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Retailers Must Embrace Financial Services, and Quickly

Retail TouchPoints

Retailers know that customer engagement must be the focus of their marketing efforts. And it’s increasingly clear that brands that embrace financial services within the customer journey are scoring highly on engagement scores. Its simplicity works for the retailer and customer alike.

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‘Cash or Card?’: Why More Financing Choices Drive Consumers’ Decisions on Which Retailers to Shop

Retail TouchPoints

The customer experience is paramount to the success of today’s retailers. This includes enhancing in-store inventory, delivery services and even the personalization of customer service. Long gone are the days where retailers can only say, “Cash or card?”;

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New ‘bank hubs’ among schemes being trialled to boost access to cash

365 Retail

A “new model for high street banking” is among the initiatives being trialled, involving a collaboration between the Post Office and high street banks to help bring back local banking services. The hubs will offer access to basic banking and cash withdrawals and deposits through a counter operated by the Post Office.

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What Is The SAFE Act 2022 – Cannabis Banking Developments

Korona

Being federally illegal , cannabis does not have the same access to banking as most other industries. In an effort to break through these financial barriers, members of the United States Congress have proposed legislation known as the SAFE Banking Act. Big banks are also traditionally risk averse.

Banking 59
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Full list of branch closures announced by Lloyds

365 Retail

Lloyds Banking Group has faced anger after announcing the closure of 44 branches across England and Wales. Unite said the decision was a “bitter blow” to staff and customers and accused the bank of “walking away” from local communities. Lloyds said 29 Lloyds Bank and 15 Halifax branches would close (Jonathan Brady/PA).

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eBay to launch lending service for sellers struggling to access Covid-19 support

365 Retail

Online retailer eBay is launching a new money-lending service for business sellers on its platform after finding many struggled to access Government loan schemes during the Covid-19 pandemic. eBay is to launch a loan service for 300,000 small businesses on its platform (eBay/PA).

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Shopify Payments vs Stripe (2023): Choosing a Payment Processor

Ecommerce Platforms

The Basics Most people are familiar with Shopify, the world-renowned ecommerce platform designed to help companies produce websites, manage inventory, and run their business in an all-in-one environment. Plus, you won’t have to pay fees on manual payment methods such as cash and bank transfers. Go to the top What is Stripe?