Andrew Higginson (Chief Executive of Retailing Services and Group Strategy Director, Tesco PLC) during the "Consumer 2020: What Lies Ahead for the Retail Industry?" panel brought up Tesco’s credit card product, saying that one in nine transactions in the UK at Tesco is now done on a Tesco card.

“It’s pretty amazing when you consider we’ve only been in banking 12 or 13 years,” he said.

He also noted that consumers are using the card to “buy things and then pay their bills off, which is not very popular with bankers.” However, he said he personally was very pleased with the extent of Tesco credit card usage. 

National Retail Federation's 100th Annual Convention & Expo

Sunday, Jan. 9

1) Using Mobile Payments to Increase the Base of Contactable Customers (9 a.m.)

- The Golden Rule of mCommerce

- Astounding Figures on the Growth of Mobile Banking

- Why Mobile Could Be the Ultimate Cross-Channel Marketing Tool

- What Consumers Want Out of Retailers’ Mobile Apps

- 90% of Consumers Would Pay for Mobile Payment Options

2) Target and ConAgra Foods on Converting Social Media Activity into Sales (10 a.m.)

3) First Data’s Security Panel Offers Tips for Protecting Your Business (11:30 a.m.)

4) IBM on How to Capitalize on the Smarter Consumer (1:45 p.m.)

5) SAP Examines Precision Retailing and the Mobilized Consumer (3 p.m.)

Monday, Jan. 10

1) Deloitte VP Offers Suggestions for Harnessing Power of Technology in Retail (10:30 a.m.)

2) Macy’s, Tesco and Food Lion Executives Analyze Evolving Retail Landscape (11:45 a.m.)

3) Why Bankers Might Not Be Fond of the Tesco Credit Card (12:15 p.m.)

4) Greetings from the Floor at NRF! (1:45 p.m.)

5) Social Commerce: Is It Worth the Effort? (2:45 p.m.)

6) iPad Retail Apps: Thumbs Up or Thumbs Down (3:15 p.m.)

7) Steve Madden and Golfsmith’s Biggest mCommerce Mistakes of 2010 (4:30 p.m.)

8) Merchants’ Perspective on Formulating an mCommerce Strategy (4:45 p.m.)

9) Introducing the 3D Fitting Room (5 p.m.)

10) Google ‘Locates’ New Multichannel Shopping Feature (5:30 p.m.)

NRF Final Thoughts: Looking Ahead to the Next 100 Years in Retail