POS and Retail

By transforming a traditional treasury into a cashless economy, cities will open the doors to wider and faster adoption of more complex smart city innovations, writes Sumeet Puri, senior vice president and global head of systems engineering at Solace.

The World Wide Web Consortium (W3C) is sending a message to the payments industry that it might not be wise to wait on the card networks to solve the growing problem of mobile and online payments fraud.

As the pressure to monetize data in an omnichannel environment increases, so does the fear of misuse.

Amazon Go may be stealing the spotlight, but it is far from alone in the rush to revolutionize in-store checkout through the use of sensors, scanners, mobile devices and more.

While the battle for the consumer’s coffee or tea beverage, both hot and cold, is increasingly moving in a mobile direction, the challenge remains as to whether Dunkin’s recent moves are enough for it to succeed against Starbucks.

David Mangum will be leaving his post as president and chief operating officer of Global Payments, an announcement that came on the same day it inked deals to retain other top execs, including CEO Jeff Sloan.

For the past year, select Google advertisers have had access to a potent new tool to track whether the ads they ran online led to a sale at a physical store in the U.S. That insight came thanks in part to a stockpile of Mastercard transactions that Google paid for.

The new optimism is fueled by rising standards of living, increases in smartphone usage and cheap data plans that are boosting internet penetration across the nation. Perhaps most important, India is the last big retail market still up for grabs, with an internet economy projected to double to $250 billion by 2020.

New Merchant Advisory Group chief John Drechny will push open standards for payments acceptance and security technology that doesn't impact customer experience.

Nedbank Money users can store payment card data in just one app for all the main South African scan-to-pay schemes, representing a combined footprint of over 100,000 retail points of presence and 800 billers.