Retail TouchPoints

JULY 8, 2022

Customers that have a positive point-of-sale financing experience are more likely to repeat purchases from that retail brand if the BNPL option is white-labeled for the retailer. Customers see prices at two critical junctures in the buying process: when they visit a product page and check out. The best part?

Merchant Services 222

Merchant Services Payment Services Point of Sale Checkout 222

Retail TouchPoints

JANUARY 10, 2024

According to the Corporate Finance Institute , “Inventory shrinkage occurs when the number of products in stock are fewer than those recorded on the inventory list. The discrepancy may occur due to clerical errors, goods being damaged or lost, or theft from the point of purchase from a supplier to the point of sale.”

Shrinkage 253

Shrinkage Bar Codes Shipping Finance 253

A1 Retail

SEPTEMBER 24, 2021

. Hitachi Capital Consumer Finance, a division of Hitachi Capital (UK) PLC, has announced that it will be rebranding under the new trading style of NOVUNA Consumer Finance by April 2022, while Hitachi Personal Finance will become NOVUNA Personal Finance.

Finance 59

Finance Consumer Point of Sale Customer Experience 59

Retail Next

SEPTEMBER 10, 2019

If you aren’t good with finances or are simply strapped for time, hire a bookkeeper to track your finances. However, that doesn’t mean you shouldn’t be looking at the books yourself. Invest in a Point-of-Sale (POS) System. That means maintaining financial records through an accounting software program.

Finance 59

Finance Payment Services Loss Prevention Accounting 59

Retail TouchPoints

JANUARY 13, 2021

Cardholders will be able to receive myWalgreens cash rewards and other offers, and the flagship co-branded credit card will offer a wider range of benefits, provided through Synchrony and Mastercard, when used at other retailers and service providers.

Point of Sale 162

Point of Sale Finance Planning Management 162

Inside Retail

MAY 4, 2021

If you’ve been using a reporting system to track just your finances for the last six to 12 months, with other systems, like dashboards, alerts, and reports, managing other parts of the business, this can lead to uncoordinated and sub-optimal reactions and decisions if all of your data is not being looked at holistically.

Finance 232

Finance Planning Point of Sale Management 232

Retail TouchPoints

AUGUST 3, 2022

Buy now, pay later is short-term financing that allows people to buy everyday items like home goods, electronics and clothes in low to no interest monthly installments — and receive the goods immediately. BNPL financing is relatively easy for retailers to manage. It drives order value. It’s widely available. •

Payment Services 219

Payment Services Finance Point of Sale Checkout 219

Retail TouchPoints

OCTOBER 7, 2020

At the beginning of 2020, Hudson kicked off its deployment of the Flooid platform to provide a new backbone for all transactions across its 1,010 travel convenience stores and specialty retail, which includes proprietary book and tech stores, duty-free shops and food and beverage concessions.

Payment Services 214

Payment Services Point of Sale Specialty Retailers Customer Experience 214

Independent Retailer

AUGUST 29, 2022

“Point of sale financing has historically been reserved for large purchases like luxury electronics, but now we are seeing an uptick in consumers using installment plans for smaller purchases across large and small retailers.” BNPL is the New Credit Card.

Merchant Services 74

Merchant Services Finance Point of Sale Consumer 74

Retail TouchPoints

FEBRUARY 7, 2024

The digitization of brick-and-mortar stores is nothing new, but up until recently it has primarily been focused on surfaces in the store that are already digital: point-of-sale systems or back-of-house tasks like inventory management. But we do,” said Partap Sandhu, Head of Pricing at Rema 1000 during a session at NRF.

Point of Sale 226

Point of Sale Promotions Inventory Management Grocer 226

LS Retail

FEBRUARY 22, 2022

©iStock/Khaosai Wongnatthakan I [Laurel Delaney] talked about the business model Buy Now, Pay Later (BNPL), in my Global Trade Trends Report 2022 and that point-of-sale (POS) financing services in the United States have grown significantly over the past 24 months, especially since the onset of COVID-19.

Merchant Services 66

Merchant Services Point of Sale Finance Consumer 66

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. Requests for comment from American Dream and its owner, Triple Five Worldwide , had not been received at press time. The American Dream mall and entertainment complex failed to make a Feb. 1, 2023 $8.8 The notice from U.S.

Payment Services 214

Payment Services Department Stores Checkout Finance 214

Retail TouchPoints

OCTOBER 29, 2021

There was a time when automation in the retail space meant autonomous point-of-sale checkouts, and chatbots were reserved solely for the ecommerce ecosystem. Before the dot-com boom, shopping was an activity that took place physically at brick-and-mortar stores. trillion at the end of 2019.

Finance 187

Finance Point of Sale Checkout Shopping 187

Inside Retail

MAY 7, 2024

Situated in the TRX district, a hub for both finance and fashion, the new store aims to blend luxury with cultural flair, targeting the affluent consumer base of Southeast Asia. She went on to say that the newly opened Lukfook Joaillerie sits at the heart of Kuala Lumpur’s international financial district in TRX.

Boutique 113

Boutique Point of Sale Finance Consumer 113

Retail TouchPoints

AUGUST 18, 2022

Also known as pay-over-time or pay-in-4 installment plans, BNPL offers consumers the chance to split up the cost of major purchases directly at the point of sale. consumers have used PayPal’s BNPL options at some point, far outpacing other providers, according to The Ascent.

Merchant Services 238

Merchant Services Payment Services Consumer Point of Sale 238

Retail TouchPoints

FEBRUARY 27, 2024

Mattle is Retail and Distribution Leader – North America and Global Client Advocate at WTW. This proactive approach to cybersecurity is an essential component of sustainable business practice in the landscape today. She has worked with several global companies focusing on risk management strategy.

Payment Services 229

Payment Services Wholesale Store Layout Inventory Management 229

Retail TouchPoints

MARCH 31, 2023

In the same manner, the new service providers, the payment platforms, get worked up over Banking-as-a-Service and Embedded Finance, the latest industry buzzwords, without fully explaining the simplicity and value of the proposition. Many customers bail at this point. Furthermore, approximately 1.6

Payment Services 227

Payment Services Accounting Point of Sale Customer Experience 227

Inside Retail

JULY 4, 2023

In recent years, cryptocurrencies have emerged as a transformative force in the world of finance. Retailers can limit their exposure to the volatility by working with a payment service provider that will convert received cryptocurrencies into fiat currency, at the time of purchase.

Payment Services 264

Payment Services Merchant Services Point of Sale Finance 264

Retail TouchPoints

AUGUST 2, 2021

Square plans to purchase buy now, pay later (BNPL) provider Afterpay in an all-stock deal valued at approximately $29 billion. This also gives them a financing option where they can control the parameters of how much to ‘lend’ and who to lend to. The transaction is expected to close in Q1 2022, subject to customary closing conditions.

Merchant Services 308

Merchant Services Payment Services Checkout Finance 308

Retail TouchPoints

APRIL 27, 2021

Surges in online shopping during the pandemic helped fuel the growth of point-of-sale loans — a market that is forecast to grow at an annualized 9.8% Another danger for consumers using point-of-sale loans is a temptation to overspend. over the five years through 2024-25, to $1.1 billion, according to IBISWorld.

Merchant Services 130

Merchant Services Payment Services Consumer Point of Sale 130

Retail TouchPoints

FEBRUARY 2, 2023

But at many companies, critical front office decisions — such as in-store marketing or performance marketing — are being made at a higher level than where the work is done. Information is stuck in separate systems divided by function: finance, human resources (HR), operations and others. Lack of data isn’t an issue.

Inventory Management 225

Inventory Management Management Point of Sale Finance 225

Retail TouchPoints

APRIL 1, 2021

Here’s an in-depth look at BNPL and the potential benefits to your online and in-store business. BNPL solutions are a way for merchants to offer point-of-sale financing via a simple installment payment plan. Using BNPL, approved customers can defer payments at checkout — both online and in-store. Buy Now Pay…What?

Merchant Services 245

Merchant Services Payment Services Telecommunications Checkout 245

I Vend

DECEMBER 10, 2023

Here we take a look at how retail technology can help to streamline the top 10 key retail processes, and how a unified retail POS pulls them all together into a single, highly optimized retail operations platform. Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail.

Shrinkage 87

Shrinkage Inventory Management Store Layout Checkout 87

I Vend

NOVEMBER 7, 2023

Here we take a look at how retail technology can help to streamline the top 10 key retail processes, and how a unified retail POS pulls them all together into a single, highly optimized retail operations platform. Inventory management – ‘the right goods, in the right place, at the right time’ sums up the core of retail.

Inventory Management 95

Inventory Management Point of Sale Management Returns 95

Retail TouchPoints

NOVEMBER 4, 2020

Further, making purchases online has become even easier with the emergence of point-of-sale (POS) lending, which allows consumers to split the cost of purchases into regular installments — even for a purchase as small as a $75 sweater. Because of this ease, merchants have begun relying on POS financing to drive sales growth.

Merchant Services 308

Merchant Services Payment Services Accounting Jewelry 308

Retail TouchPoints

AUGUST 14, 2023

Turning Insights into Action The first step is to establish an internal task force comprised of technology, business, finance and operations representatives. The task force should then explore different technologies, providers and partners, as well as look at similar businesses to see which steps they took and how they chose to innovate.

Payment Services 185

Payment Services Checkout Inventory Management Grocer 185

Inside Retail

NOVEMBER 1, 2022

At first, it seemed like Asia might get off lightly – most governments and professional economic forecasters in the region said so – but cost of living pressures are rising across the continent, with food, energy, rent and labour costs now all key drivers of retail price inflation. per cent, so you can see how this has retailers worried.

Wholesale 130

Wholesale Payment Services Finance Consumer 130

Retail Gazette

FEBRUARY 6, 2024

Advanced Supply Chain (ASC) polled 100 UK retailers, with 63% reporting a rise in the number of goods being returned during the last year, which they attribute largely to the squeeze on consumer finances.

Customer Experience 52

Customer Experience Returns Inventory Management Point of Sale 52

I Vend

NOVEMBER 6, 2023

Read more That has translated to most experts forecasting only a modest increase in sales – 3-4% in the US *, the same in the UK ** and virtually flat sales in Australia. With some or all of these increases being due to rising prices, volumes are forecast to increase at a lower rate, or even reduce.

Inventory Management 80

Inventory Management Management Point of Sale Returns 80

Inside Retail

APRIL 29, 2023

Cashless transactions grew significantly at the start of Covid-19 but, over the past year or so, cash acceptance has rebounded slightly. Responding to consumer payment preferences Australians are at the forefront in adopting digital payments. And how can businesses be ready for evolving payment technologies?

Merchant Services 130

Merchant Services Payment Services Customer Experience Point of Sale 130

Inside Retail

APRIL 10, 2022

Luxury streetwear label Off-White is the latest fashion brand to offer its customers payment with cryptocurrencies at its three flagship stores in Paris, Milan and London. The innovative purchase option allows customers to buy luxury vehicles financed through loans secured by Bitcoin.

Payment Services 162

Payment Services Point of Sale Finance Accessories 162

Retail TouchPoints

MARCH 17, 2021

“In 2021 we will double down on our enterprise capabilities, particularly our customer success teams, to help even more large businesses like Twilio or Zapier significantly increase their revenue,” said Mike Clayville, Chief Revenue Officer at Stripe in a statement. “We

Payment Services 155

Payment Services Finance Planning Management 155

Storis

APRIL 18, 2024

Incentivizing Customers to Become Members with Creative Programs Psychology is at play behind membership programs. Access to member-only financing plans with attractive terms and interest rates. Early or exclusive access to seasonal sales and private events. Enticing customers to join a paid membership program is critical.

Payment Services 52

Payment Services Customer Retention Promotions Accounting 52

Storis

APRIL 12, 2024

Incentivizing Customers to Become Members with Creative Programs Psychology is at play behind membership programs. Access to member-only financing plans with attractive terms and interest rates. Early or exclusive access to seasonal sales and private events. Enticing customers to join a paid membership program is critical.

Payment Services 52

Payment Services Customer Retention Promotions Accounting 52

365 Retail

OCTOBER 5, 2021

Crucially, these didn’t allow for two-way communication between our frontline employees and head office, and meant we weren’t able to capture and analyse the data contained in these transactions,” commented Eduardo García de Frutos, Head of Business Operations at Desigual.

Customer Experience 52

Customer Experience Visual Merchandising Point of Sale Employee Engagement 52

Retail Minded

DECEMBER 21, 2022

Managing and accounting the finances of a retail business is not an easy job, but it has to be done efficiently to ensure the business can diligently track revenues and losses. . This puts your total at-cost inventory at $65,000. Suppose you recorded sales for the quarter is $30,000 and your markup is at 20% for each item.

Accounting 52

Accounting Inventory Management Point of Sale Management 52

Inside Retail

JANUARY 4, 2022

Point of sales systems are often the weakest link in a retailer’s network infrastructure due to security updates and patches often being overlooked by owners who opt for basic antivirus software that doesn’t meet a high security standard. POS system attacks. Basic cyber hygiene principles.

Planning 130

Planning Accounting Point of Sale Finance 130