a bonus: detailed data about program members’ activity, which has translated into valuable marketing insights and measurable benefits. The chain moved its loyalty and stored value program to a SaaS platform from Paytronix. Within six months after a July 2017 chainwide rollout, Peet’s had achieved:

Microsoft Enters Cashier-Less Tech Race: Will Checkout Lanes Become Relics?

The news that technology powerhouse Microsoft is working on cashier-less technology that could help retailers compete with Amazon Go signals a major advance in this area. Still, questions remain about exactly what kind of solution will best solve shoppers’ checkout pain points. While some consumers may welcome a cashier-free environment, others might want more cashiers on duty to provide assistance if needed. Tech-savvy retailers are still trying to figure out the optimal way forward. Kroger has made major investments in its Scan, Bag, Go technology, which allows shoppers to scan products either with a device provided by the store or with their smartphones. The retailer is in the process of expanding the program to 400 stores, and Kroger CIO Chris Hjelm identified the technology as one of his proudest achievements of the past few years.

Too Many Products Crowd Small Screens: ‘Paradox Of Choice’ Frustrates 48% Of Mobile Shoppers

Nearly half (48%) of consumers agree or strongly agree that buying and discovering products directly from brands’ mobile sites is frustrating, according to a survey from Qubit. Instead, consumers are more likely to use their mobile devices for browsing and inspiration (61%) than for purchasing specific items (58%). During 2017, consumers could choose from more than 78 million products across 73 retail web sites in the U.S. and EMEA regions, according to Qubit. This demonstrates a “paradox of choice” for consumers and illustrates the need for retailers to focus on relevancy and discovery now more than ever.

What To Look For In Servers For POS Systems

Hospitality and retail companies face numerous hardware challenges in their highly competitive and ever-changing environments. They need highly-configurable and cost-effective point-of-sale (POS) systems that are secure and reliable. In selecting the right server for their POS system, they should look for platforms with three key characteristics: consistency, long server life and the ability to handle multiple needs simultaneously to drive down costs.

5 Best Payments Solutions For Pop-Up Shops

Who doesn’t love a pop-up shop? The quirky, short-term retail stores are on the upswing as of late, keeping neighborhoods vibrant by temporarily filling vacant spaces and giving brands the chance to show off their goods to the public — even if it’s just for two-day sprints. For customers, pop-up shops deliver an exciting experience and fill them with a sense of urgency to get the latest sales. However, that feeling of excitement could quickly diminish if a they find the shop doesn’t take debit or credit, putting an unexpected hurdle in the way of completing their purchase, and diluting the whole customer experience.

Aptos Offers Amazon Pay To Retail Clients

Aptos has partnered with Amazon Pay to enable retailer clients to offer Amazon Pay Multi-Currency as a payments option, and to extend the platform to consumers overseas. With Amazon Pay, retailers leveraging the Aptos Digital Commerce platform can now offer shoppers the option to pay for online orders using the information already stored…
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Killing Cash? Why Digital Payments, Bitcoin Can’t Finish The Job. Yet.

The global payments infrastructure is experiencing massive digital upheaval. Mobile and proximity payments are quickly entering the mainstream. Bitcoin has a market cap that could make a blue chip blush, and new retail concepts like Amazon Go and Shake Shack’s cashless store bring momentum to the theory that cash could essentially become useless in a future retail environment. The Indian government has even undertaken, and largely achieved, an ambitious digitization of its economy and financial infrastructure. But is cash really on the road to obsolescence? Not yet.

Exclusive Q&A With Mastercard Exec: Expanding Payment To Wearables, VR And Smart Home Devices

Payments are the unglamorous but absolutely necessary piece of any consumer purchase. As retail touch points have multiplied and become more technologically complex, encompassing mobile devices, wearables, and now voice, AR and VR applications, payment providers have had to keep pace. One indication of the breadth of this challenge is in Kiki Del Valle’s title: she is SVP of Commerce for Every Device at Mastercard. Del Valle, who will be presenting the session, titled Transforming How People Pay: Commerce For Every Device at next week’s Retail Innovation Conference, April 30-May 2 in New York City, revealed why payment providers need to balance innovation, consumer convenience and data security within a rapidly shifting customer journey.
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