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Mastercard On Helping Retailers Strike The Right Innovation Balance

PYMNTS

And nowhere is that aphorism better illustrated over the last decade than with the statistic that more than 90 percent of all retail sales took place at brick and mortar stores. It gave retailers the illusion that digital was the retail cart driven by the physical store horse. Testing Innovation .

Retail 168
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Artificial Intelligence Startups Make a Splash in New York

Bank Innovation

Artificial intelligence is set to challenge traditional technologies in financial services, if the startups that demoed at BBVA Open Talent in New York today are any indication. Today’s event is one of three regional finals, from which a few Read More. The BBVA Open Talent Challenge is part of Next Money NYC.

New York 150
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US Retailers Confront Data Privacy Shifts

PYMNTS

European Union and other regions currently fighting the pande mic. Kirsten Gillibrand of New York, for example, had proposed the creation of a federal agency that would handle consumer complaints regarding privacy breaches one short month before the COVID-19 quarantine period began. Around The Data Protection And Security World.

Data 199
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Local Governments Move In On Retail Vacancies

PYMNTS

It was supposed to be a thriving retail center in Milwaukee when it was built seven years ago. In fact, last week, it was announced that the building would be the new home of the Milwaukee School of Engineering’s K-12 STEM program. Backers of the tax position it as a solution to the increasing amount of empty retail space in the city.

Retail 135
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Grocers Pilot Micro-Fulfillment Centers To Speed Up Online Orders

PYMNTS

As they aim to fill eCommerce orders faster, supermarket retailers are piloting micro-fulfillment systems that can be positioned in the back of brick-and-mortar locations or in urban areas. The project will be approximately 10,000 square feet and for an unidentified regional grocer. grocery market at approximately 3.5 Fabric, a U.S.-Israeli

Online 141
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Grocers Consider Checkout Line-Free Future With Unattended Retail

PYMNTS

To help shoppers check out without waiting in line, grocery retailers are rolling out entire stores centered around cashierless shopping experiences, enabling consumers to purchase fresh food and grocery items with a mobile payments app. ABI Research predicts that one million automated retail units will be in the Asia-Pacific region by 2023.

Retail 161
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CBD-Infused Burger Signals Higher Level Of Fast Food Innovation

PYMNTS

Recess , a CBD-infused sparkling water company, has announced that it will be available on Uber Eats for delivery to customers in New York City. QSR Innovation. In regions like the Midwest, Southwest and West, meanwhile, growth lags behind the country’s mean.