Apple introduced a series of new products including new iPhones and a wearable, but it's the long awaited mobile payment option, Apple Pay, that will tie together hardware, software and retail in an entirely new way.
As mobile devices and digital currency play an ever-increasing role in retail, the Merchant Customer Exchange has unveiled a new mobile wallet called CurrentC, which already has the backing of big-box retailers such as Walmart, Target and Best Buy.
All eyes are on Apple as the company prepares to announce new products and services on Sept. 9. Expected is an iPhone 6, but Apple watchers anticipate the long-awaited wearable, new payment options and near-field communication technology.
Restaurant chain TGI Fridays has opened a tech-laden location in the U.K. and is using scannable QR codes to fast track customer payments.
Google's new Android phone features and Android Wear smartwatches are expected to boost consumer shopping and restaurant visits.
In retail, every so often, a tech topic comes along that just "plays" well. Unfortunately for retailers, the consumer's adoption of mobile technologies doesn't just play well – it's the real deal. And doubly bad, it's destroyed retailers' ability to take a back seat on technology.
Apple is introducing a new technology into its EasyPay POS system which will replace the current iPod touch and its card reader used in Apple retail stores.
Square is killing the Square Wallet app and has removed it from Apple and Google's app stores. Despite the growing mobile payments market, Square was unable to drive adoption of the program.
Apple has hinted for years that it would enter the mobile payments field, but now the computer company appears to be getting serious.
NFC took another hit this week as Best Buy and 7-Eleven began removing the capability to accept payments at POS terminals throughout their store network.