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. Giving consumers a positive BNPL experience includes offering high approval rates, transparent terms and attractive rates. Empower Your Customers.

Merchant Services 270

Merchant Services Payment Services Point of Sale Checkout 270

Retail TouchPoints

MARCH 29, 2023

Apple’s plans to enter the buy now, pay later (BNPL) space were seen as a vote of confidence for the financial product, which saw huge consumer uptake during the pandemic but also raised concerns over consumers’ misunderstanding of loan terms and a lack of regulation in the space. and will roll out to all users in the coming months.

Merchant Services 304

Merchant Services Payment Services Checkout Finance 304

Retail Minded

NOVEMBER 8, 2022

Although self-service checkouts were first introduced in 1986 , they are still far from perfect. University of Leicester’s Adrian Beck, a retail finance expert, estimates that moving half or more of transactions to self-service pushes losses 77% higher. Frictionless checkout makes shopping seamless for everyone.”.

Checkout 97

Checkout Payment Services Inventory Management Grocer 97

365 Retail

OCTOBER 6, 2023

New research from Checkout Finance provider, Divido , has found that over a third (35%) of Christmas shoppers plan to make most of their purchases between now and Black Friday weekend. Retailers often invest a lot of money into curating the perfect deals for these peak sales periods when in fact consumers are shopping before then.

Shopping 116

Shopping Finance Checkout Planning 116

Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. featuring styles appropriate for Islamic and other religious consumers). The American Dream mall and entertainment complex failed to make a Feb. 1, 2023 $8.8 The notice from U.S. 14 for one floor of a planned two-floor space.

Payment Services 265

Payment Services Department Stores Checkout Finance 265

Retail TouchPoints

AUGUST 3, 2022

Which is great news for consumers who are unabashed fans of buy now, pay later, also called BNPL. 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. It’s just…delayed gratification.

Payment Services 268

Payment Services Finance Point of Sale Checkout 268

Retail TouchPoints

APRIL 27, 2021

As the popularity of BNPL increases, it is important for consumers and merchants to weigh the benefits and the drawbacks of using/offering these payment options. BNPL services allow consumers to buy and take home their purchases on the spot, without having to wait until products are paid off to receive them. A survey by cardify.ai

Merchant Services 130

Merchant Services Payment Services Consumer Point of Sale 130

A1 Retail

SEPTEMBER 27, 2023

Mollie reveals that economically ‘concerned’ consumers are relying more on social media, BNPL, and discounts when shopping online but expect to spend more in the next year Mollie , one of the fastest growing financial service providers in Europe, today unveiled findings from its second annual European Ecommerce Report.

Merchant Services 59

Merchant Services Consumer Payment Services Checkout 59

A1 Retail

OCTOBER 9, 2023

New research from Checkout Finance provider, Divido , has found that over a third (35 percent) of Christmas shoppers plan to make most of their purchases between now and Black Friday weekend. How are consumers spending their money? However, expenditure for Christmas goes beyond just the presents. Image courtesy of Unsplash.

Shopping 59

Shopping Finance Checkout Planning 59

Retail TouchPoints

FEBRUARY 27, 2024

A cyberattack that compromises customer personal information can diminish the trust consumers place in a brand. In 2014, cybercriminals used a third-party vendor’s credentials to enter Home Depot’s network and deployed malware on the self-checkout systems to steal customer information.

Payment Services 273

Payment Services Wholesale Store Layout Inventory Management 273

Retail TouchPoints

JUNE 7, 2023

As the oldest members of Gen Z move into their mid-20s and the youngest enter their teen years, personal finance concerns are high on their list of worries. That’s according to a recent study by the ICSC that surveyed Gen Z consumers, defined by the Pew Research Center as those born between 1997 and 2012.

Discount Store 285

Discount Store Shopping ATS Payment Services 285

365 Retail

OCTOBER 11, 2022

A new study from FIS ® (NYSE: FIS), shows how the shopping preferences of younger UK consumers have shifted as adoption of embedded finance services reaches mainstream usage among Millennials and Gen Zs, while their older counterparts are less engaged with newer, digitally-oriented financial experiences.

Merchant Services 98

Merchant Services Payment Services Finance Checkout 98

Retail TouchPoints

APRIL 1, 2021

Humans have been dynamically evolving the concept of loans and credit in commerce for hundreds of years — culminating in the explosion of consumer credit cards in the 20th century. consumers have now used a buy now pay later (BNPL) service. . Using BNPL, approved customers can defer payments at checkout — both online and in-store.

Merchant Services 277

Merchant Services Payment Services Telecommunications Checkout 277

Retail TouchPoints

FEBRUARY 23, 2022

In the pandemic’s wake, many retailers set up flexible fulfillment services in order to meet new safety guidelines and consumer requirements. Nicholas added that when these projects don’t start with a unified vision, it can lead to disjointed experiences that ultimately frustrate consumers.

Fulfillment 291

Fulfillment Checkout Visual Merchandising Kiosk 291

Retail TouchPoints

FEBRUARY 9, 2021

Pay in 4 is now included in Digital River’s PayPal checkout integration at no additional cost. Buy now, pay later options are becoming increasingly popular as consumers demand more flexible payment options. Consumers want to spend their own money. Shoppers want control over how they pay and how that affects their finances.”.

Merchant Services 147

Merchant Services Checkout Finance Consumer 147

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 loans allow shoppers to make purchases with deferred or no interest installment loans.

Merchant Services 74

Merchant Services Finance Point of Sale Consumer 74

365 Retail

MAY 9, 2023

Consumer card spending grew just 4.3 per cent) – as rising costs continue to place pressure on Brits’ finances. This comes as nearly nine in 10 shoppers (89 per cent) say they are concerned about the impact of rising food prices on their household finances, while 67 per cent are looking for ways to reduce the cost of their weekly shop.

Consumer 52

Consumer Outdoor Finance Checkout 52

A1 Retail

MAY 9, 2023

percent) – as rising costs continue to place pressure on Brits’ finances. percent) – as rising costs continue to place pressure on Brits’ finances. CPIH: Consumer Prices Index including owner occupiers’ housing costs Image courtesy of Unsplash. The post Consumer spending grew just 4.3

Consumer 52

Consumer Planning Outdoor Finance 52

Retail TouchPoints

MAY 9, 2023

retailers plan to use technology and automation for their critical behind-the-scenes work, like inventory, orders, payroll and invoicing — as well as for more customer-focused needs like communications, marketing, loyalty and checkout. Square’s Future of Commerce report noted that 91% of U.S. What’s Next?

Payment Services 285

Payment Services Inventory Management Marketing Checkout 285

Hunton Andrews Kurth

JANUARY 20, 2022

“Buy now, pay later” (“BNPL”) companies have exploded in popularity over the past year, largely through integration into retailers’ online checkout platforms. Last month, the Consumer Financial Protection Bureau issued demands to five BNPL companies. The past few months have brought new regulatory attention to the BNPL industry.

Checkout 106

Checkout Finance Consumer Planning 106

Inside Retail

OCTOBER 19, 2021

An eWallet integration can convert a customer with one click, compared to 22 on average for a traditional checkout process – but the increased ease of eWallet checkout comes with an enrollment system that is potentially more vulnerable to fraudsters.

Merchant Services 147

Merchant Services Fashion Payment Services Checkout 147

Independent Retailer

AUGUST 3, 2022

Improving brand equity means increasing the value of your brand in the minds of your consumers. BNPL is based on a simple idea that allows consumers to split their purchase price into equal, often interest-free installments. Improving brand equity means increasing the value of your brand in the minds of your consumers.

Merchant Services 71

Merchant Services Payment Services Finance Consumer 71

365 Retail

NOVEMBER 3, 2022

annual growth until 2030, retailers and distributors must adapt their businesses to better support their consumers’ needs. One route retailers and distributors should consider is improving the flexible payment options they offer at checkout, such as Buy Now Pay Later (BNPL), which would help ease the financial burden on their customers.”.

Payment Services 52

Payment Services Checkout Finance Accessories 52

Inside Retail

MAY 24, 2023

It would also be scalable based on the risk of consumer harm , but the details on this are unknown. Bowden also noted that 160,000 businesses offer BNPL – which see an average transaction of $136 – and that 82 per cent of retailers believe their customers expect BNPL to be offered at checkout.

Payment Services 147

Payment Services Consumer Accounting Department Stores 147

Inside Retail

JUNE 29, 2022

Let’s look at the conditions that were so favourable to this payment method, the inevitable regulations and consumer and media response. In fact, in Australia, almost three out of four Australians are aware of BNPL as a payment option and 70 per cent of consumers are aware of Afterpay.

Merchant Services 130

Merchant Services Payment Services Finance Consumer 130

Mass Relators

JUNE 21, 2023

The dunnhumby Retailer Preference Index database of more than 70,000 consumer survey responses between 2017 and 2022 was referenced to understand which trends matter the most to consumers. Only when income exceeds $150,000 per year do finances even out with health and the environment as sources of stress for consumers.

Grocer 52

Grocer Finance Wholesale Checkout 52

Retail Times

OCTOBER 18, 2021

Klarna, the leading global retail bank, payments and shopping service, today announces a package of changes to expand and strengthen it’s UK offering to give consumers more choice, clarity and control over how they pay.

Payment Services 52

Payment Services Checkout Finance Consumer 52

365 Retail

OCTOBER 27, 2022

Q4 can be a busy and fast-paced time so without the right finance management, it’s easy to fall through the retail cracks. On top of that, hiring the best talent is a worthwhile investment as they can make a campaign strong and attractive to consumers. Once you hit those goals, you can hit the big bucks. 6 – Funding.

Checkout 98

Checkout Finance Social Commerce Advertising 98

Retail TouchPoints

FEBRUARY 7, 2024

There are exceptions of course, and there are certain retailers that are ahead of the curve when it comes to applying digital tactics in stores, but for the most part the best retailers have been able to do is use their websites, apps and social feeds as listening tools to understand what their consumers want.

Point of Sale 277

Point of Sale Promotions Inventory Management Grocer 277

Inside Retail

SEPTEMBER 2, 2021

Global automotive retailer Cars24 is set to shake up Australia’s $55 billion used car market as it introduces its pureplay e-commerce offer to consumers. . Rudenko believes customers are looking for three big things when shopping online: “choice, trust and convenience”, and that it’s this quality assurance that builds trust with consumers.

Checkout 130

Checkout Finance Returns Marketing 130

Inside Retail

MARCH 21, 2024

This year, while consumers are still struggling to adapt to higher prices for staple goods and services, they are still spending on discretionary items creating a retail market where brands compete fiercely for their share of the consumer’s paycheque.

Consumer 130

Consumer Dead-Stock Finance Inventory Management 130

Storis

JANUARY 22, 2024

The State of the Home Furnishings Industry With abundant opportunity, let’s explore how market and consumer behavior position retailers for success. economy is driven by consumer spending and a thriving job market. A decreasing Consumer Price Index (CPI) rate of 3.2%can An Economic Foundation of Growth The strength of the U.S.

Home Furnishings 52

Home Furnishings Payment Services Merchant Services Fulfillment 52

A1 Retail

SEPTEMBER 5, 2023

This was impacted by the slower rate of food price inflation**, as well as consumers continuing to find ways to get more value or to reduce the cost of their weekly shop (67 percent). However, Brits’ confidence in their household finances is unwavering, suggesting they remain resilient in the face of these inflationary pressures.”

Beauty and Health 59

Beauty and Health Finance Supermarket Consumer 59

A1 Retail

JANUARY 26, 2022

Klarna, a global banking, payments and shopping service, announces the launch of Klarna Card in the UK, empowering consumers with greater control, transparency and choice over how they pay. Consumers can sign up to be on the waitlist by tapping ‘Klarna Card’ in the latest version of the Klarna app or from their account here.

Payment Services 52

Payment Services Checkout Finance Consumer 52

Independent Retailer

AUGUST 17, 2022

Diverse offerings can help reduce risk if sales start slowing down and improve your usefulness to consumers. Before you do so, be sure to determine if you have the finances to double your current expenses. Perhaps your checkout line is too slow or your website takes too long to load. Open New Locations.

Finance 81

Finance Location Checkout Shipping 81

Retail Gazette

DECEMBER 21, 2023

Rising prices put a squeeze on consumer spending throughout the year, and although inflation has finally started to ease, shoppers sill remain cautious with Accenture research revealing 64% of UK adults plan to reduce their spending over Christmas.

Grocer 116

Grocer Department Stores Fashion Planning 116

365 Retail

MAY 17, 2022

This is increasingly a challenge for merchants as multiple digital payment types such as cryptocurrency, Buy Now Pay Later (BNPL), contactless in-store payments such as SoftPOS, and Ecommerce tokenization, that Axerve outlines in the white paper, are increasingly popular meaning that retailers must engage with multiple payment forms at checkout.

Merchant Services 105

Merchant Services Payment Services Customer Experience Checkout 105