Retail TouchPoints

OCTOBER 30, 2023

One such payment option that has demonstrated its effectiveness in streamlining these transactions is Dynamic Currency Conversion (DCC). DCC is an optional service offered at the point of sale, allowing customers to view the cost of their purchases in their home currency. Benefits for Retailers 1. As evidenced by the data showing U.S.

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Retail TouchPoints

JULY 8, 2022

The good news is that since its global popularization in 2020, Buy Now Pay Later (BNPL) has become a real game-changer for merchants looking to boost their business. For shoppers, BNPL is a seamless payment method that helps break up their purchases into several installments, bringing more cash flow and budgeting flexibility.

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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., In 2022, the share of online purchases using BNPL grew by 14% YoY, with revenue from BNPL growing 27% YoY, according to Adobe Analytics.

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Retail TouchPoints

JULY 7, 2020

And Nike maintained top-of-mind focus amidst lockdown in China by promoting its workout app, resulting in an 80% increase in use and a 30% increase in online sales. As we move forward, these capabilities are critical for all retailers: Accept Contactless Payments. Traditionally, U.S. And contactless is not limited to the point of sale.

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Retail TouchPoints

SEPTEMBER 12, 2023

Photo courtesy of TikTok Shop While the ecommerce functionality has been available to at least some users since late last year, today marks the service’s debut to the wider TikTok community, and to say that both consumers and brands have been eagerly anticipating this development might be an understatement. Digital Service (USDS).

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Retail TouchPoints

OCTOBER 19, 2022

As economic pressures and living costs surge, more people than ever are considering using point-of-service (POS) finance — such as buy now, pay later and installment loans — to manage their cashflow. It is in nobody’s interest to onboard financially delinquent customers or customers with affordability problems.

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Retail TouchPoints

JUNE 30, 2021

In fact, 85% of professionals who have used customer journey maps found that they increased customer satisfaction, lowered churn, reduced complaints, and raised their Net Promoter Score (NPS ). Taking a physical experience and integrating digital payments on mobile platforms can boost customer engagement and satisfaction.

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Inside Retail

FEBRUARY 4, 2024

Consumers will be even more selective, payment flexibility and innovation will be vital, and new tools to boost online security will gain momentum. Using promotional codes, cashback offers and rewards and spending more time researching before buying were similarly set to remain persistent trends.

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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.

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Retail TouchPoints

DECEMBER 11, 2023

Now, just two months later, TikTok has entered a strategic partnership with Indonesian ecommerce firm PT GoTo Gojek Tokopedia (GoTo) that gives TikTok a controlling stake in one of the biggest shopping platforms int the country, Tokopedia. TikTok paid $840 million for 75.01% of PT Tokopedia and committed to investing more than US $1.5

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365 Retail

APRIL 28, 2025

The whole process can take minutes to complete. So much so that the e-commerce industry has gone as far as to simplify their processes to save you even more time. We now have things like one-click purchases, meaning if we see something we like, we can buy it there and then without having to go through a checkout process.

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Retail TouchPoints

APRIL 27, 2021

FedEx and Adobe have entered a multi-year collaboration that will begin with the integration of Adobe Commerce with ShopRunner, an ecommerce platform and subsidiary of FedEx Services.

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Retail TouchPoints

MAY 18, 2021

However, taking advantage of this growing market isn’t easy, with higher churn rates making it difficult for brands to cover acquisition costs and scale revenues. So how can merchants get a piece of the pie? But by employing nine key strategies, merchants of all sizes can run successful subscription programs. Build Awareness.

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Retail TouchPoints

OCTOBER 6, 2022

The Mastercard SpendingPulse measures in-store and online retail sales across all forms of payment, providing a wealth of insights to help merchants refine and optimize their holiday strategies. McNamara spotlighted a surge in promotional activities in July 2022 that marked the official kickoff of the back-to-school season.

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Retail TouchPoints

JUNE 15, 2022

based online sellers” are reportedly participating in the beta test of Buy Direct, but a source told Business Insider that Microsoft hopes the service will drive $25 million in gross merchandising value (GMV) by fiscal 2023, which ends June 30, 2023. At the moment a “ couple hundred U.S.-based Bing’s goal might be similar.

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Retail TouchPoints

AUGUST 5, 2022

Online fraud cost digital commerce merchants $27 billion in 2021 , so it’s no surprise that retailers have redoubled their focus on eliminating these threats. Here’s how to address that problem and move up Maslow’s pyramid to achieve true retail transcendence as a thriving, profitable and customer-focused business.

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Retail TouchPoints

NOVEMBER 2, 2021

Customer who sell their luxury products to Fashionphile have the option of receiving payment in the form of a Neiman Marcus gift card and receive a 10% discount on the gift card value. Now, NMG has acquired a minority stake in Fashionphile and plans to open Fashionphile Selling Studios in an additional nine stores over the next nine months.

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Inside Retail

SEPTEMBER 3, 2024

Technological advancements over the past decade revolutionised the way consumers pay for goods and services. Phones and smartwatches are now regularly used to make payments, more recently complemented by such emerging options as buy-now-pay-later and cryptocurrencies. This happens across all payment methods.

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Retail TouchPoints

OCTOBER 20, 2023

Accusations of “greenwashing” can lead to irreversible damage to reputation and consumer trust, and with environmental social governance (ESG) now high on the agenda for public and private organizations worldwide, it’s changing how many retailers think about their businesses. And how can POS finance fit into the equation?

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Retail TouchPoints

FEBRUARY 21, 2023

Recent headlines about Meta ’s Instagram and Facebook doing away with shopping features on their platforms might appear to be a retreat in the social commerce wars. YouTube also reported an ad revenue miss in Q4 2022, with its $7.96 billion in quarterly revenue representing an almost 8% decline from Q4 2021.

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Retail TouchPoints

NOVEMBER 16, 2022

small business owners. It will integrate directly with Square’s solution ecosystem, empowering sellers to organize their finances and manage cash flow from the same platform they use to run their business. Additionally, eligible SMBs will be able to earn a $100 TikTok advertising credit. Multiple Meta Resources.

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Retail TouchPoints

JANUARY 3, 2023

This article reveals effective strategies to safeguard brands’ customers, reputation and revenue moving forward. This was especially evident on Black Friday, when many merchants offered steep markdowns to compete. Furthermore, 40% of respondents lost more than 10% of their revenue. Inflation and the Incredible Shrinking Margin.

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Retail TouchPoints

JULY 2, 2024

That has begun to change now, and among the swath of new platforms aiming to serve this sector, Faire has emerged as a front-runner. Since its launch in 2017, the platform has raised more than $1.29 At the time Faire was running a deal to promote its expansion into Europe , where the platform would cover import taxes. “I

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Retail TouchPoints

AUGUST 15, 2022

All the while the abuse economy is stepping up its game with tactics such as engaging services that enable anyone to hire a bot army for contacting consumers, impersonating accounts, retrieving one-time passwords and completing fraudulent transactions. Entire Facebook groups are devoted to buying customer reviews. Where to Begin.

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Small Biz Trends

APRIL 15, 2021

Besides having a brick-and-mortar shop, going online to offer your products and services comes with lots of opportunities for your business. An eCommerce platform is a software application that helps businesses sell products and services online. Top 12 Ecommerce Software Options for Small Business.

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Inside Retail

OCTOBER 19, 2021

As global apparel revenues plummeted almost 20 per cent in 2020, e-commerce has emerged as the silver lining of the fashion industry’s challenging year. New customers are a major growth engine for retailers, but many merchants view first-time online shoppers as high-risk due to their unfamiliar behaviour and lack of purchase history.

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Retail TouchPoints

NOVEMBER 13, 2023

And when the student loan repayment moratorium ends, that means even less disposable income for consumers to spend on discretionary goods and services. Almost all (91%) of respondents reported shopping during promotional sales to save money, and 45% of the respondents expected to shop during sales more in 2023.

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Inside Retail

MARCH 27, 2023

In February, ShopBack, a shopping, rewards and payments platform, partnered with Sunway Pyramid, a mall in Malaysia, on the ShopFiesta event to reward shoppers with promotions and giveaways. Shoppers were able to make purchases at a discount and split their payments into three instalments.

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Retail TouchPoints

JANUARY 12, 2024

This steady growth is being driven by an increasing number of social media users (expected to reach 5 billion worldwide this year) and the emergence of the “creator economy,” with influencers playing a significant role in promoting and selling products to their audiences. trillion by 2026, more than doubling its current value.

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Secure Retail

SEPTEMBER 30, 2024

This version furthers the protection of payment data with new controls to address sophisticated cyber attacks. Applications and software that interact with financial data must adhere to data security standards (DSS) mandated by the Payment Card Industry Security Standards Council (PCI SSC). Promote security as a continuous process.

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Retail TouchPoints

DECEMBER 19, 2022

All of these retailers succeed by building hype around the launch, priming their loyal customers to place their order as soon as the product or service is released. This surge of reseller abuse can have a negative impact on the business-consumer relationship. Below, we examine reseller tactics and their potential damage to merchants.

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Inside Retail

DECEMBER 1, 2021

In the last financial reporting year, covering calendar 2020, the world’s top 20 technology companies booked revenues of US$2.1 Where revenues went, profits followed. billion on revenues of US$386.1 Second on the list of big tech companies was Apple, with revenues of US$274.5 This represented an increase of US$135.2

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Inside Retail

DECEMBER 10, 2024

Retail media and other alternative revenue streams By 2028, Coresight predicts that retail media could represent as much as 27 per cent of the total advertising market in the US, a major spike from just 17 per cent in 2023. Two key areas where retail media could unlock opportunities include in-store media and shopper data as a profit center.

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Inside Retail

NOVEMBER 26, 2023

Cyber Monday, the first Monday after the Thanksgiving holiday, is set to be the biggest US online shopping day of the year as merchants have stepped up online promotions. Despite an earlier start to retailers’ holiday promotions this year, there weren’t a lot of great deals initially, Garf said. and 11 p.m.

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Small Biz Trends

JUNE 30, 2023

Affiliate marketing is popular among businesses because it only pays if a specific action results in an increase in sales. You can make quick money as a marketing affiliate by recommending great products and services to your readers. It works by dividing the responsibility of product promotion and production between parties.

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Independent Retailer

NOVEMBER 2, 2021

Retailers with online stores need to make sure their site search function is up-to-snuff or they stand to lose revenue. Consider artificial intelligence platforms to amplify the ecommerce site search. Crypto Payments Help Deliver a Competitive Advantage. Prepare for typos and misspelling.

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Indigo 9 Digital

JANUARY 17, 2023

This shift in behaviour translated into material revenue gains for food delivery companies. DoorDash’s revenues in fourth quarter of 2020 were up 226% to reach $970 million, Uber Eats’ revenues were up in a similar fashion by 224% to reach $1.4 Food delivery companies largely sell an undifferentiated service.

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