Retail TouchPoints

OCTOBER 21, 2022

McKinsey calls this embedded finance — when a financial product or solution is placed in a non-financial setting, for example on a social media platform or in a store (private label credit cards are one old-school example). Embedded finance has become big business: McKinsey estimated that the sector reached $20 billion in revenue in the U.S.

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Retail TouchPoints

JANUARY 26, 2024

Too many friction points all along the customer journey is a big pain point for consumers, and certainly the checkout or transaction moment plays a part in that friction,” said Margot Juros, Research Director for Retail Technology Strategies at market intelligence and advisory firm IDC in an interview with Retail TouchPoints.

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Retail TouchPoints

MARCH 29, 2023

There’s no one-size-fits-all approach when it comes to how people manage their finances,” said Jennifer Bailey, VP of Apple Pay and Apple Wallet in a statement. After a user is approved, they will see Pay Later as a payment option when they select Apple Pay at checkout online and in apps on their iPhone and iPad.

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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. Further to this, three in 10 (30%) 25-34 year olds ranked checkout finance as one of their top three ways to pay this Christmas.

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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. Providing a consistent user experience and financing across retail channels also helps merchants build brand equity. The best part? Bottom Line.

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Retail TouchPoints

AUGUST 14, 2023

Preparing Internal Operations for Smart Stores The importance of operational preparedness is especially true for grocers implementing emerging technologies such as autonomous checkout, also referred to as seamless checkout. These operations may struggle to adapt to the unique needs of automated checkout systems and smart stores.

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Retail TouchPoints

FEBRUARY 7, 2023

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The 35 brands that will be represented each have individual leases, but American Dream will staff the store, provide a shared checkout experience and host a loyalty program. 1, 2023 $8.8 The notice from U.S.

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Inside Retail

MAY 31, 2022

If you sell expensive items and need to offer financing over a longer-term, then you may need a pay-by-finance BNPL plan which involves applying for a credit license. Do research on your target demographic and ensure that your business would benefit from offering BNPL at the checkout. appeared first on Inside Retail.

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Retail Dive

AUGUST 17, 2023

Tens of thousands of retailers with the Amazon Pay checkout option can now offer buy now, pay later financing to shoppers.

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Retail TouchPoints

APRIL 15, 2021

Signifyd has received $205 million in Series E growth equity financing that values the company at $1.34 Last year we saw ecommerce sales and influence propelled into 2025, and yet the online checkout experience is stuck in 2015,” said Raj Ramanand, CEO of Signifyd in a statement.

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Merchant Services Payment Services Checkout Finance 183

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. Further to this, three in 10 (30 percent) 25-34 year olds ranked checkout finance as one of their top three ways to pay this Christmas.

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Shopping Finance Checkout Planning 59

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.

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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. •

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Payment Services Finance Point of Sale Checkout 241

Retail TouchPoints

FEBRUARY 27, 2024

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.

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Payment Services Wholesale Store Layout Inventory Management 250

Retail TouchPoints

SEPTEMBER 14, 2021

Convenience orders on Instacart are up more than 150% since May 2021, and nearly 20% of shoppers choose Priority Delivery at checkout. Virtual c-store Gopuff has raised more than $2 billion in new financing in 2021 alone on a valuation of $15 billion as it seeks to dominate “instant needs” delivery.

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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.

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Retail TouchPoints

FEBRUARY 9, 2021

Pay in 4 is now included in Digital River’s PayPal checkout integration at no additional cost. Shoppers want control over how they pay and how that affects their finances.”. Pay in 4 with PayPal allows customers to pay for purchases between $30 and $600 in four interest-free payments, while the merchants get paid in full up front.

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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.” The post The Explosive Growth of Buy Now Pay Later appeared first on WholesaleCentral.com Blog.

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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. If [a shopping center] has that broad group of tenants, someone might stop by the grocery store after they dine, or say ‘Oh, I do need a new pair of shoes.’

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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. He is passionate about fintech and insurance tech and studied Economics and Finance at Bentley University.

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Finance Point of Sale Checkout Shopping 205

Retail TouchPoints

APRIL 1, 2021

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. When choosing the BNPL company you will provide at checkout, be sure to look into when you will get paid and any associated costs.

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Retail TouchPoints

JANUARY 12, 2022

The retailer plans to accomplish this goal with an overall enhancement of its ecommerce experience through personalization, search improvements, simplified checkout, the addition of financing options and the rollout of nationwide same- and two-day delivery.

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365 Retail

NOVEMBER 3, 2022

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.”. Whilst customers will benefit from having greater access to finance and more freedom to pay the way they want.”.

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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. Revenue-based financing can help alleviate seasonal pressure on cash flow by providing instant access to working capital. Once you hit those goals, you can hit the big bucks. 6 – Funding.

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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. And, as the potential start of a trend, California considers BNPL transactions to be loans subject to state financing law.

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Retail TouchPoints

FEBRUARY 23, 2022

But moving forward, Nicholas believes that store fulfillment will only get more attention from finance teams, which means stores need to think about how they can drive layout and labor changes to support moments of engagement.

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Independent Retailer

AUGUST 3, 2022

For example, with many direct-to-consumer BNPL providers, shoppers are frequently redirected from the merchant’s checkout to the BNPL provider’s own website to create an account. If the customer is not offered the same financing options in-store as well as online, your brand equity and customer loyalty could be harmed.

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Merchant Services Payment Services Finance Consumer 71

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.

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Retail Times

OCTOBER 18, 2021

And in its continued drive to set standards for the UK payments industry, Klarna is also strengthening affordability checks, simplifying checkout language, providing more ways of fair redress for consumers on the rare occasions where necessary, and removing the last remaining late fees on its regulated financing product - all with immediate effect. (..)

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Payment Services Checkout Finance Consumer 52

Mass Relators

JUNE 21, 2023

Fiscal conservatism (concern about the economy as well as personal day-to-day and long-term finances) is the biggest source of stress for consumers and the most important overarching trend that will continue to affect consumers over the next 30 years. Health and wellness and finances are opposing forces for many consumers.

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Inside Retail

JANUARY 10, 2023

The tax engine was created for the sole purpose of being able to calculate and charge tax at the checkout of your ERP, e-commerce or marketplace platform. But there is hope for a brighter future–better margins – and a happy CFO. It is the only way to effectively manage tax on customer purchases.

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Checkout Finance Management Returns 130

Inside Retail

JUNE 29, 2022

Grab’s Pay Later service , for example, is available through the GrabPay Wallet giving customers more choice at the checkout. Bulk buying is traditionally funded using old-school POS financing or credit cards. For instance, last year the Australian Finance Industry Association (AFIA) launched a new BNPL Code of Conduct.

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Merchant Services Payment Services Finance Consumer 130

Retail TouchPoints

OCTOBER 9, 2020

Similarly, shopping online for high-priced items means that financing and payment can become confusing if not executed well. The Kibo platform allows the CITY Furniture team to create the exact experience and messaging they need to at every step of the buyer journey, from product discovery to promotions and checkout.

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A1 Retail

SEPTEMBER 27, 2023

In Germany, that number is even higher at 49% as German ecommerce consumers generally use other financing options, such as purchase on account. Efficient checkouts: Retailers also need to consider a quick and efficient checkout process, with 79% of consumers saying it’s important to them.

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Merchant Services Consumer Payment Services Checkout 59

Inside Retail

MAY 24, 2023

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. Further, she pointed out that over half of retailers who use the payment option do so to meet needs around convenience.

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Inside Retail

SEPTEMBER 2, 2021

And buyers can get pre-approved for finance online at the checkout. Affordability is another important element to consider in the used-car market. The average price of one of the cars is $25,000. We would love to have electric cars on our platform, but they’re just so hard to come by.

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Independent Retailer

AUGUST 17, 2022

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. Expanding your retail business can be hard to do without the finances of big-name stores. Open New Locations. Improve the Shopping Experience.

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