Content about Payment systems

January 17, 2012

Royal Bank of Canada and Shoppers Drug Mart are launching a nationwide program that makes it more convenient for Canadians to bank and earn rewards at Shoppers Drug Mart/Pharmaprix locations throughout the country.

TORONTO — Royal Bank of Canada and Shoppers Drug Mart are launching a nationwide program that makes it more convenient for Canadians to bank and earn rewards at Shoppers Drug Mart/Pharmaprix locations throughout the country.

January 16, 2012

NCR announced Monday the introduction of a point-of-sale system that will allow independent retailers to manage transactions, track sales and inventory, process credit cards and market to customers on both touchscreen terminals and Apple mobile devices.

DULUTH, Ga. — NCR announced Monday the introduction of a point-of-sale system that will allow independent retailers to manage transactions, track sales and inventory, process credit cards and market to customers on both touchscreen terminals and Apple mobile devices.

The system is a cloud-based platform that NCR said would give independent retailers a multichannel "sell anywhere" capability.

December 16, 2011

The San Francisco Federal Credit Union on Friday announced an agreement with Welch ATM to allow its members surcharge-free usage of cash-dispensing ATMs in more than 500 Walgreens locations across California.

SAN FRANCISCO — The San Francisco Federal Credit Union on Friday announced an agreement with Welch ATM to allow its members surcharge-free usage of cash-dispensing ATMs in more than 500 Walgreens locations across California. Under the agreement, the ATMs will carry the credit union's brand at selected locations throughout San Francisco.

November 28, 2011

A coalition of retail organizations, including the National Retail Federation, the Food Marketing Institute and the National Association of Convenience Stores, have filed a lawsuit charging that the Federal Reserve failed to comply with a new law requiring it to reduce fees bank charge retailers when shoppers use credit cards.

NEW YORK — A coalition of retail organizations, including the National Retail Federation, the Food Marketing Institute and the National Association of Convenience Stores, have filed a lawsuit charging that the Federal Reserve failed to comply with a new law requiring it to reduce fees bank charge retailers when shoppers use credit cards.

The law, which went into effect Oct. 1, said that banks could charge a maximum of 21 cents when consumers use a debit card, down from an average of 44 cents per transaction.

November 21, 2011

Holiday shoppers are expected to spend $155.43 on average for gift cards this season, while total gift card spending is projected to reach $27.8 billion, according to a survey released Friday by the National Retail Federation.

WASHINGTON — Holiday shoppers are expected to spend $155.43 on average for gift cards this season, while total gift card spending is projected to reach $27.8 billion, according to a survey released Friday by the National Retail Federation.

NRF’s 2011 Holiday Consumer Intentions and Actions survey, conducted by BIGresearch, found that 8-out-of-10 shoppers will give gift cards this year, thanks to e-gifting, instant delivery through Facebook, personalized video and mobile giving options. Average spending is expected to be the highest since 2007.

November 15, 2011

American Express has announced the launch of the American Express for Target card, a reloadable prepaid card with no monthly or maintenance fees, available exclusively at more than 1,000 U.S. Target stores.

NEW YORK — American Express has announced the launch of the American Express for Target card, a reloadable prepaid card with no monthly or maintenance fees, available exclusively at more than 1,000 U.S. Target stores.

November 1, 2011

Cincinnati's ABC affiliate station on Monday featured Kroger's Scan-Bag-Go system, a handheld device that customers use to scan bar codes as they shop.

CINCINNATI — Cincinnati's ABC affiliate station on Monday featured Kroger's Scan-Bag-Go system, a handheld device that customers use to scan bar codes as they shop. The device keeps a running tally of the purchase, and reduces the checkout process to a matter of seconds.

September 30, 2011

Retailers and their customers will save billions of dollars when new Federal Reserve regulations cutting debit card swipe fees roughly in half take effect this weekend, the National Retail Federation said.

WASHINGTON — Retailers and their customers will save billions of dollars when new Federal Reserve regulations cutting debit card swipe fees roughly in half take effect this weekend, the National Retail Federation said.

September 15, 2011

Big Y is saying "so long," to its self-service checkout lanes at its stores, according to published reports.

SPRINGFIELD, Mass. — Big Y is saying "so long," to its self-service checkout lanes at its stores, according to published reports.

The New England-based retailer is slated to phase out self-serve lanes at all 61 locations.

August 24, 2011

Winn-Dixie has selected IBM point-of-sale and self-checkout technology to help transform customer service, speed innovation and increase the operational efficiency of 484 Winn-Dixie store locations and other store formats across the southeastern United States, IBM reported.

ARMONK, N.Y. — Winn-Dixie has selected IBM point-of-sale and self-checkout technology to help transform customer service, speed innovation and increase the operational efficiency of 484 Winn-Dixie store locations and other store formats across the southeastern United States, IBM reported.

July 8, 2011

Albertsons is pulling the plug on its self-checkout units, which will be replaced by standard "H" lanes or express lanes, the grocer has confirmed.

BOISE, Idaho — Albertsons is pulling the plug on its self-checkout units, which will be replaced by standard "H" lanes or express lanes, the grocer has confirmed.

The 217-store grocer that operates in Arizona, Arkansas, Colorado, Florida, Louisiana, New Mexico, Texas and Utah has self-checkout units installed in roughly 100 of its stores. Those units will be removed by the end of the summer.

According to the grocer, the self-checkout units prevent it from providing the level of customer service it wants to offer its shoppers.

July 8, 2011

Stop & Shop officially has launched a next-generation scanner via a mobile application.

QUINCY, Mass. — Stop & Shop officially has launched a next-generation scanner via a mobile application.

Stop & Shop said its Scan It! Mobile app allows customers to complete an entire shopping trip on their iPhone 3GS or 4G. As previously reported by Drug Store News, the app, developed in partnership with Modiv Media, allows customers to scan items with their phone's camera. Once the shopping is complete, the information is relayed to the checkout register, thus speeding up the checkout process.

July 6, 2011

The National Retail Federation said last week that it was disappointed in the final debit card swipe-fee regulations set by the Federal Reserve.

WASHINGTON — The National Retail Federation said last week that it was disappointed in the final debit card swipe-fee regulations set by the Federal Reserve.

Under the new rule, the current debit card swipe-fee rate of 1% to 2% of each transaction will be replaced with a flat fee of not more than 21 cents per transaction for the nation’s largest banks — substantially higher than the flat fee of up to 12 cents the Federal Reserve originally proposed in December 2010.

June 14, 2011

One week after the Senate failed to pass an amendment that would have delayed swipe-fee reform for an additional 12 months, the Department of Justice Antitrust Division reportedly is addressing anticompetitive practices related to credit cards.

WASHINGTON — One week after the Senate failed to pass an amendment that would have delayed swipe-fee reform for an additional 12 months, the Department of Justice Antitrust Division reportedly is addressing anticompetitive practices related to credit cards.

The agency has submitted a final consent decree in its enforcement action against Visa and MasterCard, according to the Food Marketing Institute.

June 8, 2011

Sens. Jon Tester, D-Mont., and Bob Corker, R-Tenn., have offered an amendment to legislation that is designed to delay swipe-fee reforms.

WASHINGTON — Sens. Jon Tester, D-Mont., and Bob Corker, R-Tenn., have offered an amendment to legislation that is designed to delay swipe-fee reforms.

May 26, 2011

General Nutrition Centers has added PayPal's Mobile Express Checkout to its mobile site.

PITTSBURGH — General Nutrition Centers has added PayPal's Mobile Express Checkout to its mobile site.

The integration exclusively was made by mobile and social commerce provider Branding Brand without any involvement from third-party service providers, and makes GNC one of the first to implement this feature on its mobile site.

May 19, 2011

The National Retail Federation on Wednesday launched a 60-day lobbying, grassroots and media campaign aimed at ensuring that a new federal law — which is designed to save retailers and their customers more than $1 billion a month by lowering the “swipe fees" banks charge to process debit card transactions — takes effect in late July as scheduled.

WASHINGTON — The National Retail Federation on Wednesday launched a 60-day lobbying, grassroots and media campaign aimed at ensuring that a new federal law — which is designed to save retailers and their customers more than $1 billion a month by lowering the “swipe fees" banks charge to process debit card transactions — takes effect in late July as scheduled.

May 5, 2011

Good customer service sells, according to a new study conducted by American Express.

NEW YORK — Good customer service sells, according to a new study conducted by American Express.

April 22, 2011

About one month after launching a mobile application that syncs customers' loyalty cards to provide access to online accounts, Stop & Shop is forging ahead with new technology, according to published reports.

NEW YORK — About one month after launching a mobile application that syncs customers' loyalty cards to provide access to online accounts, Stop & Shop is forging ahead with new technology, according to published reports.

March 16, 2011

The National Retail Federation said legislation introduced Tuesday to delay swipe fee reform, which is scheduled to go into effect this summer, would block retailers from giving discounts to consumers who use debit cards and would cost merchants and the public more than $1 billion per month.

WASHINGTON — The National Retail Federation said legislation introduced Tuesday to delay swipe fee reform, which is scheduled to go into effect this summer, would block retailers from giving discounts to consumers who use debit cards and would cost merchants and the public more than $1 billion per month.

March 9, 2011

The National Association of Chain Drug Stores and the National Community Pharmacists Association on Tuesday urged Congress to permit the Federal Reserve Board to expedite the implementation of an amendment to the financial-reform legislation.

ALEXANDRIA, Va. — The National Association of Chain Drug Stores and the National Community Pharmacists Association on Tuesday urged Congress to permit the Federal Reserve Board to expedite the implementation of an amendment to the financial-reform legislation from Sen. Dick Durbin, D-Ill., that would limit the fees charged to retail merchants on debit card transactions (known as “swipe fees”) to a level that is “reasonable and proportionate” to the costs incurred by the banks and credit card associations to process these transactions.

February 28, 2011

The National Retail Federation last week responded to the Federal Reserve's proposal to cap debit card swipe fees at 12 cents per transaction.

WASHINGTON — The National Retail Federation last week responded to the Federal Reserve's proposal to cap debit card swipe fees at 12 cents per transaction.

January 18, 2011

A mobile shopping platform has inked a deal with an expert and adviser to the payments industry.

BOSTON — A mobile shopping platform has inked a deal to sell its checkout solution to various retailers.

AisleBuyer said that Alliance will sell its mobile self-checkout solution, which allows shoppers to scan a bar code, read product information and reviews, and complete the checkout process directly from a mobile device without having to wait in line.

January 10, 2011

Fujitsu on Monday unveiled its latest checkout technology at the National Retail Federation trade show and also said that supermarket giant Kroger currently is evaluating the new technology in a limited number of its stores to boost the retailer's Advanced Checkout areas.

NEW YORK — Fujitsu on Monday unveiled its latest checkout technology at the National Retail Federation trade show. According to the company, the new technology boasts reduced time in lines and a customer-friendly checkout experience.

December 27, 2010

The IRS issued new guidance Dec. 23 that enables consumers to continue to use flexible spending and health reimbursement account debit cards to purchase prescribed OTC products.

WASHINGTON — Though most might associate the Internal Revenue Service with the Grinch, the IRS came through with a last-minute Christmas present for retailers stung by changes in the tax code related to consumers’ use of flexible spending and health reimbursement accounts to purchase approved OTC products.