Survey: Google most likely to win mobile wallet war
Naples, Fla. –Google is poised to win the “mobile wallet war” according to a survey of attendees at the National Retail Federation’s annual 2013 convention in New York. The survey was conducted by ACI Worldwide, a leading international provider of payment systems.
Over half (52%) of respondents said they believe Google would come out on top when it comes to mobile payment systems. An additional 25% believe PayPal will come out on top, while nearly one in five respondents (19%) believes a new market entrant could gain traction in this emerging segment.
When asked what will most impact retailers in the next 12-18 months, nearly a third of respondents (32%) cited the entrance of new mobile wallet providers, while there was a fairly even split that the United States’ EMV migration (28%) and PCI data security standards (23%) would be the market development that would most impact retailers.
Additional highlights from the survey, include:
The biggest barrier to entry for retailers seeking to launch a mobile strategy is the lack of common standards for payments (44%).
Fifty-six percent of respondents say retailers are “unprepared” or “very unprepared” to meet 2013 and 2014 US EMV migration deadlines; only 2% of respondents think retailers are “very prepared.”
The majority of respondents feel that the retail industry is only somewhat, or not at all, compliant with PCI Data Security Standards (63%).
Nearly all respondents (83%) believe the rate of implementation of contactless POS will increase or significantly increase as compared to 2012.
The biggest risk to retailers implementing a mobile payments strategy is increased instances of fraud and customer privacy protection (a combined 68%).
"The data we collected shows a variety of issues facing the retail industry,” said Jeff Hale, senior VP, retail payments, ACI Worldwide. “ Simply stated, we are at an inflection point as retailers face pressure to implement mobile payment strategies, meet EMV migration deadlines and comply with PCI data security standards. ACI, and other solution providers, must be prepared to work with our retail partners to help guide them as they navigate a unique, and exciting, time for our industry.”
Asda optimizes distribution
Walmart’s U.K. chain, Asda, is optimizing its distribution operations by incorporatingIsotrak vehicle-tracking, along with Paragon routing and scheduling software.
The new system has enabled Asda to implement a new regional distribution structure.
With the system, Asda said it has been able to improve delivery services to itsstores, make better use of driver resources, ensure route compliance andreduce operational costs.
“Asda transportation has been completely transformed to provide newefficiencies across the board. TTS has enabled this and is providing significantimprovements in the way we plan and manage our resources and in how we planmore than 18,000 store deliveries a week using our 900 strong fleet. Theresults of this business change are on-time delivery improvements to thestores, optimization of our driver and vehicle resources and greater routecompliance, which is also reducing mileage, fuel costs and emissions,” saidChris Hall, national transport manager for Asda.
“We have moved away from individual planning for each distribution centerand have created seven planning regions across the United Kingdom that provide a cleardifferentiation between regional planning to maximize geographicalresources and local execution for compliance to plan and accountability for storeservice. There are 21 DCs within the regions – two in Scotland, three in theNorth East, four in the North West, three in Yorkshire, four in theMidlands, three in the South West and two serving the South East. It is true tosay that this would be impossible to do without an effective system andprocess.”
Bob Evans to sell off 145-unit Mimi’s Café for $50 million
Columbus, Ohio– Bob Evans Farms said Tuesday it will divest its Mimi’s Café restaurant chain, selling it to LeDuff America – owner of Bruegger’s Bagels – for $50 million.
LeDuff America, a subsidiary of French bakery conglomerate Groupe LeDuff SA, will add the 145 Mimi’s units to its current portfolio of café-bakeries and coffee shops, including La Madeleine Country French Cafe, Brioche Doree, Bruegger’s Bagels, Timothy’s Coffee and Michel’s Baguette.
"This transaction is a positive development for Bob Evans as well as for Mimi’s Café,” said Bob Evans chairman and CEO Steve Davis. “After closing the sale, Bob Evans will have reset itself to better focus efforts and investments on achieving our long-term commitment to grow earnings per share 8% to 12% annually.”
Davis said the company will work to continue growth initiatives at Bob Evans Restaurants, such as the Farm Fresh Refresh remodeling program and geographic expansion through new restaurant openings.