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Macy’s Bolsters Omnichannel Tech, Taps Into Subscriptions

PYMNTS

The department store retailer bolstered its omnichannel efforts while opening a distribution center for its off-priced business that taps into cloud computing technology; however, it struggled with inventory during the quarter. At the same time, he noted that “mobile remains our fastest-growing channel.”.

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Branches on the way out? Not for Bank of America

NCR

The bank confirmed details of its latest move to enter the state of Ohio, with the aim of delivering retail banking services in Cincinnati, Cleveland and Columbus. As well as opening new financial centers, Bank of America is set to redesign more than 1,500 sites with new features and technologies.

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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

Samsung bought LoopPay with its Magnetic Secure Transmission technology, which gives it the ability to reach merchants in a way that other wallets cannot due to having both the NFC (near-field communication) and MST (magnetic secure transmission) technologies. Lots of talk about innovation and customer experience.