Inside Retail

JUNE 23, 2023

Payment giants Visa and Mastercard have pledged not to offer merchants cut-price credit transaction rates if they lock into their debit transaction systems, a move small business advocates hope will level the playing field for local SMEs. billion in debit card transaction fees in 2019 alone. How are debit transaction fees applied?

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Retail TouchPoints

FEBRUARY 28, 2024

They also have aligned on how to resolve litigation between the union and the company and are seeking to establish a fair process for workers to organize. Senate committee in March 2023 that the retailer didn’t have the authority to extend benefits to unionized workers.

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Retail TouchPoints

SEPTEMBER 14, 2022

Select Burton , GANNI , Outdoor Voices and Vince locations have rolled out the new Tap to Pay on iPhone feature from NewStore , a modular, mobile-first omnichannel cloud platform for retailers. NewStore customer data found that 50% of credit card transactions across all live stores are occurring via Tap to Pay on iPhone.

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Retail TouchPoints

MAY 2, 2023

Additionally, footwear and apparel retailer Sam Edelman has launched its ReLove resale initiative with support from the Archive platform. Container Store customers can pick up a ThredUp Clean Out Kit at any of the retailer’s 97 stores or generate a prepaid shipping label from containerstore.thredup.com.

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Inside Retail

OCTOBER 13, 2021

In this article, we outline how your business can strengthen its cash flow and grow by providing more payment options to retail business customers. Selling your products wholesale to retailers enables you to enjoy larger order volumes, but there are downsides too – late payments and inefficient payments processes.

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Inside Retail

JULY 12, 2023

Upmarket Melbourne CBD eatery Calia has collapsed into voluntary administration, owing an estimated $2 million to Australian diner loyalty platform Liven and raising questions for diners with unredeemed restaurant credits. The platform also offers point of sale integrations, table ordering, and pickup and delivery solutions.

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Inside Retail

JANUARY 11, 2022

Bunnings’ chief information officer Leah Balter confirmed to Crikey that its customers’ data could be included in the leak, but that it would only involve customers’ name and email addresses, as the business doesn’t collect passwords, credit card numbers, or phone numbers when using FlexBooker. “As

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Retail TouchPoints

NOVEMBER 1, 2023

As online commerce continues to surge, chargeback fraud victimizes more and more retailers. Experts report that chargebacks will cost merchants over $100 billion in 2023, and false claims and abuse of the chargeback process are a growing threat to merchants. The same goes for online portals, loyalty programs and virtual gift cards.

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Retail Wire

SEPTEMBER 21, 2022

Retailers are lobbying Congress to enact legislation that would give them the flexibility to determine who to use to process interchange (AKA swipe) fees they are charged when customers buy goods with credit cards. Merchants say that reducing or eliminating the fees will cut the cost of goods to consumers.

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Mass Relators

APRIL 25, 2024

WASHINGTON – Soaring credit and debit card swipe fees cost the average U.S. American families should not get bilked for more than $1,100 each year on swipe fees,” MPC Executive Committee member and National Retail Federation Senior Director of Government Relations Dylan Jeon said. billion, according to MPC estimates.

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Retail TouchPoints

APRIL 21, 2021

The wallets are expected to unseat credit cards as the preferred online payment method in the coming years, according to the FIS Global Payments Report 2021. The benefit is wallets definitely streamline the checkout process, particularly on ecommerce, because there’s no manual entry of the information. of ecommerce spend.

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Inside Retail

NOVEMBER 22, 2023

Retailers know this, consumers know this, cybercriminals know this, and are unfortunately ready to take advantage of any weak link that can be found to steal vital consumer and business data. Why target retail? The online retail, or e-commerce, market surpassed a staggering $1.09 This effort does pay off.

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Retail TouchPoints

AUGUST 10, 2021

Contactless payments solve many of the pain points that have always been experienced by both retailers and customers. Investing in new methods of payment that support efficient, effective transactions for all parties is what will set retailers apart, both today and in the future. Benefits for the Retailer. Secure transactions.

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Retail TouchPoints

SEPTEMBER 7, 2023

billion class action settlement related to credit card payment processing fees, from which Party City is expected to receive about $5 million , according to Reuters. A month later the retailer closed 22 underperforming stores as part of its restructuring. million in cash plus Party City’s share of a $5.6

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Inside Retail

MARCH 19, 2024

“Pace and Shopback’s decision is part of an ongoing trend of greater consolidation in the BNPL segment, and we may continue to see this continue in the coming months,” he told Inside Retail. According to Madan, the upside of this consolidation is that many BNPL players are now innovating to set themselves apart from the remaining players.

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Inside Retail

JUNE 21, 2023

Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation across the industry from landfill. billion cards in circulation. The manufacturing process for plastic is also a major source of planet-warming greenhouse gas.

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Retail TouchPoints

OCTOBER 1, 2021

The company is in the process of notifying its online customers of the security breach, which occurred in May 2020. The retailer said it has notified law enforcement and is working closely with Mandiant , a leading cybersecurity expert, to investigate. No active Neiman Marcus-branded credit cards were impacted.

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Retail TouchPoints

JUNE 6, 2023

Recommerce, the online selling of previously owned items to buyers who reuse, recycle or resell them, is growing 11 times faster than traditional retail and is expected to reach $84 billion by 2030. Without an efficient process in place, a retailer may unintentionally offer undesirable items.

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Retail TouchPoints

SEPTEMBER 6, 2022

But for retailers, having an online strategy isn’t enough — especially if it’s an outdated one, and only designed for one generation. At the same time, just to complicate things further for retailers, Gen Z actually likes to shop in physical retail stores, according to the study. Your grandma shops online. Many baby boomers do.

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Inside Retail

DECEMBER 1, 2022

With Christmas just around the corner, it’s important to stay vigilant as scams and fraud can happen to any business that accepts debit and credit card payments, and can have a significant financial and reputational impact at this time of year. Tools like 3DSecure can help with these additional security processes.

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Retail TouchPoints

JANUARY 3, 2023

With shrinking margins, economic uncertainty, and growing cyber risks from automated threats, retailers face continued challenges in 2023. Becoming proficient at navigating these obstacles is key to protecting retail profits. Five Key Automated Threats Impacting Retailers’ Bottom Line. Bad Bots are Siphoning Profits.

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Inside Retail

MAY 25, 2023

Buy now, pay later offers an easy and convenient alternative to credit card services. One reason for this is that buy now, pay later companies aren’t regulated by the same consumer-protection rules that apply to other credit providers. Most importantly it will impose credit-check requirements.

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Retail Smart Guys

DECEMBER 26, 2023

Having worked with different retailers for many years now, I want to share a valuable resource that has made a significant difference for our clients – Merchant Cost Consulting. Merchant Cost Consulting is a reliable partner specializing in reducing credit card processing fees for businesses.

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Inside Retail

MAY 10, 2022

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. Shoppers can receive e-receipts on the Everyday Rewards app.

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Retail Minded

MARCH 29, 2024

For retailers looking to expand their operations, securing financing is a crucial step to fuel growth. Whether opening new locations, renovating existing stores, or investing in technology and inventory, retail expansion requires significant capital investment.

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Retail TouchPoints

DECEMBER 2, 2021

Online retail is a main target for cyberattacks, and bad bots play a primary role. To avoid these problems, retailers need effective filtering tools to block malicious traffic, sufficient bandwidth and other resources for absorbing even massive DDoS assaults, and the ability to autoscale resources as needed to minimize expenses for usage.

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National Retail Solutions

JANUARY 18, 2024

Navigate the world of credit card processing types, from simple purchases to complex transfers, for smarter financial management. The post An Overview of Credit Card Processing Transaction Types appeared first on National Retail Solutions.

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Retail TouchPoints

AUGUST 11, 2021

Over the last year, retailers have endured a range of unprecedented challenges. As the global economy re-emerges from the pandemic, retailers must continue to remain vigilant and proactive to protect cardholder information and meet PCI DSS compliance. An Introduction to PCI Compliance. Conduct frequent employee education sessions.

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Retail TouchPoints

NOVEMBER 4, 2021

We’re seeing pretty good growth coming into the season,” said Vivek Pandya, Lead Analyst for Adobe Digital Insights in an interview with Retail TouchPoints. Just this October, Walmart did away with its layaway program in favor of a BNPL solution, and it is just one of a raft of retailers adding the option both online and in stores.

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Retail Wire

SEPTEMBER 14, 2022

A group of more than 1,600 merchants is asking Congress to pass legislation that would give them the option of using networks other than Mastercard and Visa to process credit card transactions. The retailers claim that so-called swipe fees drive up prices for American consumers. according to the Nilson Report.

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Retail Minded

FEBRUARY 20, 2024

You’ve probably noticed the wide variety of credit cards available right at your favorite stores! Retailers like Amazon, Walmart, Target, Kohl’s, and Old Navy all offer branded credit cards to make shopping more rewarding. And that’s what you get with a store credit card!

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Retail TouchPoints

MARCH 17, 2023

Amazon is facing a class action lawsuit alleging that the retailer failed to alert Amazon Go customers in New York City that they were being monitored by biometric tracking technology, including facial recognition. The customer is always in control of when they choose to be identified using their palm.”

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Retail Wire

JULY 20, 2022

Banks will charge retailers as much as $2.5 billion to process credit card transactions during the back-to-school season.

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Retail TouchPoints

MARCH 27, 2023

Put simply, it’s a way for financial and non-financial businesses alike to integrate payments services like credit or prepaid cards, lending, savings and other financial products into their core services. The fintech industry has long pursued a fight against friction in payment processes because ultimately we are all consumers.

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Retail TouchPoints

JANUARY 9, 2023

The retailer has managed to achieve profitability in some quarters, but its overall sales growth has been negative and its outlook for the coming year remains cautious. Macy’s has decline to spin off its ecommerce operations, claiming the move has “ high execution risk ,” and the retailer is making investments in its omnichannel offerings.

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Retail TouchPoints

FEBRUARY 4, 2021

The tool is designed to help smaller retailers accept SNAP purchases online in the 47 states participating in the USDA pilot program that expands acceptance of SNAP EBT payment to ecommerce. Mercatus has launched SNAP EBT Online, an integration-ready ordering and checkout capability that allows U.S.

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Retail TouchPoints

JULY 15, 2020

When retail historians compile the definitive chronicle of this era, they will recall something remarkable: as merchants across the nation responded to the COVID-19 outbreak by shifting more operations online, two years’ worth of e-Commerce growth got crammed into two weeks. How to explain that paradox? Curbside Pickup/BOPIS Fraud.

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