Category Archives: Newsbits

Automated Retail Systems and Retail Automation

The automated retail industry is one of the two core technology showplaces today (financial Services being #2).

    • Emerging technologies such as robotics, lockers, digital signage, vending and automated vending lead the way.   Amazon and Google revolutionize physical delivery. OuterWall has another great idea (or not).
    • More mature retail technology includes interactive displays, next-generation POS,  mobile interplay, multi-touch, kiosks for self-service, video services, and customer service technology.
    • Companion technologies include ATMs, kiosks, Advanced ATMS,  NFC and thin client.
    • Standards – here we have more regulatory guidelines in play along with more standards than any other industry. PCI, OPOS, JPOS, MPOS,  HIPAA, ADA, UL, CE just to name a few.

The truth about the death of cash

In the US, cash in circulation grew 42% between 2007 and 2012 (Credit: Getty Images) Source: www.bbc.com Read the entire article on bbc.com —  It’s tempting to forecast the demise of cash. In fact, people have been predicting the end for physical money for nearly 60 years. With the rise of credit cards, contactless payments and cryptocurrencies like… Read More »

Merchant Acquirers Think the EMV Migration Is a ‘Big Joke’

If you’ve been sifting through your wallet and counting the increasing number of chip-enabled cards you can find in there, you’re probably becoming more and more confident that EMV is finally happening in the U.S. Source: www.paymentssource.com Key basis — According to a DDPR survey of 26 ISOs and acquirers in the first quarter, only 30% had an… Read More »