Cisco Retail

JULY 29, 2022

This is the third blog in a series on financial services where I investigate a few challenges of managing hybrid cloud operations in the payment application development arena. The evolution of electronic payment technology. million websites globally rely on PayPal for the checkout and payment process, generating 15.4

Payment Services 112

Payment Services Merchant Services Checkout Management 112

Inside Retail

APRIL 4, 2024

Currently, international revenue from Australian merchants amounts to roughly AD$18 billion, making up 29 per cent of transactions from the industry. Another factor that can trigger mass cart abandonments is a lack of payment options. trillion by 2030.

Merchant Services 130

Merchant Services Payment Services Social Commerce Checkout 130

A1 Retail

AUGUST 26, 2021

To do so effectively, however, retailers need to optimise their payments ecosystems now to put in place the right framework for expansion in the future. Consumers also became more open to experimenting with new payment methods, with many consumers saying they tried out a BNPL service last year. Creating backend efficiencies.

Merchant Services 98

Merchant Services Payment Services Consumer Returns 98

Retail TouchPoints

APRIL 5, 2022

Since spinning off from eBay and going public for a second time in 2015, PayPal has expanded its reach well beyond that one digital marketplace to more than 30 million merchants worldwide. When we have partnerships with these merchants they’re trusted brands, so consumers can feel good about shopping with those brands.”.

Merchant Services 338

Merchant Services Payment Services Checkout Consumer 338

Retail TouchPoints

JUNE 22, 2022

Some of the biggest changes include new capabilities and integrations with Twitter that will enable additional social commerce options; Google , which will help retailers connect with shoppers near their brick-and-mortar locations; and iOS , which will let retailers use iPhones to accept contactless payments.

Merchant Services 247

Merchant Services Payment Services Social Commerce Shopping 247

Inside Retail

JANUARY 16, 2024

Cybersecurity company Kasada recently revealed that cybercriminals have compromised more than 15,000 customer accounts of Mexican fast food chain Guzman y Gomez, liquor retailer Dan Murphy’s, streaming service Binge, home shopping network TVSN and Event Cinemas since November.

Merchant Services 289

Merchant Services Payment Services Accounting Checkout 289

Inside Retail

MARCH 13, 2023

Etsy on Monday resumed payments to merchants with Silicon Valley Bank accounts after the e-commerce platform paused their payouts over the weekend following the US government shutdown of the bank last week. million online merchants respectively worldwide, mostly small-to-medium size businesses.

Merchant Services 147

Merchant Services Payment Services Accounting Shopping 147

Retail TouchPoints

FEBRUARY 13, 2023

With this, fraud continues to be a growing risk for businesses all year long, but especially during a time of economic downturn. According to one report , the total cost of ecommerce fraud to merchants will exceed $48 billion globally in 2023, from just over $41 billion in 2022. Why is this happening?

Merchant Services 239

Merchant Services Payment Services Accounting Promotions 239

Inside Retail

MARCH 25, 2024

Shopify – the commerce platform powering 25 per cent of online retail in Australia – is equally proficient at managing in-store retail transactions, making it the go-to supplier of solutions for retailers transacting across multiple channels. per cent uptime across the Shopify platform.

Customer Experience 243

Customer Experience Merchant Services Checkout Payment Services 243

Retail TouchPoints

JANUARY 26, 2022

Companies of all sizes were affected by the pandemic, especially small- to mid-size businesses (SMBs). Merchants in particular had to quickly shift from in-store sales to online and learn how to accept payments digitally. These can all be categorized as customer service-type chargebacks. Who is Behind Fraudulent Activity?

Merchant Services 241

Merchant Services Payment Services Shipping Accounting 241

Retail TouchPoints

NOVEMBER 4, 2020

Because of this ease, merchants have begun relying on POS financing to drive sales growth. McKinsey has found that around 50% to 60% of loans originated at POS are either partially or entirely subsidized by the merchant. Digital fraud can take many forms, with the most common being account takeover ( 29.8%

Merchant Services 310

Merchant Services Payment Services Accounting Jewelry 310

Inside Retail

APRIL 18, 2022

A group of small business owners have accused Australian buy now, pay later firm Pay It Later of withholding hundreds of thousands of dollars in sales revenue, drawing attention to the practices of smaller operators in the booming fintech sector. Pay It Later claims to pay merchants the value of those orders within a week.

Merchant Services 130

Merchant Services Payment Services Accounting 130

Mass Relators

MARCH 28, 2024

The report, based on a commissioned survey conducted by Forrester Consulting, shows that merchants in the U.S. As digital services become more prevalent in North America and daily life becomes increasingly digitized, cybercriminals find more opportunities to exploit both consumers and businesses. and Canada Edition.

Merchant Services 52

Merchant Services Payment Services Accounting Customer Experience 52

Inside Retail

MARCH 21, 2022

Automate your shipping process. ShipStation offers everything under one main software platform that can automate and synchronise all the monotonous shipping tasks. An employee who would spend most of their time processing shipping labels can now focus on customer service, marketing, or other business activities.

Shipping 246

Shipping Merchant Services Payment Services Accounting 246

Small Biz Trends

AUGUST 23, 2022

Shopify is trying to bring small businesses together with Shopify Collabs, which aims to make it simple for creators to monetize while giving merchants a new sales and marketing channel. Shopify Collabs Wants to Connect Small Business Merchants and Creators. Using Shopify Collabs for Relationship Management.

Merchant Services 98

Merchant Services Payment Services Accounting Management 98

Retail Gazette

FEBRUARY 5, 2024

The enterprise minister said he was “very concerned” after up to 400 traders appealed to small business commissioner Liz Barclay for help following the retail giant withholding their money for months. Hollinrake said: “We are writing to Amazon to tell them to unfreeze the accounts until they have a proper process in place.

Merchant Services 121

Merchant Services Payment Services Accounting ATS 121

Retail Times

FEBRUARY 21, 2022

Vyne, the specialist account-to-account payments platform, today announces a new partnership with Gr4vy, a leading cloud-native payment orchestration platform (POP), that will give online merchants access to open banking payments infrastructure.

Merchant Services 40

Merchant Services Accounting 40

Retail TouchPoints

AUGUST 7, 2023

Revenues were down more than expected, decreasing 42% YoY to $78 million ; adjusted EBITDA was in line with expectations but still represented a loss of $66 million in the quarter; and monthly active users were down 48% to 12 million. “As Doubling down on merchants outside of China. A Little Bit of History Repeating?

Merchant Services 192

Merchant Services Drop-Shipping Shipping Payment Services 192

Small Biz Trends

JUNE 27, 2022

Believe it or not, merchant cash advance (MCA) business loans are a great option for small business owners looking for fast and easy access to capital. They’re an ideal financing solution for companies that have been denied a traditional bank loan or don’t have the time to wait around for a business loan approval.

Merchant Services 98

Merchant Services Finance Payment Services Accounting 98

Small Biz Trends

JULY 19, 2022

If you’re also struggling to stay afloat due to piled-up accounts receivable, you can opt for accounts receivable financing to improve cash flow in your company. What Is Accounts Receivable Financing? Accounts receivable financing should not be confused with invoice factoring. Accounts Receivable Financing Benefits.

Finance 119

Finance Accounting Merchant Services Payment Services 119

Small Biz Trends

NOVEMBER 8, 2021

Amazon Pay is a fast and easy way to purchase products and services. Small businesses need to pay attention. Customers can buy things from your e-commerce online storefronts and/or website using the data stored in their Amazon account. Amazon Pay is a service customers can use. They need an Amazon Seller Account too.

Checkout 144

Checkout Merchant Services Payment Services Accounting 144

Small Biz Trends

JUNE 6, 2022

Although it started much earlier, eCommerce took a new turn when amazon came up with its platform. Since then, many eCommerce platforms have been created and exhausted. Shopify is now one of the biggest eCommerce platforms in the world. Shopify eCommerce Store Masterclass – Start a Business! Image: Depositphotos.

Merchant Services 138

Merchant Services Payment Services Shipping Accounting 138

Inside Retail

NOVEMBER 16, 2021

The Commonwealth Bank of Australia is going hard on retail with the unveiling of AI-enabled ‘brand discovery and deals’ app Cheddar in the same week as the launch of in-app shopping platform Little Birdie. But one retail and payments expert is questioning whether the big-four bank truly has merchants’ best interests at heart.

Merchant Services 130

Merchant Services Payment Services Shopping Accounting 130

Retail TouchPoints

JUNE 15, 2022

based online sellers” are reportedly participating in the beta test of Buy Direct, but a source told Business Insider that Microsoft hopes the service will drive $25 million in gross merchandising value (GMV) by fiscal 2023, which ends June 30, 2023. Bing accounts for approximately 25% of total monthly search volume in the U.S.,

Merchant Services 288

Merchant Services Shopping Payment Services Advertising 288

Retail TouchPoints

OCTOBER 18, 2022

The company has aligned its merchant offers, cash back savings and shopping products in pursuit of providing a frictionless consumer journey. PayPal has introduced PayPal Rewards, a unified program accessible via the company’s app that allows customers to shop while earning, tracking, saving and redeeming rewards.

Merchant Services 211

Merchant Services Accounting Shopping Consumer 211

Inside Retail

JULY 11, 2022

As Alejandro Osorio, Country Head of Grab Thailand, puts it, “We’ve seen this opportunity in the soaring demand for food and package delivery services that’s made our delivery partners with their delivery bags increasingly become a significant touchpoint. The deliveries component of revenue was US$2.6

Merchant Services 130

Merchant Services Payment Services Advertising Accounting 130

Independent Retailer

JUNE 23, 2022

Times are tough, especially for businesses struggling to stay afloat with the increased expenses from credit card processing companies. Unfortunately, these companies are taking advantage of retailers when they should be helping boost the morale of businesses. Helping Small Businesses Thrive.

Merchant Services 52

Merchant Services Payment Services Point of Sale Accounting 52

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. Source: Javelin Research.

Merchant Services 252

Merchant Services Accounting Payment Services Returns 252

Retail TouchPoints

JANUARY 3, 2023

This article reveals effective strategies to safeguard brands’ customers, reputation and revenue moving forward. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Furthermore, 40% of respondents lost more than 10% of their revenue. Inflation and the Incredible Shrinking Margin.

Merchant Services 279

Merchant Services Payment Services Accounting Checkout 279

Inside Retail

SEPTEMBER 1, 2021

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. It means consumers don’t have to wait for the seller to receive the returned product and approve the refund before they get their cash — a process that can take weeks or more. The time is now.

Merchant Services 130

Merchant Services Payment Services Returns Planning 130

Retail TouchPoints

AUGUST 15, 2022

From signup to login to account changes and reviews, retailers face waves of opportunities to create a digital relationship with a customer. So how do we keep from alienating good customers while still filtering out bad actors taking aim from every angle — including false reviews, fake accounts and more? Where to Begin.

Merchant Services 219

Merchant Services Payment Services Accounting Customer Experience 219

Retail TouchPoints

DECEMBER 19, 2022

All of these retailers succeed by building hype around the launch, priming their loyal customers to place their order as soon as the product or service is released. This surge of reseller abuse can have a negative impact on the business-consumer relationship. Below, we examine reseller tactics and their potential damage to merchants.

Merchant Services 162

Merchant Services Payment Services Drop-Shipping Shipping 162

Retail TouchPoints

FEBRUARY 21, 2023

Recent headlines about Meta ’s Instagram and Facebook doing away with shopping features on their platforms might appear to be a retreat in the social commerce wars. YouTube also reported an ad revenue miss in Q4 2022, with its $7.96 billion in quarterly revenue representing an almost 8% decline from Q4 2021.

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Social Commerce Advertising Merchant Services Shopping 199

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. Here’s how to address that problem and move up Maslow’s pyramid to achieve true retail transcendence as a thriving, profitable and customer-focused business.

Merchant Services 235

Merchant Services Returns Shipping Payment Services 235

Small Biz Trends

AUGUST 26, 2022

These grants or one time payment offers through stimulus programs are a great way to keep your business going if you are facing financial difficulty. The ARPA grants for small businesses include several programs that are looking to help businesses that have suffered financial loss due to the pandemic.

Merchant Services 98

Merchant Services Payment Services Location Accounting 98

Inside Retail

NOVEMBER 28, 2022

This year, over 102 million people will buy via social platforms in the US alone and by 2025, global sales via social commerce will exceed US$1.2 In doing so, it poses a huge threat to other platforms, including Meta (Facebook and Instagram), and Amazon, which has long owned the conversation around online retail.

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Social Commerce Merchant Services Payment Services Fulfillment 130

A1 Retail

SEPTEMBER 27, 2023

Mollie reveals that economically ‘concerned’ consumers are relying more on social media, BNPL, and discounts when shopping online but expect to spend more in the next year Mollie , one of the fastest growing financial service providers in Europe, today unveiled findings from its second annual European Ecommerce Report.

Merchant Services 59

Merchant Services Consumer Payment Services Checkout 59