The history of technological advancement shows that once we experience progress, we never like returning to the status quo. One of my favorite examples of this is a significant western states convenience retailer that began reviewing sales margins by item multiple times per day.
With EMV (EuroPay, MasterCard and Visa) timelines quickly approaching the convenience-store and retail-petroleum industries, POS system providers, pump providers and merchants are preparing for the October 2015 liability shift for in-store systems and the October 2017 liability shift for automated fuel dispensers. As retailers become acquainted with EMV and the needed system enhancements to support EMV, they soon learn that EMV can be a time-intensive and costly endeavor.
After years of claims that hydrogen fuel-cell technology was about to debut—only to be delayed—it appears we now have a firm date: 2015. That’s when Toyota, Honda and Hyundai plan to introduce hydrogen fuel-cell electric vehicles (FCEV) to the mass market, and California hopes to open the first network of about 37 hydrogen-fueling stations in the country. The hard part? Getting those fueling stations open.
The world of prepaid and gift cards is about to undergo a sweeping transformation, and smartphones and digital habits are the catalysts. The foundational shift comes from the growing use of mobile phones as transactional devices.