Innovative Sales Models And Technologies In Retail

PYMNTS

And in tech, virtual reality (VR) and augmented reality (AR) are starting to make more significant gains in the retail world. 1.8B: Amount that virtual reality will generate through retail and marketing in 2022.

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

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Why Retailers Are Making mPOS Technology A Top Priority

PYMNTS

In the age of digital payments, mobile point of sale systems (POS) are making inroads with the promise of time-saving conveniences for merchants. But interest in this technology is not limited to the food and beverage space, and is gaining traction in many different verticals.

How self-service technology and digital payments are impacting retail

ATM Marketplace

Self-service technology allows retailers to meet customer expectations established by the pioneering tech efforts of brand's, like Starbucks. These installations take diverse forms, a CES panel demonstrated

Driving Retail Innovation With Digital Technology, DTC Models

PYMNTS

In retail, the Flat Tummy Instagram brand was able to make an effective algorithm that could accurately predict the effect an influencer would have on pushing its line of teas. Today In Data Commerce data digital DTC Innovation News payments Retail Technology Today in Data

Retail’s 2020 Digital-First Payments Roadmap

PYMNTS

Consumers have always influenced how payment methods evolve – stretching back centuries to the barter system, and extending, now, into the digital age. And as payments are done in bits and bytes, across all manner of use cases, consumers prize convenience and personalization.

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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 Currency Eyes Wholesale — Not Retail — Payments Down Under

PYMNTS

As part of those efforts, the lab is being used to explore “whether there is a role for a digital Australian dollar — that is, an Australian [central bank digital currency (CBDC)] — in the context of the bank’s responsibilities for issuing the currency and overseeing the payments system.”.

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Can Technology Save Bank Branches?

Bank Innovation

Corporate DataBank Mobile Online Open Fintech Operations Payments Premium Retail Bank of America DBS Bank HSBC SamsungPREMIUM - When was the last time you went to your bank branch to deposit money? Still thinking?

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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How Technology And Market Trends Spawn Innovation

PYMNTS

In restaurant technology, cloud kitchens have emerged as a new model driven by the rise of online ordering. 96 percent: Share of retail banks that plan to develop services focused on real-time payments by 2020.

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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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Renting Furniture, Smartphone Chargers With Retail Innovation

PYMNTS

Furniture is helping to build a larger retail ecosystem, with the value proposition of Oliver Space centered around providing furnishings, along with design help, to consumers who are moving.

Blockchain Tracker: Technology’s In Retail

PYMNTS

Blockchain technology is slowly slinking through the aisles of retail business. Walmart is using it for tracking product and pork , and analysts are placing side bets on Overstock using the technology. More and more blockchain startups launched in 2016, and investors are starting to seek out companies incorporating blockchain technology.”. Ultimately, payments will continue to become cheaper and faster,” said Shihara. “As

Omnichannel Moves Beyond Retail

PYMNTS

That’s when there is generally another point of frustration and friction: checking out after the dental work, perhaps giving over a payment card and signing up for another appointment. Omnichannel is a word that has been bouncing around payments and commerce for some 20 years.

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Why Retailers Are Crowdsourcing Delivery

PYMNTS

That includes, as Roadie CEO Marc Gorlin said, a Delta ticket agent in the California Bay Area who, through Roadie’s digital technology, delivers misplaced bags to travelers who happen to be located along the route that the agent uses to drive home after shifts. “He Retail Benefits.

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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. The Technology Element.

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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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USAT: Unattended Retail’s (Dawning) Age Of Self-Serve Ubiquity

PYMNTS

Evolution is the hallmark of everything that survives over a long period of time — and so it should come as no surprise that unattended retail has evolved, too, over more than a century since the first coin-operated vending machines made their debut in the late 1800s.

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The High Stakes Of Supply Chain Technology

PYMNTS

Supply chain management has morphed into a strategic business initiative combining technological adoption, event forecasting and even politics: awareness of its complexities has never been higher thanks to threats of a trade war between the U.S. Technology to the Rescue — Maybe.

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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Why Visually Enabled Retail Is Fast Coming Into View

PYMNTS

It’s not only shopping that is getting more visual via new and emerging technologies, a trend that promises to get more intense in the 2020s, especially with the deployment of 5G mobile network technology. The company is also bringing its mobile computer-vision technology to healthcare.

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Measuring Technology’s Promise Against Its Progress

PYMNTS

There is no shortage of wonders in payments and commerce, which are advertised as the next big disruption in how consumers transact. Instant payments, voice and visual search, AI/ML digital card management – there are all kinds of promising possibilities.

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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Traditional FIs Now Driving Cashless, Contactless Payment Adoption, USA Technologies Says

Bank Innovation

EXCLUSIVE— Contactless, cashless payments are on the rise in retail, driven forward as payment companies like Mastercard and Visa increase support for these solutions. USA Technologies, a payments company, has a market capitalization of […].

Why Amazon And Other Retailers Are Turning To Biometrics

PYMNTS

Retail keeps embracing numerous new technologies, and biometrics is not only one of them, but an area of recent growth and development, including via some of the biggest names in commerce. As per the New York Post, the technology was set to make a wider appearance before too long.

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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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Brex Teams With Magento For Technology Partnership 

PYMNTS

Credit card startup Brex announced it is teaming with the Magento Technology Partner program, which is part of Adobe , in a press release Thursday (Aug. Benefits of the Brex eCommerce credit card include an open line of credit, 60-day payment terms and interest-free financing.

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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USAT: How Emerging Tech Is Forging Unattended Retail’s Future

PYMNTS

To boost the bottom line and get consumers interested, actively engaged and ready to spend, retailers have increasingly been turning to advanced technologies such as artificial intelligence (AI) and machine learning to fine-tune businesses — in real time.

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Mastercard On Helping Retailers Strike The Right Innovation Balance

PYMNTS

And nowhere is that aphorism better illustrated over the last decade than with the statistic that more than 90 percent of all retail sales took place at brick and mortar stores. It gave retailers the illusion that digital was the retail cart driven by the physical store horse.

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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Virtual Reality: 5G Retailers’ Secret Sauce?

PYMNTS

Out of the haze of uncertainty emerged a new mobile network, and from the new mobile network came new retail applications and experiences, all taking advantage of the faster speed of the technology, and the potential to reduce friction. 5G Retail Deal. VR Retail Growth.

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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.

Data shows smaller FIs are far behind because of weaker mobile technology

Bank Innovation

Carousel Innovation Strategy INV Fintech Payments Retail BankingSmaller banks and credit unions are under increasing pressure from larger banks and tech-centric financial services companies.

Vietnam’s Vingroup To Exit Retail For Industrial, Tech Focus

PYMNTS

18) it will be exiting from its retail business to focus on becoming a technology and industrial company. The company has decided to completely withdraw from consumer retail, according to published reports. Vietnamese conglomerate Vingroup announced on Wednesday (Dec.

Visa Tap To Phone Expands POS Acceptance For Retailers

PYMNTS

Tap to Phone enables sellers with Android phones to accept contactless payments without the need for additional devices or peripherals. Acceptance, that is, on the receiving end of the payment methods that buyers – both people and businesses – want to use when transacting.

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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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Meet the New Technologies Demoing at Bank Innovation 2017

Bank Innovation

Commerce Compliance E-Commerce Mobile Online Payments Retail Risk Security Startups Technology Alloy Bank Innovation 2017 BeSmartee Blispay Deloitte Eyeprint ID Fiserv PayKey SizeUp SnapCheck teller

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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How Merchants Navigate Tax Collection Complexity With Technology  

PYMNTS

eCommerce firms are navigating a tax collection environment that increasingly requires technology and automation to ensure compliance. In corporate payments news, Citi is tapping into application programming interface (API) calls to make treasury ops real-time.

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Retailers lag on EMV card technology transition, study reveals

Mobile Payments Today

Some 42 percent of retailers have yet to update payment terminals to be EMV compliant

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Tencent To Bolster Smart Retail, International Investments

PYMNTS

After investing in over 800 firms, Chinese tech company Tencent Holdings said it would bolster its international investments and in industries like “smart retail.” Retail china Investments News Tencent Holdings What's Hot

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