Walmart Canada Eyes Cannabis Industry

PYMNTS

” Earlier this year, Constellation Brands , which owns Robert Mondavi, Corona and Svedka, took a stake in Canada’s Canopy Growth — an up-and-coming player in the blooming marijuana industry. “It’s Retail canada Cannabis Cannabis Industry News walmart What's Hot

How Robots Are Shaking Up The Grocery Industry

PYMNTS

It’s a combination of the latest technology and prehistoric human need: the increasing trend of using robots in the grocery industry.

Tencent Eyes Healthcare, Connected Car Industry

PYMNTS

Chinese internet group Tencent Holdings wants to expand into industries such as healthcare and connected cars as it faces tougher regulations in its home country.

Advancing Innovation in the Global Financial Services Industry

Insights on Business

Advances in artificial intelligence (AI), blockchain, and cybersecurity are poised to transform the financial services industries. Perhaps no industry more than finance is more concerned about maintaining data privacy. IBM RegTech Innovations.

Didi Checks Into Hotel Booking Industry

PYMNTS

China’s largest ridehailing app Didi Chuxing is breaking into the hotel booking business. The news comes as the company tries to recover from two highly publicized murders of female passengers by drivers on its platform, according to reports.

How Ridesharing Is Driving Rental Car Industry Innovation

PYMNTS

In the 1960s, Avis turned to its marketing agency in hopes of tackling a challenge: the car rental company wanted to keep pace with Hertz, which was the top brand for car rentals.

Can Crypto Change The Music Industry?

PYMNTS

Others, however, have complained that a million listens on a streaming service are worth about $100 to the writer of the song, once the music industry has taken its cut. Out of The International Consumer Electronics Show (CES) last week — and with several high-profile artists and a few million new dollars in funding — music industry blockchain startup Vezt has recently captured an awful lot of mainstream attention.

When IoT And The Automotive Industry Collide

PYMNTS

The automotive industry just had a head-on collision — with technology. He explained that the automotive industry is the one place where the concepts of IoT can be made very real to the mass market — where they will be able to see it, understand it and really feel its impact. With the onset of the IoT and a greater focus on innovation, it’s clear the automotive industry is quickly moving toward the opportunity for greater efficiency, McCammon said.

Auto Industry Predicts Black Friday Sales Bump

PYMNTS

Auto industry analysts are predicting extended Black Friday deals will offer a bump in car sales this year. Reports in Reuters said industry consulting and auto shopping website Edmunds is forecasting a 3.5 It also doesn’t hurt that automakers are starting to really sweeten the deals to clear out lingering 2017s and end this year on a high note,” said Edmunds’ executive director of industry analysis Jessica Caldwell in a statement Wednesday (Nov.

Post-Equifax Breach, Security Industry Shockwaves And Tremors

PYMNTS

PYMNTS asked nine executives from a cross-section of the payments industry for their thoughts on how Equifax changes everything, and how it doesn’t. Sometimes events in the payments world are seismic ones.

Blockchain Startups Fine-Tune The Music Industry

PYMNTS

Startups specializing in blockchain may have their eye on disrupting the $15 billion music industry. According to Forbes , the music industry stands to benefit greatly from the use of blockchain technology. These inefficient intermediaries leave the industry in a position where it is ripe for disruption. The mainstream channels for music distribution in the industry face two major challenges: payments and accessibility.

UK Continues Payments Industry Consolidation

PYMNTS

continues to consolidate its payments industry, with its New Payment System Operator (NPSO) announcing the latest step in the initiative. The U.K. A press release on Monday (July 2) said the NPSO acquired the U.K. Payments Administration and has taken control of the nation’s check and credit clearing operations. The move includes the Cheque and Credit Clearing Company Limited (C&CCC) merging under the NPSO, it said.

Post-Brexit Pains Hitting Many Industries

PYMNTS

According to a new confidential industry report, the consumer side of British banking could soon find itself hard hit by Brexit. ” Europe Brexit britain economy European Union industry manufacturingJust over three months since Brexit, and the world is starting to see how it’s affected Britain and its economy. Some examples are too micro to overlook. Reuters reported that a British metalworking firm, Robert Bion & Co.,

Blockchain Tracker: Insurance Industry Feels Blockchain Impact

PYMNTS

Blockchain technology has the potential to impact nearly every industry involving money. If there was any industry that could be viewed as the definition of mundane and stuck in its ways, it would be insurance. To help better understand blockchain technology and how it is impacting the insurance industry, we sat down with global innovation platform Plug and Play ’s Principal and Director of InsurTech, Ali Safavi, and its Founder and VP, Scott Robinson.

Storage Industry Surprisingly Highly Lucrative

PYMNTS

eCommerce’s impact on the retail industry has no doubt been immense over the past decade. The cost to operate these new storage industry leases is a fraction of the profits at just $149 million. This type of profit margin has no doubt lured people into going into the storage industry for to store people’s prized possessions. Retail ecommerce News online shopping Public Storage self storage storage facilities storage industry

EY To Use Blockchain For Auto Industry, Ride-Hailing Services

PYMNTS

Ridesharing bitcoin Blockchain cryptocurrency EY food industry IBM Microsoft News Tesseract Toyota Toyota News What's HotBlockchain, the technology that makes cryptocurrency like bitcoin possible, is moving into the auto and ridesharing markets. According to a news report in Reuters , EY, the consulting unit of Ernst & Young Global, announced Wednesday (Aug. 30) it is launching a blockchain system that will let companies and/or individuals share vehicle ownership more easily.

Where is the Financial Services Industry in the digital transformation journey?

Insights on Business

I thought one panel participant explained eloquently where the financial services industry is in the digital transformation journey when he put it in terms of the incumbent bank’s relationship with fintechs.

NACHA Report: Inaugural Meeting Of API Standardization Industry Group

PYMNTS

Created in 2017, the API Standardization Industry Group has begun developing an application program interface (API) standardization “playbook” to help enhance support for payments and the business needs of financial institutions, companies, FinTechs and other industry stakeholders and participants. financial services industry — has been slow. NACHA and the Industry Group believe one of the biggest challenges is a lack of standardization.

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As Bill Payments Go Digital, The Rental Industry Still Lags

PYMNTS

The move from analog to digital — from paper to electronic payments — is an ongoing trend for a variety of industries, including construction and government. The rental industry could well be the next market to undergo that shift. More than 50 percent : That’s the amount of U.S.

Instant Gratification Upends Logistics Industry

PYMNTS

The latest victims in the crosshairs of this newly developed seamless service is the logistics industry. One of the major contributors to the upending of the logistics industry, via consumer demand, of course, is Amazon with its over 65 million Prime members. The move to closer locations is what’s known in the logistics industry as the “last mile” of delivery. This movement in the logistics industry has spurred entrepreneurs to develop innovative startups in the space.

Blockchain Tracker: Blockchain’s Impact On The Supply Chain Industry

PYMNTS

As the supply chain industry is one of the oldest businesses, it can sometimes be viewed as stodgy. While the industry has been around for well over a century, the term “supply chain management” wasn’t coined until the 1980s. Brody commented on how blockchain technology would play a role in supply chain productivity and profitability: “In almost any manufacturing and distribution-driven industry, the supply chain is how value is moved and created through the network.

TRENDING: Can mPOS Solutions Win Over Cash-Centric Industries?

PYMNTS

He explains to PYMNTS how mPOS providers can address those issues and serve taxi industry-specific needs, with features like instant settlement, multi-operator identity codes and others.

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How The Toy Industry Is Growing Around The World

PYMNTS

Sales of toys around the world are on the move: The NPD Group found that toy industry sales topped $18.4 In terms of regions, Mexico saw the most toy industry growth at 15 percent for the first half of the year. More than entertainment, brands have been an important trend to move the needle for the industry so far this year,” The NPD Group Global Toys Industry Analyst Frédérique Tutt said in a press release. toy industry rose by 7 percent to $7.9

EMV, mobile ordering upgrades challenge restaurant industry

Mobile Payments Today

New foodservice technologies — including self-order kiosks, mobile ordering and EMV-enabled payment systems — are being introduced at a rapid pace. Operators with existing POS investments need to be able to integrate new capabilities into their existing systems

The Five Building Blocks of the Automotive Industry Disruption

CU Direct

Read more » The post The Five Building Blocks of the Automotive Industry Disruption appeared first on CU Direct Blog. Lending Marketing to Members auto industry customer relationships digital disruption disruptive innovators human experience innovation

Reliance Industries To Take On Walmart And Amazon In India

PYMNTS

The race to be the dominating force in India eCommerce has another massive player entering the field: Billionaire Mukesh Ambani’s Reliance Industries Limited announced its intentions to enter the ring in Indian retail, with a platform designed to create an omnichannel experience for India consumers. Retail alibaba Amazon ecommerce Flipkart india News Reliance Industries Limited tencent walmart

Scotland Sheds Industrial Rep For FinTech Focus

PYMNTS

Scotland’s economy has excelled in industrial industries such as shipbuilding, steel and petroleum, but the country is turning its attention to developing a rising digital tech scene. Glasgow is undergoing a transformation — from industrial powerhouse to leading digital technology cluster. In this week’s installment of PYMNTS’ Weekly Tech Center Roundup , one of the country’s thriving tech clusters, Glasgow, takes center stage.

Industry Consolidation in Financial Services

Celent Banking

The analysis within each report shows a clear trend towards industry consolidation. As the industry consolidates, the majority of institutions disappearing are disproportionately coming from the lower tiers. Is the consolidation good for the industry?

Klever Logic Innovates Parking Industry

PYMNTS

Klever Logic has been making waves in the parking industry since its debut over five years ago. What attracted Goodner and other investors to Klever Logic was its potential to disrupt a massive industry that has lagged behind in upgrading its technology. “It’s It’s an industry dominated by large, multi-billion-dollar players that have been selling the same old parking technology to operators for decades,” said Goodner. “If

Loan Defaults Plague Chinese P2P Industry

PYMNTS

Investors have been withdrawing funds from peer-to-peer lending platforms amid a wave of defaults across the industry in China. Those problems, cited by research firm Online Lending House, which tracks the peer-to-peer industry, includes investors not being able to withdraw money, police launching an inquiry into a platform or owners running off with the cash. Survival of the fittest is a law that the development of every industry must respect.

Direct To Consumer: Impact On Retail Manufacturing Industry

PYMNTS

To say direct-to-consumer retail practices have had an impact on the manufacturing industry would be an understatement. With eCommerce a major proponent of the direct-to-consumer (DTC) channel and showing no signs of slowing down, the retail industry landscape has been forever changed. Zebra Technologies’ senior vice president and CMO, Jeff Schmitz, commented on the report’s findings and what it means for the future of the industry.

Self-service industry lags with EMV compliance

Mobile Payments Today

The future state of self-service is turning the kiosk into a stand-alone store, and secure payment is one of the services that needs to be offered for it to be effective, says Ingenico's John Menzel, who recently shared his insights on EMV compliance in self-service

NEW DATA: Retail Kiosks — The Next Billion-Dollar Industry

PYMNTS

According to research inside the Kiosk and Retail Report, a USA Technologies collaboration, by the time the next decade rolls around, the interactive kiosk industry market will be worth $1.073 billion. What’s more, the industry has already experienced some impressive growth, with the U.S. One might just call this the age of unattended retail.

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Aussie Accountants Brace For Industry Disruption

PYMNTS

Australia’s Institute of Public Accountants (IPA) is urging its members to “future-proof” their businesses as the industry heads toward disruption. Further, industry trends have led the traditional accountant model to become “obsolete,” reports said, meaning accountants have to embrace the more strategic role of advisor. “By

How Subscription Services Are Changing The Video Game Industry

PYMNTS

In fact, the industry saw some 7,600 games released in 2017 alone — roughly 21 games per day. Those games may mean plenty of revenue for the industry, but staying on top of all the latest titles as they hit the shelves is an all but impossible task for even the most dedicated of gamers.

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Beyond Gaming: 19 Industries AR/VR Is Poised To Transform

CB Insights

While some still see augmented reality (AR) and virtual reality (VR) as technologies reserved for hardcore gamers, many have taken notice of the considerable potential for each across a variety of industries. We take a look at 19 industries that AR/VR is poised to transform.

How Blockchain will Reshape the Financial Services Industry (Research)

Chris Skinner

The Executive Summary is as follows: From Concept to Reality: How … The post How Blockchain will Reshape the Financial Services Industry (Research) appeared first on Chris Skinner's blog.

Is Activewear Industry Finally Becoming Overstretched?

PYMNTS

After years of steady growth as other sectors of the fashion industry have declined or remained stagnant, there appear to be signs beginning to emerge that the booming appeal of the activewear industry may also be coming to an end. Last year, activewear sales grew by 16 percent, compared to a 2 percent rise in year-over-year sales for the total apparel industry, according to The NPD Group.

3 suggestions for the industry to "save" the Pays

Mobile Payments Today

But the industry could do some things to help bump adoption and incentivize merchants to accept NFC-enabled mobile payments Apple Pay, Google Pay and Samsung Pay aren't going anywhere, but U.S. consumers are not enthusiastic about using them at the physical point-of-sale.

European Commission Proposal Consolidates Power Over Financial Industry

PYMNTS

In an effort to extend the European Union’s (EU) control over the financial industry following Brexit, the European Commission released a proposal on Wednesday (Sept. 20) which stated it would transfer some of the power to oversee the financial industry from each country’s capitals to the European Commission. Regulation Brexit EU European Commission finance industry News regulation U.K.

Five Ways Data Is Assisting the Construction & Civil Engineering Industry

Dataconomy

The post Five Ways Data Is Assisting the Construction & Civil Engineering Industry appeared first on Dataconomy. BI & Analytics Big Data Data Science Featured Industry Technology & IT

The Music Industry Gets Its Merch On (Demand)

PYMNTS

Within the music industry, merchandise sales are a major driver of revenue for artists, both online and off. Retail crowdfunding ecommerce entertainment retail merchandising Music music industry on-demand commerce on-demand marketplace sku SMBs social commerce social media Teespring

Go Green Processing Launches POS System For Pot Industry

PYMNTS

Credit card processing and cash vault services for the medical marijuana industry is now available in the USA,” says Jerry Kelly, National Market Sales, Go Green Processing in the press release. . The merchant POS system is designed with an eye on giving patients and customers complete freedom to interact with the medical marijuana industry just as they do with other businesses.