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In The Park. At A Kiosk. Using Digital Payments. Buying $1.6K Designer Jewelry.

PYMNTS

In response, unattended retail operators are finding new ways to embrace alternative payment methods, ranging from mobile wallets to cryptocurrencies. For many retailers, vending machines have become a critical part of the customer experience. Consumers are using less cash than ever, with the average consumer carrying just $21.

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Macy’s Bolsters Omnichannel Tech, Taps Into Subscriptions

PYMNTS

When it comes to technology, Gennette said the company is getting off-price better every day, with its backstage distribution center in Columbus now up and running. Gennette noted that the company also continues to aggressively grow the stock-keeping units (SKUs) and brands it offers to customers on Macys.com via vendor direct.

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Looking back on Money 20/20

Celent Banking

In addition to a stand-alone app, Chase Pay will also be available as a payment option inside CurrentC, the wallet that MCX has been piloting in Columbus OH, the results of which were presented and greeted with a tentative applause during another keynote at Money 20/20. LG Pay), and now Chase Pay and revived expectations of CurrentC.

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Gonzo Notes from Money20/20

Gonzobanker

If the word “Pay” is added behind any product, it can apparently become a mobile wallet. According to research firm eMarketer, there will be a 210% growth or $27 billion spend in mobile payments in 2016. By 2019, eMarketer is forecasting $210 billion in spend and estimating that mobile payments will surpass payment cards.