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% with late payments, fees, etc.].

Consumer 201

Consumer Payment Services Apparel Accounting 201

Inside Retail

JANUARY 10, 2023

BNPL services are gradually gaining prominence in Singapore, with a growing preference for flexible payment methods among consumers,” Neralla Rama Ravi Teja, a retail analyst at GlobalData, told Inside Retail. BNPL payments were expected to reach US$1.1 BNPL payments were expected to reach US$1.1 Rise of online payments.

Payment Services 130

Payment Services Consumer Finance Apparel 130

Inside Retail

AUGUST 2, 2022

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. . One crucial area is merchant fraud, and any business taking card payments is vulnerable. This is where card data and even entire customer identities can be stolen.

Merchant Services 147

Merchant Services Payment Services Accounting Management 147

Retail TouchPoints

JULY 25, 2022

This generation has taken to this payment option faster than any other, but looking at their history it is easy to see why. Gen Z has grown up with a steady decrease in the use of physical payment, coupled with major advancements in fintech. Late or missed BNPL payments have their own consequences. with Klarna.”. with Klarna.”.

Payment Services 180

Payment Services Advertising Accounting Consumer 180

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

Retail TouchPoints

JUNE 23, 2022

The 2022 back-to-school (BTS) season could be the most “normal” since the start of the pandemic, with even more demand than the record-setting BTS 2021 season for clothing, classroom supplies and new technology. Give Back-to-School Shoppers Alternative Payment Options. Streamline Your Checkout Process for Busy Parents and Students.

Payment Services 249

Payment Services Checkout Drop-Shipping Customer Retention 249

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.

Merchant Services 130

Merchant Services Payment Services Returns Planning 130

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 240

Payment Services Fulfillment Consumer Returns 240

Inside Retail

OCTOBER 6, 2021

Fast forward to October 2021, and Australia’s largest online fashion retailer The Iconic is leading the way on resale, partnering with AirRobe on the Circular Wardrobe, an initiative that allows customers to resell, rent, or recycle their preloved items with one click. Tapping into gen Z spending power.

Payment Services 246

Payment Services Fashion Accessories Checkout 246

Retail TouchPoints

AUGUST 25, 2021

If retailers think online shopping in 2021 is about the simple exchange of goods for money, they’re doing it wrong. If a retailer’s online infrastructure can’t cope with a sudden spike in demand following, say, a Black Friday sale, those customers are unlikely to return. From Monolith to Microservices.

Payment Services 240

Payment Services Shipping Customer Experience Supermarket 240

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

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 236

Finance Payment Services Accounting Returns 236

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. Holding on to customers is a high priority.

Merchant Services 234

Merchant Services Returns Shipping Payment Services 234

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

Inside Retail

NOVEMBER 10, 2022

It said: Given the nature of our distributed workforce and our desire to inform impacted individuals as quickly as possible, communications for this process will take place via email. But tweets by some employees showed they found out before the email arrived when they could not access their work accounts or other internal systems.

Payment Services 130

Payment Services Advertising Accounting Planning 130

Retail TouchPoints

AUGUST 15, 2022

Following several years of pandemic-driven declines, shoppers are eagerly returning to stores, and that enthusiasm is being echoed in a new upswing in store openings and lease signings. Lease liabilities offer a useful glimpse into the future because this number quantifies the dollar value of future lease payments.

Payment Services 195

Payment Services Returns Consumer Accounting 195

A1 Retail

AUGUST 24, 2021

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

Cisco Retail

JULY 27, 2021

Organizations have been rapidly adopting new digital and cloud capabilities and are now faced with determining what types of technology investments they need as their workforce begins to return to the office. As they invest in new technologies, CIOs must determine how to pay, consider return on investments and their budget.

Payment Services 145

Payment Services Operating Expenses Returns Planning 145

Small Biz Trends

NOVEMBER 29, 2022

If you buy and place in service qualified equipment by December 31, 2022, you can deduct 100% of the cost; no depreciation over a number of years is required. If your business doesn’t have a qualified retirement plan, you have until the extended due date of your 2022 return to set up and fund the plan. Conclusion.

Payment Services 137

Payment Services Planning Accounting Returns 137

Retail TouchPoints

JULY 11, 2023

Often referred to as third-party sellers, these independent businesses now account for more than 60% of annual sales on Amazon, according to the company, and they sell an average of 7,800 products every minute through the platform. from Prime Day 2021, while 1P sales increased 6.1% , according to Capitol One Research.

Payment Services 144

Payment Services Shipping Checkout Fulfillment 144

Retail TouchPoints

JULY 30, 2021

accounted for $5 billion of Alibaba’s total $74.1 products, combined with the sheer size of the Chinese market, make the potential hard to ignore : “It’s an opportunity for Western brands to find a faster-growing market than the one they’re currently operating in. billion in 2021, making up 37.4% In fact, the U.S.

Merchant Services 274

Merchant Services Accounting Social Commerce Payment Services 274

Independent Retailer

NOVEMBER 2, 2021

With only two months left of 2021, retailers should already be looking ahead to the new year for the newest trends, technology, marketing tactics, products, and solutions for improving their business. Crypto Payments Help Deliver a Competitive Advantage. Second, purchase amounts are twice that of credit card purchases.

Merchant Services 96

Merchant Services Payment Services Shipping Wholesale 96

Inside Retail

SEPTEMBER 6, 2022

They grew quickly, relatively unchallenged by local operators. It reached another deal with local bank Techcombank to add not only ATMs but actual bank service counters where store footprints were large enough to accommodate them. IGD Research projected Vietnam’s convenience store market would be the fastest growing in Asia by 2021.

Payment Services 130

Payment Services Supermarket Marketing Kiosk 130

Retail TouchPoints

JANUARY 30, 2023

And in 2021, the global value of voice-assisted ecommerce transactions amounted to almost $5 billion , with Statista projecting that that figure would grow 4X by the end of this year. Despite these setbacks, smart speaker ownership is still rising in the U.S. and around the world, albeit slowly, and voice-enabled commerce is growing as well.

Merchant Services 162

Merchant Services Beauty and Health Payment Services Returns 162

Small Biz Trends

JUNE 27, 2022

Some scammers will also set up fake websites or social media accounts that look like they are associated with a legitimate cryptocurrency! From October 2020 to March 31, 2021, 7,000 people lost over $80 million to cryptocurrency investment scams , according to the FTC. It’s likely a scam. Romance Scams. Ponzi Schemes.

Payment Services 98

Payment Services Returns Accounting Promotions 98

Retalon

SEPTEMBER 22, 2021

A retail fulfillment process that is known as BOPIS — Buy Online, Pickup In-Store. Adopting BOPIS can be challenging so we’ll explain how you can successfully merge your online and physical store operations. BORIS (Buy Online Return In-Store): Concentrates on reverse logistics. Payment, return, and exchange policies.

Fulfillment 41

Fulfillment Payment Services Inventory Management Shipping 41

Retail TouchPoints

FEBRUARY 11, 2021

Now the store is viewed as a flexible asset, capable of fulfilling a variety of needs: Distribution center supplying inventory to other locations Ecommerce fulfillment Amazon return hub Curbside pickup Private bubble/pod shopping location Retooled for more buying, less shopping Emphasis on health and safety, contactless shopping.

Retail Trends 228

Retail Trends Payment Services Supply Chain Management Fulfillment 228

Retail Adventures

JANUARY 4, 2022

Creating and delivering consistently good customer service is a battle that happens every day right on your sales floor. And in 2021 impatient and scared buyers became confident consumers; confident because every retailer, yourself included, bent over backwards to help them out. Accounting for 55 percent of U.S.

Suggestive Selling 52

Suggestive Selling Payment Services Returns Accounting 52

Inside Retail

MAY 17, 2022

The industry’s latest move: accepting cryptocurrency as a form of payment. In August 2021, German streetwear brand Philipp Plein became the first fashion brand to accept cryptocurrency at its new crypto concept store in London. Since the beginning of this year, a number of brands have begun to process crypto payments in-store.

Merchant Services 243

Merchant Services Payment Services Advertising Returns 243

A1 Retail

MAY 13, 2022

By placing human interaction at the centre of the online shopping journey, Virtual Shopping empowers retailers to create immersive experiences that are proven to increase customer engagement, reduce returns and drive loyalty. This in turn drives brand engagement and loyalty while reducing return rates.

Merchant Services 52

Merchant Services Shopping Payment Services Consumer 52

Retail Prophet

MARCH 24, 2022

BoF’s podcast series Retail Reborn returns for a second season, presented by Brookfield Properties , to investigate the consumer of tomorrow, and how their changing lifestyles and expectations will drive evolution in the retail industry. Or should I go to this secondhand website and put it for sale and get something else in return?”

Fashion 52

Fashion Payment Services Sporting Goods Returns 52

Small Biz Trends

NOVEMBER 9, 2022

The Internal Revenue Service (IRS) has reminded taxpayers accepting payments through payment cards and third-party network transactions that they may receive 1099-K forms for sales over $600 in early 2023. Taxpayers are still required to report all income on their tax return unless it is excluded by law.

Payment Services 98

Payment Services Returns Accounting Planning 98

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

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. Consider that in the U.S., ecommerce merchants pulled in $10.8

Merchant Services 209

Merchant Services Drop-Shipping Payment Services Shipping 209

Inside Retail

MARCH 17, 2022

It connects, on a centralised and measurable platform, several touchpoints and interactions a customer has with the brand or business: payments, rewards, inventory, delivery options, product return, supply chain, fulfilment options, and more. it operates in silos and unconnected platforms. Buy online, return in-store.

Checkout 246

Checkout Drop-Shipping Payment Services Inventory Management 246

Small Biz Trends

JUNE 1, 2022

A cryptocurrency is a decentralized payment method that you can use to trade online by way of smart contracts. This not only led to speculating in the cryptocurrency market but also facilitated multimillion-dollar transactions in digital collectibles, digital assets, goods and services to be traded within the cryptocurrency space.

Payment Services 124

Payment Services Accounting Promotions Finance 124

Retail TouchPoints

NOVEMBER 7, 2023

Common examples of ORC include when merchandise is stolen and returned for profit or sold through online auctions or in-person sales. Typically, ORC is reliant on a single entity, like an address, credit card or store account that connects a complex crime ring across retail stores. increase in ORC incidents between 2021 and 2022.

Loss Prevention 243

Loss Prevention Shrinkage Returns Payment Services 243