Amazon has a new brick-and-mortar bookstore in Seattle. It’s like every other bookstore, save for one really annoying feature.
Source: www.businessinsider.com
Where is ESL technology when you could use it. Reminds us of Costco and their catalog (no prices).
Goldman Sachs notes in a research note sent to clients today, that bitcoin might just be the “opening act” for blockchain technology.
Source: www.coindesk.com
One big draw for GS is that time to close and transaction costs for that will be greatly reduced. Collecting money will be quicker and sometimes people only have the cash for the moment. Get it while it is there now is GS tactic.
Malware designed for POS insertion is getting only more dangerous. Plus tablets being infected at time of manufacture. The cyber criminals never sleep.
Source: www.theexaminer.com
This new ModPOS malware has taken advantage of a flaw in the internal in-store processing of debit and credit transactions still using magnetic stripes as well as using the new EMV Chip and Pin cards; the processing flaw, now known to the retail industry, is that the internal processing systems utilized by many major retailers does not support end-to-end encryption, and does not also properly encrypt data in memory, allowing that data to be captured and sent to distant cyber crooks. According to iSIGHT, “Criminals can then reuse card data, even from EMV cards, to make online (card-not-present) transactions.”
Source: www.linkedin.com
International card schemes MasterCard and Visa now account for 86% of all payment cards in Europe, as domestic and private label schemes continue their decline. RBR’s study Global Payment Cards Data and Forecasts to 2020 shows that €9 out of €10 spent using a payment card in Europe was made on a Visa or MasterCard-branded card – the highest share of any region.
There were 1.5 billion payment cards in circulation in Europe at the end of 2014 which were used for payments worth €2.9 trillion during the year. Competition between the two leading schemes is fierce, with very little difference between Visa and MasterCard in terms of card numbers. With regard to payment value, however, Visa is by far the larger scheme, and gained a percentage point of value share in 2014, while MasterCard lost a percentage point.
Automated retail is a self-service category in the form of standalone machines located in high-traffic areas such as airports and malls and convenient stores. In an era of growing mobility, the consumers demand easy access to products and services anytime…
Source: empowerednews.net
The Bank of England’s chief economist recently warned that the labour market could be set for a significant squeeze due to the advent of technology and automation, but how are robotics impacting retail?
Source: www.essentialretail.com
‘Tis the season to be digital.
ECommerce forecasts for all of 2015 are expected to reach $349 billion in the U.S. and $1.67 trillion globally.
Source: www.pymnts.com
Kiosk Tradeshow DSE introduces a new area of the show floor for 2016 – the Self-Service Pavilion. With the rising adoption of self-service kiosks, tablets and other freestanding interactive display…
Source: kioskindustry.org
TAGS: vending, Three Square Markets, micro market, 32M app, Patent No. 9,171,300 B2, Todd Westby, TW Companies, Patrick McMullan, micromarket patent, self-service checkout, automated retailingHUDSON, WI — The U.S.
Source: www.vendingtimes.com
Paul Schottmiller, a retail strategist at Kurt Salmon, a consultancy, says the opening of physical stores by online retailers also reflects a growing trend to develop contact with human beings in the online journey. Other elements include people to help with the shopping journey, and personalised offers and promotions.
“That does make a difference in terms of the level of satisfaction,” he says.
Source: www.ft.com
The online and social application people rushing to integrate buy buttons. Purchasing inside a social application is the target.
