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Exploring Retail Revolution: The Correlation Between Technological Advancements In Financial Services And Online Retail Success

RTP blog

By Carter Hunt, Western Union Technological advancements in the financial services industry are evolving through complex tools like AI-powered analytics and voice-activated capabilities, offering added levels of insight and convenience. Customers also are becoming more comfortable with digital financial services.

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Stopping Ecommerce Fraud: How Technology can Help

Retail TouchPoints

Fortunately, newer technologies like graph databases and machine learning do that. Using AI and ML technologies are the best tools to attack fraud, with adoption rising. According to the PYMTS report, 71% of financial institutions plan to improve their use of these solutions within the next six to 12 months.

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How to Improve Digital Privacy and Trust Between Consumers and Companies

Retail TouchPoints

While they’re not perfect, many financial services companies provide concise, one-page statements clearly detailing why consumer data is collected, how it is collected, what is collected and how it is used. For example, customers should look to do business with companies that take a “security by default” approach.

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Last Call for Sustainability: Imperatives for Change in the Retail and CPG Industry

Retail TouchPoints

These preferences are visible on store shelves — for example, check the meat section the next time you visit the grocery store and you’ll see more plant-based, sustainable products alongside traditional food products. Many leading brands are using data and exponential technologies to drive their sustainability initiatives.

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16 best examples of push notifications to increase conversions

Omnisend

Reading Time: 10 minutes Looking for examples of push notifications? In this article, we’ll look at 16 of the best examples of push notifications and how you can use them to get more conversions. Abandoned cart reminders, loyalty program updates, and reminders of upcoming events are some push notification examples in this category.

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The Great Small-Format Store Experiment – Brand Boon or Bust for Retailers?

Retail TouchPoints

Target is an interesting counter-example, as it seems to be moving away from small-format stores, having closed a few in 2023, to concentrate on opening larger stores with better express checkout. Ikea Planning Studios, the small-format store concept focused on home planning and design services, is an interesting example.

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The Ongoing Battle to Protect Consumer Payment Card Data

Retail TouchPoints

Even as technology evolves favoring merchants, criminals always seem to bounce back with a new modus operandi — indeed, they have moved on from attacking merchants directly to skimming card data from the consumer browser. Better standards and improving technology are efficient weapons to thwart criminals in their endeavors.