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IHL: Do retailers have their heads in the clouds?
When it comes to systems infrastructure, retailers are moving in a particular direction.
According to a new study from IHL Group, “Total Retail SaaS Market,” 26% of all retail spending on software in 2016 in North America will be cloud-based. This includes 60% of retailers’ e-commerce spend and 53% of their BI/analytics and sales/marketing software spend will be on cloud-based systems.
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Visa makes play in mobile payment space
Visa Inc. has disclosed an investment stake that indicates it has a strong interest in helping retailers process mobile transactions.
In a filing with the Securities and Exchange Commission (SEC), Visa said it holds 3.5 million shares in payment processing provider Square, equal to a 10% stake. The investment was worth about $30 million as of Thursday, Feb. 11.

