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Bank branch closures should be paused immediately, says Which?

365 Retail

Banks are being urged to put an immediate pause on branch closure plans, following an “alarming acceleration”. found there have been 736 bank branch closures this year so far, with another 220 planned to go in 2022. Banks are being urged by Which? Not everyone can use online or phone banking (PA). Analysis by Which?

Banking 64
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Monetizing Data Assets is the Lifeline Retailers Need to Restore Growth

Retail TouchPoints

So what about first-party consumer data? Who is helping consumers access and use their own data? Consumers Want Control of Their Data. Consumers are seeking access, privacy and control over their data. Consumers are comfortable with data if they have access and if it proves its value. The Value in Receipt Data.

Banking 252
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FTC’s ‘Click-to-Cancel’ Proposal: A Step Forward for the Negative Option Model

Retail TouchPoints

Legacy FTC rules require sellers to disclose sale terms before consumers subscribe and to provide cancellation information. As FTC Chair Lina Khan explains, “The new rule aims to prevent businesses from tricking consumers into unwanted subscriptions, saving consumers time and money.

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ClearSale Review: Will It Protect You From Fraudulent Refund Claims?

Ecommerce Platforms

Since merchants and consumers are increasingly moving their activities online, the global online retail market now accounts for nearly 20% of all retail sales. For the uninitiated, friendly fraud is when a consumer intentionally makes an online purchase on a debit or credit card, which they later dispute with their bank.

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Does Customer Age Matter for Fraud Prevention?

Retail TouchPoints

In 2020, consumers spent approximately $630 billion on online shopping, and merchants lost $12 billion to fraud. Consumers in every age bracket are in fraudsters’ sights. Typical hooks that draw Gen Xers in, per Javelin, include messages about package tracking, interest rates and banking information. Millennials.

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FastSpring and EBANX Forge Partnership to Expand Pix Payments for Digital Products in Brazil

FastSpring

Pix, Brazil’s instant payment system introduced by the Central Bank of Brazil in 2020, has rapidly gained popularity among consumers as a preferred digital payment method. EBANX goes beyond payments, increasing sales, and fostering seamless purchase experiences for businesses and clients.

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eBay, Etsy, Poshmark Marketplace Coalition Calls Anti-Counterfeiting Bill a Threat to Sellers’ Privacy

Retail TouchPoints

A group of online marketplaces including eBay , Etsy , Poshmark , Mercari and OfferUp have banded together to highlight what they feel are oversights in the proposed INFORM Consumers Act — which is aimed at cracking down on the sale of stolen and counterfeit products online — and other similar legislation in states around the country.