Retail TouchPoints

APRIL 5, 2023

So far, this payment method has made it easy for millions to purchase nice-to-have items such as the latest iPhone, trendy sofas, designer handbags and stylish clothes without paying in full upfront. However, hidden fees and late payment penalties can seriously damage consumers’ financial well-being as they can easily rack up massive debt.

Merchant Services 248

Merchant Services Payment Services Finance Consumer 248

Retail TouchPoints

JULY 8, 2022

For shoppers, BNPL is a seamless payment method that helps break up their purchases into several installments, bringing more cash flow and budgeting flexibility. 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.

Merchant Services 241

Merchant Services Payment Services Point of Sale Checkout 241

Inside Retail

JUNE 29, 2022

But the payment method is already truly embedded in the digital economy and is not going anywhere, even if it is regulated. Let’s look at the conditions that were so favourable to this payment method, the inevitable regulations and consumer and media response. BNPL is disrupting credit and driving competition.

Merchant Services 130

Merchant Services Payment Services Finance Consumer 130

Retail TouchPoints

NOVEMBER 28, 2023

Consumer spending on Cyber Monday surpassed initial projections to reach $12.4 Amazon alone said it sold 1 billion products during its extended promotion period, which kicked off earlier than the traditional Cyber Week start of Thanksgiving Day, on Nov. million consumers opting to visit brick-and-mortar locations, up from 72.9

Payment Services 261

Payment Services Promotions Finance Consumer 261

Retail TouchPoints

MARCH 29, 2023

Pay Later — which will let users split purchases into four payments spread over six weeks with no interest and no fees — is now available for some randomly selected Apple Wallet users in the U.S., Before a payment is due, users also will receive notifications via Wallet and email. and will roll out to all users in the coming months.

Merchant Services 276

Merchant Services Payment Services Checkout Finance 276

Inside Retail

OCTOBER 23, 2023

Now, blockchain is building on the foundations of both by influencing everything from payments and loyalty programs to retail locations and supply chains. Building payments with blockchain The idea that a major retailer could provide its own stablecoin, or fiat-backed cryptocurrency, is tantalising. It comes with two big caveats.

Payment Services 289

Payment Services Finance Location Shipping 289

Retail TouchPoints

NOVEMBER 4, 2021

Despite having just officially begun, this holiday shopping season already is marked by supply chain disruption, persistent inflation and mixed consumer confidence. And just like last year, it looks like consumers will respond by turning to ecommerce. Shortages and Sticker Shock Heighten Holiday Stress.

Consumer 261

Consumer Merchant Services Payment Services Drop-Shipping 261

Independent Retailer

OCTOBER 19, 2022

Determining the right mix of financing options comes down to having a deep understanding of your customer and your product set. Nearly half (46%) of consumers surveyed said they are more likely to purchase from retailers who offer a variety of financing options. by Mike Rittler. by Mike Rittler. The Federal Reserve and the U.S.

Finance 74

Finance Payment Services Promotions Consumer 74

Retail TouchPoints

DECEMBER 28, 2021

Think food services, retail and personal and laundry services, for instance. This included adding ecommerce platforms, touchless payments and contactless delivery such as curbside or buy online, pick up in-store (BOPIS). Reasons cited were that the country’s 1.1 This should not be a one-and-done effort.

Payment Services 275

Payment Services Finance Marketing Promotions 275

Retail TouchPoints

JANUARY 6, 2023

consumers reported that they experienced a worsening economic situation over the past year, and members of this group said it would take time for their concerns to subside even as economic stressors abate, according to Deloitte’s Global State of the Consumer Tracker. Promotions can be Effective in this ‘Deal-Seeking’ Environment.

Payment Services 323

Payment Services Promotions Consumer Inventory Management 323

Retail Focus

DECEMBER 14, 2023

This includes changing consumer demands, evolving trends, and the need for product innovation and differentiation. For retailers, this is an essential tool for managing staff, stock and promotional campaigns. Given that many businesses struggle to succeed because of poor cash management, it shows the importance of such processes.

Payment Services 147

Payment Services Finance Promotions Management 147

Retail TouchPoints

APRIL 6, 2023

Check out our other stories, on consumer attitudes toward AI , store design applications and customer-facing applications. The newest generation of artificial intelligence (AI) would seem to be tailor-made for the behind-the-scenes operational complexity of today’s retail organization — and in many ways it is. said Thota.

Payment Services 221

Payment Services Supply Chain Management Supermarket Accounting 221

Retail Minded

MARCH 2, 2022

Some even perform critical tasks to complete the entire retail process. But can Robotic Process Automation (RPA) take retail automation to the next level? The retail industry has been employing RPA to smoothen its operations and gain growth momentum to overcome multiple problems. That’s where robotic process automation can help.

Payment Services 52

Payment Services Inventory Management Promotions Accounting 52

Retail TouchPoints

MARCH 8, 2023

After three years of supply chain logistics and shipping delays, retailers have too much inventory sitting on shelves, and consumer demand continues to be in flux as inflation maintains a strong grip on budgets everywhere. This means the way consumers shop has drastically changed as new financing options rise in popularity.

Payment Services 236

Payment Services Finance Customer Experience Shipping 236

Rangeme

APRIL 22, 2024

Meanwhile, the right financing strategy can provide the resources needed to grow and thrive. There are many options to finance your production runs but not every one of them is the right option for every business. This can help to reduce the monthly strain typically associated with other shorter term financing options.

Payment Services 78

Payment Services Finance Promotions Marketing 78

Retail TouchPoints

MAY 9, 2023

Recent AI advancements have the power to reshape the way the industry operates. Retailers embracing Generative AI can stay ahead of the curve and compete in this ever-changing competitive landscape — enabling them to lead with a customer-first approach while operating with more efficiency. Providing 24/7 customer service.

Payment Services 259

Payment Services Inventory Management Marketing Checkout 259

Retail Gazette

OCTOBER 19, 2023

The telco company aims to utilise tactics developed selling its telecoms goods and services to support its venture into consumer electronics. The business’s largest marketing campaign since its launch will also promote the changes. Click here to sign up to Retail Gazette‘s free daily email newsletter

Payment Services 120

Payment Services Finance Promotions Consumer 120

Retail Bound

MARCH 21, 2024

Understanding the Significance of Net Terms Net terms, also known as credit terms or payment terms, refer to the arrangement between a seller and a buyer concerning the timing and method of payment for goods or services. This competitive advantage can lead to increased market share and revenue growth.

Payment Services 52

Payment Services Wholesale Supply Chain Management Customer Retention 52

Retail Minded

FEBRUARY 20, 2024

In this guide, we’ll explain why store credit credits are a great option for consumers. You’ll find special offers, rewards, and financing options whenever you shop at participating locations. Store credit cards and general-purpose credit cards each serve their own distinct role in the consumer finance landscape.

Consumer 52

Consumer Finance Payment Services Shipping 52

365 Retail

NOVEMBER 8, 2022

The financial technology sector is rapidly evolving with traditional methods of banking now being replaced with digital solutions, in a bid to make things faster, easier, and more streamlined for both businesses and consumers. . Embedded finance . Buy Now Pay Later 2.0 .

Payment Services 75

Payment Services Finance Fast Fashion Consumer 75

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. Self-service scanner apps are the simplest and most widely adopted method.

Checkout 97

Checkout Payment Services Inventory Management Grocer 97

Inside Retail

OCTOBER 19, 2021

Online shoppers want variety – and they want it for everything, including their payment options. Offering more payment methods has been shown to increase conversion rates on fashion websites, but many retailers are wary of accepting alternative payment methods as they come with new vulnerabilities and fraud challenges.

Merchant Services 147

Merchant Services Fashion Payment Services Checkout 147

365 Retail

MARCH 7, 2022

Thus, you’ll need to get a term loan to finance your move, which includes a change in overhead and up-front costs. . You’ll need to have substantial working capital to improve the operation of your organizational activities and enhance profitability. However, you need to have sufficient cash to fund your expansion.

Payment Services 98

Payment Services Finance Operating Expenses Promotions 98

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 Retailers are also offering services within their spaces.

Home Furnishings 52

Home Furnishings Payment Services Merchant Services Fulfillment 52

Inside Retail

FEBRUARY 13, 2024

Two-speed shoppers It’s become a cliché to say that consumers are struggling with the increased cost of living. The Australian Bureau of Statistics reported that, in the first three quarters of 2023, household spending on services increased by 9.6 As consumers have tightened their wallets, they have become more selective.

Beauty and Health 130

Beauty and Health Payment Services Consumer Fashion 130

Independent Retailer

JANUARY 5, 2023

Retailers have been running around tirelessly trying to keep up with consumer demands and the drastic shifts in the economy. Because consumers currently have unlimited options when buying online, their expectations are at an all-time high. In the past, consumers would just view, feel, and purchase. Online-Only to Physical.

Payment Services 84

Payment Services Wholesale Consumer Finance 84

Inside Retail

FEBRUARY 27, 2023

It’s all just commerce now With retailers using the online channel to promote engagement across the entire buying journey, the distinction between the online store and physical stores has become increasingly blurred. Customer service This is often a buyer’s primary point of contact with a brand.

Payment Services 130

Payment Services Social Commerce Promotions Department Stores 130

Retalon

JUNE 18, 2019

Promotion planning is a constant balancing act. You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. These promotions must also fit within your overall promotional strategy which supports your company’s business goals.

Promotions 32

Promotions Markdowns Payment Services Inventory Management 32

Retail Minded

DECEMBER 5, 2022

They must thrive by obtaining immediate cash flow support to sustain operational expenses during market fluctuations. This business funding option allows payment utilizing a sales percentage and a small fee. Promotes Better Cash Flow Management. Provides More Flexible Payment Terms. What Is A Merchant Cash Advance?

Merchant Services 52

Merchant Services Payment Services Operating Expenses Promotions 52

365 Retail

JULY 10, 2023

However, before we plunge into this shopping frenzy, let’s take a moment to reflect on the history of this commercial spectacle, its profound influence on consumer behaviour, and Amazon’s evolution. Consequently, this year’s promotion could not have come at a better time.

Merchant Services 56

Merchant Services Payment Services Consumer Shopping 56

Retail Minded

APRIL 15, 2021

Should you use only organic products for your salon services? Check And Review Your Credit Card Payment Service Options . Depending on how much your merchant service provider charges for handling credit card sales, accepting credit cards at your business can be a blessing or a curse. Organize Your Financial Data .

Merchant Services 52

Merchant Services Payment Services ATS Promotions 52

Retalon

JUNE 18, 2019

Retail Sales Promotion Goals, Examples, and How AI is Optimizing Them. Promotion planning is a constant balancing act. You have many types of promotions to choose from, each with its own effects on consumer behaviour and the resulting outcome. Percent discounts work best when you promote lower-priced products.

Promotions 32

Promotions Markdowns Inventory Management Payment Services 32

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

Retail Geek

NOVEMBER 30, 2022

With covid impacts still in place, a global economic crisis, supply chain disruptions, labor shortages, new retailer discounting practices, and new consumer behaviors we have a lot to unpack. billion consumers are shaping shopping trends. This episodes covers a wide range of topics around the most important shopping week of the year.

Fulfillment 52

Fulfillment Returns Shipping Consumer 52