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As Gen Z Enters Prime Spending Years, Brands Sharpen Their Pitch

Retail TouchPoints

They’ve been shaped/scarred by not one but two global economic traumas — the Great Recession of 2008-2009 and the COVID pandemic — and they’ve grown up with social media playing an increasingly large (and loud) role in shaping culture, including how these consumers shop, research and purchase products and services.

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Revolve SVP’s playbook for going global and the importance of localisation

Inside Retail

Here, Li speaks to how Revolove’s global growth is driven by localisation strategies that deliver the best service to its customers within each region. That involves operations, customer service, logistics, warehousing, currency and finance. We built a good service to increase repeat customers.

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Buy Now, Pay Later: The Gen Z Alternative to Credit Cards

Retail TouchPoints

This generation has taken to this payment option faster than any other, but looking at their history it is easy to see why. Gen Z has grown up with a steady decrease in the use of physical payment, coupled with major advancements in fintech. Late or missed BNPL payments have their own consequences. with Klarna.”.

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Making High Conversion and High Security Play Nicely Together

Retail TouchPoints

Whether your ecommerce storefront is an omnichannel model like BOPIS or just a simple Shopify page, managing card-not-present payments is a persistent challenge. For the sake of user privacy, this is not an invasive process, either. Why Conversion and Security Aren’t Mutually Exclusive. Keeping Security Behind the Scenes.

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Cryptocurrency: The good, the bad and the ugly

Inside Retail

In 1937, Coca-Cola introduced its first coin-operated vending machine in the US, selling a bottle of Coke for a nickel. Cryptocurrencies have evolved beyond their origin as a payment system for a niche group of people who didn’t trust the global banking system. Bitcoin was the first major cryptocurrency, created in 2009.

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Asic warns BNPL players of new regulations

Inside Retail

The Australian Securities and Investments Commission (Asic) has warned of stricter requirements for providers of buy now, pay later (BNPL) services when new regulations are implemented later this year. Asic advised BNPL providers to act early to apply for or vary a credit licence as the process will take some time.

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Secure Retail and STS leading the way with payment security with our recent PCI DSS v4.0 Certification

Secure Retail

PCI Data Security Standard (PCI DSS) is the highest industry security certification that provides a baseline of technical and operational requirements designed to protect account data. This version furthers the protection of payment data with new controls to address sophisticated cyber attacks. Promote security as a continuous process.