Retail TouchPoints

NOVEMBER 4, 2021

Despite having just officially begun, this holiday shopping season already is marked by supply chain disruption, persistent inflation and mixed consumer confidence. And just like last year, it looks like consumers will respond by turning to ecommerce.

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Consumer Merchant Services Payment Services Drop-Shipping 255

Retail TouchPoints

APRIL 21, 2021

The pandemic accelerated not just ecommerce but also digital payment methods: digital wallets reached 29.3% ecommerce share in 2020, up from 23.7% The wallets are expected to unseat credit cards as the preferred online payment method in the coming years, according to the FIS Global Payments Report 2021.

Merchant Services 284

Merchant Services Payment Services Checkout Accounting 284

Retail TouchPoints

JANUARY 12, 2022

According to the National Association of Convenience Stores (NACS) 2020 SOI Report, there are 150,274 C-stores in the U.S., decrease from 2019 primarily driven by the decrease in single-site operators. Focus on service. Contactless payment options are yet another big opportunity.

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Payment Services Wholesale Inventory Management Consumer 223

Retail TouchPoints

JANUARY 14, 2022

retailers sold in November 2020 increased 25% year-over-year , with an additional increase of 106.1% year-over-year in December 2020. . With the increase of mobile wallets and more consumers hopping on the e-gift card bandwagon, merchants must practice a heightened sense of vigilance around issues of gift card fraud.

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Merchant Services Payment Services Management Accounting 314

Retail TouchPoints

OCTOBER 15, 2020

Over the past several months, retailers have experienced challenges and changes they thought they would never see in 2020. Even before the pandemic completely upended the world economy, how consumers shopped had been changing — and mobile devices were at the forefront of that change. And it’s clear that these shifts are here to stay.

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Payment Services Planning Accounting Loss Prevention 131

Retail TouchPoints

JULY 27, 2020

Here are the top five ways retail will evolve in 2020: Loyalty Breaks With Tradition. Leading retailers recognize the need to build dynamic relationships that extend far beyond traditional loyalty programs heading into 2020. Adidas’s “Run Genie” technology lets consumers attach pods to shoes before going on a short run.

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Retail Trends Payment Services Checkout Sporting Goods 149

Retail TouchPoints

JUNE 15, 2022

Called “Buy Direct,” the third-party marketplace is being integrated into Bing’s existing ecommerce experience, Start Shopping, where consumers can find products and are then directed to a retailer’s website to make the purchase. Bing accounts for approximately 25% of total monthly search volume in the U.S.,

Merchant Services 289

Merchant Services Shopping Payment Services Advertising 289

Retail TouchPoints

AUGUST 29, 2023

Today’s consumers rely on their smartphones for, well, just about everything, and Verizon recognizes just how important that connection is. That’s why the retailer and mobile service provider uses multiple technology solutions to create a personalized shopping experience at scale. Now it’s super-simple and easy to use.

Payment Services 215

Payment Services Accounting Customer Experience Point of Sale 215

Star Miconics

DECEMBER 29, 2023

Despite what you might have heard, operating a successful business depends on effective cash management. Yes, the use of digital payments is growing, and it’s not something to be ignored, but the relevance of material currency persists. This practice enhances accountability and reduces the complexity of tracking discrepancies.

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Payment Services Accounting Management Location 83

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 237

Payment Services Location Fulfillment Customer Experience 237

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

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Merchant Services Payment Services Shipping Accounting 243

Retail TouchPoints

AUGUST 18, 2022

Buy now, pay later (BNPL) was the trendiest way to pay for all those lockdown purchases back in 2020. But now, as BNPL offerings — and consumers’ understanding of them — mature, the explosive growth of the last two years is slowing. Most buy now, pay later offers are interest- and fee-free, unless customers miss a payment.

Merchant Services 244

Merchant Services Payment Services Consumer Point of Sale 244

Retail TouchPoints

FEBRUARY 16, 2023

CoStar Group, a commercial real estate firm, estimates there were a record-breaking 12,200 brick-and-mortar store closures in 2020 as a result of the pandemic. The Allure of Facial Recognition in Retail The retail industry is built on the ideal of service. Retail and hospitality industries were hit particularly hard.

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Payment Services Shopping Checkout Customer Experience 214

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 243

Payment Services Fulfillment Consumer Returns 243

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.

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Payment Services Consumer Management Fashion 246

Inside Retail

JULY 6, 2021

Accordingly, brands spend significant time and money positioning themselves to create positive associations with consumers, whether that’s through communicating their purpose or engaging in worthy environmental or social partnerships. Until a payment is missed. Compared to January 2020, spending on BNPL has increased by 106 per cent.

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Payment Services Finance Consumer Accounting 246

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. Consumers in every age bracket are in fraudsters’ sights.

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Merchant Services Accounting Payment Services Returns 254

Retail TouchPoints

JANUARY 14, 2022

trillion in 2020, while U.S. Additionally, total order count was up almost 10.45% from holiday 2020 levels, according to data from Klaviyo. As a result, Cyber Week 2021 accounted for 23% of total ecommerce spend, down slightly from 24% in 2020. But when it came to alternative payments, BNPL was the star.

Social Commerce 274

Social Commerce Fulfillment Drop-Shipping Payment Services 274

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

Inside Retail

JUNE 15, 2022

trillion in 2020 and is predicted to create revenue of roughly $18.57 For example, B2B buyers often prefer to pay by invoice over debit and credit cards, as it is a more beneficial payment method when making large or repeat purchases. A good payments partner should finance the trade credit you offer B2B buyers.

Payment Services 130

Payment Services Checkout Accounting Finance 130

Inside Retail

APRIL 11, 2021

Online orders, home delivery and in-store pick up have become fundamental to the running of food and beverage businesses in the last year as consumers navigated the pandemic. As part of its efforts to create a seamless online customer experience, Domino’s introduced contactless services in all markets to make customers feel safe.

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Payment Services Beauty and Health Customer Experience Accessories 130

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. The time is now.

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Merchant Services Payment Services Returns Planning 130

Retail TouchPoints

NOVEMBER 20, 2020

Many consumer companies were struggling before the arrival of COVID-19. As of mid-September, at least 27 major retailers had filed for Chapter 11 bankruptcy protection in 2020, compared to 17 in all of last year, according to Retail Dive. Are there creative ways you can manage your operating margins and extend your cash runway?

Payment Services 248

Payment Services Consumer Management Planning 248

Inside Retail

NOVEMBER 9, 2022

Retailers are potentially facing significant headwinds in the months ahead, with rising interest rates and cost-of-living pressures dragging on consumer confidence. The figures indicate a fall in sales in all categories as consumers became able to return to in-store purchasing. The online sales outlook. Australia Post reports 5.4

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Payment Services Consumer Returns Accounting 241

Inside Retail

MAY 12, 2021

The Covid-19 pandemic has hit the leisure industry hard, but the recovery presents a once-in-a-lifetime chance for leisure service operators to reconsider their business models and seize opportunities to grab wallet share from customers who start to consume leisure services again. Pre-payment . Enhanced benefits .

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Payment Services Shipping Consumer Accounting 182

A1 Retail

JULY 2, 2021

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. Every brand has the potential to be a part of this ecommerce growth providing they have a direct-to-consumer, cross-border strategy in place. Compliance is Key.

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Payment Services Checkout Shipping Consumer 98

Retail TouchPoints

JULY 22, 2021

When the economy is growing, consumers flock to stores. On the other hand, when a recession is imminent, consumers and their wallets generally stay put and are more conservative. This situation has forced retailers worldwide to adapt to a slew of new consumer demands while juggling a precarious supply chain. Cyber threats.

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Payment Services Consumer Customer Experience Accounting 303

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.

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Payment Services Accounting Finance Consumer 98

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.

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Payment Services Fulfillment Location Shipping 248

Independent Retailer

MARCH 31, 2022

The consumer market has slowly been shifting to ecommerce for years, but the evolution of retail since the start of the COVID-19 pandemic has been astronomical. 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. by Shannon Flynn.

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Payment Services Location Marketing Accounting 80

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. How should the industry adapt to rapidly changing consumer concerns? million, a 6.3

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Fashion Payment Services Inventory Management Consumer 130

Retail Next

FEBRUARY 11, 2020

Though some companies have struggled to keep up, others are adapting and revolutionizing the way modern retail operates. The rise of e-commerce has encouraged businesses to rethink how they communicate with consumers and manage their supply chains. Here are some of the most significant retail shipping trends to look for in 2020.

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Shipping Drop-Shipping Payment Services Supply Chain Management 59

Retail TouchPoints

JUNE 23, 2021

In 2020, data security specialist Varonis calculated that close to 10 billion data records had been lost or stolen since 2013 — a third more records than there are people. If recurring patterns emerge that do not correspond to expectations, this can mean one of two things: the habits of consumers are changing, or there’s a new attack vector.

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Merchant Services Payment Services Shopping Checkout 149

Rangeme

APRIL 22, 2024

The application process is simplified, especially with well-organized inventory records, and loans are secured by the inventory itself, reducing the reliance on personal or business credit history. They expedite growth by injecting funds directly into the business operating account, eliminating the need to wait for slow cash cycles.

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Payment Services Finance Promotions Marketing 78

Inside Retail

APRIL 3, 2023

With the cheapest mobile data rates in the world, thanks to intense competition among telecoms providers, and the explosive growth of social media and personal entertainment, Indian consumers are going digital at a breakneck pace. in 2020 and $389.3 versus $212.9 for China, data from CLSA showed. for China, the data showed.

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Beauty and Health Payment Services Consumer Finance 130

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.,

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Merchant Services Drop-Shipping Payment Services Shipping 213

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.

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