Typically, a CIO arguing for a $30 to $40 million IT investment for new payment systems has to answer a lot of questions from a skeptical CEO, chief financial officer and board members. But that wasn't the experience of Canadian Tire Corp. CIO Andrew Wnek. Read more...
A Pennsylvania payment vendor is preparing conversion equipment to create contactless vending machines, aimed as much at addressing the finite supply of coins and facilitating price increases as shortening lines.
The vendor, USA Technologies, said it has had contactless vending machine technology ready for some time, but waited to introduce it until the market seemed ready for widespread contactless deployment. Read more...
Large retail chains have always had a healthy dose of a shell game in their heritage, exemplified by the highly marketed new larger bottle of shampoo and the much higher, entirely unmarketed price tag that goes with it. A price increase by any other name still delivers fewer hair washes per dollar. When it comes to retail technology, it seems those habits are hard to break. Read more...
Cards issued by European banks when used online cross border don't usually support AVS checks. So, when a European card is used with a billing address that's in the US, an ecom merchant wouldn't necessarily know that the shipping zip code doesn't match the billing code.
-Marc
