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NCR Buys StopLift To Prevent Retail Fraud

PYMNTS

6) that it has acquired StopLift Checkout Vision Systems, an intelligent computer vision system, to combat theft in the retail business. In addition to creating new value for our retail customers around the world, StopLift’s fraud detection technology will be a key enabler of our frictionless commerce product strategy.”.

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Bahamas Launches Digital Sand Dollar; Adds To Rise Of Central Bank Digital Currencies

PYMNTS

As reported by Reuters , the Sand Dollar – a new digital currency issued and backed by the Bahamian central bank – is now in circulation, and bit by bit, has been making inroads into retail use cases. The money is spendable at a number of retail locations. Central Banks Around the World Eye CBDCs.

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Retail Pulse: 7-Eleven Tests Cashierless Tech; Staples Debuts Connect Store Concept

PYMNTS

Brick-and-mortar retailers are testing convenience store designs that let consumers skip the checkout line and pay for their purchases with their mobile phones. 7-Eleven President and CEO Joe DePinto said in an announcement , “Retail technology is evolving at a rapid pace, and customer expectations are driving the evolution.

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MainStreetEXPO.com Aims To Help Small Merchants With New Platform

PYMNTS

The website is now being piloted with retailers from Montana, Colorado, Texas, New Mexico, Massachusetts and Maryland. Retailers will have the capacity to quickly grow their customer base and offer a digital storefront for shoppers who are geared toward purchasing from small companies, per the release.

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Mnuchin: US Should Examine Amazon’s Retail Practices 

PYMNTS

The Justice Department is right to be looking into Amazon’s practices as part of its antitrust review of big technology companies, Treasury Secretary Steven Mnuchin said Wednesday (July 24). . “I A broad antitrust review of big technology companies was announced by the Justice Department on Tuesday (July 23).

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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

And there’ll be quite a bit of tinkering with the technology (especially the infrastructure) and the use cases to get there. Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency.

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Roche Bros. Partners With Toshiba On POS Systems

PYMNTS

Toshiba Global Commerce Solutions has announced that it will be integrating its TCx 300 point-of-sale (POS) systems at all of the Massachusetts locations for grocery store chain Roche Bros. Family-owned and Massachusetts-based Roche Bros. We are excited with the selection of Toshiba as our provider of retail technology,” Roche Bros.

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