Personal + Mobile + Seamless + Secure = Unified Commerce for Retailers

Unified commerce goes beyond omni-channel, putting the customer experience first, breaking down the walls between internal channel silos and leveraging a common commerce platform. Retailers are moving in this direction with 71% planning to have a unified commerce platform within three years. According to a new report from Boston Retail Partners (BRP), the mobilization of…

Details

Visa Discloses European Data For First Time as V+M International PDV Soars

Visa and MasterCard international payment card (credit + debit) purchase dollar volume (PDV) for the third quarter (3Q/16) posted US$1644 billion, up 48% year-on-year (YOY), on a nominal basis, according to CardData.com. However, the figures are greatly skewed as Visa began including Europe PDV for the first time in 3Q/16. For the third quarter, on…

Details

British Consumer Credit Card Debt Continues to Accelerate 9%+ Year-on-Year

U.K. consumer credit continued to expand at a brisk pace in November, topping 10% year-on-year (YOY). In November total consumer credit grew to £192.2 billion. The three-month annualized and twelve-month growth rates, seasonally adjusted (SA), were 11.4% and 10.8% respectively. The Bank of England (BOE) reports consumer credit increased by £1.9 billion in November, in…

Details

Verifone Expands its Engage Family with New Advanced Multilane Payment Device

Verifone has pulled up the curtain on its sleekest, the most advanced and intuitive multilane payment device ever. Verifone designed the new M400 to enable this for its department store, specialty retailer, grocery store, hotel, quick service restaurants and convenience store clients. Verifone says multilane merchants need a platform capable of supporting their vision for…

Details

Next Generation Payment Testing Solutions Optimizes Existing Legacy Testing Assets

Paragon Application Systems has inked a deal with RS Software India, a provider of digital payment technology solutions that builds payment infrastructure for countries all across the globe and helps businesses transition from legacy to modern e-payment systems. The alliance addresses the growing demand for testing solutions that provide better automation and more comprehensive code…

Details

Cargo Volume Data Points to a Very Strong Holiday Shopping Season

Dovetailing with recent consumer spending and consumer debt statistics, imports at the nation’s major retail container ports saw an unexpected increase during the industry’s busy holiday season. Global Port Tracker says retailers don’t import merchandise unless they think they can sell it. Ports covered by Global Port Tracker handled 1.64 million Twenty-Foot Equivalent Units in…

Details

GPN Heartland Merger Expense Synergies Pays-Off Big Time in Fourth Quarter

Atlanta-based Global Payments (GPN) reported fourth calendar quarter (4Q/16) [fiscal second quarter ending 11/30/16] gross revenues grew 30.4% year-on-year (YOY), while net income declined 37.2% YOY. Revenues for North America increased 16.1% YOY. GPN says the particularly strong performance was driven by the integrated payments businesses, OpenEdge and Ezidebit, and from its software led solutions…

Details

Wix Integrates with Square for mPay and ePay POS Options and Online Management

Wix, a major cloud-based web development platform with more than 97 million registered users worldwide, is integrating with Square to give Wix merchants and entrepreneurs in North America a new way to accept online and in-person credit card payments. Wix’s Square integration improves payment processing and allows both online and in-person payments, via mobile device…

Details

NEC Nails Huge POS Deal with 7-Eleven US & Canada Stores

TX-based NEC Corporation of America (NEC) will be the new exclusive point-of-sale (POS) provider to 8,600 7-Eleven stores throughout the United States and Canada. NEC will deliver the robust TWINPOS G5100 POS that features a sleek, stylish customer display to run promotions and share information with customers to offer customers a personalized shopping experience. As a…

Details