Retail TouchPoints

MARCH 22, 2022

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.

Merchant Services 219

Merchant Services Payment Services Banking eCommerce 219

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. trillion in 2022. Benefits for Retailers 1.

Payment Services 230

Payment Services Merchant Services Payments Point of Sale 230

Fabric

AUGUST 8, 2023

In 2022, US e-commerce sales topped $1 trillion , while global e-commerce sales soared past $5.7 Order management is the process of efficiently handling and fulfilling customer orders from start to finish. For large-scale e-commerce enterprises with complex operations, order management is a critical piece of the puzzle.

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Payment Services Fulfillment Management eCommerce 130

Retail TouchPoints

NOVEMBER 3, 2021

Buzek forecasts very strong growth for these solutions during the next two years, with self-checkout rising 178% , contactless payment climbing 190% and payment via consumers’ mobile devices increasing 300%. Retail ‘winners’ were already doing this at much higher levels than others, even before COVID,” said Buzek.

Payment Services 325

Payment Services Shipping Costs Electronics Fulfillment 325

Ecommerce Platforms

MARCH 14, 2022

Mobile POS systems are all the rage right now, and as we head into 2022, their adoption rate is only going to increase. The pandemic laid bare the problems with the conventional checkout process, and companies began looking at more efficient, and more hygienic, ways to process payments. Go to the top. mm headphone jack.

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POS Payment Services Mobile Payments 197

Retail TouchPoints

FEBRUARY 15, 2022

So what changes should we expect to see in 2022? Outfits like GoPuff, Gorillas and 1520 took the grocery market by storm in 2021, offering a limited menu of consumables, delivered to your door in an incredible 30 minutes or less (and commanding multi-billion dollar valuations in the process.) Here’s my take: 1.

Shipping Costs 301

Shipping Costs Payment Services Multi-channel Mobile Payments 301

Retail TouchPoints

JULY 20, 2023

Amazon will expand its Amazon One palm payment technology to all 500+ Whole Foods Market stores by the end of 2023. The identification, payment, loyalty membership and entry solutions are currently deployed at a total of more than 400 locations in the U.S., Amazon acquired Whole Foods in 2017 for $13.7 billion.

Payment Services 201

Payment Services Food and Beverages Customer Experience Technology 201

Ecommerce Platforms

APRIL 29, 2022

With both Clover and Shopify, you can sell products online and offline, manage payments from a multitude of different sources, track your inventory and so much more. Unlike Shopify, Clover can offer specific support for counter service, table service, and retail. Wide range of payment tools including in-built Shopify Payments.

POS 209

POS Merchant Services Shopify Payment Services 209

Retail TouchPoints

FEBRUARY 9, 2022

retailers will be able to accept contactless customer payments on their Apple iPhones via its new Tap to Pay functionality. Consumers will be able to use their credit and debit cards, Apple Pay or other digital wallets to purchase items, with no additional POS hardware or payment terminal required to complete transactions.

Payment Services 283

Payment Services Point of Sale Retail POS 283

Retail TouchPoints

OCTOBER 6, 2022

The Retail TouchPoints 2022 Retail Strategy & Planning (#RSP22) webinar series, now available on-demand, offered a wealth of tips and best practices across critical areas including pricing, location-based technology, inventory management and marketplaces. Mastercard Spending Data Reveals 4 Key Takeaways for Holiday 2022.

Shipping Costs 231

Shipping Costs Payment Services Merchant Services Payments 231

Ecommerce Platforms

SEPTEMBER 1, 2022

A Point of Sale system, or POS, is the solution you use to process payments, manage business functionality, and even track insights in a brick-and-mortar environment. Payment processing: Ensure your point of sale is ready to take payments in a range of different formats, from contactless Apple Pay and Google Pay, to PayPal.

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POS Payment Services lightspeed Payments 197

Retail TouchPoints

FEBRUARY 7, 2023

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. 1, 2023 $8.8 The notice from U.S.

Payment Services 219

Payment Services Department Stores Clothing Banking 219

Ecommerce Platforms

AUGUST 18, 2022

In 2022, organizations will continue to face unprecedented hiring challenges. For instance, many businesses now operate on a hybrid basis. For example, benefits, payroll, and tax compliance can differ when you hire internationally. Horizons Review – Key Features and Services. This is where Horizons comes in.

Payment Services 205

Payment Services Document Demo Management 205

Retail TouchPoints

MARCH 20, 2024

The Save Mart Companies , a 194 -store supermarket chain operating in California and western Nevada, has partnered with Flashfood to offer high-quality groceries at up to 50% off and, not incidentally, divert food waste from landfills. More than 11 million tons of food went to waste in California alone in 2022, according to Flashfood.

Payment Services 226

Payment Services Fulfillment Operations Technology 226

Retail TouchPoints

JANUARY 24, 2023

The digital wallet will be managed by Early Warning Services (EWS) , the company that operates Zelle, but will operate separately from Zelle. The other four owners in the EWS/Zelle venture include Capital One Financial , PNC Financial Services Group , U.S. Bancorp and Truist Financial.

PayPal 260

PayPal Banking Merchant Services Payment Services 260

Retail TouchPoints

JUNE 4, 2021

In particular, consumer expectations for contactless payment methods as a result of health and safety concerns during the pandemic are galvanizing retailers to integrate flexible, contactless payment options like voice payment technologies into their operations.

Payment Services 163

Payment Services Payments Small Business Retail Technology 163

365 Retail

JANUARY 12, 2024

This requires suitable payment solutions – turning payment into a strategic success factor. Payment systems were of rather subordinate importance as a trade fair topic because payment in retail was mostly still analogue. Credit card payments were done via Imprinter and a paper receipt.

Payment Services 62

Payment Services Mobile Payments Banking POS 62

Retail TouchPoints

FEBRUARY 26, 2024

While they’re not perfect, many financial services companies provide concise, one-page statements clearly detailing why consumer data is collected, how it is collected, what is collected and how it is used. The total number of data breaches and leaks last year surpassed 2022’s numbers in September.

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Improvements Payment Services Consumer Banking 290

Retail TouchPoints

SEPTEMBER 12, 2023

in November 2022. and Secure checkout: TikTok has partnered with third-party payment platforms to facilitate transactions on TikTok Shop and to ensure a quick, smooth and secure checkout process. Digital Service (USDS). reads the company announcement. The company also reiterated that all TikTok-protected U.S.

Merchant Services 231

Merchant Services Payment Services Multi-channel Shopify 231

Korona

MARCH 30, 2022

The payment industry has been anticipating drastic changes to its standards for several years now. These changes to the Payment Card Industry Data Security Standard (PCI DSS) are finally being implemented in the first half of 2022. This post aims to cover what PCI compliance entails, what the PCI DSS v4.0 replaced 3.1

Payment Services 52

Payment Services Merchant Services Payments POS 52

Retail TouchPoints

APRIL 10, 2024

Since 2020, the global economy has sat on pins and needles as the fallout from COVID-19 rippled through 2021, 2022 and 2023. Inflation isn’t expected to go away in 2024, although its effects are expected to be more modest than in 2022, for example, which saw an inflation rate high of 9.1%. in February 2024 , an increase from 3.1%

Customer Loyalty 224

Customer Loyalty Payment Services Customer Consumer 224

Korona

JANUARY 4, 2023

So retailers, too, need to be prepared to accept payments across borders. And these are mainly found in the process of making cross-border payments. Both businesses and employees have run into problems when trying to complete a cross-border payment. What Are Cross-Border Payments? Who Can Use Cross-Border Payments?

Payment Services 52

Payment Services Small Business Retail Payments POS 52

Retail TouchPoints

FEBRUARY 17, 2023

The RealReal will cut operating costs through layoffs and store closures, with plans to eliminate 230 positions, or 7% of its workforce, according to a filing with the Securities and Exchange Commission. million , primarily in severance payments, employee benefits and similar expenses. Revenue for Q3 2022 was $142.7

Payment Services 291

Payment Services Payments Accessories Operations 291

Retail TouchPoints

JUNE 23, 2022

The 2022 back-to-school (BTS) season could be the most “normal” since the start of the pandemic, with even more demand than the record-setting BTS 2021 season for clothing, classroom supplies and new technology. Give Back-to-School Shoppers Alternative Payment Options. Streamline Your Checkout Process for Busy Parents and Students.

Payment Services 251

Payment Services eCommerce Payments Retail 251

Retail TouchPoints

MARCH 17, 2023

The law took effect in January 2022 but Amazon didn’t put up signs regarding its use of biometric tracking technology in Amazon Go stores until March 2023, according to the lawsuit. 7, 2023 but never received a response. “We The customer is always in control of when they choose to be identified using their palm.”

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Payment Services Customer Technology Information 229

Retail TouchPoints

AUGUST 17, 2022

It’s hard to say that 2022 has been the year of ecommerce so far. On one hand, ecommerce automation saves a ton of time compared to manual ways of executing an operation. Numerous apps on Shopify like Opinew can help you fully automate that process.” Looking at all the stats, frankly one might even say quite the opposite.

eCommerce 354

eCommerce Payment Services Channel Social Media 354

365 Retail

JULY 24, 2023

Now processing over 10% of the global grocery sales data, Retail Insight , the leading provider of in-store operations execution software, is targeting its next growth phase, consolidating its position as a global technology leader, while expanding into new territories, supported by a series of senior hires.

Payment Services 52

Payment Services Operations Technology Retail 52

Retail TouchPoints

MAY 27, 2022

including new payment and checkout options, personalized styling facilitated by smart mirrors and upgraded delivery and return options. COS (which stands for Collection of Style) is owned by H&M and currently operates 13 locations across the U.S. location, with additional locations getting the upgrades later this year.

Payment Services 267

Payment Services Fashion Recommendation Customer Experience 267

Retail TouchPoints

NOVEMBER 28, 2023

million last year. “The 2023 holiday shopping season began with a lot of uncertainty, as consumers shifted their spending to services, while dealing with rising costs across different facets of their lives,” said Vivek Pandya, Lead Analyst at Adobe Digital Insights in a statement. million in 2022, according to the NRF.

Payment Services 254

Payment Services Consumer Operations Retail 254

Ecommerce Platforms

SEPTEMBER 7, 2022

Appointment scheduling apps usually come in SaaS (software as a service) form, where you can either sign up for free or pay a monthly fee to utilize all of its features. The idea behind Squarespace Scheduling is to automate every aspect of your booking calendar, from bookings to reminders, and payments to availability.

Payment Services 104

Payment Services Payments Books PayPal 104

Retail TouchPoints

FEBRUARY 13, 2023

According to one report , the total cost of ecommerce fraud to merchants will exceed $48 billion globally in 2023, from just over $41 billion in 2022. Digital payments misuse accounted for 21% of the total number of fraudulent transactions. Digital payments misuse accounted for 21% of the total number of fraudulent transactions.

Merchant Services 240

Merchant Services Payment Services Technology eCommerce 240

Retail TouchPoints

APRIL 12, 2021

Enter low-code, which abstracts away many of the hurdles from the consumer-facing app development process. The low-code approach is built around a visual interface that allows users to assemble drag-and-drop code components, API-based services, machine learning, IoT capabilities and model-driven logic, and do it with Lego-like simplicity.

Payment Services 278

Payment Services Retail Mobile Customer Experience 278

Retail TouchPoints

APRIL 3, 2023

Retail operations are an increasingly popular target for cybercriminals. The growth of online shopping, self-checkout systems, point-of-sale transactions and other digital processes has created numerous opportunities for attackers. The biggest scourge, however, has been retail-sector ransomware attacks, which grew by 67% in 2022.

Payment Services 235

Payment Services Payments Retail Operations 235

Retail TouchPoints

JANUARY 25, 2024

Because of this, it’s nearly impossible to reverse-engineer one key from the other, or for hackers to guess or intercept, because the keys are randomly generated and never shared during the sign-in process. Improved User Experience Research indicates that consumers may abandon their carts if there’s friction throughout the buying process.

Payment Services 235

Payment Services Cryptography Payments Improvements 235

Retail TouchPoints

SEPTEMBER 20, 2023

Holiday hiring was also down year-over-year in 2022, with employers adding 519,400 jobs, a 26% decline from 2021. And many retailers, seeking to snag the best staff, have announced competitive hourly wage rates and flexible payment options that offer anytime access to earned pay. Amazon: 250,000 + $1.3B

Payment Services 228

Payment Services Food and Beverages Fulfillment Operations 228

Retail TouchPoints

MARCH 21, 2023

The reason for a separate second round of cuts (rather than announcing them all at once) is that not all of Amazon’s teams were done with their analyses in late fall 2022, and the retailer wanted to give them time to complete their investigations before taking the necessary actions.

Payment Services 238

Payment Services Customer Experience Blog Operations 238

Fabric

NOVEMBER 2, 2023

Enterprise e-commerce platforms are purpose-built to handle the complex needs of large-scale retail operations. Examples of platforms that were incapable of scaling to meet surging demand include Nike’s and Ulta Beauty’s websites during Black Friday sales in 2022. Performance is critical as well.

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eCommerce Platforms eCommerce Payment Services Merchant Services 130