Customers under the age of 35 prefer to shop at retailers who offer financing options, and those options affect their buying decisions, according to a new eNation study of 2,000 consumers. In the study, 59 percent of younger customers said financing offers affects their choice...
Alibaba said its sales for China’s Singles Day on Tuesday (Nov. 11) surpassed $2 billion in the first hour — including more than $1 million in Alipay transactions in the first 18 minutes — and 45.7 percent of first-hour sales were via mobile. The Chinese...
Amazon announced its latest effort to break into the gadget market with Echo, an interactive speaker that lets people use the power of the Web with just their voice. Echo was quietly unveiled on Amazon’s website last Friday (Nov. 6). While the retailer touts its...
ShopRunner announced Thursday (Nov. 6) that it has expanded its E-commerce presence through a new partnership that will connect more U.S. retailers with online shoppers in China. This partnership with Alipay, China’s leading e-payments providers, bridges the gap for Chinese consumers who want the same...
More than a month after Costco Canada announced it was cutting its ties with American Express, the company is also considering dropping its U.S. card partnership, Bloomberg reported. “Costco is seeking bids for both an issuer and a payments network for its U.S. cards, the people...
Dairy Queen is brining its loyal customer base the chance to tap into the company’s new mobile app and digital wallet, Nation’s Restaurant News reported. “We think it has some competitive advantages,” Barry Westrum, executive vice president of marketing for American Dairy Queen, said in the article. “Consumers...
Cash may no longer be king for merchants, but it's still cash -- easy to steal and impossible to track, and unlike plastic and mobile payments, it has to be physically deposited before it's available in a merchant's bank account. On Tuesday (Nov. 4), Bank...
Since going live with Apple Pay last month, the $14.2 billion 401-store Whole Foods grocery chain has used the mobile wallet to process more than 150,000 transactions, according to CIO Jason Buechel. But the chain doesn’t solely see Apple Pay as a payment mechanism. During...
As merchants push to be the top online retailer leading into the holiday shopping rush, November’s Chain Store Guide Consumer Spending Report shows a majority of consumers won’t be shopping online or using their mobile device to make purchases this holiday season. Holiday shopping should boost consumer spending,...
