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Resilience is Key as Payments Acceptance becomes Mission-Critical

Retail TouchPoints

Cards have become by far the most popular payment method, with contactless now accounting for most purchases made at retail stores. European retailers are increasingly turning to Account-to-Account and Open Banking payment options as a way to increase resilience.

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Understanding Retail Delivery Fees and Their Impact on Sales Tax Compliance

Retail TouchPoints

ecommerce sales reached an impressive $1.1 trillion in 2023, accounting for 22% of total retail sales , with projections suggesting an increase to $1.9 Invest in tax automation: Implementing tax automation can simplify compliance for retailers navigating the challenges of sales tax RDFs, point-of-sale fees and everything else.

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How Retail Businesses can Reduce Credit Card Fees

Retail TouchPoints

Many businesses rely on point-of-sale (POS) systems that use integrated software. A chargeback happens when the credited amount from the initial charge to your business checking account is reversed. Monitor your account regularly to prevent unexpected charges or rate increases. Strategies to Reduce Fees 1.

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How AI-Driven Search and Personalization Boosted AOV 5.5% for Freedom Furniture

Retail TouchPoints

One of the key strategic goals was increasing online sales, which had previously accounted for approximately 6% of all sales. First Step: Expanding the Online Offering Part of the reason for that low number was the fact that the companys website only featured a subset of products and minimal fulfillment capabilities.

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The Real Price of a Data Breach in Retail

Retail TouchPoints

This data, which includes sensitive customer information like credit card details, is stored across a number of environments and is accessible through millions of point-of-sales and IoT devices. In light of this, it’s critical that businesses strengthen their defenses.

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14 Point of Sale Systems for Small Businesses in 2023

Small Biz Trends

A point-of-sale system is one of the best tools for small businesses looking to accept payments. Point-of-sale systems enable business owners to be more agile with their payment processing and forego using the cash drawer. What Is a Point of Sale POS System? Best Overall Point of Sale Systems.

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Turn Your Store Associates into Superheroes with These Four POS Capabilities

Retail TouchPoints

Sales associates need robust POS solutions. Your POS system needs to account for that. Remember all the things associates are expected to do in stores? All the ways they need to serve customers? Deep functionality, served up in a simple way. It’s a lot harder than it sounds.