Retail Minded

MARCH 20, 2025

To safeguard profits, protect customers, and maintain operational stability, retailers must proactively address these challenges with modern solutions. Retail risk encompasses any potential threat that could disrupt a stores financial health, reputation, or daily operations. In 2024, the average cost of a data breach reached $4.88

Merchant Services 94

Merchant Services Payment Services Management Shrinkage 94

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 246

Payment Services Accounting Shrinkage Consumer 246

Retail TouchPoints

AUGUST 4, 2023

This, combined with workforce shortages, has caused airports to move more toward automation, with self-service check-in kiosks, baggage drops and mini stores. The growing exposure of travelers to self-service options has led to consumers preferring them as they are much more convenient than previous models.

Payment Services 246

Payment Services Kiosk Marketing Inventory Management 246

Inside Retail

MARCH 4, 2022

We can aim to maximise the quality of our product or service. Cash recyclers are devices that automate cash handling – accepting and dispensing cash; counting, authenticating, and storing money securely; and keeping an accurate accounting of the cash you have in your business. Cash-In-Transit (CIT) services. Banking fees.

Shrinkage 162

Shrinkage Payment Services Customer Experience Accounting 162

Retail TouchPoints

NOVEMBER 7, 2023

Typically, ORC is reliant on a single entity, like an address, credit card or store account that connects a complex crime ring across retail stores. The same retail security survey from NRF found that most retailers experience a shrinkage rate of around 1.4%, which is most often attributed to shoplifting, employee theft and ORC.

Loss Prevention 297

Loss Prevention Shrinkage Returns Payment Services 297

365 Retail

SEPTEMBER 1, 2024

With its network of linked devices, IoT is not only improving retail operations but also altering the customer experience in ways unthinkable a few years ago. IoT in the context of retail refers to a broad spectrum of uses from smart shelves and linked payment systems to tailored consumer interactions and predictive analytics.

Payment Services 122

Payment Services Shrinkage Checkout Consumer 122

I Vend

MAY 8, 2024

Online sales account for $40 billion and are growing faster than brick and mortar sales. They can provide guidance to customers in the aisle as they browse, upsell to increase basket size, and even take payment so that customers avoid checkout lanes.

Shrinkage 91

Shrinkage Inventory Management Payment Services Point of Sale 91