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Payments NEXT newsletter: Connected commerce worth $265 billion, Sam's Club goes cashierless, rethinking loyalty programs and efficiency, and your weekly payments news roundup
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Here's your Payments NEXT’s weekly newsletter and Friday global payments news roundup. Our features include a look at connected car commerce which could be worth $265 billion by 2023. We highlight Sam's Club in Dallas, which is launching a cashierless checkout and app in a mid-sized footprint. Also, we look at how to make your loyalty programs, more efficient, cost-effective and profitable. Finally, there's our Friday global payments news roundup for your weekend reading. Enjoy.
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Connected car commerce will zoom to $265 billion by 2023
When you connect car lovers with e-commerce, you end up with a potential marketplace of $265 billion by 2023, according to the latest Juniper Research report. The report predicts the number of connected vehicles will jump from 330 million in 2018 to more than 775 million by 2023. That means connected car commerce could exceed 8.2 billion transactions by 2023. Read more... |
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Sam’s Club goes cashierless checkout in new Dallas store
If you’re a Sam’s Club shopper in Dallas, you’ll soon be able to use a new “Sam’s Club Now” app to scan and pay for your groceries and exit the new high-tech store at a cashierless checkout. Think of it like Amazon Go, except bigger and with more product choices for shoppers. At 32,000 ft.², the new cashierless store will be one-quarter the size of a traditional Sam’s Club store and focus on produce, meat, and alcohol. Read more…
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Rethinking loyalty: How to remove inefficiency from your loyalty program
Is your original pre-digital loyalty program meeting the needs of new digital-savvy consumers with sky-high expectations? A new whitepaper from West Monroe Partners suggests many loyalty programs are over-complicated, too transactional, and too homogeneous. They no longer meet their original goal of inspiring true customer loyalty. The research is clear – consumers actively engage with fewer than half of the loyalty programs in which they’re enrolled. Read more... |
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Payments NEXT – Nov 2: Global payments news roundup
The pace of payments news picked up dramatically as we get closer to Black Friday and holiday sales. Here’s the global payments news that caught our attention starting with Adobe’s prediction of a record $124 billion holiday e-commerce season. Eight US retailers including Sears, Claire’s and JCPenney must have a strong holiday sales season to survive. Connected car commerce could reach $265 million in sales by 2023. In Lone Pine, Colorado, a new Amazon 4-star store opens while Sam’s Club launches a cashierless checkout store in Dallas. All this and much more payments news you can use. Read more… |
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