article thumbnail

Cryptocurrency: The good, the bad and the ugly

Inside Retail

It took 70 years until they started accepting credit cards in Australia, but less than another 15 years for the beverage giant to announce, in June 2020, that their 2000+ vending machines across Australia and New Zealand would accept Bitcoin for payment. Bitcoin was the first major cryptocurrency, created in 2009.

article thumbnail

NFTs will Bridge the Gap Between the Real World and the Metaverse

Retail TouchPoints

The retail store, on the other hand, appeared further down the road in ancient Greece, where merchants sold goods in the Agora city center. Thousands of years later, in 2009, the market for digital assets arose. Consumers buy digital services from Netflix. If the car owner and mechanic share NFTs after servicing.

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 U.S. Brands Can Get a Piece of the $115B+ Singles’ Day Opportunity

Retail TouchPoints

Alibaba’s sales have increased every year since the event debuted in 2009.). Each year we try to elevate the experience for both our consumers and our merchants to make it fun for them to shop and experience.”. many of the Chinese social and ecommerce sites will share data with merchants. Perhaps most importantly for U.S.

article thumbnail

Secure Retail and STS leading the way with payment security with our recent PCI DSS v4.0 Certification

Secure Retail

This version furthers the protection of payment data with new controls to address sophisticated cyber attacks. Applications and software that interact with financial data must adhere to data security standards (DSS) mandated by the Payment Card Industry Security Standards Council (PCI SSC). Promote security as a continuous process.

article thumbnail

Merchants call on Fed to cut debit card swipe fees

Mass Relators

WASHINGTON – The Merchants Payments Coalition on Tuesday called for the Federal Reserve to revise debit card swipe fee rules to reflect lower bank costs. The swipe fee regulations were adopted a decade ago, and a new Fed report shows that banks’ average cost of processing the transactions has since fallen by half.

article thumbnail

A retail expert weighs in on Alibaba and JD.com’s approach to Singles Day

Inside Retail

Started by Alibaba in 2009 with just 27 brands, 11.11 The number of products, brands and merchants participating in 11.11 About 46,000 brands and merchants worldwide will promote overseas products on Alibaba. About 46,000 brands and merchants worldwide will promote overseas products on Alibaba. is now in its 15th year.

article thumbnail

How Tmall Global is overcoming the challenges of China’s zero-Covid policy

Inside Retail

When it comes to innovation, Shan said that Tmall Global has a three-pronged approach, namely focusing on general digital commerce infrastructure, customer perspectives and merchant brand experiences. Digitising every aspect of the merchant operations is also key. We recognise the need to help our merchants. Peak sales periods.