Content about Terminology

May 28, 2014

While commerce has always been an exchange between a customer and a merchant, the payment aspect has historically been the sore point of any transaction.

By Sebastien Taveau, chief evangelist, Synaptics

From ancient bartering, to the first coin, to the first paper currency, to the first mobile payment, it’s easy to provide a linear view of how the payment process has evolved.

May 13, 2014

Contactless payment card shipments accelerated globally in 2013.

Munich, Germany - Contactless payment card shipments accelerated globally in 2013. According to figures released by the Smart Payment Association (SPA), contactless technologies were present on 37% of all smart payment cards shipped in 2013.

By far the greatest increase was experienced in the Asia Pacific region, where contactless shipments grew by 193%, compared to 2012. Other regions around the globe experienced strong growth rates, ranging from 45% in the Americas to 64% in Western Europe.

April 7, 2014

Verve Mobile, a provider of in-store mobile advertising technology, and RetailNext, an in-store analytics solutions vendor, are launching a partnership to bring the combined power of location-based advertising and in-store analytics to brick-and-mortar retail customers.

New York -- Verve Mobile, a provider of in-store mobile advertising technology, and RetailNext, an in-store analytics solutions vendor, are launching a partnership to bring the combined power of location-based advertising and in-store analytics to brick-and-mortar retail customers. Now with the combined capabilities of Verve and RetailNext, retailers using the technologies can leverage a full range of tools that enhance their ability to see how location-targeted mobile advertising is correlated to driving foot traffic and sales.

February 25, 2014

MasterCard and Syniverse are partnering to deliver a number of mobile and payment services for consumers to use when traveling abroad.

Purchase, N.Y. – MasterCard and Syniverse are partnering to deliver a number of mobile and payment services for consumers to use when traveling abroad. The two companies are currently in pilot-phase for an opt-in service that will enable card transactions for users only when they have their mobile device switched on in a specific geolocation abroad.

July 19, 2013

U.S. consumers are positioned to spend more in the coming months based on several favorable economic indicators seen in June.

New York – U.S. consumers are positioned to spend more in the coming months based on several favorable economic indicators seen in June. The Deloitte Consumer Spending Index for June 2013, which comprises four components of tax burden, initial unemployment claims, real wages and real home prices, increased to 4.3 from a reading of 4.2 the previous month.  Continued improvement in real home prices and initial unemployment claims drove Index performance.

May 7, 2013

The Glimcher Realty Trust pipeline is filled with open-air centers. "We're seeing a lot of opportunity in the market and even our own portfolio with open-air right now," said Michael P. Glimcher, chairman and CEO, Columbus, Ohio-based Glimcher.

Over the last three years, Glimcher has acquired five properties. Four were open-air. Today, open-air centers account for about 20% of the company's 29 properties.

Recently, Glimcher shared his insights about open-air and enclosed centers with Chain Store Age contributing writer Michael Fickes.

May 2, 2013

By Douglas H. Meal, David T. Cohen, and Lisa L. Rachlin, Ropes & Gray LLP

By Douglas H. Meal, David T. Cohen, and Lisa L. Rachlin, Ropes & Gray LLP

Retailers, like all businesses, constantly seek to learn more about their customers in order to serve them better. In Tyler v. Michaels Stores, however, the Massachusetts Supreme Judicial Court recently ruled that a simple step taken by many retailers to help achieve this goal – collecting the ZIP codes of their customers at the point of sale – can in some circumstances violate Massachusetts’ consumer protection statute.
   

April 4, 2013

Walgreen Co. said Thursday that its in-store Take Care Clinics have expanded the scope of healthcare services offered beyond treating minor ailments like sinus infections to include assessment, treatment and management for chronic conditions such as hypertension, diabetes, high cholesterol, asthma and others, as well as additional preventive health services.

Deerfield, Ill. -- Walgreen Co. said Thursday that its in-store Take Care Clinics have expanded the scope of healthcare services offered beyond treating minor ailments like sinus infections to include assessment, treatment and management for chronic conditions such as hypertension, diabetes, high cholesterol, asthma and others, as well as additional preventive health services.

The new services are now available at the more than 330 Take Care Clinics located at select Walgreens (excludes clinics in Missouri).

November 1, 2012

The ratio of retail hires to applicants has gone up to the highest number since August 2008, rising to 4.8% in October, according to the Kronos Retail Labor Index.

Chelmsford, Mass. -- The ratio of retail hires to applicants has gone up to the highest number since August 2008, rising to 4.8% in October, according to the Kronos Retail Labor Index. (The Index is defined as the ratio of hires to applications within a given month, expressed as a percentage. A level of 3% means that for every 100 applications received, three hires occurred.)

October 24, 2012

By Alex Evans and Andrew Rees, L.E.K. Consulting

By Alex Evans and Andrew Rees, consumerproducts@lek.com

October 15, 2012

Deloitte’s Consumer Spending Index rose in September, aided by a near 11% gain in home prices.

New York -- Deloitte’s Consumer Spending Index rose in September, aided by a near 11% gain in home prices. The Index tracks consumer cash flow as an indicator of future consumer spending.

November 9, 2011

Cabela's and US Dataworks announced the introduction of PayItFast for accepting Cabela's Club Visa card payments in all Cabela's U.S. stores.

Sidney, Neb. -- Cabela's and US Dataworks announced the introduction of PayItFast for accepting Cabela's Club Visa card payments in all Cabela's U.S. stores.

October 24, 2011

Office Depot announced the launch of Office Depot Merchant Services, an electronic payment processing service for small and medium-sized businesses.

Boca Raton, Fla. -- Office Depot announced the launch of Office Depot Merchant Services, an electronic payment processing service for small and medium-sized businesses.

July 8, 2011

A report released Thursday by MasterCard Advisors, which tracked sales activity in the MasterCard payments network coupled with cash and check estimates, said that June sales continued May’s mixed bag with some sectors gaining and some losing momentum.

Purchase, N.Y. -- A report released Thursday by MasterCard Advisors, which tracked sales activity in the MasterCard payments network coupled with cash and check estimates, said that June sales continued May’s mixed bag with some sectors gaining and some losing momentum.

November 6, 2005

Phoenix, Wawa, Inc....

November 6, 2005

Phoenix, Wawa, Inc....