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Trends In Retail Technology And Consumer Spending

PYMNTS

In retail, the need to simplify, integrate and bring gift card and loyalty programs online to maximize their impact has never been greater, while consumer engagement has the power to remove retail friction. 70%: Share of customers who abandon purchases because of a bad user experience.

Retail 227
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PAAY Rolls Out Partner Platform To Complement EMV 3DS Technology

PYMNTS

PAAY said its EMV 3DS offering lets merchants decrease chargeback costs, bolster authorization rates and maintain compliance as they provide an easy as well as frictionless experience for users. The company reports that retailers selling through eCommerce are experiencing record sales numbers, but fraud rates are also on the uptick.

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Goldiam International Debuts B2B Website For US Retail Jewelry

PYMNTS

retail jewelry industry. Udaan plans to utilize the new funding to reach out to a greater amount of India's small businesses, improve its user experience and boost its technology program. On Friday, Goldiam's stocks were trading in the green, an India Infoline report said.

Retail 197
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Virtual Reality: 5G Retailers’ Secret Sauce?

PYMNTS

Out of the haze of uncertainty emerged a new mobile network, and from the new mobile network came new retail applications and experiences, all taking advantage of the faster speed of the technology, and the potential to reduce friction. The mobile technology is moving from the realm of the possible to the world of the real.

Retail 177
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Verizon, Microsoft Partner To Accelerate 5G Technology

PYMNTS

Verizon and Microsoft have teamed up to accelerate the delivery of private 5G networks for businesses, announcing a collaboration they said will transform the retail, transportation, logistics, manufacturing and healthcare industries. Samsung’s View. The race to build out the next-gen network is also accelerating, as seen in the recent $6.6

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Rite Aid Rebrands, Reconfigures Retail Experience

PYMNTS

In recent months, it relaunched RiteAid.com and its mobile app, kicking off a digital refresh that provides customers with an elevated user experience. In addition to existing prescription delivery options, Rite Aid has invested in technology to offer customers more digital-first options.

Retail 173
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How Unattended Retail Sells Loyalty

PYMNTS

Retailers put together window displays and signs to create enticing storefronts, engage customers via social media and send printed ads through the mail. There’s a lot of complementary technologies that are being offered today that can be incorporated into the whole self-serve or unattended retail system,” he said.

Retail 162