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Online payment fraud losses to exceed $206 billion over the next five years; driven by identity fraud

Retail Technology Review

A new study from Juniper Research has found that merchant losses to online payment fraud will exceed $206 billion cumulatively for the period between 2021 and 2025. This figure, equivalent to almost 10 times Amazon’s net income in the 2020 financial year, demonstrates why merchants must make combatting fraud, through the use of machine learning-based fraud prevention platforms, an immediate priority.

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A Self-Service Cannabis Kiosk That Offers Digital Payment Processing

Frank Mayer

teams with Alt36 on a market-ready self-service kiosk that offers a compliant digital payment solution for the cannabis sector. GRAFTON, WI – Alt36, a digital payments provider for the cannabis industry, has partnered with kiosk designer and manufacturer Frank Mayer and Associates, Inc.

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What you can do to tackle rising merchant fraud

Inside Retail

One crucial area is merchant fraud, and any business taking card payments is vulnerable. For its part, CommBank’s advanced banking security features ensure merchant accounts remain secure. For more tips, check out our merchant security hub [ here ].

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Amazon launches cash advance program for merchants

Retail Dive

Sellers can access capital from $500 up to $10 million, while payment is based on a fixed percentage of their gross merchandise sales

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Merchants adapt check-out process to thwart cart abandonment

Retail Dive

Merchants are giving online customers a broader menu of payment options in the hopes of keeping customers through to completion of a purchase

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Why Payment Orchestration is the key to international merchant growth

A1 Retail

To do so effectively, however, retailers need to optimise their payments ecosystems now to put in place the right framework for expansion in the future. Payments; the next frontier of user experience. What is Payment Orchestration? Planning for the future of payments.

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Amazon Launches Merchant Cash Advance Program for Small Business Sellers

Small Biz Trends

Amazon recently launched a new financing solution for small business sellers in the form of a merchant cash advance. It works by tying payment on the cash advance to a portion of the seller’s future sales for a fixed capital fee.

Finance 97
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PayPal to increase merchant fees in August

Retail Dive

transaction fees despite a crowd of competitors angling to lure merchants and consumers to alternative payment services The company is raising some U.S.

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Can Printed Receipts Help Brick-and-Mortar Merchants Avoid Chargebacks?

Star Miconics

This was good for both merchants and consumers, but it ultimately led to a surge in chargebacks and friendly fraud. Merchants have the right to contest invalid chargebacks, but proving a claim is bogus requires evidence. How Receipts Work in the Merchant’s Favor.

Returns 82
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Shopify Debuts Creator Marketplace to Connect Influencers with Merchants

Retail TouchPoints

Shopify has launched a new platform called Shopify Collabs that makes it easier for creators to find and partner with Shopify merchants looking for marketing support. Shopify Collabs is now available to all merchants in the U.S.

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Australian B2B marketplace Ollee connects merchants with ethical brands

Inside Retail

As retailers look to source more ethical, natural, and eco-friendly products, Ollee has launched Australia’s first local and ethical B2B marketplace to help merchants connect with purpose-driven brands.

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Shopify Collabs Wants to Connect Small Business Merchants and Creators

Small Biz Trends

Shopify is trying to bring small businesses together with Shopify Collabs, which aims to make it simple for creators to monetize while giving merchants a new sales and marketing channel. Shopify Collabs Wants to Connect Small Business Merchants and Creators.

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Merchants say they're losing revenue to online fraud, FIS finds

Retail Dive

Six in ten merchants globally reported higher rates of e-commerce fraud in 2020 and struggle to cope with rising payments fraud, an FIS report indicates

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5 Ways Retail Businesses Benefit From A Merchant Cash Advance

Retail Minded

Therefore, a merchant cash advance is a very practical funding option for many retail businesses. . What Is A Merchant Cash Advance? A merchant cash advance is a flexible business loan for short-term business funding needs. Learn more about the basics of a merchant cash advance.

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How to add digital payment options and still meet customer preferences

Inside Retail

For retailers, meeting demand for an ever-expanding range of payments and digital services no longer has to be costly or complex. To keep pace, online retailers continue to add new services to their e-commerce offerings. Payments Sponsored content Technology Commonwealth Bank

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Akeneo’s PIM solution gives builders merchant, Bradfords, the tools for commerce success

Retail Focus

Builders’ merchant, Bradfords Building Supplies , has transformed the way it merchandises its products online using a solution from Akeneo, the global leader in product experience management (PXM) and product information management (PIM).

Returns 130
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Top 5 Merchant Services Podcasts You Must Follow in 2021

Star Miconics

Top 5 Merchant Services Podcasts Contents [show] ?About About this list & ranking Merchant Services Podcasts Merchant Sales Podcast 5 with Danny Host Merchant Services Submit Blog Do you want more traffic, leads, and sales?

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Merchants call on Fed to cut debit card swipe fees

Mass Relators

WASHINGTON – The Merchants Payments Coalition on Tuesday called for the Federal Reserve to revise debit card swipe fee rules to reflect lower bank costs. Banks’ costs have constantly fallen but merchants are still paying as much as they were a decade ago.

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Metro Payment Technologies Collaborates With Star Micronics to Offer Merchant Solutions for Businesses

Star Miconics

Complemented with Star’s TSP654II and Value Series cash drawer, Metro Payment offers merchants a full range of products, services, and expertise to help streamline payment operations. Metro is your one-stop solution for all your payment processing and technology needs.

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Shopify Says Its Merchants Have Created Nearly 5 Million Jobs

Small Biz Trends

Canadian-based global eCommerce company Shopify says its merchants contributed 5 million jobs and $444 billion in global economic activity in 2021. Shopify merchants sold $25 billion worth of goods and services outside of their home countries.

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SCA: How merchants can prepare this festive shopping season

A1 Retail

Kirsty Morris, Managing Director of Specialist Sales at Barclaycard Payments talks to A1 Retail about Strong Customer Authentication (SCA) and how merchants can prepare this festive shopping season. 2022 saw the biggest change to payments in 16 years, since chip-and-pin was introduced.

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Cryptocurrencies are the Future of Payments: Here is How Merchants Fit In

Retail TouchPoints

With banks and credit card companies warming up to the idea of Bitcoin trading and crypto rewards on card transactions, are they really extending the benefits of crypto to merchants, or is this just a play to get consumers to buy into a shiny new card that looks different but acts very much the same?

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The Complete Guide to Google Merchant Center Promotions

Store Growers

The Google Merchant Center Promotions program allows you to do exactly that. What are Google Merchant Center Promotions? Merchant Promotions is a Google Merchant Center program that lets online advertisers show their promotions in their Shopping Ads.

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Three Types of Promotions Merchants Can Use To Attract Subscribers 

Retail TouchPoints

Data backs this up as well: A study from the global professional services firm Alvarez & Marsal found that 44% of consumers tried a new beauty brand because of promotions and/or discounts last year, up from 25% in 2020.

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Unlimint’s ingenuity with cross-border payments

Inside Retail

Aided by mass digitalisation, businesses are increasingly revamping their processes by adopting globalised digital tools, especially cross-border payments. At Unlimint, we take a multidirectional approach to cross-border payments. Payments Sponsored content Technology Unlimint

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Calming the Storm: How Merchants can Take Advantage of the Volatility of Life by Embracing Multi-Dimensional Commerce

Retail TouchPoints

As the retail industry starts to return to normal in 2022, merchants around the world continue to respond to changing consumer behavior by embracing adaptability with open arms, in addition to being increasingly open to new technologies as part of their long-term strategies.

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Calming the Storm: How Merchants can Take Advantage of the Volatility of Life by Embracing Multi-Dimensional Commerce

Retail TouchPoints

As the retail industry starts to return to normal in 2022, merchants around the world continue to respond to changing consumer behavior by embracing adaptability with open arms, in addition to being increasingly open to new technologies as part of their long-term strategies.

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How To Connect Your Shopify Store To Google Merchant Center

Store Growers

And that journey starts with connecting your Shopify store to Google Merchant Center. What is Google Merchant Center? Google Merchant Center is a free tool by Google that lets you manage the connection to your ecommerce platform to connect all of your products data to Google’s systems.

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Top 4 Options To Get Google Merchant Center Support (2023)

Store Growers

Before you can get started with Google Shopping you have to get Google Merchant Center running smoothly. So in this article, we’ll lay out the top 4 ways to get Google Merchant Center support. The 4 Different Types of Google Merchant Center Support. Self-service Googling.

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Axerve white paper explores digital payments trends & the importance of multi-channel and hyper-personalised payments services

365 Retail

Axerve, Payment Partner to Grow, specialising in creating accessible and frictionless payment solutions for Ecommerce and physical sales, today announces the release of a new white paper, ‘ New technologies and trends in digital payments in 2022 ’.

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Merchant knowledge gaps on ecommerce costs need addressing

A1 Retail

By David Jeffrey, Director of Product, Barclaycard Payments. The latest data from Barclaycard Payments shows that 50 percent of our transactions now come through ecommerce, up from 40 percent pre-pandemic. The remarkable rise of digital wallets and payment services.

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Consumers and Merchants Should Look Before They Leap into BNPL Services

Retail TouchPoints

The economic fallout from the COVID-19 pandemic accelerated demand for buy now, pay later (BNPL) payment options. Research by The Ascent showed that among people who have used a BNPL service, 45% first did so in 2019, 21% first did so in 2020, and only 7% had used a BNPL service prior to 2015.

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Hybrid Cloud Operations in the New Era of Digital Payment Applications

Cisco CSR

This is the third blog in a series on financial services where I investigate a few challenges of managing hybrid cloud operations in the payment application development arena. The evolution of electronic payment technology. What’s new in Financial Services at Cisco.

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Coles doubles down on payments with launch of Flypay for grocery

Inside Retail

A year on from the introduction of payment platform Flypay to Coles Liquor websites, including Liquorland, Vintage Cellars and First Choice Liquor, the digital wallet has now been expanded to grocery shoppers through Coles Online. Coles isn’t the only retailer investing in payments technology.

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Top 10 Technology Investments Online Merchants In US Are Banking On For 2022

Retail Minded

A new study revealed: Social media marketing (32%), e-commerce software (31%), email marketing (29%), retail operations (26%) and online payments (24%) score highly. Customer service (28%). Online payments (24%).

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Gen Z’s Message to Merchants: Meet Us in the Metaverse

365 Retail

Embedded finance is when consumers have unique, tailored financial services delivered to them at the point of need by non-financial companies. The post Gen Z’s Message to Merchants: Meet Us in the Metaverse appeared first on 365 RETAIL | Retail Technology News.

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Amazon rolling out ‘Buy with Prime’ for merchants outside its platform

Retail Wire

Amazon.com will enable merchants outside its online marketplace to make use of its payment and delivery services. In a pilot of “Buy With Prime” launched in April, shopper conversion increased by 25 percent, according to Amazon. in-article

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The Quick Guide To Google Merchant Center Programs

Store Growers

Advertisers use Google Merchant Center to connect their product feed to Google Ads. But Google Merchant Center offers a ton of other features on top of that. These extra features are called Google Merchant Center programs. What are Google Merchant Center Programs?

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Zalora to optimise global payments with BridgerPay

Inside Retail

Southeast Asia’s leading online fashion and lifestyle retailer offers customers a world of payment options and a seamless shopping experience. Together, we will fulfil our mutual goal of making online payments a frictionless and seamless experience for customers through our easy integration.

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How to Set Up Shipping in Google Merchant Center

Store Growers

When you’re configuring your Google Merchant Center account, one of the essential parts to get right is the shipping settings. Why You Need to Set Up Shipping in Google Merchant Center. How Shipping Settings Work in Google Merchant Center. Last Updated on July 6, 2022.

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Vyne and Gr4vy partner to enable instant Open Banking payments for online merchants

Retail Times

Vyne, the specialist account-to-account payments platform, today announces a new partnership with Gr4vy, a leading cloud-native payment orchestration platform (POP), that will give online merchants access to open banking payments infrastructure.

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Cross-border merchants can add Latin America to their operations as emerchantpay extends local payment capabilities in the region

Retail Times

emerchantpay, a leading global payment service provider, now provides local payments acceptance for cross-border merchants and partners in eight Latin America countries. The addition enables cross-border merchants and partners to accept popular local payment methods and domestic and international card schemes in the region.

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Contactless transactions surged in 2021 as shoppers and merchants benefitted from £100 limit increase

A1 Retail

The value of payments made contactlessly increased 40.2 Thursday 23 December was the busiest day for contactless payments with the value of eligible transactions 121.4 per cent of all eligible card transactions in 2021 were made contactlessly, with the total value of contactless payments made increasing by 40.2 Other significant increases in the value of payments made include at sports and outdoor retailers (up 64.7

Outdoor 63