The seemingly unending growth in online shopping is doing more than closing physical stores. The point of sale in the stores that remain is changing, and along with it, payments providers, says Javelin Strategy & Research in its “2017-2021 Retail Point of Sale Payment Forecast.” As consumers continue to increase their spending online rather than in stores, retailers and their payments providers will have to adapt more than they have already, says Michael Moeser, director of payments at Pleasanton, Calif.-based Javelin. Chief among the findings is that the sales shift from physical stores to online ones will come at the expense of face-to-face transactions, the report says. Will grow from $518 billion in 2016 to $708 billion by 2021, while retail sales in physical stores will go from $4.46 trillion to $4.36 trillion.
E-commerce sales made up 9.1% of all third-quarter 2017 U.S. Retail sales, almost a full percentage point increase from 8.2% in the same quarter a year ago, says the Census Bureau of the Department of Commerce. For payments companies, online retail growth does not signal a diminution of the importance of physical POS sales, Moeser says in an email to Digital Transactions News. “The important thing to remember is that many physical merchants also have a digital presence, however, many times there is a lack of coordination between the two,” Moeser says. “Oftentimes, the Web site by a ‘storefront’ merchant has a different acquirer, which can make it difficult when a consumer buys something online and brings it into a store for a return or exchange.
Having the same acquirer can often help solve the payment side of this transaction.” will want to sell both in-store and digital card acceptance, despite the often different sizes of the two businesses, he says. “For example, a storefront may run 80% of the revenue and the Web site only 20%. So to have two different acquirers doesn’t make sense for the store or either acquirer.
Javelin Pos
In this case, it behooves an acquirer to sell both services.” The report cites other changes, such as a decline in paying with paper checks, growth opportunities for credit and debit cards, and a potential expansion of mobile payments and wallets. Moeser predicts that mobile-wallet use, in particular, will “explode starting in 2018.” A big reason for that is that retailer-based mobile wallets, such as Walmart Pay, Kohl’s Pay, and Target Wallet, have something that multiretailer wallets have yet to achieve: retailer engagement. “The value of a Walmart, CVS, or Target-type retailer wallet is that it holds a rewards card or program so you no longer need to carry a physical card or something on your key chain, coupons, receipts, payment cards, prescriptions or other standing orders, and more,” Moeser says. “Yes, having a CVS wallet is not going to help you at Target or Walmart, but it will help you if CVS is a place where you spend 25% to 50% of your retail dollars or it’s somewhere you go to get a prescription.” Consumers will have only one or two retailer wallets for places they shop frequently or have important things they need to keep track of such as a prescription, he says.
Mobile POS (point of sale) acceptance is posing a growing threat to traditional terminal based solutions and vendors providing the existing functionality of a terminal at lower processing fees and easier application processes. Mobile POS has the capacity to attract all merchant tiers: from small self?employed cash?only vendors to the largest big?box U.S. What is the potential size of the card acceptance market when mobile POS terminals are installed? Who are the consumer segments to target for early adoption?
Join Javelin’s industry analyst, Mary Monahan, as she highlights the understanding of this crowded mobile POS marketplace to drive consumer adoption. Mary will share insights from 14 mobile POS terminal solution providers, highlight best practices for driving the payment acceptance among merchants, and present the mobile card acceptance U.S. Dollar market potential. During this webinar Mary will address:. What is the merchant market potential for mobile POS solutions?.
Javelin Systems Inc
What are the benefits and drawbacks to mobile POS over terminal-based solutions?. Who are the key providers of mobile POS and how do their service and strategies differ?. How do consumers view the security of mobile POS?
Books.google.com.ua - Mobile commerce, or M-commerce, is booming as many utilize their mobile devices to complete transactions ranging from personal shopping to managing and organizing business operations. The emergence of new technologies such as money sharing and transactional applications have revolutionized the way we. Securing Transactions and Payment Systems for M-Commerce.
Third Party Analyst Firm Releases First 2013 Mobile Point of Sale (POS) Business and Market Impact Report San Francisco, CA, April 29, 2013 – Mobile POS (point of sale) acceptance is attracting small merchants to big-box retailers, posing a growing threat to traditional terminal-based solutions and vendors. Javelin Strategy & Research released the firm's first report, which provides an actionable market sizing of the merchant marketplace and feature comparisons among 14 selected leading solution providers in the POS space. In addition, the report explores provider strategies, best practices and recommendations to capture and expand market share. Mobile POS expands the existing market for the card payment networks, as Javelin estimates that mobile POS could expand current payment card acceptance by as much as 20 million firms if eligible firms started accepting payments. This impact could account for up to $1.1 trillion in annual new?card payments. “The new mobile POS players pose a threat to the traditional POS terminal and acquiring businesses, which must adapt, invest, or acquire,” said Mary Monahan, Executive Vice President and Research Director – Mobile at Javelin Strategy & Research.
“Vendors need to stay informed on competitor moves and react immediately to pricing or feature changes to remain relevant and competitive in today’s dynamic POS environment.' Mobile POS has the capacity to attract all merchant tiers: from small self?employed cash?only vendors to the largest big?box U.S. And the allure of mobile POS reaches both sides of the counter — the majority of consumers currently view mobile POS acceptance as very or extremely convenient. However, translating mobile POS’s strategic benefits and consumer appeal into broad adoption requires an understanding of both the crowded mobile POS acceptance marketplace, feature set, and pricing, and the consumer segments to target for early adoption.
Javelin Strategy & Research’s evaluates the merchant market for mobile POS solutions, the benefits and drawbacks of the solutions, as well as who are 14 key providers of mobile POS and how their services and strategies differ. It is based on two online surveys of more than a total of 9,000 consumers, as well as interviews with executives at 14 mobile POS vendors and 2 related payment firms. The 14 mobile POS vendors included are Corduro, FirstData Pogo, Fiserv SpotPay, GoPago Live, Groupon Merchants App and Breadcrumb, Heartland Payment System Mobuyle, Intuit GoPayment, LightSpeed, NCR Silver, PayAnywhere, PayPal Here, ROAM, Square Register, VeriFone PAYware and GlobalBay. The report contains 42 pages and 14 graphs. Learn More: About Javelin Strategy & Research Javelin Strategy & Research, a division of Greenwich Associates, provides strategic insights into customer transactions, increasing sustainable profits for financial institutions, government, payments companies, merchants and other technology providers. Javelin’s independent insights result from a uniquely rigorous three-dimensional research process that assesses customers, providers, and the transactions ecosystem.
Presentation assistant ultimate keygen software. DOWNLAOD LINK ===> From GoldGingko: Presentation Assistant allows users to annotate on screen and zoom into certain portions for quick explanation.
A style can apply a consistent look across the whole document instead of having to format each section individually, in the style setting, you can make arrangement for section headers, body text font, header section font, paragraph spacing, color scheme for SmartArt, charts, and shapes etc. 80 byte file format. Microsoft Office provide a powerful style tool to help you manage your eft byte file appearance and formatting.
Media Contact Nancy Ozawa Marketing Communications (925) 219-0116.