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NEW RETAIL TECHNOLOGY FINALLY TURNS IN-STORE CHECK-OUTS INTO REAL CUSTOMER EXPERIENCES TO MAKE PAYMENTS PAY

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Co-created by payment experts, Mike Ausems and Daniel Maurice-Vallerey, and backed by former deputy CEO of Visa Europe, Philippe Menier, YelloPad is a fully integrated payments
  • World’s first fully integrated marketing and payments device brings online experience in-store
  • YelloPad is an android phablet and platform device incorporating ordering, payment, browsing and marketing
  • Announces first partnership with Yoyo Wallet
  • 2017 analyst predictions say retailers will compete to get closer to their customers through experience based platforms – Bricks and mortar retailers competing for the best in-store experience can now offer customers best service without long queues –

YelloPad, a revolutionary third-generation payment terminal, has just been unveiled at Trustech (formerly Cartes).

Co-created by payment experts, Mike Ausems and Daniel Maurice-Vallerey, and backed by former deputy CEO of Visa Europe,Philippe Menier, YelloPad is a fully integrated payments and marketing platform, highly flexible for both fixed and mobile usage, indoor and outdoor, and for a wide range of industries including retail, hospitality, healthcare and loyalty. Up until now, merchants have used separate point-of-sale systems that integrate with a third-party application or device to accept payments. Now, with YelloPad, a merchant need only use one single phablet device to deliver ordering, queue busting, marketing, customer browsing and of course, payment capabilities.

Last month, Forrester released areport predicting the ways in which the customer dynamic is set to change in 2017. Among the predictions was that one-third of companies in the B2C space will begin changing their business structure to get closer to the customer and effectively compete on the basis of experiences.

Mike Ausems, co-Chief Executive Officer and co-founder of Yello, says the next generation of payment terminals will enable businesses to get closer to their customers than ever before.

“Assisted sales and the phasing out of central cashiers are the tip of the iceberg of an on-going revolution in face-to-face checkout. Payments need to be quick, simple, secure and painless leaving the sales associate free to extend their relationship with the consumer who can then engage on their own terms – whether that be simply ordering and paying, getting attractive offers, browsing relevant apps and being rewarded in a way that is individually meaningful. We have created an affordable solution that payment processors, merchants, developers and consumers can use to increase revenues, reduce costs, share apps and provide feedback.”

The same Forrester report said that CEOs and business leads will, in 2017, start to come to terms with the deep-rooted changes necessary to win in a customer-led and digital-centric market. Daniel Maurice-Vallerey – Co-Chief Executive Officer and Co-Founder, adds:

“Up until now, it hasn’t really been possible to deliver the rich checkout experience at the point of sale that retailers and consumers are now demanding. Also current PIN entry shielding solutions are awkward and we have focused on that. Payment terminals have been disconnected from the rich, open Android application ecosystem. We wanted to offer acquirers and merchants a convenient platform for innovative value added services at point of sale. In addition, no easy way existed to buy and integrate a bankcard terminal, at scale, with a plug and play approach, and we have addressed that too.”.

Yello is currently in discussions under NDA with leading names in retail, hospitality, healthcare and loyalty.  With the power of data implicit in this new integrated point-of-sale, it is no coincidence that the first partnership being announced today is withYoyo Wallet, the leading rewards and loyalty player who recently partnered with UK coffee chain, Caffe Nero.

Alain Falys, Co-Founder and CEO, Yoyo Wallet, says, “We’re thrilled to be partnering with Yello, a leader in multipurpose terminals. For Yoyo Wallet, innovation around mobile transactions should go beyond just payment, and Yello does just that, creating a better in-store experience for both brands and their customers. That’s why it makes perfect sense that the first app running on the YelloPad platform (Yello app store) is Yoyo Accept.”

At the beginning of 2017 YelloPads will go through the required approvals and certifications, including EMV and PCI PTS security standards. Starting in April YelloPads will be gradually rolled out to acquirers and merchants.

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Senior leaders call on UK businesses not to fail young people

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Senior leaders call on UK businesses not to fail young people 1

Leaders across major businesses including Barclays, M&S and BAE Systems call for more businesses to join Movement to Work

  • The number of 16 to 24-year-olds in employment has dropped to a record low of 3.51m, after a fall of 244,000 in the past 12 months
  • Leaders and decision makers across major businesses including Marks & Spencer, Unilever, Diageo and Tesco call for more businesses to create work experience opportunities for young people, to improve conversion into permanent employment
  • Movement to Work (MtW) CEO warns of missing talent and letting young people down – charity offering business support free-of-charge

Nearly one year on from the first lockdown, and more than one in ten young people have lost their job, with the number of 16 to 24-year-olds in employment falling to a record low of 3.51m. Furthermore, 50% of students have felt their mental health decline during the Covid-19 pandemic. This bleak reality has raised alarm amongst many senior business leaders and decision makers, who fear letting down a generation and wasting unthinkable amounts of talent if we do not do more to help immediately. They are calling on UK businesses to support young people by providing work experience opportunities to break the cycle of “no experience – no job, no job – no experience” that so many are facing. Movement to Work – a not-for-profit youth employment charity – is offering help to any organisation willing to set up such schemes.

During the pandemic, under 25s were more likely than any other age group to be furloughed. The same age group now makes up a third of universal credit claims. Millions of young people are already struggling, and the future looks even more grim, with a think tank predicting that young people are a third less likely to be in employment three years after entering than if the pandemic never happened.[1]

Leaders from major businesses including Tesco, Marks & Spencer, BT, Accenture, BAE Systems, Barclays, Unilever have joined Movement to Work’s network of employers and have collectively delivered over 100,000 work placements for young people to date, with a large number of these resulting in permanent employment. Now , they are urging other UK businesses of all sizes to join the movement to hit 200,000 placements at pace.

Hosting a summit on 24th February, these leaders will join young people to discuss how they can help the next generation into employment. Minister for Employment Mims Davies and Secretary of State Thérèse Coffey is also expected to appear. The annual event, which will be held virtually for the first time this year, is a unique opportunity to talk honestly and boldly about the issues at hand, and what can be done to resolve them.

 Natasha Adams, Chief People Officer, Tesco PLC said: “Tesco has always been a place to get on and we’re proud that so many of our fantastic colleagues started their careers at a young age. Movement to Work works alongside companies to nurture those who might otherwise feel excluded from the workforce. The effects of the pandemic mean it is more important than ever to support our young talent and provide the tools, support and opportunities for them to succeed in their future careers.”

Charles Woodburn, Chief Executive Officer, BAE Systems, said: “This is a critical time not only for young people, but for UK business as a whole. Those of us who can, must continue to support young people, providing opportunities to develop the skills and confidence they need both for their future success and the country’s economic prosperity.”

Olly Benzecry, Chairman of Accenture (UKI) and Chair of Movement to Work, said: “Young people have been hardest hit as the UK unemployment rate has risen to new heights during the last year. With sectors that many young people traditionally find employment in, such as retail and hospitality, being disproportionately affected by Covid-19, the younger generation are missing out on vital experience, learning and stability that will help them fulfil their potential. UK business must play a vital role in safeguarding the workforce of the future, which is why it is our collective responsibility to make a purposeful impact.”

Sam Olsen, CEO Movement to Work said: “The moral case for helping young people right now is really clear, but the business case is stronger with each day – setting up work experience programmes generates a fantastic diverse talent pipeline for an organisation, and there’s lots of government-backed schemes like Kickstart to help make it cost effective. We understand times are tough, so Movement to Work can help you figure out the right fit for your organisation, and have a positive impact in the community as a direct result.”

Key speaker at the summit is MtW Youth Ambassador Sam Meakings, now a Youth Employability Coach at the Department for Work and Pensions (DWP). After years of struggling to find permanent work, he has been helping young people into jobs throughout the pandemic: “I have come full circle. I have suffered the stress and lack of confidence that comes with a long path to the world of work, but starting with the Movement to Work programme, I have spent the last few years building a career I love. Now I am a Youth Employability Coach. The work is so rewarding, but I know first-hand that our young people need willing employers more than ever.”

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Disney CEO says households without kids have boosted streaming success

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Disney CEO says households without kids have boosted streaming success 2

LOS ANGELES (Reuters) – Surprisingly strong interest from adults who do not have kids at home has helped increase subscriptions to Walt Disney Co’s Disney+ streaming service beyond initial projections, Chief Executive Bob Chapek said on Monday.

Disney+ debuted in November 2019 and growth has exceeded Wall Street expectations and Disney’s forecast. While Disney is known for family entertainment, Disney+ also features movies and TV shows from Marvel, “Star Wars” studio Lucasfilm and others.

As of Jan. 2, Disney+ had signed up 94.9 million customers worldwide. Half of those live in households without children, Chapek said, a higher proportion than expected.

“What we didn’t realize was the non-family appeal that a service like Disney+ would have,” Chapek said via online video to the Morgan Stanley Technology, Media and Telecommunications Conference.

“In fact, over 50% of our global marketplace don’t have kids,” he added. “When 50% of the people in Disney+ don’t have kids, you really have the opportunity now to think much more broadly about the nature of your content.”

The service has generated buzz for current Marvel show “WandaVision” and “Star Wars” series “The Mandalorian” featuring the character known as Baby Yoda.

Chapek, who became Disney CEO a year ago, refocused Disney’s media and entertainment businesses to make streaming the priority as customers gravitate to options such as Netflix Inc.

In December, Disney raised initial projections and said it expected to attract as many as 350 million global subscribers across all of its streaming services, which include Hulu and ESPN+, by the end of fiscal 2024.

(Reporting by Lisa Richwine; Editing by Sonya Hepinstall)

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Zoom shares rise on strong current-quarter forecast, upbeat results

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Zoom shares rise on strong current-quarter forecast, upbeat results 3

(Reuters) – Zoom Video Communications Inc forecast current-quarter revenue above expectations, as the company expects millions of people to continue using its video-conferencing platform to work remotely and attend online classes, sending its shares up 10%.

When the COVID-19 pandemic hit, Zoom was a relative upstart founded by a former Cisco executive that had gone public on a promise to make video conferencing software easier to use.

However, businesses around the globe took to the company’s video conferencing services during the virus outbreak. Zoom has since seen a meteoric rise over the last year, with investors keen on knowing if the firm can maintain this level of growth.

Eric Yuan, founder and chief executive officer of Zoom, said the firm was “well positioned for strong growth” in the coming year.

The company forecast current-quarter revenue between $900 million and $905 million, compared with estimates of $829.2 million, according to IBES Refinitiv data.

Zoom has seen its user numbers surge in the past year, while its shares more than quadrupled during the same period. The platform said it has 1,644 customers contributing more than $100,000 in trailing 12 months revenue, more than double from a year earlier.

The company reported quarterly revenue of $882.5 million, compared with estimates of $811.8 million. On an adjusted basis, Zoom earned $1.22 per share, beating estimates of 79 cents per share.

The company’s shares, which closed up 9.6% on Monday, were trading at $452 after the bell.

(Reporting by Eva Mathews in Bengaluru; Editing by Shounak Dasgupta)

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