News Feature | June 13, 2014

Retail IT News for VARs — June 13, 2014

Christine Kern

By Christine Kern, contributing writer

Retail IT News for VARs

In the news this week, Aite Group research concludes 70 percent of U.S. credit cards will be EMV-enabled by the end of 2015. Articles also show the impact technology advancements are having on retail loss prevention and security and list the NRF’s standards for retail technology.

Prediction: 70% Of U.S. Credit Cards EMV-Enabled By End Of 2015

A research report from the Aite Group, EMV: Lessons Learned and the U.S. Outlook, concludes 70 percent of U.S. credit cards and 41 percent of U.S. debit cards will be EMV-enabled by the end of 2015. The group cites increasing counterfeit card fraud as a driver, noting credit card fraud accounted for 10 cents out of every $100 transacted from 2007 to 2014. Other factors are “increasing difficulty that U.S. cardholders have in using their magnetic stripe cards overseas, the desire to accelerate the U.S. terminal infrastructure upgrade to facilitate NFC-based mobile payments technology, and the decreasing cost of chips and terminals.”

Technology’s Advancements Are Impacting Retail Loss Prevention, Security

Security Info Watch features an article by Steve Sell is Director of Marketing, Retail, for Tyco Integrated Security. He explains how cloud, Big Data, omni-channel retailing, and mobility are making impacts on traditional LP (loss prevention) and security technology in retail.

NRF Lists Retail Technology Standards

The National Retail Federation (NRF) lists retail technology standards: unified POS, data models, XML Schemas, business process models, and standard RFPs. Information on each topic is available for download.

Retail IT Talking Points reports at Starbucks first company-operated store at Walt Disney World Resort near Orlando, FL, features a 70-inch digital display panels that use built-in cameras to create chalk sketches of guests and their surroundings — the cameras automatically render whatever is in front of them into a live illustration.

According to Marvin Traub, Comptoir des Cotonniers has launched Fast Shopping, a new retail experience that allows European customers to make a purchase in 20 seconds using their mobile phone. The application, developed by London-based firm Powa Technologies, uses a combination of technologies that include Bluetooth, QR codes, JavaScript, audio sensors and instant payment authentication, to allow customers to scan and buy tagged items that they see on bus shelters, café tables, Uber cars, magazines, T-shirts or tote bags.

For more news and insights, visit BSMinfo’s Retail IT Tech Center.