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Visa, Mastercard Settlement Represents Major Victory in Merchants’ Fight Against Swipe Fees

Retail TouchPoints

merchants worth an estimated $30 billion that will lower the interchange fees (commonly referred to as swipe fees) that merchants are charged when customers use credit or debit cards. Additionally, the settlement provides funding for new programs to educate small businesses about payment acceptance options and how to best manage costs.

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Inventory Management 101: Using Data-Driven Insights

Algopix

Inventory management is a critical aspect of running a successful business, whether you’re a small retailer or a large multinational corporation. In today’s fast-paced and competitive business environment, the efficient management of inventory can make or break a company. Minimize carrying costs and holding expenses.

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5G in Retail: Creating the WOW factor

Retail TouchPoints

In retail, the wow factor refers to the business’ ability to amaze customers and convert them into store or brand admirers. 5G can also connect mobile point-of-sale (POS) terminals , self-service kiosks, scan-and-go checkouts and other forms of frictionless shopping with ease. Tractor Supply Co.

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Supply Chain Management: How to Deal with the Supply Chain Crisis

Korona

Read on to learn more about how retailers can optimize their supply chain management. . Table of Contents. Manage Supply Chain By Knowing Your Lead Time. Lead time refers to how long it takes between initiating a wholesale purchase order from your supplier and receiving those goods. Get An Accurate Picture Of Lead Times.

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Lost Goods or Lost Sales? How Connected Systems can Help Solve Retail’s Most Persistent Dilemma

Retail TouchPoints

When correlated with point-of-sale logs, video surveillance and third-party data related to retail crime, these datasets can show retailers their strategies’ unique strengths and weaknesses. Retailers need a point of reference to guide their way.

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How Integrated POS Tech is Helping Electronics Retailers

iVend

In today’s modern retail stores, the point of sale no longer has to be a fixed counter – it could be anywhere in the store. With mobile point of sale systems, transactions don’t have to take place within the store. The hardware can be any mobile device that can run your store’s point of sale software.

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5 Ways AIOps is Solving Modern Retail Networking Challenges

Retail TouchPoints

In short, AIOps is like DevOps, in that it brings together service and performance management along with automation to provide continuous insights and enable improvement. Because of this, Gartner recently introduced AI Networking , which is a subset of AIOps defined as more efficient way to manage Day 2 network operations.

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