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Best Buy CEO Promises Enhanced Personalization, Physical Store Upgrades in FY2025

Retail TouchPoints

Best Buy will leverage its membership-based loyalty program to sharpen personalization efforts for its 2025 fiscal year, which began Jan. Best Buy closed 24 stores in FY 2024 and plans to close 10 to 15 in FY 2025.

POS 263
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Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees

Retail TouchPoints

The changes will not go into effect until that approval is received, which Mastercard estimates will likely be in late 2024 or early 2025. The settlement is subject to final approval by the Eastern District Court of New York.

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Creating Experiential Campaigns with Cloud-Optional Technology

Retail TouchPoints

Today, point-of-sale devices and iPads are commonly used edge devices that can compute data locally and then send important information back to the cloud. According to Gartner , by 2025, 75% of enterprise-generated data will be created and processed at the edge.

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Royal Farms Adds Self-Checkout at More Than 250 Stores

Retail TouchPoints

“We introduced the first NCR self-checkout solutions in 2019, and while we saw direct benefits in the same year, it really took off in 2021 when many of our customers steered to touch-free interactions,” said Shelby Kemp, Project Manager Marketing at Royal Farms in a statement. million units by 2025.

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Card payments in Singapore to grow by 8% in 2022, says GlobalData

365 Retail

between 2021-2025 to reach S$127.6bn ($96.6bn) in 2025. Growth in card payments is supported by its large card acceptance network, with almost six point of sale (POS) terminals for every 100 individuals in 2021. The value is anticipated to grow further at a compound annual growth rate (CAGR) of 6.1%

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Turn Innovation into Action: Top 10 Takeaways You’ll Get From #RIC21

Retail TouchPoints

On the same day, Devora Rogers of market research consultancy Alter Agents shares results from the firm’s new study, including the depths of shopper “promiscuity” as customer loyalty fades and consumers constantly examine new options. 16 from 12 to 12:30 p.m. 17 from 3 to 3:30 p.m. Maximizing the value of marketplaces.

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How Mobile Payments Are Taking Over eCommerce

Groove

billion people will be completing transactions through mobile payments by 2025. NFC (near field communication) Mobile Payments are the way mobile devices and the NFC-enabled point-of-sale systems work together to process transactions. As millions of users start to use mobile payments each year, it is projected that 4.8