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Sam’s Club Deploys AI-Powered Computer Vision to Speed Payment Confirmation

Retail TouchPoints

After a customer pays at a register or via the Scan & Go mobile payment solution, a combination of computer vision and digital technology deployed in stores’ exit areas captures images of their cart and verifies payment for all items within a shopper’s basket.

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Crypto Payments Adoption in FinTech: How Do Retailers Fit in?

Retail TouchPoints

Here are three tips for implementing these changes into retail operations without compromising your business. Although there’s currently no seamless solution to address the growing need for modern crypto-based payments, that is the future industry experts are aiming for. Consider accepting a third-party provider.

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Mastering Retail Digital Transformation: Key Elements, Benefits, Challenges, and Strategies

RETAIL MANAGEMENT SOFTWARE

Retail digital transformation is the process of leveraging technology to fundamentally change the way a retail business operates. Automation: Using AI-driven tools for inventory management, chatbots for customer service, and automated marketing campaigns to streamline operations. What is Retail Digital Transformation?

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Party City Plans Just 25 Halloween Pop-Ups For 2020

Retail TouchPoints

While Party City operated approximately 275 temporary Halloween locations last year, it plans only about 25 this year. In addition to online shopping, Party City offers contactless shopping experiences at its stores through curbside pickup, same-day delivery and contactless mobile payments.

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Where Payment Processing Systems Are Headed In 2020

RTP blog

Mobile Payments On The Rise Already, 29% of American consumers would be content to pay with their smartphones all the time. That’s nearly one in three people who would be happy to use an app or contactless payment method instead of cash or a credit card for all. their payments. Passwords aren’t enough anymore.

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7 Brands Discuss the Benefits of the New Cashless Economy and Apple Pay’s Growing Ubiquity

BigCommerce

The Evolution of Mobile Payments: A brief history of mobile payments, according to TechCrunch : 1983: David Chaum, an American cryptographer, starts work on creating digital cash by inventing “the blinding formula, which is an extension of the RSA algorithm still used in the web’s encryption.” 2008: Bitcoin is invented.?.

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What’s in Store for Grocery in 2022?

Retail TouchPoints

Long-term, I predict that ultra-rapid delivery of fresh produce from geographically strategic farming operations will become the de facto market model, decentralizing production and personalizing product assortments. Mobile commerce will define the next evolution of grocery shopping. Merchandise assortments will shrink dramatically.