Call it the efficiency effect, but shoppers are making an increasingly large number of their purchases outside of physical stores—or at the very least, not making those purchases directly through those stores, such as going into a store to see an item and then purchasing...
Collecting lots of data—even CRM—is useful only to the point that it can be intelligently and meaningfully analyzed. Trying to analyze excessive amounts of data, some of which will be irrelevant and potentially misleading, is unlikely to deliver useful recommendations. LivingSocial is trying to avoid...
Going out to dinner with a group of friends or colleagues brings with it some hardships, such as calculating and collecting money for a split check without resorting to a spreadsheet and an ATM. And there’s always the much-beloved game of getting the check quickly,...
Keeping with its track record of announcing its newest phones in early September, such that they are ready to fall into the hands of holiday shoppers starting in October, Apple will likely be announcing its new iPhone at an event already scheduled for October 9,...
There’s lots of stuff published on who’s funding what across all technology sectors worldwide. We thought it would be useful to provide you with a weekly update on who’s investing what in the retail and commercial payments and financial services sectors. Retail was king during...
MoneyGram International Inc. is feeling the impact of Walmart’s recent launch of a competing U.S.-to-U.S. white label funds-transfer service, as domestic transfers for the company initiated at Walmart stores declined 31 percent and revenues dropped 33 percent during the second quarter, the Dallas-based company reported...
OpenTable—pioneers in the field of mobile reservations—have acquired Copilot, and analytics service that allows restaurants to track their business activity versus that of their competitors. “The Copilot technology and service, which is powered by POS data and leverages local market comparisons, is currently being piloted...
Getting consumers hooked on something new is every innovator’s dream. There’s only one big problem: Consumers don’t break old habits easily. Psychologists say that consumers are just hard-wired to resist change, believing that whatever they’re doing today is vastly better than any value they could...
Strengthening its hold over Croatian payments industry, American Express has partnered with the country’s second largest bank “Privendna Banka Zagreb” to provide an NFC payment service using host card emulation (HCE) technology. With the service, the cardholders would register with PBZ and download an app,...
