Retail TouchPoints

SEPTEMBER 17, 2022

The bureau also released the Buy Now, Pay Later: Market Trends and Consumer Impacts report, which found that Affirm, Afterpay, Klarna, PayPal and Zip together provided 180 million loans totaling over $24 billion in 2021, a near tenfold increase from 2019. Apparel and beauty companies accounted for 80.1% in 2020; A total of 13.7%

Consumer 217

Consumer Payment Services Apparel Accounting 217

Retail TouchPoints

JULY 22, 2021

In this article, we take a look at the key risks that may be faced by retail businesses in 2021 but also through the next decade. This has increased e-commerce’s share of global retail to 17% in 2020, up from 14% in 2019. More data processed gives way to more possibilities of data breaches. The lingering impact of COVID-19.

Payment Services 305

Payment Services Consumer Customer Experience Accounting 305

Retail TouchPoints

JULY 14, 2021

Ap p le will reportedly team up with Goldman Sachs to launch its own buy now, pay later (BNPL) platform that lets shoppers make Apple Pay payments in installments, according to Bloomberg News. Apple plans to make Apple Pay Later available both in-store and online, a nod to the growing cross-channel popularity of BNPL services.

Payment Services 299

Payment Services Planning Accounting Marketing 299

Retail TouchPoints

JANUARY 11, 2021

year-on-year through September 2020, boosting ecommerce’s share of its total sales from 33% in 2019 to 59% during this period. Q3 2020 net sales for all channels climbed 25.3% Additionally, each time they visit, we process and analyze new data to further improve their experience.”. year-on-year.

Payment Services 249

Payment Services Location Fulfillment Customer Experience 249

Retail TouchPoints

NOVEMBER 14, 2022

American Dream missed a payment of $8.8 1, 2022, and the balance in the reserve account previously used to make payments on the loans is $862.12. However, the missed payment didn’t constitute a default nor did it require the megamall to pay back the $287 million loan it was for. million on Aug.

Payment Services 229

Payment Services Finance Accounting Shopping 229

Retail TouchPoints

JANUARY 26, 2022

Merchants in particular had to quickly shift from in-store sales to online and learn how to accept payments digitally. Concurrently, the summer of 2020 brought the highest number of new business applications in the past 15 years, and this trend has continued, with Americans filing a record 1.4

Merchant Services 256

Merchant Services Payment Services Shipping Accounting 256

Inside Retail

AUGUST 2, 2022

In its latest figures, the Australian Cyber Security Centre says that self-reported losses from cybercrime in Australia totalled $33 billion in the 2020-21 financial year. This is particularly true for card-not-present fraud, which accounts for the vast majority of issues, and increased by 12 per cent in the year to 30 June 2021. .

Merchant Services 147

Merchant Services Payment Services Accounting Management 147

Retail TouchPoints

MARCH 24, 2021

A year of quick pivots for the retail industry, 2020 required brands to rapidly adjust their spaces to account for social distancing and the safety measures of consumers, staff and everyone in between. In order to lean into creating safer environments, we saw the rise of flexible fulfillment and contactless payments.

Payment Services 256

Payment Services Fulfillment Consumer Returns 256

Retail TouchPoints

DECEMBER 30, 2021

In 2020, consumers spent approximately $630 billion on online shopping, and merchants lost $12 billion to fraud. Account takeover fraud, which is driven by impostor scams, increased by 50%, with no signs of slowing down in 2021. K eep bots out of your customers’ accounts and checkout. Millennials.

Merchant Services 267

Merchant Services Accounting Payment Services Returns 267

Retail TouchPoints

NOVEMBER 4, 2021

31, 2021. “We’re toy industry sales increased 11% in Q3 2021 from 2020, according to the NPD Group , driven by price increases, a continuation of pandemic lifestyles and fewer promotions. Adobe reports that out-of-stock messages are up 172% compared to January 2020 and up 360% from January 2019.

Consumer 261

Consumer Merchant Services Payment Services Drop-Shipping 261

Inside Retail

JANUARY 10, 2023

But, to what extent will customers hold the brand accountable for allegations of misconduct – especially when it offers a good deal? This process will ensure that – if the employees come forward at a later date – they can obtain back-payments by contacting the organisation. The brand is not seeking to recover any overpayments.

Payment Services 246

Payment Services Consumer Management Fashion 246

Retail TouchPoints

FEBRUARY 4, 2021

Before the NotPetya attack rampaged through Europe in 2017, affecting companies including FedEx and shipping giant Maersk, few people would have thought a vulnerability in a piece of accounting software could create such devastation. Those trends are set to continue in 2021. This is no small undertaking. Adopt a zero trust approach.

Payment Services 298

Payment Services Shipping Accounting Management 298

Retail TouchPoints

AUGUST 18, 2022

Buy now, pay later (BNPL) was the trendiest way to pay for all those lockdown purchases back in 2020. Most buy now, pay later offers are interest- and fee-free, unless customers miss a payment. consumers say they have used a buy now, pay later service, according to a recent study from The Ascent, a Motley Fool service.

Merchant Services 257

Merchant Services Payment Services Consumer Point of Sale 257

Inside Retail

SEPTEMBER 1, 2021

Founded in July 2020 and launched in February 2021, Refundid is a fintech tool designed to cut, or essentially eliminate, waiting times for refunds for products bought online. According to co-founder and chief product officer Joel Aaron, refunded cash can be in the customer’s account within as little as 30 seconds.

Merchant Services 130

Merchant Services Payment Services Returns Planning 130

Inside Retail

NOVEMBER 9, 2022

Household savings that were bolstered by government Covid-19 payments have started to fall and there are early indications of financial stress with buy-now-pay-later services and credit applications. per cent in the three months to September, compared with the same period in 2021. per cent for August and September.,

Payment Services 241

Payment Services Consumer Returns Accounting 241

Inside Retail

JUNE 17, 2021

Many habits they developed during 2020 — such as shopping online through WeChat and making mobile payments — will become permanent. According to a 2019 study by McKinsey, young Chinese consumers will account for 65 per cent of the growth in luxury fashion and accessories globally heading into 2025. Retail the New Way.

Payment Services 113

Payment Services Fulfillment Specialty Retailers Social Commerce 113

Retail TouchPoints

MARCH 3, 2022

billion on Cyber Monday 2020 , while Singles Day in November 2021 in China drove $139 billion in sales for two of that country’s major online shopping platforms. That includes frictionless payments and checkout and fast shipping options. Account takeover fraud trends pose additional risks. Consider that in the U.S.,

Merchant Services 225

Merchant Services Drop-Shipping Payment Services Shipping 225

Retail TouchPoints

NOVEMBER 3, 2021

Sodipo most recently led Product Finance and Strategy at Stripe and will bring her expertise in payments to Glossier’s Accounting and Finance teams. At Glossier, Leahy will be responsible for driving revenue and building end-to-end customer experiences across channels as head of the Retail, Sales, International and Operations teams.

Finance 250

Finance Payment Services Accounting Returns 250

Small Biz Trends

JULY 11, 2022

COVID entered most Americans’ consciousness in March of 2020 and had an almost immediate impact on many small businesses. Fortunately, one year later, a Bill.com survey showed that 75% of SMBs took actions ranging from price changes, new business models, new customer outreach, and new product offerings and services.

Payment Services 98

Payment Services Accounting Finance Consumer 98

A1 Retail

JULY 2, 2021

The global ecommerce market is expected to continue to grow in 2021, illustrating that there is a strong a market for cross-border ecommerce. This trend is fueled by online shoppers willing to purchase goods outside of their country’s borders, so long as the process is smooth, and reliable. Compliance is Key.

Payment Services 98

Payment Services Checkout Shipping Consumer 98

Independent Retailer

MARCH 31, 2022

ecommerce sales spiked by more than 30 percent per quarter from Q2 2020 to Q1 2021 , and continued to rise by nine percent in the second quarter of 2021. It brings new challenges like supply chain bottlenecks, inflation, around-the-clock operations, and labor shortages. Because of restrictions on in-person shopping, U.S.

Payment Services 80

Payment Services Location Marketing Accounting 80

VMS

JANUARY 25, 2022

This accounts for an average of 16.6 retail sales, which soared to $4.583 trillion in 2021. “As The 2021 total rate of returns (16.6 percent during 2020, but online returns are in line with recent years at an average of 20.8 According to NRF, online sales accounted for $1.050 trillion of total U.S. billion (10.6

Returns 52

Returns Loss Prevention Payment Services Visual Merchandising 52

A1 Retail

AUGUST 24, 2021

SME optimism is improving, as concern about the impact of the pandemic falls to its lowest point since February 2020. The quarterly SME Barometer combines billions of merchant transactions, processed by Barclaycard Payments, with research data to provide an in-depth look at the UK SME economy. Future-proofing.

Merchant Services 75

Merchant Services Payment Services Returns Outdoor 75

Mass Relators

APRIL 25, 2024

household more than $1,100 last year, the Merchants Payments Coalition said. Swipe fees amounted to $897 for the average household in 2021 and $724 in 2020. billion in swipe fees for Visa and Mastercard credit cards alone, which account for more than 80 percent of the market. billion, according to MPC estimates.

Merchant Services 52

Merchant Services Net Profit Payment Services Accounting 52

Retail TouchPoints

SEPTEMBER 29, 2020

Retailers seeking guidance as they look ahead to an uncertain Q4 will find plenty of solid, practical advice in the 2020 Retail Strategy and Planning series of webinars, now available on-demand. As a result, many retailers must move beyond manual processes to calculate their sales tax obligations.

Payment Services 260

Payment Services Fulfillment Location Shipping 260

A1 Retail

JANUARY 19, 2022

Buy now, pay later (BNPL) transactions increased nearly 30 percent during the 2021 holiday period. The data showed that BNPL transactions peaked more than 43 percent in October as shoppers began their 2021 holiday shopping early. Within October 2021, a peak at 99 percent was recorded compared to the same period in 2020.

Merchant Services 40

Merchant Services Shopping Payment Services Consumer 40

Small Biz Trends

DECEMBER 14, 2022

The IRS offers certain tax deductions for small business owners to help make the process of filing taxes easier and more efficient. This includes items like office supplies, professional fees (attorneys and accountants), travel expenses, utilities, and more. Rent and lease payments. Understanding Tax Deductions. Employee wages.

Payment Services 130

Payment Services Accounting Advertising Returns 130

Cisco Retail

JULY 11, 2022

From extortion to data breaches, ransomware is always evolving, and is becoming very lucrative with Ransomware-as-a-service kit making it easier to target organizations. Security Operations Centers (SOCs) and the security analyst community are dealing with a sophisticated global network of adversaries who can do irreversible damage.

Payment Services 145

Payment Services Management Accounting Location 145

Inside Retail

FEBRUARY 29, 2024

An alum of payments platform Afterpay and fashion brands including Coach, Boohoo, and Bandier, McGrath’s hire signals the next phase of Rent the Runway founder and CEO Jenn Hyman’s attempts to reinvigorate the company. per share. How should the industry adapt to rapidly changing consumer concerns?

Fashion 130

Fashion Payment Services Inventory Management Consumer 130

Small Biz Trends

AUGUST 2, 2022

Business leaders can expect more incidents of attack surface expansion, data security breaches, digital supply chain attacks, ransomware attacks, distributed denial-of-service (DDoS) attacks, identity theft, and remote code execution attacks than in the previous year if they don’t take proactive cybersecurity measures. billion in 2021.

Payment Services 111

Payment Services Wholesale Finance Accounting 111

Retail TouchPoints

AUGUST 5, 2022

Online fraud cost digital commerce merchants $27 billion in 2021 , so it’s no surprise that retailers have redoubled their focus on eliminating these threats. Traditional retailers with digital commerce operations compete head-to-head with online retailers for demanding customers.

Merchant Services 250

Merchant Services Returns Shipping Payment Services 250

Inside Retail

APRIL 29, 2021

billion in the quarter ended March 31, 2021, outperforming analyst expectations. Amazon expects net sales in the quarter ended June 30, 2020, to be between US$110 billion and US$116 billion, an increase of between 24 per cent and 30 per cent year on year. billion on sales of US$108.5 They are now the default’. billion in 2019. “As

Payment Services 246

Payment Services Department Stores Checkout Supermarket 246

Inside Retail

JUNE 22, 2021

Consumers over 65 were the fastest growing group of online shoppers in the US in 2020, according to NPD Group’s Checkout Tracking, and they accounted for 30 per cent of goods purchased online in the UK last year compared to 20 per cent the year before, The Economist reported. Font size and payment options.

Payment Services 236

Payment Services Department Stores Shopping Consumer 236

Inside Retail

APRIL 3, 2023

India crossed that threshold in 2021, according to the bank’s latest available data, which could put it on a similar growth trajectory even though weak job growth and income inequalities in the country pose a risk to this outcome. in 2020 and $389.3 versus $212.9 for China, data from CLSA showed. for China, the data showed.

Beauty and Health 130

Beauty and Health Payment Services Consumer Finance 130

Cisco Retail

JANUARY 26, 2022

It is often said financial services businesses are built on relationships. It’s a key reason why the existence of digital-only financial services has yet to cause the far-reaching disruption seen in other industries. Along this journey, institutions should focus on three guiding principles: Focus on Convenience.

Payment Services 83

Payment Services Customer Experience Consumer Accounting 83

Inside Retail

DECEMBER 7, 2021

As a window into future spending patterns across the economy and the only model of its kind globally, it can help retailers plan their operational strategies with greater confidence. with the annual change in the Australian Bureau of Statistics’ (ABS) National Accounts nominal household final consumption over recent years.

Payment Services 130

Payment Services Inventory Management Accounting Consumer 130

Inside Retail

MARCH 21, 2024

With travel curtailed, home-bound, experience-starved consumers flocked to luxury shopping to lift their spirits and spend some of their discretionary funds accruing thanks to Covid-19 government assistance, stimulus checks, tax relief, suspended student debt payments and the pandemic-induced restrictions. What a difference a year makes.

Jewelry 228

Jewelry Fashion Consumer Payment Services 228