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Consumers and Merchants Should Look Before They Leap into BNPL Services

Retail TouchPoints

The economic fallout from the COVID-19 pandemic accelerated demand for buy now, pay later (BNPL) payment options. over the five years through 2024-25, to $1.1 As the popularity of BNPL increases, it is important for consumers and merchants to weigh the benefits and the drawbacks of using/offering these payment options.

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The Global State of Autonomous Stores

365 Retail

In a highly competitive global retail landscape, autonomous stores are an emerging force that addresses changing consumer behaviours, reduces operational costs, improves profitability, and powers revenue growth strategies. The shops leverage AI technology developed in collaboration with US firm AiFi and utilize the Microsoft Azure platform.

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eCommerce Fraud 101: A Guide to the Risks Facing DTC Brands

ESW

Another study by Juniper Research estimates online merchants will lose more than $25 billion to fraud in 2024, up from $17 billion in 2020. This is despite improved security technology like secure customer authentication. Following PCI Security Standards is a must, says John Rampton , Founder of payment processing company Due.

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Mastercard Announces That Magnetic Stripes Will Be Phased Out

Korona

All new cards will have the option to be void of the magnetic stripe starting in 2024 in Europe and 2027 in the U.S. So while banks and credit card companies have already given merchants plenty of reasons to adopt the chip and PIN technology , they’ve still left plenty of time for the new technology to be gradually adopted.

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FastSpring Support: 2023 Q4 Updates From Customer Support

FastSpring

Elevate Your Business With FastSpring Contextual Customer Churn: Turning the Tide With Proven Retention Strategies The Only Thing That’s Constant With Tax Law Is Change Need FastSpring support? Attempting to initiate partial refunds in the platform with these payment methods will result in an error. Visit our Support page. Tax refunds.

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8 Mobile eCommerce Trends Here to Stay

GetElastic

economy alone, mobile commerce revenue rose from $268 to $338 billion from 2019-2020. It’s even more alarming to look at where that same revenue stood in 2013 – just a fraction at $41B. Mobile Payments. Ranging anywhere from bill pay to shopping, to splitting costs among friends and family, mobile payments have hit their stride.

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How Coronavirus (COVID-19) Is Impacting Ecommerce [August 2021]

ROI Revolution

Mastercard reports that their Q2 2021 revenue surged 36% over last year, a confident indication that consumer spending is rebounding after the pandemic made shoppers wary of making discretionary purchases. It’s not just that shoppers are spending more – it’s also that they’re making more digital payments and fewer cash payments.

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