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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. A recent study of more than 4,700 consumers from Bread Financial indicates payment choices — including retail store credit cards, bank branded credit cards and buy now, pay later (BNPL) — at checkout have become a major factor in pleasing shoppers and closing a sale.

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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. The only problem is, for many retailers, the idea of becoming involved in the financial transaction part of the journey is a leap too far. Its simplicity works for the retailer and customer alike. Furthermore, approximately 1.6

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How Does a POS System Work? 5 Common Point of Sale Questions

Korona

A point of sale system used to be a cash register that simply took account of the sales of the day and organized the bills into sections. The current main function of point of sale systems remains the same. – Point of Sale Components. Which Point of Sale Product Is Best For Your Business?

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Three Requirements For Successful Retailers Post-Pandemic

Retail TouchPoints

The global pandemic has accelerated the pace of change for the retail industry at a rate we have never before seen. Burlington Stores is grappling with its January decision to cut online sales altogether and the coronavirus may be the final blow that shutters JCPenney for good. And contactless is not limited to the point of sale.

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How To Accept ACH Payments For Your Small Business: Everything You Need To Know

Korona

Automated Clearing House (ACH) payments are direct bank transfers of payments between people and businesses. ACH transfers are electronic, bank-to-bank money transfers processed through the Automated Clearing House network. Payments can be accepted through a bank or a TPPP, or third-party payment processor.

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How Mobile Payments Are Taking Over eCommerce

Groove

Encryption technology allows sellers to accept these payments that are connected through a 3rd-party app linking the customer’s bank account, credit card, or debit card. NFC (near field communication) Mobile Payments are the way mobile devices and the NFC-enabled point-of-sale systems work together to process transactions.

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What Is a Third-Party Payment Processor? The Ultimate Guide

Korona

After all, a seamless checkout experience is critical for both cashiers and customers alike, a faulty machine can mean lost sales, and high processing rates can end up costing even a small business thousands of dollars every year. A payment processor is also the third-party processor of ACH bank transfers.