Although some public retail companies this week reported better second-quarter same-store results than others, for varying reasons, the mood among the merchants’ executives was good. Helping drive those feelings are positive economic signs from July that have continued into August, while some, such as Target,...
Square will not require retailers to buy a new version of its Square Stand point-of-sale hardware for next year’s U.S. transition to supporting EMV “chip and PIN” cards, the company said in a blog post on Wednesday (Aug. 20). Instead, a countertop version of the...
Mobile POS startup SumUp has pulled in more than $10 million in a Series C financing round, but is also shedding two of its founders, according to Finextra. The “double digit million dollar” round, which was led by Russian venture capital fund Life.Sreda, also included...
Earlier this week, the National Retail Federation reported that July retail sales, excluding automobiles, gas stations and restaurants, were flat, growing just 0.1 percent from June. Similarly, consumer confidence, which had been on a steady climb, remained stable from June to July. In a separate...
Square, which was just the subject of a less-than-glowing story in FastCompany, published a blog post about the Top 10 negative myths about its service on Thursday (Aug. 14). The post also comes a few days after Amazon launched a new card reader for smartphones...
VeriFone and gas-pump maker Gilbarco Veeder-Root will collaborate on new fuel dispensers that include the ability to read EMV payment cards as well as display at-pump media advertising and entertainment, the two companies announced on Wednesday (Aug. 13). Under the deal, Gilbarco will transition the...
Mobile technology and full-service payments firm SinglePoint, Inc. finalized an agreement to advertise its cashless payment options on Leafly.com, which is an online cannabis information resource. The move is designed to assist recreational and medicinal cannabis dispensaries, according to a SinglePoint press release. SinglePoint already provides...
Facebook will be giving its advertisers a new peek into ad efficacy with the release of a new report that will shows when and how often advertisements push users to complete a purchase on a different web-enabled device. By combining the use of the Facebook Conversion...
Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year, according to a report Thursday (Aug. 14) in Russian business daily Vedomosti. “Under...
