Physical retail’s predicament is summed up by Mark Twain’s often misquoted adage that reports of his death had been widely exaggerated. Despite the myriad advances and expansion of e-commerce, consumers continue to do the majority of their shopping in physical locations. More over, notes Mike Kercheval,...
Never let it be said that Apple doesn’t know how to launch a product. As October ends, Apple can report 1+ million downloads of its new digital wallet in just three days, a milestone that took Dunkin’ Donuts 6 weeks to achieve and Starbucks even...
What a week for Apple Pay! Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing this form, you agree to...
Q3 shaped up to be a tough quarter for Groupon – the online discount merchant turned e-retailer suffered a loss of $21.2 million, or 3 cents a share, compared with a year-earlier loss of $2.6 million. Revenues, however, were on the upswing – Groupon saw revenue...
The run-up to a Chinese Shopping holiday known as Singles Day (in honor of unattached consumers who are encouraged to buy themselves nice things) has tipped off a trademark spat between Chinese e-commerce players. The dispute came into focus after Alibaba rival, JD.com, publicly published...
Although Starbucks CEO Howard Schultz said his coffee company has already found the recipe to capture a loyal base of mobile customers, he said the launch of Starbucks’ mobile order and pay app in December will be the single-most important technology innovation introduced by the...
Corporate payments programs have often been regarded as costly and tedious, but new insights from recent data to be presented at Money 20/20 show otherwise, according to Digital River. On Monday, November 20 at 1 PM EST, MPD CEO Karen Webster will host a live...
This year has taken mobile payments to a whole new level, and NFC, tokenization and the cloud have become the talk of the town. But when it comes to enabling mobile payments, does Host Card Emulation (HCE) still have an important role to play? MPD...
What does the future of retail look like — for convenience stores and gasoline retail? Last month, MPD CEO Karen Webster spoke one-on-one with Aurus CEO Rahul Mutha on the “tripod” situation that retailers face – the challenges around EMV, data security breaches and customers’...
