News

Apple and IBM's partnership means big things for retail

Apple and IBM announced an exclusive deal that will introduce new business apps to the iPhone and iPad. The enterprise-specific apps for Apple's iOS will be aimed at companies in the retail, healthcare and transportation industries, among others.

Apple and IBM together again

Apple and IBM are embarking on a new partnership intended to boost enterprise mobility through a new class of business apps that brings IBM's big data and analytics capabilities to iOS devices.

Retailers demand quick ROI on tech investment

Inventory management and predictive analytics software, in-store mobile device integration and e-commerce solutions are the biggest technology priorities for independent brick-and-mortar retailers, according to the first annual Retail Tech Forecast from LightSpeed.

Visa launches Checkout to replace digital wallet

Visa introduced a new digital payment system to replace V.me digital wallet. Visa's Checkout is the company's latest move to simplify digital payments for consumers and vendors.

Checkout will replace the outdated platform, which was first introduced into the market in 2011, reported Re/code.

"It's your Visa card for the digital world," CEO Charlie Scharf said.

Thus far, vendor partners include Neiman Marcus, Pizza Hut, Staples and United Airlines. The company has also recruited more than 180 financial institutions to support Checkout including Bank of America, Chase, Wells Fargo Bank and Citi, reported ZDnet. The Checkout app will launch immediately in the United States, Canada and Australia.

Target hires three new tech execs in digital buildout

Target continues to build out its IT department with the addition of three big hires including Jim Fisher, the new senior VP of infrastructure and operations and Target technology services.

Bots account for 62% of all Web traffic

Bot visits to websites were up 21 percent in 2013 and accounted for 61.5 percent of all Web traffic. It's an alarming statistic as bot fraud not only costs marketers billions of dollars annually, it can create trust issues between shoppers and e-commerce sites.

Krebs on security, Target and why retailers need a better response to data breaches

Blogger Brian Krebs is responsible for breaking many a story about cybercrime, but more than anything he believes that retailers need to fundamentally change the way they respond to breaches.

Retailers face SEC scrutiny for security disclosure

The U.S. Securities and Exchange Commission is looking into whether companies properly handled and disclosed cyber attacks in the wake of a series of major data breaches.

PC spending on the rise

The PC is not dead after all as IT spending and projected shipments of desktop units prove to be on the rise.

Worldwide IT spending slows to $3.7T

Global spending on IT is on track to reach $3.7 trillion in 2014, a 2.1 percent increase from last year.

That growth, however, is slower than in 2013, primarily because of a reduction in growth expectations for devices, data center systems and, to some extent, IT services.

"Price pressure based on increased competition, lack of product differentiation and the increased availability of viable alternative solutions has had a dampening effect on the short-term IT spending outlook," said Richard Gordon, managing VP, Gartner. "However, 2015 through 2018 will see a return to 'normal' spending growth levels as pricing and purchasing styles reach a new equilibrium. IT is entering its third phase of development, moving from a focus on technology and processes in the past to a focus in the future on new business models enabled by digitalization."

Slower spending contradicts statements made by retail IT executives earlier this year, when the emphasis on omnichannel, mobile and data security seemed to be investment priorities. But a closer look reveals that spending is in line with retailers' new priorities.

Bed Bath and Beyond investing in IT

Bed Bath and Beyond is building out its omnichannel capabilities with capital expenditures primarily focused on IT.

PF Chang's issues security update

P.F. Chang's has released a statement following news of a data breach in early June. While the company has not identified the scope or cause of the breach, it has attributed the attack to the work of an organized criminal operation.

PCI's Russo to retire

Bob Russo, general manager of the PCI Security Standards Council, announced his retirement at the end of 2014. He will be replaced by Stephen Orfei.

Restaurant chains possible victims of POS data breach

Another day, another data breach, this time effecting yet unnamed restaurants in the northwestern United States, which recently notified customers of a remote-access compromise that may have exposed credit and debit card data from POS transactions between Feb. 28 and April 18.

Digital payments to reach $4.7T by 2019

The annual transaction value of online, mobile and contactless payments will reach $4.7 trillion by 2019, up from just over $2.5 trillion this year, according to a new report from Juniper Research.

Top 10 technologies for IT security

There's nary a retail organization not focused on IT security today thanks to recent high-profile data breaches. Gartner's list of top technologies can help narrow the focus when identifying risk and seeking solutions.

"Enterprises are dedicating increasing resources to security and risk. Nevertheless, attacks are increasing in frequency and sophistication," said Neil MacDonald, VP and Gartner Fellow. "Advanced targeted attacks and security vulnerabilities in software only add to the headaches brought by the disruptiveness of the Nexus of Forces, which brings mobile, cloud, social and big data together to deliver new business opportunities."

The list of technologies is long and detailed, but so too are the number of threats to retailers. Among Gartner's top technologies are...

Cash fraud increases 20%

In spite of all the attention that credit card fraud and data breaches are getting in the retail industry, cash theft remains one of the biggest sources of retail shrink.