Retail

App Data Shows Walmart Outpricing Competitors
December 10, 2014

Amazon used to to be the king of the holiday deals, but data from ShopSavvy shows this year may be different. ShopSavvy, a mobile shopping app, was able to tap into the database of pricing info of retailers to see who has the best shopping...

Insikt’s Lending-As-A-Service Pushes Loans At Checkout
December 10, 2014

San Francisco startup Insikt has brought in another $16 million in funding to grow its “lending as a service” business, TechCrunch reported on Tuesday (Dec. 9). Revolution Ventures led the Series B investment round, along with Jefferies and Atalaya Capital Management and current investors Firstmark...

News
Amazon’s New Make An Offer Idea
December 09, 2014

Don’t like the price on something on Amazon.com? No problem. Just offer Amazon a lower price and see if they go for it. This program, set to be announced Tuesday (Dec. 9) and called “Make An Offer,” limited to “one-of-a-kind” items such as collectibles and...

International
Korean Retailers Fear Dependency On Tokens
December 09, 2014

No payment card company in Korea is currently developing its own tokenization system, and that has some in the Korean retail and financial industries worried, Business Korea reported. While Korean issuers Shinhan Card and BC Card can currently deliver a “somewhat similar” technology that creates...

Mobile
Chick-Fil-A Goes QR Code Mobile
December 09, 2014

The 1,850-store fast-food chain Chick-Fil-A on Monday (Dec. 8) announced its own QR code mobile payment and mobile ordering app for both iOS and Android, but the initial rollout will only be support at 130 stores in Atlanta, Chicago, Houston, Los Angeles, Orlando and Washington, D.C.. The app is funded through...

Mobile
Pepperoni Payments Peril: Massive Payment Swindle Used Mobile Pizza
December 08, 2014

It’s long been common practice for cyberthieves to test stolen cards online, often with a tiny charge on a charity site, to quickly determine which have been shut down and which are still valid. But the latest tactic involves ordering pizzas from Domino’s—OK, so food...

U.S. Store Traffic Drops 11 Percent
December 08, 2014

If it seemed like U.S. stores weren’t quite so crowded on Black Friday, that wasn’t your imagination. RetailNext’s monthly count of store traffic and sales found that November store traffic was down 11.4 percent, Drug Store News reported. U.S. store sales were also down 11...

Point of Sale
Another POS Breach – This Time It’s Bebe
December 08, 2014

Looks like BeBe Stores—with about 200 stores in the U.S.—may be the next cyberthief retail chain victim, according to a report from Krebs On Security. BeBe is the common point of purchase behind fraudulent charges being reported by various banks and BeBe is also related...

Starbucks Rolls Out Online Ordering
December 05, 2014

The lines at Starbucks in Portland may look a little different these days. At least if the company’s Mobile Order & Pay catches on like the company anticipates. The new feature made its Portland debut this week (Dec. 3), setting the stage for Starbucks’ national rollout...