China Becoming A Very Dominant POS Player
Written by Evan SchumanChina POS shipments soared some 19 percent last year, figures that show China’s retailers quickly becoming some of the biggest POS purchasers in the world, according to a new global POS report from consultancy IHL Group. How fast are China’s retail purchases growing? Last year was the first time China blew past Japan in POS purchases and it also had more than 25 percent more shipments than Germany, said IHL President Greg Buzek.
One key reason is that retailers in China tend to have much smaller real estate footprints. That delivers a lot more retail locations, each of which is quite small. Buzek puts the number of today’s Chinese retail locations at 12 million, compared with 2.1 million in Japan, 363,000 in Germany and 2.25 million retail outlets in the U.S.
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
