As the week is coming to an end – and the payments and commerce circus is getting ready to roll up the tent for a few days – we have our last set of fun and fabulous factoid for Friday.
This week we learned from Intel that the IoT is more about the future of retail than about smart appliances and funky wearables. We also learned that Canadians love some prepaid cards, and Samsung is not above offering monetary incentives to get people using Samsung Pay.
Ready for more action …
$1.2 Trillion: The amount lost every year in retail sales due to inventory management issues.
$5 Billion: The annual estimated U.S dollar value of the Canadian Open Loop Prepaid card market.
$12.2 Million: The amount of funding Shuddle had snapped up before abruptly announcing they are going out of business today.
70%: The percentage of U.S. merchants Merchant Link CIO Scott Carcillo believes will have adopted EMV by the end of 2017.
$30: The amount Samsung is paying customers to try Samsung Pay three times before May 10.
We’re always on the lookout for opportunities to partner with innovators and disruptors.
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