A new study from Juniper Research has found that revenue from tokenisation provisioning and management in mobile payments will exceed $53 billion in 2025, from $18 billion in 2020.
Retail Data Capture Technology News
Automatic Identification and Data Capture (AIDC) refers to the process of automatically identifying and collecting data about objects/goods, then logging this information in a computer. The term AIDC refers to a range of different types of data capture devices. These include barcodes, biometrics, RFID (Radio Frequency Identification), magnetic stripes, smart cards, OCR (Optical Character Recognition) and voice recognition. AIDC devices are deployed in a wide range of environments, including: retail, warehousing, distribution & logistics and field service.
Mobile payment tokenisation revenue to exceed $53 billion globally by 2025, as OEM pays & wallets drive adoption
Mar 29, 2021 Comments (0)
Mar 23, 2021 Comments (0)
GANT, the branded apparel retailer with over 750 stores in 80 countries, is close to completing a rollout of Cegid Retail’s Unified Commerce Platform across Europe in a bid to improve stock management and customer service across multiple channels and territories.
Mar 23, 2021 Comments (0)
Popular non-essential retail shops are set to reopen in a few weeks, in line with rules for shoppers returning to the high-street easing on 12 April. For those without an online offering, this means welcoming back customers after months of uncertainty.
eFax research reveals IT decision-makers in retail accelerating digital transformation of paper-based processes as a direct result of disruption caused by Brexit
Mar 22, 2021 Comments (0)
eFax, the online fax solution, has announced the findings of research revealing how UK Retail IT decision-makers are accelerating digital transformation of paper-based processes as a direct result of disruption caused by the UK leaving the EU (Brexit).
Mar 16, 2021 Comments (0)
Flying Tiger Copenhagen, the variety retailer, is launching MishiPay’s mobile self-checkout solution, which offers the potential for the revitalisation of the high street after a tough retail year.
A lack of one-click convenience and quick-pay options at the check-out is costing retailers conversions
Mar 09, 2021 Comments (0)
Poor checkout experiences, including a lack of one-click or quick payment options, risks losing retailers hard won online conversions, the latest data from parcelLab, the leading operations experience platform, revealed.
Mar 03, 2021 Comments (0)
New research shows that half (50%) of shoppers call QR codes ‘the future of shopping’, despite their relative scarcity pre-pandemic.The study, conducted in January 2021 by retail innovation agency Outform, covers a representative sample of 2,000 global respondents, and delves into how coronavirus has changed shoppers’ habits and attitudes.
Mar 02, 2021 Comments (0)
LogRhythm has announced multiple areas of growth as a result of customer- and employee-centric initiatives implemented in 2020.
Ergonomic Solutions and OtterBox collaborate to introduce the mCase Duo for the OtterBox uniVERSE range for smartphone and tablet mPOS integration
Mar 01, 2021 Comments (0)
Ergonomic Solutions, the designer, manufacturer and supplier of mounting & mobility solutions for point-of-sale technology, has formed a collaboration with OtterBox, a global provider of premium protective products for smartphones and tablets, to provide a versatile and cost-efficient solution to integrate mPOS solutions for retail and hospitality.
Feb 24, 2021 Comments (0)
Digital signage software solutions provider Navori Labs has launched Aquaji, an AI-driven marketing analytics software that can improve the customer experience in physical environments, including brick and mortar stores, restaurants and shopping malls, and enhance digital out-of-home (DOOH) advertising.
Automatic Identification and Data Capture (AIDC) refers to the methods of automatically identifying objects, collecting data about them, and entering that data directly into computer systems (i.e. without human involvement). Technologies typically considered as part of AIDC include bar codes, Radio Frequency Identification (RFID), biometrics, magnetic stripes, Optical Character Recognition (OCR), smart cards, and voice recognition. AIDC is also commonly referred to as “Automatic Identification,” “Auto-ID,” and "Automatic Data Capture."
Barcoding has become established in several industries as an inexpensive and reliable automatic identification technology that can overcome human error in capturing and validating information. AIDC is the process or means of obtaining external data, particularly through analysis of images, sounds or videos. To capture data, a transducer is employed which converts the actual image or a sound into a digital file which can be later analysed. Radio frequency identification (RFID) is relatively a new AIDC technology which was first developed in 1980’s. The technology acts as a base in automated data collection, identification and analysis systems worldwide
In the decades since its creation, barcoding has become highly standardised, resulting in lower costs and greater accessibility. Indeed, word processors now can produce barcodes, and many inexpensive printers print barcodes on labels. Most current barcode scanners can read between 12 and 15 symbols and all their variants without requiring configuration or programming. For specific scans the readers can be pre-programmed easily from the user manual.
Despite these significant developments, the adoption of barcoding has been slower in the healthcare sector than the retail and manufacturing sectors. Barcoding can capture and prevent errors during medication administration and is now finding its way from the bedside into support operations within the hospital.
RFID is the wireless non-contact use of radio-frequency electromagnetic fields to transfer data. Unlike a bar code, the tag does not necessarily need to be within line of sight of the reader, and may be embedded in the tracked object. It can also be read only or read-write enabling information to be either permanently stored in the tag or it can be read-write where information can be continually updated and over-written on the tag.
RFID has found its importance in a wide range of markets including livestock identification and Automated Vehicle Identification (AVI) systems and are now commonly used in tracking consumer products worldwide. Many manufacturers use the tags to track the location of each product they make from the time it's made until it's pulled off the shelf and tossed in a shopping cart.
These automated wireless AIDC systems are effective in manufacturing environments where barcode labels could not survive. They can be used in pharmaceutical to track consignments, they can also be used in cold chain distribution to monitor temperature fluctuations. This is particularly useful to ensure frozen and chilled foods have not deviated from the required temperature parameters during transit.
Cost used to be a prohibitive factor in the widespread use of RFID tags however the unit costs have reduced considerably to make this a viable technology to improve track and trace throughout the supply chain. Many leading supermarket chains employ RFID insisting that their suppliers incorporate this technology into the packaging of the products in order to improve supply chain efficiency and traceability.