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UK's Online Grocer Ocado Sued Over Patent Claims

PYMNTS

online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. AutoStore said Ocado has been a customer since 2012 and alleged that Ocado's automatic storage system is based on the ones AutoStore is already using, according to Reuters.

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Online Grocer Ocado Acquires Robotics Companies To Drive Automation

PYMNTS

based online grocery, is heightening its automation drive by acquiring two robotics companies. The robotic pick opportunity in online grocery is of huge value to us and our clients globally,” said Tim Steiner , Ocado CEO. Ocado is embroiled in a patent lawsuit over robotically operated warehouse technology with AutoStore.

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From Online Ordering To Cupcake ATMs: How Sprinkles Prepared For The Pandemic

PYMNTS

Quick-service restaurants (QSRs) that were behind the curve on digital technologies have quickly pivoted to enable touchless payments and delivery. Sprinkles , a Beverly Hills, California-based confectioner, was as prepared as a QSR could possibly be for the rush to online ordering, payments, pickup and delivery.

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Tokenization Beyond Payments

Payments Dive

As the technology behind payments becomes more advanced and readily available, so too are the possibilities for fraud. The Federal Trade Commission’s online database of consumer complaints reports 13 million complaints from 2012-2016, 42% of which were fraud related, and 13%, identity theft complaints.

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Stop Working on Your App Immediately

Bank Innovation

Since 2012, it has been the fastest growing technology in banking. That’s the word out of Digital Banking 2016 here, where bankers outnumber entrepreneurs (but not vendors). The mobile banking app traces its roots to SMS banking back in 1999. But it comes with Read More.

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London FinTech SumUp Gets Digital Money License From Irish Central Bank

PYMNTS

SumUp has been active in Ireland since 2012 and has introduced electronic payments to thousands of businesses. Over 3 million merchants use its technology and more than 7,000 firms join the platform daily, according to the statement. .

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Macy’s Leads The Pack As Top Online Apparel Retailer

PYMNTS

The think tank found a decline of 410 basis points in the retailer’s apparel share as its revenues declined by $3 billion from 2012 to 2017. According to SimilarWeb, more than half of online traffic for general merchandise originates from mobile platforms. The retailer has already tested the technology at a store in New Jersey.

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