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Where Payment Processing Systems Are Headed In 2020

RTP blog

However, payment technology is perhaps the best it’s ever been. FinTech companies and customer expectations are shaping the future of payment processing. Here’s what you can expect in 2020. Better Payment Security Credit card fraud is on the decline. their payments. billion in damages. Think about that.

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Party City Plans Just 25 Halloween Pop-Ups For 2020

Retail TouchPoints

Party City is hiring 20,000 temporary workers for the holiday season — 80% of its 25,000 seasonal hires in 2019 — even though the retailer is drastically reducing the number of Halloween City pop-up stores it will open this year. The National Retail Federation projects that Halloween spending will dip only 8% from 2019, topping $8 billion.

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How To Leverage M-Commerce For Your Retail Business

RetailMinded

For example, retail businesses now integrate omnichannel strategies like M-commerce or mobile commerce to enable mobile shopping. Many consumers now rely on mobile devices to research products and services, make an order, and complete transactions. Accept Mobile Payments. Use It For Personalized Marketing.

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December 2020 COVID-19 + Ecommerce Update

ROI Revolution

As we put 2020 behind us, marketers and executives aren’t leaving behind their concerns about COVID-19. Pandemic accelerates digital retail: Stats + trends. According to eMarketer data , as of June 2020, 30% of consumers indicated interested in mobile payments , up from 17% just three months before in March.

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More than a quarter of payments in 2020 were contactless as cash use plunged

365 Retail

Coins and banknotes were used for 17% of all payments in the UK last year, while 27% of payments were contactless, UK Finance said. With fewer opportunities to spend during the coronavirus lockdowns and large parts of the economy shut, the total number of payments across the UK fell in 2020 for the first time in six years.

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Digital Commerce and the Threat of Card-not-present Fraud

BigCommerce

Digital commerce continues to be top of mind for online retailers. Retailers continually optimize their sales channels to deliver more seamless consumer experiences. Some estimates project that global ecommerce sales will reach $4 trillion by the year 2020. Mobile payments are also making an increasing impact.

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Consumer Survey Roundup: Retailers Must Demonstrate Safety Measures To Woo Shoppers Back To Stores

Retail TouchPoints

These consumer sentiments, along with the need to protect the health of both shoppers and store associates, means retailers need to be stringent about enforcing social distancing and other safety measures as they reopen. Retailers Must Reassure Nervous Shoppers. Is it possible the worst of the coronavirus pandemic is behind us?

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