Retail Focus

APRIL 11, 2024

In the fast-paced world of retail, efficiency is key to staying competitive and profitable. One area where efficiency can make a significant impact is in payment processing. Any compromise of client data not only results in financial losses but also inflicts significant damage to a retailer’s reputation.

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Inside Retail

JULY 24, 2023

The trend towards using self-service and self-checkout (SCO) options in both retail and hospitality was already strong, but the pandemic sent it soaring. The same research found that 47 per cent of consumers choose different checkout options each time. Why limit the self-checkout payment options to electronic payments?

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Retail TouchPoints

MARCH 20, 2024

SNAP EBT payment capabilities are built in to the Flashfood platform, benefiting the 4.6 million SNAP customers in California, and Flashfood is committed to adding SNAP EBT as a payment option for all its retail partners by the end of the year, in partnership with payments company Forage. “No

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Retail TouchPoints

APRIL 10, 2023

Regional payments can be complex. For retailers and regional payments, consumer payment preferences play one piece, while checkout optimization and diversification play another. Right now, global retail ecommerce sales are on track to reach $8.1 Target consumers’ regional payment preferences.

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Inside Retail

OCTOBER 13, 2021

Options such as buy now, pay later (BNPL) services were first introduced to business to consumer (B2C) transactions, giving customers the ability to access products and services they need today while paying at a later date or over a series of instalments. . Transform your B2B transactions with better payment technology.

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Retail TouchPoints

JANUARY 26, 2024

The seamless nature of digital commerce has inspired consumers to expect more from the payment experience everywhere they shop — online, in-store and even via social channels. Customers today expect to be able to shop where and when they want and use the payment method they want.” more compared to their previous buying levels.

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Retail TouchPoints

APRIL 10, 2024

Treasury, but even as that money faded, lockdowns hurt retailers and inflation took hold, consumers took it in stride and kept spending. Consumers again and again have propped up the economy, fueling consistently strong growth in ecommerce and giving the retail industry an important edge in otherwise dark times. Think about it.

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Retail TouchPoints

FEBRUARY 23, 2022

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. Consider accepting a third-party provider.

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Retail TouchPoints

AUGUST 10, 2021

Contactless payments skyrocketed in popularity during the COVID-19 pandemic while cash payments plummeted. This was partially attributed to the diminished capacity to shop in-store, but was also connected to the fear of viral transmission via both shared payment terminals and cash itself. Benefits for the Retailer.

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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.

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Retail TouchPoints

OCTOBER 26, 2022

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. Amazon shoppers will be able to add their Venmo account as a payment method for their Amazon account and even set it up as their default payment option.

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Inside Retail

DECEMBER 18, 2023

Operating food delivery, video streaming and payment services in Asia, Coupang made its IPO debut on the New York Stock Exchange in 2021. It will also re-evaluate options for YNAP to “best harness its strengths and potential under new stewardship”. The deal is expected to be finalised next year. million Farfetch shares.

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Retail Focus

MAY 1, 2024

Online retailers use algorithms to analyze your browsing and purchase history, offering recommendations tailored just for you. They often come with user-friendly interfaces, secure payment options, and the ability to track your orders in real time. You can compare prices, read reviews, and make purchases with a simple click.

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Retail TouchPoints

JULY 8, 2022

In an increasingly competitive marketplace, retailers are now facing the challenge of capturing and maintaining market share and keeping their customers loyal. 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

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. Here are three effective solutions for retailers aiming to prioritize the responsible use of BNPL. Take split payments as an example.

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Retail TouchPoints

OCTOBER 4, 2022

In addition to supporting customers who use Supplemental Nutrition Assistance Program (SNAP) Electronic Benefits Transfer (EBT) payment options, the program also affords easier access to Amazon Layaway. The ecommerce giant noted that the program was introduced to help consumers as they weather rising costs on essentials.

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Inside Retail

FEBRUARY 29, 2024

Retailer Urban Rampage has been ordered to stop deducting payments for purchases through deductions from Centrepay benefits. As part of the suspended payment plan, customers can buy products from Urban Rampage with credit that is deducted from their Centrelink income before they receive their support payment.

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Retail TouchPoints

DECEMBER 7, 2023

Sika Health — a payment solution that enables ecommerce merchants to accept Health Spending Account (HSA) and Flexible Spending Account (FSA) payments — has launched a new marketplace where consumers can shop directly for HSA- and FSA-eligible products.

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Retail TouchPoints

NOVEMBER 8, 2023

DoorDash has added tax-advantaged HSA and FSA accounts as payment options for on-demand delivery of more than 30,000 eligible products. To publicize the new option, the delivery service has added “HSA/FSA Eligible” labels under individual products on select merchants’ store pages.

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Retail TouchPoints

APRIL 5, 2022

Mobile technology is transforming payments, making it easier, safer and more affordable for people to move and manage their money than ever before,” said Dan Schulman, President and CEO of PayPal at the time of the spinoff. Source: CivicScience. Consumers are now more digital, and they’ve gotten into these habits.

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Retail Gazette

MARCH 19, 2024

Boots has launched a Klarna payments option both online and via its app from today (19 March). The new partnership with the buy now pay later giant will ensure shoppers a “smooth payments experience”. The retailer said it wanted to make its offices in Nottingham, London and Weybridge a “normal place of work” for its employees.

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Inside Retail

NOVEMBER 15, 2021

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? This reduces the likelihood of late payments and strengthens your customer relationships. .

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Retail TouchPoints

MAY 25, 2023

Natural food products retailer Freshmart has adopted online sales and fulfillment solutions from eGrowcery. The customized system features a focus on fresh and prepared foods and fulfillment options including store pickup and integrated delivery.

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Retail TouchPoints

JANUARY 24, 2023

EWS also said that if a sizable number of merchants enable the wallet it might also explore adding other payment options, such as direct payments from bank accounts. “We hear from consumers that they want to utilize online payments from their trusted financial institutions,” said Anderson in a statement.

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Retail TouchPoints

AUGUST 15, 2023

Prime Visa and Amazon Visa cardmembers can now make equal monthly payments for items they purchase on tens of thousands of participating online retail sites when they use Amazon Pay. Consumers will be able to split payments across six or 12 months at 0% APR on purchases of $50 or more.

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Retail TouchPoints

APRIL 21, 2021

The pandemic accelerated not just ecommerce but also digital payment methods: digital wallets reached 29.3% 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. share of ecommerce payments. of ecommerce spend.

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Retail Focus

NOVEMBER 1, 2023

The retail landscape is constantly changing, and there’s no doubt that the rise of online shopping has been revolutionary. But has this form of retail reached a point at which it could potentially decline? The Digital Revolution As the internet has grown, new digital options have flourished with it.

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Retail TouchPoints

JULY 25, 2022

It has become apparent that retail brands adopting BNPL methods are seeing increases in sales, and that those that don’t are barring themselves from these new sales. But how do these solutions work, what are the risks, and how can you prepare yourself to integrate them into your retail experience? BNPL: The Facts. with Klarna.”.

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Inside Retail

AUGUST 21, 2023

While the world may slowly be returning to normal in the post-pandemic era, retailers worldwide continue to face labour shortages in customer-facing roles. A recent study by Deloitte found that 74 per cent of executives heading major global retail companies expect shortages in customer-facing positions.

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Retail TouchPoints

MARCH 17, 2022

The tool gives brands an owned alternative to third-party digital wallets and payment options, including one-click functionality, directly from their own channels. Buy Now is designed to make any retailer-owned touch point shoppable.

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Retail Focus

SEPTEMBER 27, 2022

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. In this article, we will discuss some of the payment trends revolutionizing retail in 2022. . Google Pay .

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Inside Retail

NOVEMBER 4, 2021

Offering people the ability to spread out their payments for goods and services across regular intervals enables consumers to better manage their own cash flow. In this article, we outline some of the key BNPL trends and the benefits that suppliers and wholesalers can enjoy by providing more payment options to business customers.

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Retail TouchPoints

NOVEMBER 1, 2022

As consumers increasingly adopt hybrid and omnichannel experiences, retailers must adapt to meet changing consumer expectations. However, many retailers struggle to deliver these experiences because of limited resources and a lack of expertise. Provide seamless checkout options with digital rewards and payment options.

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Inside Retail

MAY 24, 2023

Many retailers have become accustomed to using Buy Now Pay Later (BNPL) services to capture customer spend, with the option being particularly popular among younger Australians who are bearing the brunt of cost of living pressures. It’s what customers want and that means it’s a goldmine for retail,” Bowden told Inside Retail. “It

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Inside Retail

AUGUST 15, 2023

Australian retailers Harris Scarfe and Best & Less Group are facing a probe along with legal action for underpaying employees. “Being paid for all time worked at the correct rate of pay isn’t optional, it’s the law,” said SDA national secretary Gerard Dwyer.

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Retail TouchPoints

JUNE 22, 2022

Shopify has launched a number of new integrations aimed at helping retailers meet shoppers wherever they are — across social media, stores and in-person events. The partnership is designed to help retailers meet shoppers on Twitter at the right moment along their journey, whether it’s for discovery, inspiration or consideration.

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Retail TouchPoints

FEBRUARY 14, 2024

Amid declining sales, apparel retailer Express has hired restructuring adviser M3 and law firm Kirkland & Ellis to help restructure nearly $280 million of debt, according to the Wall Street Journal , which cited people with knowledge of the matter.

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