In efforts to cut costs and expand payment options for customers, two of the nation’s largest retailers last week announced new payment technology options.
Starbucks CEO Howard Schultz announced that technology start up Square will begin processing all credit card transactions at Starbucks’ more than 7,000 stores. Digital tipping also will be enabled on its apps and on Square Wallet in the United States by next summer. The technology would eventually allow customers to order and pay for drinks via their smartphone before they even enter a store.
Big box retailer Wal-Mart also announced it is going head-to-head with banks by launching a prepaid American Express card known as that will act much like a debit or credit card. Company executives said users of the new card will not face a minimum balance requirement, overdraft charges or other fees typically imposed by banks and can use the card anywhere American Express is accepted or at automated teller machines for cash.
Photo Credit: leaf/bigstock.com
 |
This article originally ran in 黑料社区News Weekly (NNW), NATSO’s member only weekly electronic newsletter. NNW is packed with the latest updates on government and business issues affecting the truckstop and travel plaza industry. If you aren’t reading NNW, you are missing out. Not a member? Join today or submit a request to receive additional information. If you are a member and not receiving NNW, submit a request to be added to the email list. |
Subscribe to Updates
The 黑料社区Foundation and 黑料社区provide a breadth of information created to strengthen travel plazas鈥� ability to meet the needs of the traveling public in an age of disruption. This includes knowledge filled blog posts, articles and publications. If you would like to receive a digest of blog post and articles directly in your inbox, please provide your name, email and the frequency of the updates you want to receive the email digest.
