Bringing Biometric Payments To Retail

PYMNTS

Amazon is reportedly testing a biometric payment system with a handful of customized vending machines for employee use. workers is engaged at some level with the gig economy, and most of them hope that instant and faster payments continue to grow in scope.

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Mobile Payments 101: Retail

Mobile Payments Today

The world of mobile payments has changed significantly over the past decade – and particularly over the past few years as smartphones and other mobile devices have become ubiquitous. In this report, we will review some of the main themes and trends in the mobile payments market

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Beyond Unattended Retail, There’s Unattended Payments

PYMNTS

In an interview with Karen Webster, Will Byrne, CEO of omnichannel solutions provider Worldnet , pointed to what he termed the “Uberization of the payment experience.” Use cases span the gas pump, the retailer’s aisle, the kiosk and, of course, online.

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Digital payments and the retailer

Mobile Payments Today

Some retail outlets are experimenting with moving to digital payment-only operations. As non-cash payments become the norm, some retailers, particularly in hospitality, no longer accept cash. While there are downsides to managing cash, what are the pitfalls of refusing to deal with it

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How Retailers Are Gearing Up For Contactless Payments Via mPOS

PYMNTS

With the use of contactless payments heating up around the world, small and mid-sized businesses (SMBs) and their solution providers have to prepare for their acceptance. Last year, however, contactless payments in the United Kingdom alone jumped by a whopping 31 percent over the prior year.

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Why Retailers Need Better Payments To Boost Mobile Retail App Appeal

PYMNTS

As long as checkout and payments are part of the plan. In one sense, that describes the situation for mobile commerce — specifically, retail apps — as 2020 looms. New research from PYMNTS and LISNR digs deep into consumer views of mobile retail apps. The best is yet to come.

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Reducing Uncertainty In Retail And Payments

PYMNTS

Brexit looms , and issues related to payments and commerce are still getting worked out – though some clarity is emerging. Today In Data Commerce fraud Innovation News payments Retail Security Today in Data

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Can Amazon Bring More Climate Action To Retail And Payments?

PYMNTS

So goes Amazon, so goes most of the rest of the retail world, with the eCommerce operator’s influence also extending to payments. Amazon climate change Environment News payments Retail Sustainability trends

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How Unattended Retail Sells Loyalty

PYMNTS

Retailers put together window displays and signs to create enticing storefronts, engage customers via social media and send printed ads through the mail. Unattended retail hardware and software can achieve more for merchants than simply vending products in a self-serve manner, Ning said.

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Legal Cannabis Retail Innovates Its Way Around Payments Knot

PYMNTS

Legal marijuana may have a massive payments problem, but that’s not stopping retail innovation in perhaps the newest area of legitimate commerce in the U.S. Other figures also point to how much consumers are spending on legal retail pot. Big Retail.

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Why Sweden is Dominating the Retail Payments Industry

Bank Innovation

Many countries have joined the rush to go cashless by promoting wider adoption of digital payments and legalizing cryptocurrencies. Payments Retail cashless cryptocurrencies Mobile Payments online payments P2P payments retail payments

How Unattended Retail Is Shaping Retail’s Future

PYMNTS

The world of unattended retail has come a very long way in a very short time. Less than a decade ago, the unattended retail space was more or less defined by vending machines. Until very recently, unattended retail really wasn’t an innovation-focused space.

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Legislators move to ban cashless payments at retailers, restaurants

Mobile Payments Today

A backlash against cashless retailers and restaurants has spurred legislation in multiple cities and states to force them to accept cash payments

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Payment And Retail Integration Flows From Many Digital Fronts

PYMNTS

One of the main goals of digital payments and retail is to encourage seamless connections – and not just when it comes to transactions. Smart operators are figuring out how to integrate payments into not only the workforce, but also the workflow.

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Beyond Registers — What’s Next For Retail Store Payments?

PYMNTS

Is the store register on its way out in favor of other retail and payments innovation? In case you didn’t hear, Target faced a register outage that lasted for about 90 minutes on Sunday (June 16), which meant the retail chain couldn’t process cards or other forms of payment.

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For Retailers, Getting Ready For Automation

PYMNTS

In an interview with PYMNTS, Tim Moran, senior vice president of product and marketing at Worldnet , told PYMNTS that the age of automated retail is dawning — but there is no one-size-fits-all approach. The tech savvy consumer, he told PYMNTS, expects choice and autonomy in a retail setting.

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Connected Vehicles And The Future Of Retail

PYMNTS

The future of retail is playing out in multiple places, including the open road, while voice will help capture the connected commerce frontier. In B2B payments, a series of payment innovations is promising to put an end to some common frictions.

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Why Search And Logistics Will Shape The Future Of Retail Payments

PYMNTS

The two most powerful forces shaping the future of retail payments have nothing to do with payments at all. Retail commerce has had many evolutions over the thousands of years buyers and sellers have engaged in trade. Digital Transforms More Than Payments.

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Why Retailers Are Crowdsourcing Delivery

PYMNTS

The general experience can apply to retail goods, including groceries. After all, the principle is the same, no matter the retail sector: using a digital platform that crowdsources from big commerce ecosystems to provide more efficient deliveries of goods. Retail Benefits.

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Mastercard Teams With Clothing Retailers To Enable Digital Payments For Factory Workers

PYMNTS

Mastercard is aligning with clothing retailers in a global effort to digitally pay factory garment workers to ensure they consistently get paid, the company said in a press release on Thursday (Sept.

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Can Digitally-Read Emotions Play a Role in Payments and Retail?

PYMNTS

Emotions play a significant role in all human endeavors, and that certainly goes for payments and commerce. Indeed, the role of emotions in payments and commerce in this digital age looks sure to grow even more.

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North American retail payments: Position to win with five big bets

Accenture

When I look at the retail payments market, I see all the attributes that any strategist worth his salt would love: It’s large, growing, profitable and accessible. The post North American retail payments: Position to win with five big bets appeared first on Accenture Banking Blog.

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TRENDING: Real-Time Payments Networks — For Real In Retail?

PYMNTS

financial players are still exploring the best practices to offer faster payments to corporate clients. A recent survey of 20 of the nation’s top-60 banks found that there’s a lack of consensus among banks when it comes to managing and charging businesses for real-time payments.

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Retailers, payment platforms unveil mobile technologies to raise omnichannel game

Mobile Payments Today

Retailers, payment technology providers and others are rolling out new services to make it easier to complete transactions on mobile platforms

Automated Retail’s ‘Fast And Frictionless’ Ambitions

PYMNTS

However, automated retail is shaded with nuance beyond the confines of science fiction and futurism. In an interview with John Clarke, chief innovation officer and co-founder at Worldnet Payments , it is not technology that is changing consumer behavior.

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Square is growing its platform into a one-stop shop for retailers

Bank Innovation

Square, which is best known for its physical and digital payment solutions, is building out its product ecosystem to manage nearly all of the operational needs of retailers.

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Matching Retail And Payment Perceptions To Realities

PYMNTS

One might assume every business that wants to innovate around payments is doing so – but actually, in some verticals , those innovations are harder than others. trillion: The projected value of payments done in cash in the Middle East by 2021.

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Retailing The Automated Way

PYMNTS

The headlines may seem to gravitate toward Amazon Go and the cashless store debate, but automated retail efforts are seen across any number of vendors and settings – from vending machines to big box stores to delivery services. that can accept cashless payments.

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Savvy Online Retailers Add Connected Consumer-Friendly Payment Options

PYMNTS

And, whether a service offers streaming or on-demand delivery, it needs to make purchasing and payments as seamless as possible for the consumer. These are just some of the ways that these merchants are evolving to meet the commerce and payments needs of the modern-day connected consumer: .

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Small business mobile banking adoption higher than retail

Bank Innovation

consumers may be hesitant to adopt mobile payments, small businesses are more open to it. Power study reports that mobile banking adoption for small business owners has surpassed adoption for retail banking customers. While U.S.

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Automated Retail Speeds Up Delivery And Checkout

PYMNTS

Automated retail might conjure up images of robot cashiers, but beyond a few convenience stores in Japan and Korea, that sci-fi development hasn’t yet become reality for the wider world. The automated retail landscape in the U.S. The most familiar unattended retail model in the U.S.

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Retail’s Voice-Assisted, Meatless Summer

PYMNTS

As PYMNTS prepares to BBQ and drink sangria and maybe even hum some union solidarity anthems in honor of this holiday weekend, we ask you to take a few moments to join us on a “greatest-hits tour” of this past summer of retail. One example was provided by retail chain Urban Outfitters.

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Trending: The New Face Of Kiosk Retail

PYMNTS

The August Automated Retail Tracker examines all the latest ways that supermarkets and other retailers are implementing technologies to provide more robust, high-speed services. Around the Automated Retail Wo rld.

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Retailers Ask The Fed For Real-Time Payments

PYMNTS

The system may eventually shorten the lag time between when a shopper pays with a debit card to when the funds arrive at the retailer, The Wall Street Journal reported. But such a payments system would face some challenges.

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Restaurants, retailers rethink cashless as financial inclusion takes center stage

Mobile Payments Today

Retailers and restaurants are reconsidering their payment policies as cities and states continue to push for legislation that would require merchants to accept cash

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Retailers Get Ready For More Mobile Commerce Innovation

PYMNTS

Retailers need to work harder to get more consumers to download mobile commerce apps, one of the main areas of focus for retail going into the 2020s. In all, some five million apps – retail and other types – are available for download.

Online Retailers Face New Threats From Hackers

PYMNTS

Death, taxes and data breaches – those are perhaps the only sure things in life, and new evidence is emerging that hackers are finding increasing profit in targeting online retailers. That’s hardly the only recent hack involving online retail activity, nor the only form of such criminality.

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How Retailers Drive Innovation With Subscriptions (And Payments)

PYMNTS

Brick-and-mortar retailers, as well as online merchants, are offering consumers all sorts of products and services through the subscription business model, from movies to tea. And retailers are offering innovative subscriptions for all sorts of products.

Legal Pot Starts Pulling Its Retail Weight

PYMNTS

Trends in legal cannabis retail are just now emerging, and fresh numbers from Colorado are providing insight into how the industry is evolving. Other figures also point to how much consumers are spending on legal retail pot. Payments Progress.

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Taking On Sharing Economy Trust, Luxury Retail Evolution With Innovation

PYMNTS

And in retail, luxury and upscale commerce is undergoing significant changes as holiday shopping kicks off and a new decade nears. Today In Data Commerce data Fraud Prevention Innovation luxury retail News payments Retail sharing economy Today in Data trust

Today In Data: Digital Retail Innovation

PYMNTS

New technologies bring new opportunities to serve consumers, and retailers are offering their customers more digital options than ever to meet their wants and needs. 56 percent: The percentage of retailers that say they innovate to meet consumer demand for new payment methods.

In UK, Late Payments Report Finds Fault With Big Retailers

PYMNTS

The scope of late payments in the United Kingdom continues to be illuminated across government reports. Among the names cited in the report, retailers WHSmith has payment terms that have stretched between 90 days to 120 days, and Boots has terms that range from 75 days to 120 days.

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Retail Innovation Has Changed — Can SMBs Keep Up?

PYMNTS

Still, it’s striking — or, perhaps, significantly hopeful, in a retail sense — that 65.4 percent of retailers have said they innovate to improve customer loyalty. Payments Drives Innovation. Turn a point of interaction into a payments capable device,” he said.