Wet Seal, Inc. released its first quarter financial results this month, showing that while comparable store sales declined by 16.9 percent in the first quarter, e-commerce sales increased by 8.3 percent in that same time. According to Wet Seal CEO John Goodman, the company is...
Mobile commerce solutions provider Spindle Inc. has signed a strategic agreement with Moolah LLC in which the independent sales organization will integrate Spindle’s merchant-aggregation and payment-processing infrastructure into its eCommerce and mobile offerings. Moolah, which serves thousands of U.S. merchants, says in the agreement announcement...
After the housing bubble burst several years ago, U.S. consumers began to default on their mortgages because they chose to instead make credit card payments, according to research from TransUnion. However, that trend has since reversed. TransUnion recently released data that showed that the “normal...
TSYS has extended its exclusive agreement with Canadian Tire Financial Services, a division of Canadian Tire, to provide processing and other payment card program services; the transaction processor announced this week. The multi-year extension includes Canadian Tire’s MasterCard-branded and private-label retail portfolios, TSYS said in...
If only spontaneously ordering and paying for a meal were as easy as using Uber. Then again, if TouchPoint has anything to say about it maybe it soon will be. In TouchPoint's ideal world, pre-ordering food is easy-especially the things consumers have ordered before from...
Revel Systems – a California-based iPad point-of-sale maker is now offering drive-through accessory options that now make it possible for businesses to work with “drive through” customers without the use of a central server and complicated dedicated systems. Restaurants can upgrade to the service for only...
Yes, we know what you've heard, but nope, Overstock doesn't take bitcoin as payment and never actually handles bitcoins at all. And, it's not just them. Merchants that accept bitcoin wallets don’t either. Confused? You should be. Luckily, economist David Evans isn't and after reading...
The world was a different place in 1999-cell phone use was just leaking into the mainstream, Palm Pilots were the next big thing and almost no one had ever thought about the concept of a mobile point-of-sale. Well, almost no one-as it turns out Infinite...
The restaurant industry has an interesting application for the so-called “internet of things,”- they think the data streams it creates can help to build a better point of sale. Among the small army of of technology vendors peddling their point-of-sale wares at this year’s National...
