article thumbnail

How To Streamline Your Payment Processes

Retail Minded

For many, payment management can be challenging to tackle. However, starting on the right track regarding the payment aspect is crucial to ensure a seamless flow of operations. Luckily, the advancement in technology makes the payment administration task manageable.

article thumbnail

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

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Power imbalance: data reveals “woeful” payment times by large retailers

Inside Retail

According to data analysed by ASBFEO of 7,000 big businesses collected by the federal government’s Payment Times Reporting Regulator , only 24 per cent of big businesses in the retail sector are paying its small business customers within 30 days.

Boutique 195
article thumbnail

Woolworths to accept QR code payments

Inside Retail

The new feature allows shoppers to seamlessly pay and update their Everyday Rewards points using a QR code, eliminating the need for processes at the end of a transaction. The post Woolworths to accept QR code payments appeared first on Inside Retail.

Checkout 246
article thumbnail

Embedded Finance: Making Payments Possible in New Frontiers

Retail TouchPoints

If we thought the pandemic-driven shift to digital payments was an evolution, we’re about to be catapulted into a new world, where payments will become possible in places thought impossible just a few years ago. In this way, embedded payments can create a positive shift in mindsets.

Finance 94
article thumbnail

Australia to regulate crypto and BNPL in payments overhaul

Inside Retail

Australia will create a licencing framework for cryptocurrency exchanges and consider launching a retail central bank digital currency as part of the biggest overhaul of its payments industry in a quarter of a century. “Australia must retain its sovereignty over our payment system.”

article thumbnail

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.

article thumbnail

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.

article thumbnail

Amazon to Begin Accepting Venmo Payments

Retail TouchPoints

Amazon will begin offering Venmo as a payment option on its website and app, rolling it out to select customers immediately and available to all U.S. Digital Commerce E-commerce Experience Payments Amazon digital payments digital wallets payment integrations PayPal venmo

article thumbnail

The Ongoing Battle to Protect Consumer Payment Card Data

Retail TouchPoints

Using our payment card whilst we shop online rarely gives us pause, and the many millions who buy online generally trust the system. The war between criminal gangs and the payment industry has been raging for some time. Data Security Executive ViewPoints John Elliot Jscrambler payment

article thumbnail

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

article thumbnail

Woolworths launching stand-alone payments platform, Wpay

Inside Retail

Woolworths is launching its own stand-alone payments platform, Wpay, which will power payments inside and outside its group of businesses, and further extends the group into the retail ecosystem in Australia.

article thumbnail

Apple ‘Tap to Pay’ Expands Retailers’ Contactless Payment Options

Retail TouchPoints

retailers will be able to accept contactless customer payments on their Apple iPhones via its new Tap to Pay functionality. Stripe will be the first payment platform to offer the service to business customers, including the Shopify Point of Sale app this spring.

article thumbnail

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.

article thumbnail

Payment Trends Revolutionizing Retail in 2022

Retail Focus

Modern marketers have numerous alternatives in terms of reputable online payment options. Without an effective method of payment, it is challenging to deliver quality services to customers. It is one of the most popular online payment methods in the world with millions of users.

Checkout 130
article thumbnail

4 Tips to Help Retailers Meet PCI DSS Compliance

Retail TouchPoints

Among the many obstacles that retailers now face, data compliance and security continue to be a major challenge, especially given the high volumes of personally identifiable information (PII) and payment card information (PCI) that retailers process on a daily basis.

article thumbnail

How small business owners can love payment solutions

Inside Retail

Terminals and payment solutions are key for every small business, but with complex costings and connectivity issues, can you really love them? But what about payment solutions? Is it really possible to love payment solutions?

article thumbnail

Hybrid Cloud Operations in the New Era of Digital Payment Applications

Cisco Retail

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. Hybrid Cloud Operating Model as the Solution.

article thumbnail

BNPL and the growth of digital payments in Apac

Inside Retail

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.

article thumbnail

Exclusive Q&A: Venmo GM on the Company’s ‘Natural Extensions’ into Business Payments

Retail TouchPoints

That inherent distaste for the transaction phase is one reason payment companies are so eager to expand into other parts of the shopper journey. What that enables people to do is accept payments for goods and services and then also grow and market their business on the Venmo platform.

article thumbnail

Crypto Payments Adoption in FinTech: How Do Retailers Fit in?

Retail TouchPoints

No matter how fast the modern payment ecosystem is developing, the pursuit of the best customer experience isn’t going anywhere. For retailers, the revolutionary payments shift towards cryptocurrency will certainly come with challenges, but it may all be worth it.

article thumbnail

Foot Locker to Offer New Payment Options In-Store

Retail TouchPoints

The specialty athletic retailer has partnered with FreedomPay to deploy its Next Level Commerce platform across its domestic store network, giving customers the option to pay via contactless payment methods and digital wallets including PayPal/Venmo.

Checkout 118
article thumbnail

Why it’s a good idea to offer payment plans to your business customers

Inside Retail

Payment flexibility has been commonplace in B2C transactions for many years, and now, emerging payment technology is making this possible for B2B trade. Why should your business provide payment plans to business customers?

Planning 264
article thumbnail

Are Contactless Payments The “New Normal” For The Retail Industry?

Retail Focus

At the beginning of the pandemic, massive shifts and changes were needed for a multitude of industries and the way they operate. One of the industries that saw extensive change was the retail industry, especially when it came to finding solutions for safe and reliable methods of payment. .

article thumbnail

What alternative payment methods should you offer? A five-step checklist

Inside Retail

Alternative Payment Methods (APMs) are gaining popularity with customers. In Europe, 80 per cent of consumers expect to have the option to pay with a payment method other than cards. In the Middle East (MENA), digital wallets are expected to soon be the preferred mode of payment.

Checkout 130
article thumbnail

How to design payment architectures with evented APIs

Mulesoft

In the last decade, the nature of payments has changed irrevocably. To thrive in this new payments landscape, financial institutions need to offer more […]. The post How to design payment architectures with evented APIs first appeared on MuleSoft Blog.

article thumbnail

The customer is in control: Here’s the new payment and checkout experience

Inside Retail

People flock to shopping centres and it is not just to procure goods and services; it is also about the experiential enjoyment, the social element and the ability to make more informed purchasing decisions.”. Offering choices: Self-service vs assisted service, cash vs non-cash payments.

Checkout 162
article thumbnail

Global Payments Provider Secures $30 Million in New Funding

Retail TouchPoints

Reach , a combined payments, tax and fraud platform designed to improve handling of cross-border commerce transactions, has received $30 million in its latest funding round. The Reach solution powers transactions in 120 local currencies and local processing in more than 40 markets.

article thumbnail

Instant payment solutions hold the key to the retailer refund conundrum

A1 Retail

Tom Pope, Head of Payments and Platforms at Tink talks to A1 Retail about how retailers can overcome the refund conundrum with payment solutions. If we dive into this deeper, returns are identified as one of the most considerable drains on business operations.

Returns 98
article thumbnail

OnBuy selects Nuvei for digital marketplace payments

365 Retail

Nuvei Corporation the Canadian fintech company, announces today it has been selected by UK marketplace OnBuy as its payment partner to help the business execute on its growth initiatives in and beyond the UK. Financial News Payments Technology Nuvei Corporation OnBuy.com

article thumbnail

Apple to Expand Further into Payment Services with Built-in BNPL Option

Retail TouchPoints

The service, called Apple Pay Later , will let users split any Apple Pay purchase into four equal payments, spread over six weeks, with zero interest and no fees. Digital Commerce E-commerce Experience Payments apple Apple Pay Later Apple Wallet bnpl buy now, pay later

Consumer 116
article thumbnail

3 Post-COVID Benefits of Contactless Payments for Retailers (and 3 for Customers)

Retail TouchPoints

Contactless payments skyrocketed in popularity during the COVID-19 pandemic while cash payments plummeted. However, the trend toward touchless payments doesn’t end with easing of transmission fears and the lifting of restrictions. Greater payment flexibility.

article thumbnail

Why Retailers Need Cloud-Native Payment Orchestration: 5 Tips to Flexible, Scalable, Customized Payment Infrastructure

Retail TouchPoints

Why is payment orchestration suddenly getting so much attention? Payment orchestration is no longer optional. Surprisingly, how retailers manage and handle payments has not changed; it’s decisively stuck 20 years in the past. A No-Win Payments Scenario.

article thumbnail

What are payment APIs?

Mulesoft

As technology rapidly evolves alongside customer expectations, adopting an API-first approach in payments has become critical. APIs are the building blocks of the next-generation of payments platforms, utilizing the power of Anypoint Platform. The post What are payment APIs?

article thumbnail

American Dream Again Misses $8.8 Million Loan Payment

Retail TouchPoints

million debt service payment on municipal bonds sold to help finance the venture, due to insufficient funds. The mall also had missed the previous payment deadline for the same reason in August 2022. The American Dream mall and entertainment complex failed to make a Feb.

article thumbnail

Cisco SD-WAN achieves PCI-DSS compliance

Cisco Retail

Attestation of Compliance (AOC) as a Level 1 Service Provider. As more consumers get accustomed to online shopping, retailers will need to continuously enhance the customer experience, improve operations, and battle the ongoing threat.

article thumbnail

Eftpos to launch QR-code payments: What does it mean for retailers?

Inside Retail

The eQR payments platform is being rolled out in partnership with Commonwealth Bank and NAB, as well as with fintechs Azupay , Beem It and Merchant Warrior. What do QR-code payments mean for SMEs? When it comes to payments services, the hardest part is the implementation.

article thumbnail

EVCP Payment Solution from Secure Retail using the OTI TRIO-IQ

Secure Retail

Secure Retail offers an excellent portfolio that combines technology, reliability and fast, secure, payment for EV charging points in one complete solution. All elements of our service provision have been certified to the latest compliance standards.

Kiosk 98
article thumbnail

Starbucks, 7-Eleven Expand Contactless Payment Options

Retail TouchPoints

As COVID-19 has accelerated the trend away from cash payments to mobile and other contactless methods, Starbucks and 7-Eleven have both expanded their mobile payment options. Customer Experience News Briefs Mobile Commerce Loyalty Payments starbucks 7-Eleven starbucks rewards 7NOW app

article thumbnail

American Dream Misses $8.8 Million Loan Payment

Retail TouchPoints

New Jersey mall and entertainment complex American Dream has failed to make an interest payment on municipal loans sold to help finance the $5 billion venture. The missed payment was for $8.8 Payment on the $287 million debt was due Aug.

Finance 88
article thumbnail

Innovation in Retail Payments

Secure Retail

The Innovation in Retail Payments whitepaper reveals the importance for retailers to embrace new technologies that make shopping experiences safer, quicker and more convenient. A wider range of frictionless payment options look to be the future! The growth of mobile enabled payments.

article thumbnail

Ingenico and Inspire Payments partner to ignite payments for UK SMEs

365 Retail

Ingenico a Worldline brand, and Inspire Payments today announce a new partnership, equipping the Verastar Group’s company with Ingenico’s market leading ‘Move’ and ‘Desk’ payment terminals. Insight News Payments Ingenico Inspire Payments

article thumbnail

Guest Post: How to Ensure PCI Compliance in Your Call Center?

Hyken

As a call center operator, it’s essential for you to protect sensitive cardholder data. Specifically, need to safeguard customer credit card payment data.? . What Is PCI-DSS Compliance? . How to Establish PCI Compliance . PCI Compliance Myths to Avoid .