Inside Retail

FEBRUARY 4, 2024

Consumers will be even more selective, payment flexibility and innovation will be vital, and new tools to boost online security will gain momentum. From budget-friendly options and making returns easy to rewards programs and payment options, every interaction can offer a reason to remain loyal.

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Merchant Services Payment Services Accounting Consumer 264

Small Biz Trends

MAY 2, 2022

However, it’s not always possible or sensible to hire an entire accounting team. Luckily, there are outsourced and online accounting services available to fill these needs for you. What is an Accounting Service? Here are some functions accounting services usually offer: Measure cash flow.

Accounting 111

Accounting Payment Services Finance Planning 111

Retail TouchPoints

MAY 24, 2024

Additionally, a CFPB market report issued in September 2022 revealed that more than 13% of BNPL transactions involved a return or dispute and that people disputed or returned $1.8 billion in transactions at the five BNPL firms the agency surveyed.

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Consumer Payment Services Returns Accounting 231

Retail TouchPoints

AUGUST 22, 2023

Its primary purpose is to protect consumers by stifling sales of counterfeit, stolen and harmful products on online platforms — from ecommerce stores like Amazon, Etsy and auction sites to the many smaller marketplaces that may operate more locally or in niche categories. But compliance can be complicated.

Payment Services 225

Payment Services Accounting Shrinkage Consumer 225

Inside Retail

NOVEMBER 15, 2022

Delivery service provider Deliveroo has ceased trading in Australia, entering voluntary administration after about seven years of operation in the country. The expected return on such investment is not commensurate with Deliveroo’s risk/reward thresholds,” the company said.

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Payment Services Accounting Returns Marketing 246

Retail TouchPoints

OCTOBER 21, 2024

In 2023, fraudulent returns accounted for a staggering 13.7% of all returns , resulting in $101 billion in losses. One common tactic is receipt fraud, where fraudsters will attempt to return stolen items or items purchased at a discounted price, with an altered or fake receipt. Refund fraud is a significant issue for U.S.

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Returns Accounting Payment Services Location 246

Retail TouchPoints

APRIL 3, 2023

billion on pet food and treats, supplies, medicine, vet care and other services in 2022, and are predicted to spend $143.6 Myos Fetch is a full-service SMS “concierge” for all things related to the brand and its focused, yet growing, product line. Within one month of adoption, the brand saw a 33X return on investment.

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Payment Services Accounting Planning Consumer 203

Retail TouchPoints

APRIL 14, 2023

In recent years, the financial landscape has changed dramatically with new economic challenges making it increasingly difficult for consumers to commit to recurring monthly payments. alone, the use of branded payments solutions has grown by more than 50% in the last five years. The global prepaid cards market was valued at $2.2

Payment Services 242

Payment Services Consumer Accounting Advertising 242

Retail TouchPoints

MARCH 3, 2022

Enhancements to its same-day delivery offering with the previously announced addition of product returns and Starbucks order pickup to its Drive Up service at select stores, as well as an expansion of the backup item option for more categories.

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Payment Services Shopping Planning Fulfillment 214

Retail TouchPoints

AUGUST 31, 2023

Buy with Prime was designed to give Prime members fast, free delivery and easy returns through Amazon’s fulfillment network and ultimately help brands increase shopper conversion by about 25%. Now, the new app is empowering Shopify merchants to offer this seamless payment experience to their customers.

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Merchant Services Payment Services Fulfillment Checkout 243

Retail Focus

JANUARY 12, 2023

However, to do that, the system needs to be operable 24/7 throughout the entire year. The ultimate benefits that come with all of that include: reduced operating costs, fewer operator errors, increased sales, . Deciding Which Processes to Automate. The old-fashioned way of doing that was always to have staff available.

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Payment Services Inventory Management Returns Checkout 130

Small Biz Trends

JULY 20, 2022

That’s why most of them rely on accounting software to make their life easier. What is Accounting Software? Small business accounting software is a powerful tool that enables business owners to have complete control over their finances. Why You Should Invest in Small Business Accounting Software. AccountEdge Pro.

Accounting 98

Accounting Payment Services Finance Management 98

Retail TouchPoints

DECEMBER 30, 2021

Account takeover fraud, which is driven by impostor scams, increased by 50%, with no signs of slowing down in 2021. Scammers gather financial account information and government program ID numbers to take over accounts, divert funds and commit identity fraud. K eep bots out of your customers’ accounts and checkout.

Merchant Services 255

Merchant Services Accounting Payment Services Returns 255

Retail TouchPoints

JUNE 16, 2021

The M&A process is highly involved, and acquirers are becoming increasingly sophisticated. We advise our clients to begin the process at least 12 months in advance of their anticipated exit date so they can do everything possible to achieve the best results at a potential sale. But what exactly does that process entail?

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Payment Services Marketing Advertising Accounting 146

Small Biz Trends

JULY 19, 2022

If you’re also struggling to stay afloat due to piled-up accounts receivable, you can opt for accounts receivable financing to improve cash flow in your company. What Is Accounts Receivable Financing? Accounts receivable financing should not be confused with invoice factoring. Accounts Receivable Financing Benefits.

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Finance Accounting Merchant Services Payment Services 119

Retail TouchPoints

NOVEMBER 20, 2020

The pandemic has accelerated the shift away from shopping in person, making it difficult for many brick-and-mortar retailers to sell products, service their debt load and pay vendors. With the pandemic affecting everyone, there has been more transparency and open-mindedness among the various constituents in the process.

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Payment Services Consumer Management Planning 249

Retail TouchPoints

MARCH 24, 2021

A year of quick pivots for the retail industry, 2020 required brands to rapidly adjust their spaces to account for social distancing and the safety measures of consumers, staff and everyone in between. In order to lean into creating safer environments, we saw the rise of flexible fulfillment and contactless payments.

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Payment Services Fulfillment Consumer Returns 243

Inside Retail

MARCH 17, 2022

It connects, on a centralised and measurable platform, several touchpoints and interactions a customer has with the brand or business: payments, rewards, inventory, delivery options, product return, supply chain, fulfilment options, and more. it operates in silos and unconnected platforms. Buy online, return in-store.

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Checkout Drop-Shipping Payment Services Inventory Management 246

Retail TouchPoints

JUNE 23, 2022

Last year, the average family with K-12 students spent $848 on return to school items, while families of college students spent an average of $1,200, according to the National Retail Federation. Give Back-to-School Shoppers Alternative Payment Options. Streamline Your Checkout Process for Busy Parents and Students.

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Payment Services Checkout Drop-Shipping Customer Retention 253

Retail TouchPoints

JANUARY 12, 2024

The purchase amount is automatically deducted from the employee’s payroll account, a major benefit for doctors, nurses and other staff people who often don’t carry wallets or purses while they’re working. Employees can look up receipts and account balances in the hospital’s badge pay web portal or mobile app.

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Payment Services Accounting Checkout Apparel 227

Small Biz Trends

JUNE 14, 2022

The Internal Revenue Service (IRS) has announced that the deadline for taxpayers who pay estimated taxes for the second quarter is June 15. Individuals, including sole proprietors, partners, and S corporation shareholders are required to make estimated tax payments. Quarterly Estimated Tax Payments Due June 15.

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Payment Services Returns Accounting 98

Inside Retail

OCTOBER 6, 2021

The customer goes through the checkout process as usual and on the confirmation page they have the option to view their AirRobe account which will show them the item that they have just bought as well as previously purchased items. Tapping into gen Z spending power.

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Payment Services Fashion Accessories Checkout 246

Retail TouchPoints

AUGUST 25, 2021

If a retailer’s online infrastructure can’t cope with a sudden spike in demand following, say, a Black Friday sale, those customers are unlikely to return. Before the pandemic, ecommerce accounted for approximately 16% of all retail. To stay competitive in the era of ecommerce, fast responsiveness is key, no matter the business model.

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Payment Services Shipping Customer Experience Consumer 245

Retail TouchPoints

FEBRUARY 27, 2024

Cyberattacks and network outages can disrupt operations and erode customer loyalty. This article delves into the evolving threat landscape, examining the impact of these disruptions on retail operations and exploring proactive measures for safeguarding businesses, customer data and reputations.

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Payment Services Wholesale Store Layout Inventory Management 236

Retail TouchPoints

AUGUST 24, 2022

For brands selling internationally, local tax codes, compliance and support for a variety of currencies are hurdles that can’t be ignored. Today’s online shoppers are looking for customization wherever possible, and that necessitates that ecommerce stores offer a variety of payment and shipping methods.

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Checkout Payment Services Shipping Promotions 254

Retail TouchPoints

JULY 25, 2022

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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Payment Services Advertising Accounting Consumer 188

Retail TouchPoints

FEBRUARY 11, 2021

Now the store is viewed as a flexible asset, capable of fulfilling a variety of needs: Distribution center supplying inventory to other locations Ecommerce fulfillment Amazon return hub Curbside pickup Private bubble/pod shopping location Retooled for more buying, less shopping Emphasis on health and safety, contactless shopping.

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Retail Trends Payment Services Supply Chain Management Fulfillment 228

Small Biz Trends

JUNE 14, 2022

Luckily, there are a number of accounting software tools that can help. Many of these tools are available for free, which is useful for business owners operating on a shoestring budget. Free Software for Your Small Business Accounting. Every accounting software for small businesses comes with its own set of features.

Accounting 98

Accounting Payment Services Finance Management 98

Retail Focus

SEPTEMBER 17, 2024

In the fast-paced world of retail, staying competitive means more than just offering great products—it’s about maintaining efficient operations, providing excellent customer service, and leveraging the right technology. Streamlining Operations with Efficient Systems In retail, efficiency is key.

Payment Services 130

Payment Services Inventory Management Customer Experience Management 130

Inside Retail

NOVEMBER 9, 2022

Household savings that were bolstered by government Covid-19 payments have started to fall and there are early indications of financial stress with buy-now-pay-later services and credit applications. The figures indicate a fall in sales in all categories as consumers became able to return to in-store purchasing.

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Payment Services Consumer Returns Accounting 241

Small Biz Trends

NOVEMBER 9, 2022

The Internal Revenue Service (IRS) has reminded taxpayers accepting payments through payment cards and third-party network transactions that they may receive 1099-K forms for sales over $600 in early 2023. Taxpayers are still required to report all income on their tax return unless it is excluded by law.

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Payment Services Returns Accounting Planning 98

Retail TouchPoints

DECEMBER 5, 2024

And process returns of stuff people don’t want! Your POS system needs to account for that. For example, a retailer’s flagship locations could have POS software running on fixed tills and also on mobile devices to assist with line-busting and in-aisle service. the fulfillment scenarios really are endless.

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Payment Services Loss Prevention Fulfillment Shipping 216

Retail TouchPoints

MARCH 3, 2022

That includes frictionless payments and checkout and fast shipping options. Professional fraud rings are shopping with other people’s payment data or loyalty points, so they’re usually not as price-sensitive as customers shopping with their own money. Account takeover fraud trends pose additional risks.

Merchant Services 218

Merchant Services Drop-Shipping Payment Services Shipping 218

Retail TouchPoints

SEPTEMBER 17, 2022

Apparel and beauty companies accounted for 80.1% of individual loans in 2021 saw at least some portion of the order returned, up from 12.2% with late payments, fees, etc.]. of BNPL transactions in 2019 but fell to 58.6% Other notable data from the report includes: Late fees are becoming more common, with 10.5%

Consumer 207

Consumer Payment Services Apparel Accounting 207

Inside Retail

FEBRUARY 28, 2024

The benefits of global e-commerce expansion are obvious: market diversification, new revenue streams, 24/7 business operations and increased brand awareness. Address local currencies and payments If you want to sell internationally, get cosy with foreign currencies. Poor returns experiences will kill your repeat purchase rate.

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Payment Services Shipping Returns Marketing 147

Retail TouchPoints

JULY 12, 2022

“As many of our customers return to their in-store grocery shopping routines, it’s exciting to introduce new and unique ways for them to shop our stores,” said Leandro Balbinot, CTO for Whole Foods Market in a statement.

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Payment Services Shopping Marketing Accounting 235

Small Biz Trends

SEPTEMBER 12, 2022

The Internal Revenue Service (IRS) has announced to taxpayers who pay estimated taxes that the deadline to submit their third quarter payment is September 15, 2022. tax system operates on a pay-as-you-go basis where taxpayers are required to pay most of their tax during the year, as they earn or receive income.

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Payment Services Returns Accounting ATS 105