RFIDNews | Korea’s largest retailers adopt RFID

Monday, May 5, 2008

South Korea’s two largest retailers, Emart and Hanaro Mart, plan to introduce RFID tracking into their inventory systems. The companies each have reached agreements with several of their major suppliers to begin labeling boxes and pallets with RFID tags before shipping to their warehouses.

Emart’s initial focus will be on small digital devices such as MP3 players. Manufacturers, including Samsung and Fuji, will tag the devices prior to shipment to EMart’s warehouse and logistics center in Yeoju. The tagged inventory will be tracked throughout the supply chain until it reaches store shelves.

Hanaro Mart is using price guidelines to determine what products are tagged, focusing on boxed items costing more than 10,000 KRW (approximately $10 U.S.) produced by manufacturers such as Yuhan Kimberly and Taeyang Industrial. Hanaro’s RFID tracking system will be introduced when they open a new warehouse in Pyongtaek in January 2009.

Recession: hindering or helping contactless payment in the UK?

Analysis from Datamonitor shows sluggish adoption of contactless payment in the UK due to recession, while Barclaycard is arguing the opposite, according to internetretailing.net.

Gilles Ubaghs, financial analyst at Datamonitor, calls the situation a “catch 22.” Consumers aren’t interested in owning a contactless card if there’s nowhere to use it, and retailers don’t want to invest in contactless POS equipment if so few people are using the cards.

UK retailers calling for lowered processing charges on contactless payments

Retailers in the UK are lobbying for emerging payment technology, viz. contactless payment, to be cheaper to process than current debit and credit cards, which are running them hundreds of millions of pounds in processing fees a year, according to The Register.

Canadian Retail Solutions adopt YESpay payment service

Canadian Retail Solutions (CRS) and YESpay International have partnered to deliver EMV chip and PIN managed card payment service to Canadian customers. YESpay’s EMBOSS is an EMV chip and PIN accredited and PCI-DSS Level 1 certified managed payment service.

ILoveVelvet to bring POS retail solutions to U.S.

Retail software provider ILoveVelvet has announced that it is bringing its point-of-sale solutions to the U.S. market.

The technology, a mix of hardware and software, serves luxury brands as well as small and medium-sized retailers, enabling them to execute mobile point-of-sale payments, create a customized in-store experience and enhance product and customer knowledge.

AIBMS launches contactless loyalty program for small businesses

Dublin-based AIB Merchant Services (AIBMS) has announced the launch of its new customizable loyalty program for small to medium-sized businesses, according to siliconrepublic.com.

The new solution, AIBMS loyaltyplus, uses contactless tags from ZapaTechnology that combine multiple loyalty cards onto one single device accepted at AIBMS point of sale terminals.

RFID starter kit announced for use in retail industry

In collaboration with Gerry Weber, RF-iT Solutions and Pranke GmbH have created a starter package for directly managing stocks using RFID technology in the retail industry.

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Korea’s largest retailers adopt RFID