Remove 2005 Remove ATS Remove Consumer Remove Merchant Services
article thumbnail

Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees

Retail TouchPoints

merchants worth an estimated $30 billion that will lower the interchange fees (commonly referred to as swipe fees) that merchants are charged when customers use credit or debit cards. Additionally, the settlement provides funding for new programs to educate small businesses about payment acceptance options and how to best manage costs.

article thumbnail

Regulation is Coming to POS Finance: Why Responsible Lending Will Benefit Retailers

Retail TouchPoints

As economic pressures and living costs surge, more people than ever are considering using point-of-service (POS) finance — such as buy now, pay later and installment loans — to manage their cashflow. It’s clear that there is a consumer-driven need for more flexible finance and smarter buying power. .

Finance 207
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Brands Large and Small are Leaning into the Amazon Effect to Compete

Retail TouchPoints

It’s not just possible but inevitable that retailers can thrive on Amazon and compete with it at the same time. Amazon: the Consumer-First Platform. Amazon has completely upleveled what a high quality ecommerce experience looks like for consumers. The purchasing power of $79 in 2005 equals about $109.90

article thumbnail

Elf on the Shelf CEO on the Brand’s Unlikely but Enduring Success

Retail TouchPoints

Image courtesy The Lumistella Company The success of the brand feels like something of a Christmas miracle to Co-founder and Co-CEO Christa Pitts, who launched the Elf on the Shelf with her twin sister, Chanda Bell, and mother, Carol Aebersold, in 2005. Pitts: Well, at its core this tradition is extraordinarily simple.

article thumbnail

The Downfall of Sears, 5 Reasons Why it’s Struggling to Survive

Indigo 9 Digital

By Tricia McKinnon Did you know that at one time Sears was the largest retailer in the world? A few decades later when Sears merged with Kmart in 2005 the combined organization generated a substantial $55 billion in revenue. That insight was the impetus for Sears’, at one time, immensely popular, catalog. That was back in 1969.

article thumbnail

Jason & Scot Show Episode 315 – 2023 Turkey5 Recap with Salesforces Rob Garf

Retail Geek

Episode 315 is a recap of Turkey5 (The five days from Thanksgiving through Cyber Monday) 2023 with Rob Garf , Vice President and General Manager, Retail at Salesforce. Jason and Scot discuss the “Turkey 5” with their guest Rob Garf, VP and GM for retail at Salesforce. billion consumers are shaping shopping trends.

article thumbnail

Brits’ uptake of new pastimes provides big boost to small businesses

A1 Retail

New research from American Express Shop Small 1 reveals that over a third (38%) of Brits have taken up at least one new hobby in an effort to keep themselves busy during lockdown, which has provided a welcome boost for the nation’s small businesses. Research conducted by Censuswide among 2005 general UK consumers between 14 – 17 May 2021.