PaymentsJournal
SUBSCRIBE
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
  • Analysts Coverage
  • Truth In Data
  • Podcasts
  • Videos
  • Industry Opinions
  • News
  • Resources
No Result
View All Result
PaymentsJournal
No Result
View All Result

Lowes Takes Lead in Large-Market Merchant Smartphone Card Acceptance

Mercator Advisory Group by Mercator Advisory Group
September 12, 2011
in Analysts Coverage
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Lowes announced that it was deploying 42,000 iPhones for use by its in-store employees – replacing purpose-built barcode scanners and including payment functionality. No word on how card payments will be processed by the mobile devices – i.e. if magstripe / chip readers will be used or if payments will take place through a virtual mobile terminal – but Mercator will be following the story closely as it develops.

The home improvement retailer has already begun to implement the iPhones in its stores in the United States and Canada and expects to complete the rollout by the end of the fiscal year. By replacing scanner guns with iPhones, Lowe’s hopes to make it easier for store associates to answer customers’ questions and, eventually, complete purchases.

“The iPhone’s will allow our employees to check inventory availability, access how-to videos and use Lowes.com in the aisles of our store,” said Lowe’s spokesperson Abby Buford. “We will continue to add functionality to the devices over time, but this will allow for a simple and seamless transition between customers and employees.

“Our goal is to make home improvement simple for customers and our employees,” she said.

Several retailers are arming store associates with mobile devices, including Lowe’s competitor Home Depot, which started giving employees handheld Motorola devices last year.

Lowe’s strategy calls for the devices to eventually enable mobile calling, emailing, text messaging and the processing of credit and debit card transactions, according to reports.

Click here for more

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

    Analyst Coverage, Payments Data, and News Delivered Daily

    Sign up for the PaymentsJournal Newsletter to get exclusive insight and data from Mercator Advisory Group analysts and industry professionals.

    Must Reads

    commercial payments

    Optimizing Commercial Payments in the Digital Age

    March 21, 2023
    cross-border payments

    Cross-Border Payments: Fighting
    E-Commerce Fraud Using Data

    March 20, 2023
    fraud, ChatGPT-4

    How to Fight Fraud While Still Enabling a Great Online Customer Experience

    March 17, 2023
    RTP

    Financial Institutions Without an RTP Strategy Risk Being Left Behind

    March 16, 2023
    visa chargeback

    New Visa Chargeback Guidelines Will Be a Game Changer

    March 15, 2023
    liquidity management

    Liquidity Management Takes on Increasing Importance in Uncertain Economic Times

    March 14, 2023
    payments

    Key Challenges from Growing Payment Methods and Volume

    March 13, 2023
    Data Governance is a Journey, financial data

    How FIs Can Power Their Operations with a Modern Data Architecture

    March 10, 2023

    Linkedin-in Twitter

    Advertise With Us | About Us | Terms of Use | Privacy Policy | Subscribe
    ©2023 PaymentsJournal.com

    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    Menu
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Videos
    • Industry Opinions
    • Recent News
    • Resources
    Menu
    • Industry Opinions
    • Recent News
    • Resources
    • Analysts Coverage
    • Truth In Data
    • Podcasts
    • Industry Opinions
    • Faster Payments
    • News
    • Jobs
    • Events
    No Result
    View All Result

      Register to download the Autorek complimentary report: Payments Industry Outlook 2023: