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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.

Zulily Launches Private Label Credit Card

  • Published in News Briefs
To kickstart the launch of its first private label credit card, zulily is offering one year’s free shipping for customers who sign up by midnight Pacific time on Friday, September 22, 2017. Shoppers must apply through a link in this Facebook post and be approved by zulily’s partner Synchrony Financial.…
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Chinese Consumers Favor U.S. Retailers For Overseas Online Purchases

Just over half of consumers in five Chinese cities have purchased from foreign merchants/marketplaces during the previous year, and U.S. retailers are a favorite destination: 89% of shoppers “bought American,” according to a survey conducted by PayPal. That’s nearly twice as high as the percentage for the second-place country, the UK, which attracted 46% of shoppers, and third-place Japan, at 42%. Accessories (83%) and clothing (68%) were the product categories most frequently bought from U.S. merchants.

Brick-And-Mortar Renaissance: The Time Is Now For Independents

Throughout my years in the retail tech industry, I’ve been an avid supporter of independent businesses, and brick-and-mortar was the name of the game when I started Lightspeed 12 years ago. During this time, there have been various shifts in thinking on how retailers should approach sales, build customer relationships and adapt to industry changes as we undergo a rapid evolution of technology and how consumers shop. A decade ago, the prediction from many retail experts and analysts was that brick-and-mortar was unequivocally on its way out, but that isn’t true. In my mind, it wasn’t ever about the absence of physical stores, but how to make owning and operating a shop more accessible and deliver a better customer experience.

Mastercard Brings Contactless Payments To Fitbit

Mastercard is integrating contactless payment functionalities into Fitbit’s first smartwatch, Ionic. Fitness enthusiasts using the device will be able to add their eligible cards to the smartwatch, and pay simply by tapping their device near a contactless terminal at more than 6.6 million merchant locations globally. Starting Aug. 28, users can preorder the Fitbit Ionic device, which will be available in October on Fitbit.com. The payment functionality will initially be supported in the U.S. with participating issuer banks, and will expand to other markets across the globe soon after.

Jason’s Deli Boosts E-Gift Sales 50% With Paytronix

  • Published in News Briefs
Jason’s Deli needed a new gift card services provider to turn its plastic and virtual gift offerings into strategic marketing vehicles. The casual restaurant group chose Paytronix Systems’ Store-Value platform to boost revenue and gain new customers. Since the implementation in September 2016, Jason’s Deli has seen a nearly 50%…
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Suiteness Attracts Younger Customers With Pay-Over-Time Financing

Suiteness has a unique value proposition — offering customers access to premier suites with amenities such as private entrances, personal butlers and private pools. Naturally, these types of lodgings don’t come cheap, which is one reason it’s important for Suiteness to provide customers with simple ways to finance their purchases. The company teamed up with Affirm, a financial services company that enables retailers to offer customers a variety of payment plans, to make it a reality.

Alipay Brings U.S. Yelp Reviews To Alibaba Customers

  • Published in News Briefs
Alibaba is continuing its push to help Chinese travelers connect with businesses overseas, including the U.S. The e-Commerce giant’s digital payments platform, Alipay, is integrating local content from Yelp into its mobile lifestyle app. With the beta launch, Alipay users visiting New York City, Los Angeles, Las Vegas and San…
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Vyze Raises $13.1 Million In VC Funding

Vyze has raised $13.1 million in venture capital financing in order to accelerate growth and fuel product innovation and expansion. The Series C round is led by Austin Ventures, with additional investment from Fathom Capital and Starvest Partners. Ken DeAngelis, General Partner at Austin Ventures, has joined the Vyze board of directors. Vyze’s cloud-based, multi-lender platform connects consumers with additional credit options at checkout. During the past year, the company has more than doubled its retail client base and forged new partnerships with lenders. The program is live in more than 2,000 stores throughout the U.S. in addition to e-Commerce sites and call centers.

Thisopenspace Brings POS Tech To North American Pop-Up Shops

Thisopenspace, a marketplace for short-term retail space, has partnered with Shopify to deliver the commerce platform’s POS technology to 20,000+ brands. With the partnership, thisopenspace users and Shopify merchants will have access to a network of retail locations equipped with Shopify’s Chip & Swipe Reader in the U.S., and Shopify’s Swipe Card Reader in Canada. As many as 20 of the high-traffic retail spaces will be outfitted with a retail package including receipt printers, a cash drawer, an iPad, an iPad stand and a barcode scanner.

Global Payments Acquires ACTIVE Network Divisions For $1.2 Billion

Global Payments has acquired the communities and sports divisions of ACTIVE Network, which delivers cloud-based enterprise software that helps Web users find and register for events online. The outdoors division of ACTIVE will be retained by its current owner, Vista Equity Partners. “With ACTIVE Network, we are adding an enterprise software business operating in two new vertical markets that are highly fragmented and underpenetrated with attractive growth fundamentals,” said Jeff Sloan, CEO of Global Payments in a statement. “We also are delighted to enter into a strategic partnership with Vista Equity Partners to provide payment technology expertise to their portfolio of companies.”

HP Releases ElitePOS To Bolster Functionality, Security

  • Published in News Briefs
HP has unveiled a new POS solution for retail and hospitality customers, HP ElitePOS. The solution is scheduled to be available this month direct from HP and the company's global network of more than 250,000 partners. ElitePOS supports use cases designed to make shopping faster and easier for both customers…
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NCR Launches Latest Update To Counterpoint Software Solution

The latest version of the NCR Counterpoint software solution is specifically targeted for mid-sized specialty retailers in North America, offering an updated user interface that is designed to add several usability improvements along with a modern look and feel. The NCR Counterpoint software includes POS, inventory management software, customer loyalty, automated purchasing and configurable reporting capabilities.

Concardis Expands Payengine E-Commerce Product Portfolio

Payment service provider Concardis has expanded its e-Commerce product line with two platforms: Payengine Paylink and Payengine One Page Shop. Concardis developed Payengine Paylink specifically for companies that previously have only worked with cash payments or invoices: they can now send payment links to their customers via email, text message, WhatsApp or even social media channels.
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