Retail TouchPoints
JUNE 7, 2022
The service, called Apple Pay Later , will let users split any Apple Pay purchase into four equal payments, spread over six weeks, with zero interest and no fees. Valued at $5 billion in 2021, the global BNPL market is projected to be worth upwards of $39 billion by 2030, according to Grand View Research.
Inside Retail
AUGUST 1, 2023
Woolworths Group and its subsidiary Woolstar have allegedly failed to pay more than $1 million in long service leave to 1235 former employees. Since 2019, the group has undertaken an extensive end-to-end review of its payroll systems and processes. Meanwhile, Woolstar failed to pay $45,000 in entitlements to 36 former employees.
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Inside Retail
MARCH 4, 2024
The European Commission charged Apple last year with preventing Swedish streaming service Spotify and others from informing users of payment options outside its App Store, following a 2019 complaint by Spotify. The post Apple fined $2bn for thwarting rival music streaming service downloads appeared first on Inside Retail Australia.
Retail TouchPoints
APRIL 5, 2021
It has been a year of momentous change for the payments industry. For instance, cash usage waned even further this year amongst fears around the pandemic, leading to a coin shortage across the country that had many merchants pointing consumers to digital payments if they lack exact change.
Retail TouchPoints
OCTOBER 30, 2023
One such payment option that has demonstrated its effectiveness in streamlining these transactions is Dynamic Currency Conversion (DCC). DCC is an optional service offered at the point of sale, allowing customers to view the cost of their purchases in their home currency. Benefits for Retailers 1. As evidenced by the data showing U.S.
Inside Retail
FEBRUARY 8, 2024
In April 2021, the telecommunications company self-reported the underpayments to the Fair Work Ombudsman following an internal review. The company has already completed the back payment to a majority of the employees. Meanwhile, Optus also signed an enforceable undertaking with the Fair Work Ombudsman that includes contrition payments.
Retail TouchPoints
AUGUST 5, 2022
New Jersey mall and entertainment complex American Dream has failed to make an interest payment on municipal loans sold to help finance the $5 billion venture. The missed payment was for $8.8 Payment on the $287 million debt was due Aug. The balance in the reserve account previously used to make payments on the loans is $862.12.
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