Gift card sales will likely continue grow at a 6% compound annual growth rate (CAGR) through 2017. However, e-gifting which is expected to supply the next leg of growth for the gift card industry over the long-term, grew less than expected this year.
The number of global mobile payment users is expected to grow at a compound annual growth rate (CAGR) of 16.4% through 2017, according to CardData. About 31% of consumers who have a device with Near-Field Communication (NFC) technology, used it for mPayments in the last month.
KS-based Retail Success has acquired NE-based Boutique Window, an online marketing and social media management platform. Retail Success will add Boutique Window to its existing set of retail tools that include POSIM a point of sale, inventory management and eCommerce solution and sister company, National Merchant Alliance, a provider of electronic payment technology and services.