article thumbnail

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. Federal data indicates that impostor scams and ecommerce fraud topped the list. This approach can reduce fraud losses and improve the shopping experience for good customers. Monitor your brand for impersonation.

article thumbnail

Best 20 Payment Processing Software for eCommerce in 2023

Algopix

In the world of eCommerce, the ability to process payments seamlessly is essential for any online business. Payment processing software intermediates between the customer, merchant, and financial institution, ensuring secure and efficient transactions. What is Payment Processing Software?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Point of Sale Features for Multichannel Retailers: Key Features To Consider

Korona

Selling products or services is no longer only carried out in a physical store. Despite the sheer diversity of all these channels, one crucial tool can synchronize sales and customer data across these platforms: POS software. Owners can access any of their store’s data without being present on-site.

article thumbnail

The Best POS (Point of Sale) Systems for 2019: The Ultimate Guide

Ecommerce Platforms

Store management and payment processing – the two functions that pretty sum up what you should expect from a POS system. Therefore, while the numerous options trigger increased competition among providers, your selection process can be a bit overwhelming. The secret is using a structured selection process.