Claiming the current free service is "unsustainable" for retailers and logistical suppliers, John Lewis, the U.K. department store chain, is introducing a £2 charge for click-and-collect orders under £30 starting July 28.
Whether plastic chip cards or mobile apps or Bitcoins, the landscape for payments at retailers' point-of-sale—wherever it may be—is going to look vastly different in the near-term future. But it's not happening yet. Back in January, Apple CEO Tim Cook declared 2015 "the year of Apple Pay." At mid-year, that prediction looks way too optimistic, but the business world is definitely talking about payments and consumers are starting to listen.
As a Gallup Panel Web study found, only 2 percent of Americans are actually using digital wallets. That's a tiny number compared to the publicity new payment systems are getting, but it would be a mistake to expect it to stay so low. It would also be a mistake to expect rapid growth by one form of payment or another. Story
The retailer reached a $67 million agreement with Visa to reimburse card issuers for costs incurred in the data breach. A previous settlement with MasterCard for $19 million fell through in May when the deal did not get enough support from the credit card-issuing banks and credit unions. Story
Have something to say? Join other retail executives by following FierceRetailIT on Twitter.
POPULAR COMMENT THREADS
Tractor Supply Co. has revamped its e-commerce website by using a cloud-based platform and integrating the online operation with its physical stores.
With a new firewall solution, Dairy Queen is strengthening network security and Payment Card Industry compliance to better protect customer data.
Walmart is the key customer for many companies, and a large number of them have established offices in Northwest Arkansas—an estimated 1,500 at last count. Tyco Retail Solutions took the branch office concept one step further this week and opened a 5,000 sq. ft. Retail Experience Center for Walmart in Bentonville.
There are rumblings in the field that Google's Android Pay may launch much sooner than later—as early as Wednesday of this week (Aug. 26). This is a month in advance of the Sept. 28 arrival of Samsung Pay, which is expected to be Android Pay's biggest competitor in the Android mobile payments space.
Target is ready for the EMV chip card transition, and will use chip-and-PIN authentication on its store-brand REDcards, according to the company's A Bullseye View blog.
From Our Sister Sites
Amazon is extending the ability to watch digital content while off-line, but is backing off on another of its mobile offerings: the Amazon Fire Phone.
H-E-B announced a partnership with grocery delivery service Instacart. Now customers of the independent food retailer can get a wider selection of groceries delivered to their homes in the Austin and Houston areas.