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Retailers and cashlessness (In more ways than one)

Tomorrow's Transactions

Naturally, as is the case for most forward-looking of retailers, they do not take cash, so I paid with one of the many cards about my person. Perry Kramer, vice president and practice lead at consultant Boston Retail Partners, contends that as many as four-fifths of (US, I presume) retailers are already “largely cashless”.

Retail 30
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Introducing Celent Model Bank 2017 Awards

Celent Banking

Payments Replatforming – for the most impressive project to improve payments back office, e.g. payment services hub implementation or cards replatforming. For the time being, only the nominees will know if they won any of these awards, as we begin working with them to distill their achievements into a series of case studies.

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Amex Sizzles, Big Banks Fizzle And Indian eCommerce Lives Up To Its Sizzling Hype

PYMNTS

Fall has arrived in Boston and we are sizzling. In what was a huge blow for the DOJ who brought the antitrust case to court on behalf of merchants, the 66-page decision said that consumers weren’t harmed and if merchants didn’t like taking American Express cards because the fees were too high, they could just not take them.

Retail 100
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121 Of The Biggest, Costliest Startup Failures Of All Time

CB Insights

Steering the ship — handling all of the engineering, manufacturing, marketing, and retailing, even when you’re taking 90 percent of the subsequent profits — was ultimately too expensive of a proposition, especially in comparison to other, less-handholding-oriented start-ups. via Beta Boston. ” via Boston Globe. via Forbes.

Capital 78
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242 Startup Failure Post-Mortems

CB Insights

After Amazon announced in March that it was planning to shut down Diapers.com and all the other eCommerce sites operated by Quidsi, the company it acquired in 2010 — the online retailer has pulled all of the Quidsi apps from its app store. Title: Boston startup Besomebody, once featured on ‘Shark Tank,’ shuts down app.

Company 78